Hello Everyone,
Today let’s
talk about Why 85% Of Franchises Succeed While Most Other Businesses Fail. Let’s start off with, it’s extremely risky to
try and start your very own business.
People rarely consider all that goes into creating a business, and that
is why only less than 20% of them make it, and out of that 20% even less will
stay open for more than a year. This is
one of the biggest reasons that franchises will make it over a mom and pop startup
company.
When
you are looking to start a company you want to look into franchises. You want to make sure that the system has a successful
track record. So you don’t want to be
out there joining these groups who claim to make you thousands, you want to see
actual claims and testimonies. You also
want to be part of something that will give you constant training and help to
ensure your success. You don’t want to
go out and pay all this money for a program that will not even give back to you
when you need help.
So now let’s
take a moment to think about some of the most well-known brands you use, the restaurants
you eat at even the stores you shop. Are
the store and restaurants franchised or independent? Why do you think that most of them are
franchised? It’s because they have a
proven business model that works. Banks
are very skeptical to give money to independent business owners because of the
great risk involved, whereas franchises they will lend all day long, because
they have a record of success.
Now think
about the local business in your town or the next town over. How’s long do you think they work each
day? Is the owner even working
there? Is the owner able to leave on a
vacation and not have to worry about the store?
Or are they chained to their store?
These are some of the things that people do not think about when they
start a business.
Here’s
another example, how many times have you seen a local business with great
service or products that six months or even a year down the road have their
doors closed? Are you now starting to
understand where I’m coming from when I say that it’s better to purchase a
franchise then to start up yourself?
There is proven power in a franchise model. Yes they may cost more in the beginning but
in the long haul they end up making you money.
Thank you,
JPM
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