Becoming a business owner is something that many dream of. It offers them the freedom that they’re looking for, something that they may be unable to find in a regular 9-to-5 job. But there are many pathways to becoming a business owner. For example, let’s imagine that you’re passionate about pools. While some may think that the only way to get started is to build a business from scratch, you could always buy a franchise instead. Why would you consider that? Here are three reasons to invest in a pool franchise over starting a pool business.
1. There’s Far Less Work That Falls Upon You
Starting a pool business from scratch is an extensive endeavor. You have to come up with a business plan, deal with all the licensing and permits, and source all of the parts and labor necessary to offer the products or services you’re interested in offering. You also need to lease a space, market your new business, and so on. Put simply, starting your own business takes a lot of time and work, and it may not always work out for you.
When you decide to invest in a pool franchise, you don’t have to deal with any of the setup that goes into starting a new business. While you’re still responsible for running and managing your business, there’s much less to take care of initially. This can be a major selling point for many aspiring business owners like yourself.
2. You Have Added Support From Franchise Owners
It’s important to recognize that there is a wealth of small business resources out there that will help small business owners learn how to get started and how to run their businesses with greater ease. That being said, not all small business owners may know where to begin or feel supported as they begin their business journey.
Investing in a pool franchise automatically grants you access to support and resources designed specifically for your new small business. This personally tailored support will prove invaluable as you run your new pool franchise. More than that, you’ll have a community of other small business owners running the same franchise who can provide you with insights and advice so that you can see the same success they have.
3. You Get a Proven Business Model in Your Grasp
The biggest risk that comes with launching a business is the risk of failure.20 percent of small businesses fail within the first two years, and that number only increases with time. Making the decision to invest in a franchise means that you get a proven business model that has already succeeded for many others. In business, risk is necessary, but it’s always best to go the safer route that will result in greater success and profitability.
If it comes down to it, investing in a pool franchise is often better than starting a pool business. Consider the points above and weigh the advantages and disadvantages so that you can make a confident decision when you’re ready to become a small business owner.
