If you’ve got some cash to invest and time to grow your own business and you want to make sure you’ve got the best chance of success, then buying a franchise is the way to go.
Owning and operating your very own franchise gives you the independence of being your own boss with a much-reduced risk of failure. Over five years, only 6% of franchises close, compared to 50% of startups (BFA/Natwest survey).
In addition, opting for a franchise over building a business from scratch means you can get investment much more easily if you need some extra capital.
You can choose to buy a franchise in an area you’ve always worked in, and therefore give yourself the promotion you’ve been waiting years for, or you can switch things up and open a franchise in an area you’ve never even considered. There is an abundance of choices out there if you’re willing to explore.