The prospect of striking out on your own and opening your own business might seem overwhelming, but it doesn’t have to be. You may be asking yourself: is it better to strike out on my own and build a new business from the ground up, or to take advantage of an already-existing model? You can still experience the thrill of owning your own business with a Supporting Strategies franchise, and take advantage of the many benefits associated with franchising. Opening your own business means dealing with a higher investment cost, making connections in an unfamiliar industry, and formulating a brand new business model. The luxury of settling into an established system, where all of these obstacles are already solved, can’t be overstated.
You Don’t Have to be an Expert
One of the biggest challenges of opening your own business from scratch is, for many, a lack of industry experience. However, the Supporting Strategies franchise system is designed with a business plan in place, and gives franchisees strong marketing and operational support. While most of our franchisees have some degree of financial experience and background, we make it extremely easy for someone who has never owned a franchise before to slide into a role as a franchisee. We also expect our franchisees to demonstrate a strong entrepreneurial spirit, self-motivation, and an enthusiasm for learning the ins and outs of an unfamiliar industry.
A Proven Concept
When you start a business from scratch, it’s your responsibility to devise a business model that works for you. This can be difficult if you’ve never owned a business before. When you invest in a Supporting Strategies franchise, however, you’re investing in an already-proven and successful system. Unlike starting from scratch, you won’t have to worry about your business idea not being financially viable, or the strength of the market. We’ve identified the obstacles associated with opening a franchise, and give you all the tools you need to overcome them. Our team is committed to working with you to ensure your franchise is in the best possible shape to be successful before opening your doors.
Smaller Financial Commitment
When you open your own business, it can be difficult to get a real sense of the financial commitment. An entrepreneur starting their own business from scratch might find estimating costs challenging. As they often are working within a new, unproven model, it can be impossible to really get a sense of the cost until it’s too late. Entrepreneurs often struggle to obtain financing through loans, and may themselves be left with the difficult task of raising money through investors. With a Supporting Strategies franchise, however, your investment is clearly laid out for you. The investment amount, including franchise fee and royalty payments, is listed on our website, as well as a description of what you can expect to receive in return.
Higher Success Rate
When you pursue a franchise business opportunity, you’re setting yourself up for a greater chance of success than if you chose to go it alone. Startups have a 50% higher failure rate than franchises, especially for those with little experience in business ownership. We understand that our company cannot be profitable if our franchisees are floundering, so we make every effort to set you up for success. When you consider that franchisees start off with an established brand, existing customer base, and can reap the benefits of training and support systems, it makes sense that franchising boasts a higher rate of success.
If you’re excited about going into business for yourself by opening your own Supporting Strategies franchise, reach out to us for more information, or to get started.