Are you planning on starting a new business and wondering which route to take? This is a choice that troubles every business person before they set out on their path.
Well, there is the other option of buying a franchise and here we have the many ways in which a franchise business is better than a new startup.
1.Idea
For a startup, you have to come up with a new and a unique idea. Franchise model, on the other hand, provides you with multiple ideas that have proved to be a success in the past and the present.
2.Research
In a startup, you have to set aside funds for research purposes and for various pilot projects. A franchise, on the other hand, comes with all the necessary research data. All you have to do is know how well will your franchise do in your desired market.
3. Money
A startup comes with many surprise expenses. In franchise, you can get an idea in advance of the total investment.
4. Marketing cost
Marketing and advertising cost in a startup is always high. One needs to spend a lot of money to make the market feel their presence. In a franchise business, the franchisor already made that cost years ago and allows you to reap the benefits of it.
5.Risk
Research has proved that a startup is more inclined towards risk than a franchise.
6.Guidance
Usually, there is no person to guide you in a startup because you are on a new path altogether. In a franchise, you can take help from the franchisor and the &fellow franchisees.
7.Instant profits
Reaching the breakeven point in a startup also takes a couple of years so imagine how much time profits would take. Franchise business usually starts bringing profits in the initial months of investment.
Luckily for you, Franchising has over 4500 franchise opportunities across India. Call on 97178-99655 or email us at info@franchisezing.com and let us help you in finding your perfect business for you.