Launching your own independent company demands time, money and determination. You’re trying to make an impact on a competitive marketplace, striving to establish your own brand amongst countless others.
This can be a major challenge, to say the least. Entrepreneurs need resilience and determination to succeed on their own steam, nurturing a business into a force to be reckoned with. It’s a huge gamble … so why not buy a franchise instead?
Investing in a franchise is a fantastic opportunity to reap the rewards of running a successful enterprise without some of the risks.
Let’s take a look at the major benefits …
More Chance to Succeed
A franchise with years of experience and a track record for success is likely to be a worthwhile investment.
After all, the team behind it has been through trial and error, rectified mistakes, built a stable customer base and settled on a business model that works. They will pass critical information on to you and help you get up and running.
You’ll open with a known brand attached to your business, and customers will know exactly what to expect. This gives you a fantastic foundation upon which to build.
Be Your Own Boss Without Being Alone
Running your own unique business can be a double-edge sword. Yes, you’re your own boss — but the buck stops with you. You have to take ultimate responsibility and be held accountable if anything goes wrong.
That can be daunting, possibly even enough to put you off launching a ‘fresh’ company completely.
With a franchise, though, you make the everyday decisions and act as the leader, but can depend on valuable guidance from the franchise team. You’ll receive support, training resources and other key assistance along the way.
Start Earning More Money
Being part of a franchise helps you get a stronger start and get ahead of competitors. Customers will be familiar with the existing brand and have trust in it, your business can make more money faster than a new company. Much of the risk and uncertainty is removed from the equation.
Consider this: just over half of small, independent enterprises fail within their first four years, and 30 percent continually lose money.
Buying a franchise gives you a better chance to avoid being one of these grim statistics. And because you’re making more money with fewer danger of a loss, you’ll have more reason to enjoy your work and focus on productivity.
Group Marketing has Wider Reach
When a franchise advertises its brand nationwide, they’re marketing all of their local branches.
This saves the big money you would otherwise spend on promoting your business, possibly encompassing television, print and social media. You can invest this into other areas and make your budget go further.
Simply seeing the franchise logo on your business may be enough to bring in customers, as they will view working with a successful brand as a lower risk than taking a chance on a new company.
As you can see, we know a thing or two about franchises. 10-4 Tow’s nationwide franchise has branches throughout California, in Oakland, San Jose, San Leandro, San Diego, Sacramento, Stockton, Fullerton and Long Beach.
We’re dedicated to providing our customers with the best roadside assistance, car lockout and towing services across the United States. But we want more branches!
10-4 Tow is looking to expand, so if you want to buy a franchise and start running a successful towing business with the same outstanding towing services our customers expect, just give us a call!
Inked by 10-4 Tow Blog Team – Boasting many long years of experience in everything & anything related to the automotive business, especially when it comes to tow trucks.