Why It’s the Perfect Time to Own a Franchise
After an uncertain year in many industries, filled with layoffs, furloughs and job-market upheaval, many people are wondering how they can invest in their career while limiting risk. Self-employment and owning your own business give you the freedom to be your own boss, but that freedom also comes with financial risk. Fortunately, there’s an option that gives you the autonomy you desire without as much of the danger of failure: franchising.
Owning a franchise is a way to invest in a business that allows you to sell or provide goods or services under the umbrella of an existing company, making your investment less risky than if you were to start a business on your own.
However, investing in a franchise is not risk-free and should be carefully considered. At The Flying Locksmiths, we want to give you the guidance you need to help you decide if buying a locksmith franchise is the right move for you. Take the time to answer a few of these questions before you make any decisions.
Is there a demand for the business’s products and services?
The key to finding the right business to franchise is making sure the business continues to see growth, from season to season and year to year (especially in the past few years). Evergreen services are always a safe bet when it comes to investing in a franchise. The Flying Locksmiths continues to expand throughout the country, offering locksmith and security services to businesses of all sizes.
Does the business have brand recognition?
One of the biggest reasons a franchise offers more safety than starting a business from scratch is brand or name recognition. The Flying Locksmiths provides a level of name recognition, excellent brand visibility and a reputation for incredible service that will automatically draw customers to your franchise.
Will the business provide the training and support you need to succeed?
The right franchise option won’t require you to be an expert in the industry or field before you even get started. At The Flying Locksmiths, we give you the tools needed to operate the business but won’t require you to personally be working in the field as a technician. In fact, franchisees of The Flying Locksmiths often have no experience whatsoever in the security industry or franchising in general and still find success and fulfillment in their work.
Does franchising align with your goals?
One of the most essential questions you can ask yourself is if investing in a franchise aligns with your goals. Do you want to be your own boss and have the freedom of owning your own business? Are you ready to take a small risk to see great rewards in a growing industry? If you answer yes to these questions, owning a franchise may be the right step in your career.
Answering these questions should be just the start of your pursuit of a potentially lucrative entrepreneurial opportunity. The next step should be speaking with the team at the business you intend to franchise to see if it’s a good fit. If you want to learn more about franchising with The Flying Locksmiths or you’re ready to get started, please contact us. We would be happy to tell you more about the success of other franchisees and the benefits working with us could have for you.