Buying a Franchise or starting a business? Which is better?

Buying a Franchise or starting a business? Which is better?

Many of us have pondered over owning a business of our own but very few of us have the natural ability to be efficient at running a successful business. Business can be risky and requires a lot of capital, plus there’s no guarantee that profits will happen soon.

 

Business versus Franchise

According to a study, new independent businesses are known to have a failure rate of about 90 percent. This is disheartening considering that business owners give it their all and usually work hard to make their businesses grow. This however, is not the case with franchise owners, whose transition into the industry is smoother because of the guidance they receive from franchisors.

Franchise organizations help launch, operate and grow a business. Franchisors also share their expertise in running the franchise successfully by creating comprehensive operations manuals and training programs so that franchise owners can cover key areas specific to their business model.

So when you become part of a franchise team, you need to ensure you’re completely bought in to its vision, which is not the case with business owners who have their own rules and values when they set up shop.

 

Another pain point for businesses is funding. Getting funding for a business is quite a task as investors and banks will take their own time to weigh the pros. For a franchise, however, banks will disburse a loan quickly if the franchise history is commendable.

 

Franchising offers a better chance to succeed

Most individuals seek three common elements when choosing a franchised business:

  • Revenue

  • Flexibility

  • Status

 

Finding a franchise that aligns with your goals and values is of paramount importance. You’ll be much happier, which in turn will result in higher productivity. Some studies show that franchises have a success rate of approximately 90 percent, making it an extremely viable option. Franchises of McDonald’s, KFC, Chick-Fil-A, Krispy Kreme, Sweet Frog, etc. are highly successful in their undertaking, and remain favorites among people.

 

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Catering to multiple brands in the F&B industry, Franchise Discovery serves both domestic as well as International brands across India and around the globe. For more information or to start your franchise, call us on +91 8169524362 or email us at info@franchisediscovery.in

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Franchise Discovery helped us set up our waffle franchise, from start to finish. We didn't have to run about for licenses, and all the paperwork was taken care of. We are now running the business happily. Thank you Franchise Discovery.

Vijay

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When we first came to Franchise Discovery, we didn't have much idea about starting a business. My wife and I are both from the service industry, but we wanted to get into business so that we could stop the 9 to 5 routine. We were helped beyond our imagination, and hope to start more businesses in the future.

Ranjan Singh

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Franchise Discovery made it easy for us to find investors for the business. It really helps when you have contacts in the marketplace, and we're happy to associate ourselves with Franchise Discovery.

Shrenik Shah

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Being in the franchise business for long we have come across many people. We have found Franchise Discovery to match us with the right investors according to their needs. This helps us as well as the investors, many of who are investing for the first time.

Ankit Shah

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I thank everyone at Franchise Discovery for the smooth functioning of starting our set up. We were skeptical at how to run a fast food business, but we got all the help and expertise we needed and couldn't be more relieved. We are now thinking of taking up another franchise of desserts this time. Hope things go well again.

Mohan