Starting a new business is an exciting venture and can be extremely rewarding and successful — if you play your cards right.
Self-employment is the most attractive notion when looking to start a new business, and with all the benefits of self-employment, it’s no shock as to why. Self-employment grants you the freedom to call your own shots, the potential for massive financial gains, control over your brand and marketing and so much more.
Of course, self-employment does come with its downfalls, as any venture does. The negatives shouldn’t deter you from seeking this path, however. Self-employment doesn’t mean having to go it completely alone. If you’re looking to start a business, have you given much thought to starting it within a franchise?
The advantages of franchising tend to overlap with the benefits of self-employment — sometimes even surpassing them.
The Benefits of Franchising
There are plenty of benefits of franchising to consider when thinking about starting a business.
Risk is Low, Rewards are High
Everyone knows it takes a lot of money, investments and energy to build a business from the ground up. You’re staking your earnings, savings and livelihood on it, so risks are going to be high. With a franchise, however, the risks couldn’t be lower. Franchise owners don’t risk as much, and at the end of the day they have a larger, established company to fall back on. Not only that, but franchise owners see a strong ROI and have an easier time turning a profit than a regular business. It's a great way to financially prepare for your future!
The Brand is Built and Marketing is Ready To Go
Going with a franchise means everything from how the business works to how it looks is set up for you from the get-go. A new solo business doesn’t have much going for it, but a franchise already has the foundation of a great brand, excellent marketing and trust with the consumer base. Not only will you be starting off on the right foot but you’ll have a running start on success.
An Existing Business Model to Work From
Going with a franchise means most of the hard work is already done for you. No need to spend months or years on building a business model when one with proven success is already waiting for you! The only thing you need to worry about is how to take advantage of a great situation.
Industry Training for Franchisees
New to the industry? Not a problem at all. We encourage those experienced in the industry to open a franchise, but newcomers are also welcome. Many, if not all, franchises will offer their franchisees specialized training and education about the industry and the ways of the company. This gives you, a franchise owner, the capability to stay on top of industry trends and gives you an edge over the competition.
Financing is Available
It’s no secret that it costs money to build a business, especially from scratch. With a franchise, however, there are financing options available to help you, as a potential franchise owner, become their ideal candidate. Franchises want their franchisees to succeed and build on the franchise’s success, so they’ll help you get started in whichever ways they can.
Full Support
Going it alone in a business means there’s no one there to fall back on when times get tough. You may have the moral support of your friends and family, but the support that really gets you through financial strains and business lows just aren’t there. WIth a franchise, you don’t need to worry about not having support. Franchises offer entrepreneurship with full support !
Purchasing Power
Building a solo business means having to do everything from scratch. Finding vendors, building a client base, and formulating a marketing strategy are all things that require a lot of energy. With a franchise, there will be doors open to you that would take years to open if you were going it alone. You’ll have so many resources available to you that will help build on your success as a franchise and business owner, a truly wonderful advantage of franchising.
Now that you know the advantages of franchising, it’s time to consider what industry you want to be a part of. The industry you franchise in should be something that you care about and would like to have a fulfilling career in. Take the time to research what’s best for you, perhaps something within the home improvement industry, like the Painter1 franchise.
The Right Industry
Choosing the right industry to franchise in is not something to take lightly. You’ll need to take into consideration the industry highlights, the disadvantages, and your own personal interests of course. It’s worth looking into the home improvement industry as it’s highly resilient and lucrative. People are always looking for ways to spruce up their homes. So why not take a look at franchises like Painter1?
Why Painter1 is the Best OptionWith services available for interior painting, exterior painting, and business solutions, our painting franchise offers investors three solid streams of revenue. Our luxury service range, fair pricing, and quality customer care allows us to stay ahead of the competition. A fresh coat of paint is the best way to spruce up any room. Whether homeowners are updating shabby walls or adding a burst of color to their exterior, Painter1 has the best products and services available to get the job done.
Investors interested in the home improvement industry will do best with a simple, scalable model like our painting franchise. With an AUV of $500,000 and an investment range of $58,000-$121,000, it's easy to see how an investment in Painter1 could be your ticket to success. Home improvement will be important as long as people live in homes. And, as demonstrated by the annual release of the "color of the year palettes," the desire to create will always be relevant.
We'll help you achieve success, gain your freedom, find more time and grow your financial security within your own painting franchise.
Step into a thriving industry with the best branding, marketing materials, coaching, software, tools and technologies available.
Step into a thriving industry with the best branding, marketing materials, coaching, software, tools and technologies available.
Franchising with No Experience
The idea of franchising with no experience may feel daunting, but you don't need to worry about that at Painter1! We have a proven business model that is easy for beginner franchise owners to adopt and apply. Painter1 has an incredible support system that will be there for you throughout the entire process, so starting with no experience is no problem. That’s one of the significant advantages of franchising with Painter1!
Though you do not need franchise experience, there are a few key characteristics that we look for in prospective franchise owners.
- Confidence. You need to be confident in running the show and taking care of problems. It’s your business, and you need to feel confident and in charge for things to run smoothly.
- Self Awareness. When you are a self-aware franchise owner, you can see areas where you may be lacking. You can know where and what you need to work on, whether it's within the business or yourself.
- Motivation. Running your own franchise requires a lot of motivation to get things done and continually move forward. That motivation needs to come from within yourself to find success.
- Financial Literacy. You need to have financial know-how regarding owning and running your own business. You need to be able to understand primary business and financial concepts.
- People Skills. Interacting and relating to all kinds of people is a major skill in owning a franchise. You will constantly interact with new people, so solid people skills will help you immensely.
Why Franchise?
The Benefits of Self Employment
Are you tired of the corporate world? Do you hate being tied down to a desk and dream of a career with unlimited flexibility? Working for yourself opens you up to a brand new way of life – flexibility, opportunity, knowledge, growth, independence and unlimited profitability. Learn more with Painter1!
Starting a New Career with a Franchise
If you’re debating a career change and wondering if you’ve got what it takes to start a journey of entrepreneurship, learning about franchise opportunities is the next best step. Consider the main draws of opening a franchise, and learn about a few of the different types of opportunities available. This may be the start of a wonderful career change!
Franchising: Entrepreneurship With Support
The last few years have made many people reconsider their career paths. With shifting perspectives and changing priorities, it’s easy to understand why many professionals are taking a long, hard look at their current careers and deciding that they want more.
If you’re interested in making the leap into entrepreneurship but aren’t interested in entering the world of business ownership alone, becoming a Franchise Owner may be right for you. Learn how owning a franchise combines the benefits of entrepreneurship with the support and encouragement you need.
Preparing for the Future
Whether you’re working to get ahead of your retirement, planning an early retirement, or considering a side hustle to take on once you do retire, Painter1 is one of the best retirement franchises. Here’s why the home improvement industry is booming and how you can grow with Painter1.
Choosing a Franchise Industry
When you start considering franchising, the sheer number of options can be overwhelming. Before deciding on a franchise, there are a few things we recommend thinking about.
- What are your personal goals? Observing yourself and thinking about your personal goals regarding starting a franchise will be critical as you start. Are you hoping to spend more time at home? Do you expect this will further your future career? Or, are you looking for financial security?
- What kind of industry interests you? There are thousands of franchise opportunities, each one different from the next. You need to decide on areas you are interested in and could see yourself doing well.
- Research the franchise. Once you find a few franchises you are interested in, research how they run things. Look into subjects like their investment fees, their professionalism, if they have a strong support system, and if they have a business model with proven successes.
- Get feedback from current owners. If you narrow down your franchise options, you can start talking to their current franchise owners to get an idea of how the franchise runs. You can ask them questions about management, how complicated the startup process was, and any other fees that might have come up. We also recommend looking at their online reviews from multiple sources to get an average idea of how the different locations run.
Leave Corporate America Behind and Join Painter1 Today!
Leave that stressful 9 to 5 behind and start a new career with a franchise. Investing in Painter1 is an investment in your career’s success and embarking on a partnership with decades of experience in the painting industry.
At Painter1, there are no limits to the advantages of franchising. We encourage you to take a look at what we can offer you!
