[ON DEMAND] 7 Reasons Why People Invest in Franchises Over Starting Their Own Business
Until Mar 31
Facilitated by Pikes Peak SBDC
Topic: Managing a Business
Why would anyone invest in a franchise? You're smart - you could start your own business, right? The reality is, for most people coming out of a job where they work for someone else, starting a business from scratch is a lot harder than they could imagine. Our brains have been hardwired to do work for someone else - and then complain about it. That's where we are comfortable. But starting a business asks us to step outside of our comfort zone and many people find it difficult to do that without some coaching of some kind.
Enter franchising, a hybrid approach to entrepreneurship.
Now, we're not talking about what everyone thinks of when they consider a franchise - burgers or chicken sandwiches. It's not just fast food. Many of the businesses you walk into everyday are actually franchises, although you might not realize it. Franchises are structure. Franchises are predictable. Franchising is a plan of action to follow. So what does that mean for you, the average Joe? Franchising can work in different ways for different people:
- Fill a need in the community from something that people use everyday
- Have a semi-absentee business from a franchise and keep a regular corporate job
- Dive in and be the owner-operator, AND your own employee from day one
- Invest in multiples and build an empire quickly, or grow slowly from one location
- Invest in a mature or emerging brand to match your risk tolerance
Find a business that fits you, your family and your lifestyle, without starting from scratch. Know your options! Understand why some of the most successful entrepreneurs own franchises, and why you can do this as well. Register for 7 Reasons Why People Invest in Franchises Over Starting Their Own Biz to get the full scoop from a franchise owner, consultant and expert in the field, Cindy Rayfield.
Cindy Rayfield, CFC
Franchise Broker Consultant
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Registration closes 24 hours prior to the start of the webinar.NOTE: Pre-payment for all workshops is REQUIRED! If you are unable to attend, you will not receive a refund unless you cancel 24 hours in advance. Thank you for your cooperation! Additionally, when you register for your first SBDC workshop, you will be asked to fill out our full request for assistance. Thank you in advance for your patience in completing this form. You will only have to complete the form ONCE with us and for no future workshops. The form helps us count our attendance numbers towards our federally-mandated goals and helps us continue to provide our free consulting and low-cost training.
IMPORTANT! For On-Demand Registrants: After you register, please click "Continue" in order to get the webinar link and/or watch the webinar. Once you register on the GoToWebinar page, please note that the webinar will start automatically, and you cannot fast-forward or rewind. (However, an email with the recorded video is automatically sent within a few hours after the webinar, where you can save, fast-forward, and rewind from there.) If you are logged out, please sign back in and your webinar link and copy of the slides will be available on the event page.
Fee: $ 20.00
Understand why some of the most successful entrepreneurs own franchises, and why you can do this as well.