Why is The Franchise Success Rate So Good?Not one source agrees on the exact success rate for franchises. It tends to vary, ranging from 80 to 90%. As we mentioned earlier, there are a lot of circumstances that can affect the success or failure of any business, including a franchise business. What a franchise has going for it over a new business is a recognized product or service, a brand that consumers already know and trust, and a built-in customer base. All of these factors contribute to the overall success rate of many franchise businesses. There's more. Franchises come with training materials that contribute to their success rate, and franchisees have access to processes and products that have already been tested and perfected in the market. Franchisees also have the benefit of corporate marketing efforts that help them succeed in business. These are all factors that make buying a franchise a good choice when you want to be in business for yourself without the risk of starting a new business.
Franchise or New Business: Which is the Right Choice?So, if a franchise has so many built-in benefits, why would anyone want to start a new business? Well, for many people, a franchise is hands-down the right idea, but not for everybody. If you believe in your product or service, if you've done the legwork necessary for starting a brand-new business, and if you're ready to take the losses with the gains, then you may want to start your own business. According to the SBA, it can take two or three years for a start-up to begin to succeed. If you're willing to wait and have set aside the funds to sustain your business during this time, a new business might be the way for you to go. The major benefit of a start-up is that you are in control of branding, how the business operates, and how it is marketed. It also means you lose many of the benefits we mentioned earlier regarding franchising.
All USA Franchises is a Great Place to Find a FranchiseIf you are looking for a franchise opportunity, All USA Franchises is the largest FREE franchise directory you can find. We are on a mission to list all of the 3000 plus franchise opportunities in the US, so whether you're an investor, someone looking to buy a franchise, or a company wanting to list their franchise for sale, you can benefit from All USA Franchises. You can search franchises by industry or investment, which lets you narrow down your options, and we even provide you with an informative blog full of helpful articles and tips for franchisees as well as the latest franchise news. We also bring you the latest information about the franchise events you won't want to miss. In addition to the blog and events information, we offer a valuable resource section that helps you locate franchise advisors, franchise brokers, franchise consultants, franchise developers, franchise lawyers, and franchise training services. These resources will save you time and can provide you with additional franchise help when you need it. When you ready to pursue your dream of owning a franchise or finding a good franchise investment, let us be a part of your search.