There are many benefits to owning a franchise compared to the challenges of starting a business from scratch. Here are just a few (from KIP Business Report).
Failure rates are significantly lower than start-ups due to the experience, expertise and proven resources our franchise system brings to you in your business.
Many franchisors will often help you in the borrowing process by facilitating arrangements with lending institutions which look positively on lending to franchisees because of their higher success rates. There are also a number of community development initiatives that will assist minorities in lining up financing to purchase land or a building, fund construction or acquire the franchise.
With an established franchise, you get the benefits of years of marketing and brand building to help sell your products or services.
As a franchisee, you will generally receive ongoing business support, often including site selection, training, leads, marketing, new technology and more. Some franchisors will assist you in developing a business plan, in learning the best ways to hire and manage employees, and in managing your facility profitably.
You and your employees often get on-the-job training from your franchisor leading to a shorter learning curve. Plus you have the advantage of the franchisors operating procedures to jump start your business.
You have the history of your franchisor to lean on and to help you predict your own future growth. Your franchisor brings you a proven concept with products and services that have already sold successfully.
As a TAX DRx franchisee, you'll reap the personal and professional rewards found in offering customers a wide variety of innovative tax and accounting services and products designed to make their lives easier - and your life better than you ever imagined. We don’t necessarily want to be the biggest tax preparation company, we want to be the best, and we’ll achieve this by staying well versed on the tax law changes, continuing to embrace new technologies and improve the delivery and quality of our products and services to both the individual and small business markets.
