A new year is a fresh start, a new beginning and the perfect opportunity to take stock and make changes. These can be simple resolutions such as eating more healthily, exercising more or de-cluttering. Other resolutions are bigger with the decision to make a career change being one of the most popular. According to a survey by CareerBuilder, more than one in five workers (22 percent) were planning to change jobs in 2017.
There are many different reasons you could be looking to make a career change in 2018. Maybe you prefer being outdoors but you’re office-based or maybe you’re after more flexibility. Perhaps you’re looking to future-proof your career or want to have more control over your day-to-day routine. No matter what your reason for moving on perhaps it’s worth stepping outside your comfort zone and considering starting your own business.
Taking the step to launch your own business may seem daunting, however franchising can offer you the opportunity to become your own boss without many of the risks often associated with entrepreneurship.
We have previously talked about the benefits of franchising and this month seems like the perfect time to revisit them.
If starting your own business has been one of your dreams but you feel that you don’t have an original idea to contribute to the market, joining an established brand can allow you to fulfil your ambition and create your own job satisfaction. And to paraphrase a famous quote, if you enjoy what you do then you never have to work a day in your life.
Be part of a family
Running your own independent business can be lonely and sometimes you may need some feedback or someone to brainstorm with. Joining a franchise operation will provide you with head office support and give you access to a network of like-minded people from different backgrounds. Any franchisor worth their salt will provide their franchisees with communication platforms which will allow them to connect and discuss any day to day issues they may face.
Join a growing industry
The franchise industry currently contributes £15.1 billion to the UK economy and many customers choose to purchase from franchised outlets as they believe they are more likely to receive quality services or products. This increases the business’s likelihood of success and subsequently reduces the risk factor.
Rapid Return on investment
Investing into a franchise means that you’re buying into a tried and tested business model which has been streamlined by the franchisor in order to give you the opportunity to see a return on your investment much more quickly than is you were to start your own business from scratch and have to learn from your own mistakes.
Also, the advantage of franchising is that when you advertise a known brand name in your market, customers are more likely to recognise the brand name which can get the cash flowing faster.
Have more ‘me’ time
Aside from running a profitable business, as a business owner of franchise, you have the opportunity to achieve the work/life balance you want. You’ll still need to put in the hard work to build your client base and get your business off the ground and offer quality services or products on an ongoing basis, however being your own boss means you can be flexible about some of the hours you choose to work, which could allow you to have more ‘me’ time or to arrange your work around your family.
Whatever career route you decide to take next year, we want to wish you the best of luck with your New Year’s resolutions. Make 2018 one to remember!