Are you tired of working for someone else? Maybe your boss doesn’t appreciate you, or you work hours that keep you from your family, or you feel like your income is insufficient. Whatever your reason is for wanting to work for yourself, there are innumerable perks of being your own boss.
Working in a traditional or corporate setting is not for everyone for a host of reasons, but chief among them is job security. Being subject to downsizing, outsourcing, and layoffs can be a big source of stress in your life. As a business owner, you will always know the state of your company, giving you job security that you can rarely find elsewhere.
When you own your own business, there are plenty of factors you will not be able to control. Things like the economy fluctuate with or without you, but you remain in control of your company’s direction, operations, and any executive decisions that may have an impact on your life and your family in the long run. Compare this to working for someone else, where you can only exercise control over your specific job.
When you work for someone else, collecting a paycheck each week, there is a cap on how much you can earn. This is especially true if you are working for an hourly wage, as there is a finite number of hours in a week and your pay rate can only go so high. When you own your own business, the opposite is true: your earnings are limited by how hard you work and your proficiency in growing your business.
What are some of the most common reasons that people quit their jobs? Bad relationships with their bosses, poor recognition for work, boring work, relationships with their coworkers. In other words, company culture is a huge factor in why people are dissatisfied with their jobs. When you are the boss, YOU decide the company culture. You make relationships with your employees, you choose the work you do, you recognize important achievements. You can create the company culture that you have always wanted.
Although 57% of Americans would rather own their own businesses than work for someone else, not many people consider investing in a franchise as a path to business ownership. Franchising can be a great path to business ownership if you choose a brand that allows you flexibility and freedom to make the life that you want.
Franchising gives you the tools you need to start a business, without dealing with many of the struggles of an entrepreneur. For one thing, a franchise has already proven that its business model works by opening in markets in diverse locations. That saves you the time and headache of creating a complicated business plan, complete with products/services.
Before you start your own business, make sure to take a serious look at investing in franchising.
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