Advantages

Advantages of Owning a Franchise


A Proven Business Strategy

Franchise opportunities let you go into business for yourself, but not by yourself. Compared to starting a business from scratch, that's a huge advantage. There is a higher likelihood of success since a proven business formula is in place. The products, services, and business operations have already been established and bankers usually look at successful franchise chains as having a lower risk of repayment default and are more likely to loan money based on that premise.

 

Brand and Name Recognition

Franchises also offer business owners the advantage of name recognition. Usually it takes years for startup businesses to establish their brand in the marketplace, and even then there is no guarantee that consumers will recognize them as a leader in their industry. The corporate image and brand awareness of franchises are already recognized. Consumers are generally more comfortable purchasing items they are familiar with and working with companies they know and trust.

 

Pre-established Supply Line

Establishing relationships with suppliers can be a challenge to new business owners. A lack of adequate supplies can cripple your operation’s ability to do business, killing any chance your business has to succeed. Franchises offer a reliable avenue for supplies to franchisees. Not only do they have pre-established relationships with suppliers, but many franchisors also sell supplies directly to their franchisees.

 

Training Programs and Support System

Franchise companies usually provide extensive training and support to their franchisees in effort to help them succeed. These training programs equip franchise owners and their employees to do their jobs efficiently and effectively. This is a big help for new business owners because company trainers often offer a more professional training program than the owner could if she were to do it on her own.

 

Many times products and services are advertised at a local and national level by the main franchise companies. This practice helps boost sales for all franchisees, but individual franchisees don't absorb the cost.

 If you are looking for experience, PGI is the right choice for your business.

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