On this segment of Advice From the Pros, Leslie Kuban, franchise industry expert, and owner of FranNet Atlanta discusses the countless benefits that franchises bring to the table.
VIDEO TRANSCRIPTION:
I’m Leslie Kuban with FranNet. If you’re thinking about starting your own business, consider a franchising opportunity in your industry of interest. Instead of opening your own hair salon, consider a Great Clips. Instead of opening your own fitness studio, consider a brand, like Orangetheory. Franchising brings many benefits to the table, which is why franchise businesses, enjoy a much higher success rate, than independent local mom, and pop operations.
Benefits such as a well-known brand name that immediately brings customers to the door, a proven business system that helps you get up and running much faster than trying to figure everything out on your own, perhaps, an easier pathway to financing, to get the doors open. Ultimately, franchising reduces the risk for entrepreneurs to start their own business, while bringing many competitive advantages to the table at the same time. That’s my tip for today.
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