If you have an entrepreneurial spirit and are considering a new business venture, you may be weighing the pros and cons of becoming a small business owner versus becoming a franchisee. It’s important to do your research and enter into this decision armed with the knowledge you’ll need to make a decision that’s right for your goals.
Both small businesses and franchises allow you the opportunity to be your own boss, but there are many things you need to consider before you make a decision. It’s important to determine your preferences regarding the time you have to commit, how much money you have to invest, whether an established brand is important to you, and if support and training is valuable.
Flexibility of Schedule
With a small business startup, you have the freedom to set your own hours. For example, if you prefer the flexibility of working less during normal business hours and more on nights and weekends, you can design your business around that. However, many small business owners find that they put in more than 40 hours in a typical work week. As a franchise owner, hours are usually set by the parent company. Your schedule may have less flexibility, but the amount of training and support you receive as a franchisee makes up for this.
Training and Support
Starting up a small business from scratch can require a huge investment in time and money. You may have chosen to begin a business because you are already an expert in the industry, but the day-to-day operations of managing a business and ensuring that it’s successful require knowledge, expertise, and a bit of trial and error. As a franchisee, you’re starting out with a proven business model, and plenty of support and training from an established company with an established brand.
Products and Services
If you own a small business, every decision you make about the products and services you offer is your choice. As a franchisee, the parent company dictates the products and services you will offer, but with this comes the stability of an established business model with a brand, products, and services that have been proven to be effective.
If you’ve decided that becoming a franchisee is the best choice for you, we hope you’ll consider Ori’Zaba’s Scratch Mexican Grill. Ori’Zaba’s has all the ingredients for your success with an established brand and great franchisee support. Contact Ori’Zaba’s to learn more about our franchise opportunity.