Benefits of home-based franchise
Home based franchises are very popular these days and it’s easy to see why. When money is scare and banks are not lending any, franchises in the lower price category--€10,000 to €15,000—can be particularly attractive.
In this price range you’ll find most of the businesses that can be operated from home. There’s a broad range of opportunities available, in almost every industry, from cleaning franchises to home delivery operations, pet franchises, computer services, fitness and health franchises, home improvements, and children’s entertainment. Finding a franchise that suits you should be easy.
Apart from the initial fee coming within your budget (the price of other franchises might be €25,000 to €50,000) there are other benefits, too. Working out of your home means you avoid the costs of renting an office or shop Normally with this type of franchise you don’t need to hire staff, either, which adds up to low overheads and maximum profits.
You can choose what hours you want to work and enjoy a healthier work/life balance. There’s no daily commute, which reduces your fuel bills and wasted time. There’s no boss breathing down your neck, no pointless meetings or office politics to contend with, and no line management headaches. It means you can spend more time with your family.
Sounds idyllic? A low investment opportunity could be appealing in the current economic climate but, remember, the initial fee only gives you the right to operate the Franchisor’s brand in a protected territory. You’ll need additional funds – bankers call it working capital --to get your business off the ground. Even working from home you still need to put in the hours and a firm “hands on” commitment to owning, operating, and developing your own business.
By Tony Fitzpatrick,
Franchise Your Business,