Did you know there are well over 750,000 franchise establishments in the United States? A quarter-million franchise businesses speak to the effectiveness of the franchise model and the many benefits it offers. But while millions of people shop at franchises, eat at franchises, and live near them, there are a number of myths or misconceptions about doing business as a franchisee that might discourage someone from opening a closet franchise. Let’s set the record straight and debunk three of them, here.
Franchises Are Too Expensive
Starting any small business, whether from scratch or as a franchisee, requires a financial investment. There’s simply no way around that. But what a lot of people don’t know is that when you invest in a Closet& Storage Concepts franchise, that money immediately buys you benefits you wouldn’t otherwise enjoy if you were to start from scratch.
Investing in a franchise business model like ours gives you access to corporate resources such as proprietary manuals, marketing professionals, and franchise advisors, not to mention the intangible, like brand recognition. Our initial franchise fee also guarantees you our training and support for as long as you’re a part of the brand family, making you better prepared for success. When you factor in everything your franchise investment gets you, it’s money well spent!
Franchises Are Too Restrictive
A common misconception about franchises is that you won’t be able to run things on your own. Actually, nothing could be further from the truth! While all franchise brands do have certain guidelines and procedures that franchisees must follow (it’s what takes so much of the guesswork out of running your business), the fact is, franchisors don’t want to be involved in the day-to-day operations of a franchisee’s location. Therefore, as part of the Closet& Storage Concepts franchise process, we look for ideal candidates who are suited to opening a closet franchise and who have the temperament and abilities to be their own boss. Letting our franchisees make important decisions on their own and run their businesses without interference is what contributes to the overall success of our brand.
Franchises Are Too Risky
Starting any small business carries with it a certain amount of risk. But franchises are statistically less risky endeavors because of all the work that has already gone into them by the franchisor. Bugs have been worked out, best practices have been put in place, and the business model acts as a sort of roadmap for the franchisee to follow. Of course, no brand can guarantee its franchisee’s ultimate success. But when you partner with a name like Closet & Storage Concepts, you’re capitalizing on our franchise experience. Having access to it and our resources takes a lot of the work and worry out of starting your business, freeing you up to focus on what matters most — growth and the satisfaction that comes with being your very own boss!
Don’t let the myths about owning a franchise business keep you from enjoying all its perks! Reach out today to find out more about a Closet& Storage Concepts franchise!