To Franchise or Not to Franchise…That is the Question!
As you begin your journey to a new career path pursuing work-from-home opportunities, the question of whether or not to franchise may come up during your research. Here are four common considerations that accompany the franchise decision-making process.
Prior business experience is not necessary to be a successful franchisee. When you purchase a CruiseOne franchise, you are getting a “business in a box” and obtaining access to a corporate office that provides you with introductory training on how to run a successful home-based travel franchise, in addition to ongoing back-end support. Being part of a franchise system gives you all the tools you need to start your business immediately, and additional marketing and educational resources so you can thrive through the years. What resources does the franchisor offer which will exploit your skills, complement your passion and enable you to run a successful business?
Size of Franchisor
The size of a franchise is an important consideration because larger systems will have more established relationships in the industry and stability to stay in business for years. You don’t want to be just a number in a franchise system contributing to their bottom line. At CruiseOne you get the best of both worlds. CruiseOne is large enough to lead the industry and small enough to care about each individual franchisee. What is the ratio of franchise owners to the corporate staff who provide support?
A common misconception with franchising is that you have no flexibility in how to run your business. While there are a few guidelines to follow to protect brand integrity, many times with franchising you can choose how you want to operate. As a home-based travel franchise owner, you have the freedom to set your own business hours, hire associates, specialize in a certain product, market to a certain niche demographic, create your own business plan and much more. Does the franchisor encourage you to be an entrepreneur and provide flexibility to do so?
Owning a franchise is a large investment of time and money and it is not for everyone. Paying an initial start-up fee gives you ownership and the rights to a brand. This financial investment, no matter how big or small, encourages franchise owners to be profitable. In addition, as in any business venture, success does not happen overnight. As a franchise owner, you must be willing to put in the time to learn about your product and invest in tools to help you grow.
A few benefits of owning a home-based travel franchise such as CruiseOne is the low overhead start-up costs and the many discounts and financing options that are available. It is a common misconception that you have to spend a lot of money to make money. At CruiseOne, access to our award-winning technology programs and many of our marketing resources are included in the cost of your franchise, giving you a competitive advantage and the tools needed to jumpstart your new career at a low price tag. What resources does the franchisor provide to assist franchisees in growing their businesses year over year?
If you are ready to turn your passion for travel into profit; want to be in business for yourself, not by yourself; and have the funds and time to create a prosperous business, then franchising is the right business decision for you.