Franchise expert Derek Cafferata shares why owning a franchise business is the ideal way to be your own boss.

The thought of being your own boss and running your own business is an attractive option for many people, especially in today’s economic climate. However, starting a business from scratch and financing, setting up, developing and managing every area of business is a daunting task.

Which is why many entrepreneurs turn to franchising to make the dream of becoming a business owner a reality. So, what benefits are there to owning a franchise business over creating a start-up? According to Derek Cafferata, there are three major advantages to owning a franchise business.

Strong Branding

“A good franchise comes with a well-known and respected name,” says Derek Cafferata, CEO and President of franchising experts All State Franchise Finders. “Usually nation-wide, this type of brand recognition only comes with a huge amount of time, effort and money, so it’s wise to take advantage of this.”

The majority of advertising and marketing is done out by the franchisor, carried out with knowledge, experience and a significant budget. This type of branding reach is very unlikely for a new start-up business to generate and continue on with.

Often, franchisors will provide marketing plans and advertising strategies to individual franchisees to help generate more customers in the local area, with some franchisors even offering their franchisees market analysis statistics, forecasts and budgets, all valuable information for a new business owner.

Training and Support

The entire concept of the franchise business model is that it is easily replicated. This means that there is tried and tested systems in place to run all aspects of the business from opening procedures and staff management to point-of-sale software.

“Franchisors understand that for their franchisees to succeed, they need to utilize the systems already in place,” says Derek. “Therefore, most franchises offer extensive training and support for new franchisees.”

And with a quality franchise, the training and support do not end. Those franchises that lead their competition are those that continually offer training and development for their franchisees, whether it be in management, business growth, product development or the latest in technology.

Easier Financing Options

“One of the most difficult things a new business owner faces is to fund his or her new venture,” says Derek. “Lenders do not like to take a risk, and most lenders will consider a start-up business as high risk.”

Heading to a lender with a strong, clear and realistic business plan goes a long way to helping secure the necessary funding to start a business. Heading to a lender with the backing and track record that a quality franchise can present adds significant weight to presenting the lender with something that offers less risk.

While buying a franchise may cost anywhere from tens of thousands up to hundreds of thousands of dollars, this cost buys what can be considered an all-in-one package. With buying a franchise you get a business that is ready to operate and earn profit the day it opens.

One other advantage of buying into the franchise business model as a new business owner is having access to quality lenders that offer good lending criteria, such as an SBA (Small Business Administration) Loan. The SBA set aside a certain amount of funding to franchising, making this the ideal option for financing a new franchise business.

All State Franchise Finders the Franchise Experts

No matter what stage you are at with becoming your own boss, the experts at All State Franchise Finders can offer the right advice and guidance. With more than 30 years’ experience in the franchising industry, Derek Cafferata and his team are ready to help you find the right franchise to make your dream of owning your own business a reality. Call All State Franchise Finders today on 1-800-544-2161 or visit allstateff.com now. All State Franchise Finders – Your Franchise Experts!