Beginning a home-based franchise may sound like an easy-breezy way to open a business. It can cost as low as $5,000 in the beginning for a minimum-investment franchise,as opposed to the enormous amount you’d spend for a storefront. Being a franchisee, you can be an entrepreneur in almost any area that interests you,from cleaning to IT consulting and more. You can take advantage of all the brand recognition and proven marketing strategies of a known business without leaving your own home.
Seem simple? Maybe not. Truth is, starting an at-home franchise can leave you tangled in a complex corporate contract and responsible for far more than you wanted. Getting a franchise is an investment after all, and to for such to succeed, you must research well and buy wisely, especially considering that you’re bringing this business home.
Whatever the case, this is probably a life-changing decision for you. It’s illogical to open a business halfheartedly all because it’s home-based. Ultimately, franchising is designed for success. Just look for the brand that fits you and your home like a glove.
The most critical point to consider here – even prior to checking out franchises – is whether or not you can work effectively at home. Bear in mind that working from home is still work in every sense, and it won’t straightaway come with the freedom you might seek.
Most franchisees attest it’s well worth it, but it requires as good amount of hard work. If you get sidetracked so easily – kids, Facebook, and other home distractions – then a home office may not be your best option.
Bear in mind that this is full-time, and you probably need to work long hours. Don’t expect your home-based business to expand if you consider it as no more than a side project. In fact, you can’t expect any type of business to grow with that kind of mindset.
So before you actually start, ask yourself if you’re comfortable with the long hours. Are you even being realistic? Can you work alone? Does your home have room for your office? Do you have the resources needed for your start-up costs?
If you’re ready for all these things, then proceed and explore your franchise options. You need something you’re passionate about , but do check whether your home is zoned or not for the type of business you want. Besides, you’re likely going to stick with a business that you completely enjoy. When you’ve done that, visit various reputable websites that you can scan for different opportunities in your preferred industry.