Each one of us has wished to start or own a business at some moment in our lives. Becoming a business owner is in itself a feeling of accomplishment and success. But the process of starting your own business from scratch is not easy, and most people fail, which is a bitter truth. One can say a lack of experience, finance, or mistakes that can be avoided are major reasons for business failures. However, these are not the only reasons if we look closely. Businesses are difficult to develop, and taking them to the notion of success is a completely different side of the story. Then what will happen to the dream you have seen of “Becoming a business owner”? The answer is “Franchise.”
A franchise is a model of joining a league of a successful idea. It does not mean that success is guaranteed, as you still have to apply your business management skills correctly. It offers the support, marketing understanding, and most importantly, financial security that one really wishes to have in their beginning years. Now, looking from an outer perspective, the franchise business model seems very lucrative, but there is a catch: Choosing a franchise.
Now, choosing a franchise business model completely depends upon the one who wishes to embark on their business journey. It also depends upon the business field they are interested in, the finance and budget they have, the place, and their visions as well. One can choose a startup franchise that believes in vision and future. Or you can go with a business model that presents a legacy. Both franchise types have their own pros and cons; researching and understanding their business models will allow you to gain some insights and will definitely ease your decision.
Here we are sharing a few globally renowned businesses from diverse industries that offer their franchises globally and have revolutionized the whole industry:
- KFC: A well-known food franchise with a decades-long successful past, offering you the opportunity to join a legacy.
- Hampton by Hilton: One of the leading US-based hotel franchises that offers a unique business model for emerging business leaders.
- Taco Bell: For lovers of Mexican food and their sauces, Taco Bell brings an opportunity as a quick-service restaurant franchise.
- Dunkin’: With the slogan “America runs on Dunkin’,” it is a well-known restaurant chain that lights up your morning with a delicious breakfast.
- Anago Cleaning Master: Offering janitorial services to commercial establishments, it is a cleaning service provider in the US.
- AAMCO: An automotive repair center that provides its services throughout the country.
- The UPS Store: The services offered by The UPS Store include mail, parcel, packaging, and shipping services covering a wide range of service locations.
- Kitchen Tune-Up: A kitchen remodeling brand, making your kitchen advanced and best in class with almost four decades of experience.
- PuroClean: Offering fire and smoke prevention services, it covers all kinds of damage prevention.
- Century 21 Real Estate: A licensed real estate firm helping people buy and sell homes at the best prices.
