Thursday, 16 September 2010 13:54
Last Updated on Tuesday, 28 September 2010 11:42
Written by HBBM
HBBM Franchising

Buying a franchise is thought of by many as a shortcut to success. Is there a franchise in your future? Then The Home Based Business Mall can help, we are affiliated with several proven Franchising that have partnered with us to bring their Franchise to you. Here are some of the reasons why so many budding and established entrepreneurs are turning to Franchising.
Advantages of Buying A Franchise
1)
Greater Success Rate - When you buy a franchise, you are buying an established concept that has been successful. Statistics show that franchisees stand a much better chance of success than people who start independent businesses; independent businesses stand a 70 to 80 percent chance of NOT surviving the first few critical years while franchisees have an 80 percent chance of surviving.
2)
Help with Start Up and Beyond - You get a lot of help starting your business and running it afterwards. Many franchises are, in fact, turnkey operations. When you buy a franchise, you get all the equipment, supplies and instruction or training needed to start the business. In many cases, you also get ongoing training, and help with management and marketing. Your franchise will reap the benefit of the parent company's national marketing campaigns, for instance.
3)
Buying Power - Your franchise will benefit from the collective buying power of the parent company as the franchisor can afford to buy in bulk and pass the savings along to franchisees. Inventory and supplies will cost less than if you were running an independent company.
4)
Star Power – Many well-known franchises have national brand-name recognition. Buying a franchise can be like buying a business with built-in customers.
5)
Profits - A franchise business can be immensely profitable.
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