If you’ve thought of becoming an entrepreneur, you already know there are many options out there, and several important aspects to take into consideration. It’s a big undertaking, and while it most certainly comes with risks, the rewards can last a lifetime. Before we jump into franchising benefits compared to starting your own business, let’s first break down the details to understand what a franchise actually is.
What Is a Franchise?
A franchise is a method of distributing products or services where a business allows entrepreneurs full access to their name, branding, systems, and resources in exchange for a royalty fee and other expenses. In return, the entrepreneur gains the right to conduct business under the franchisor’s name.
If you decide to ‘branch into franch,’ there are different options for getting started:
- Buying a franchise
- Starting a franchise from your existing business
Some examples of well-known franchises include:
- Dairy Queen
- Mr. Rooter® Plumbing
- Wing Zone
Benefits of Buying a Franchise
When you buy into a franchise, you’re joining a well-established network with proven operations already in place. You’ll understand when and how you can grow your business and won’t have to use guess-and-check methods for success.
You’ll also have a website and social media presence already in place, allowing you to focus solely on running your company.
There will be preventative measures in place for risks you’re taking in business. If mistakes happen, there are systems in place to recover, and resources for you to utilize when problem-solving.
Benefits of Starting Your Own Business
The exciting (and sometimes stressful) part of starting from scratch and building a business, is that you hold responsibility for everything. You’re in charge of establishing a name, creating a logo, obtaining proper licensing, and sourcing the products necessary for successful operations.
You’re also the decision-maker on marketing and advertising, and managing the company is entirely in your hands. Whether you use social media or design a professional website is up to you because you’re getting the chance to build your personal and professional reputation from the ground up.
That’s a lot to think about!
If you’ve concluded that you’re interested in franchising, here’s why you should consider joining our supportive network:
Benefits of Buying a STOP Restoration Franchise
With STOP Restoration, all the resources you could need to scale your operation at your pace are readily and easily available. We have over four decades of experience both helping property owners fully restore after damages and bringing entrepreneurs to their full potential through franchising.
Our franchisees join because of their passion for helping fellow community members. We provide:
- Water Damage Restoration
- Flood Restoration
- Mold Remediation
- Fire and Smoke Cleanup
We never expect our franchisees to dive directly into handling all our service offerings at once, which is why you can decide what to offer customers. Our franchisees commonly start with water and flood restoration, moving onto new services when they feel comfortable and ready.
Our franchise owners have control of their business operations.
We’ll provide you with world-class training on:
- Business Planning
- Industry Knowledge
Once you’ve completed initial training, we arrange supplemental education with industry-certified courses – online and in person.
We’re unlike other franchises in that training has been foundational since the beginning. Before we became STOP Restoration 40 years ago, we were in the business of consulting: Support Training Operations Processes. Our network loves to share knowledge that’s accumulated through the years.
To learn more about how you can take charge with STOP Restoration, visit our Steps to Ownershippage!