“Owning a franchise allows you to go into business for yourself, but not by yourself.” A franchise provides franchisees (an individual owner/operator) with a certain level of independence where they can operate their business. A franchise provides an established product or service which may already enjoy widespread brand-name recognition. This gives the franchisee the benefits of a pre-sold customer base which would ordinarily takes years to establish
A franchise increases your chances of business success because you are associating with proven products and methods. Franchises may offer consumers the attraction of a certain level of quality and consistency because it is mandated by the franchise agreement.
Some experienced brokers come to a point in their careers, where you need to decide whether to brave it on your own, or continue working for a financial services provider.
With product knowledge and a good client base you will have a sound basis for starting your own business, but you are equally aware of the difficulties that start-ups face and the risks involved. Franchising is the perfect solution as this offers brokers to be their own boss and reap the awards of running their own business, while mitigating some of the risk.
By becoming a franchisee, you are backed by a major brand, giving your clients the peace of mind that the business is credible and provide sound financial advice and products.