If a room filled with people were asked if they’d ever dreamt of owning their own business, the vast majority would likely raise their hands. It’s a fantastic dream: to escape the rat race, dance to your own business beat, making money for yourself rather than lining somebody else’s pockets… But starting your own business is not without a high element of risk and there are some stark facts that put many people off: it’s estimated that somewhere between 40-60% of startups fail in their first three years. Gulp. That’s not to be taken lightly.
Hiscox, the business insurance company, stated some of the following as reason why businesses fail:
- No proper business plan
- Lack of marketing strategy
- No competitor evaluation, and poor strategic management
It’s not all doom and gloom, however, and this is why franchising is a seriously viable option as it offers new business owners support in these vital key areas (the ‘safety net’).
Good franchisors already know how to operate successfully –Â and are aware of what marketing works, the areas in which to market, as well as who the competitors are (and, crucially, how to outperform them). In many cases, successful franchisors will have the right systems in place to do this automatically. The franchisor should also be involved in defining the franchisee’s business strategy to help ensure that everything is on track.
Time For You, with 23 years of experience, is very well positioned to reduce the risk of new business ownership. Our business tools include a cloud-based software that makes running a business so simple, our marketing is largely already done by way of an initial PPC campaign, then a solid on-going marketing programme year-on-year to help our franchisees have a structured route to success.
As we have 217 franchise owners across the UK, Ireland, Norway and Australia, we have a solid knowledge of what to measure to see how the business is performing. So rather than taking a risk, take a look at what our franchise opportunity could offer before taking a leap into the (very scary!) unknown.
Time For You offers a simple-to-run business, which can be run from home and at your convenience (school pick up? No problem!). On average, our franchisees earn £65,000 in profit per year whilst doing 16 hours a week. Plus, every franchise owner has their own defined, exclusive territory.
We’re so confident in the success of our franchise opportunities that we offer a unique, 100% money-back guarantee should it be needed.
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