As society continues to make progress towards a post-COVID lifestyle, for many it feels like the light at the end of the tunnel. With optimism brimming and a healthy economy on the horizon, those who have thought about owning their own home-based franchise business are exploring, more than ever, the array of benefits that come with owning a franchise. While the more obvious benefits of owning a franchise have not changed, such as setting your own work schedule and controlling your income potential, 2021 has spawned additional reasons for you to discover what the best franchise business is for your own unique situation. Prior to the pandemic, industry experts were predicting significant growth in the franchise industry. In fact, the International Franchise Association, in its early 2020 report, projected a 2.8% growth in franchise ownership in the U.S. by adding 232,000 jobs in 2020 alone. Although Covid-19 may have slowed this growth somewhat last year, there are some key reasons why many are deciding that now is the time to be a part of a franchise system. Here are just a few reasons why 2021 should be your year to realize the “American dream” of owning your own home-based franchise business:
Franchise business owners are backed by a franchisor for added support services.
The franchise owner is not alone when it comes to running a successful business. That’s because a successful franchisor has an established business model, structure, and support system in place for the franchise owner to follow and lean on. For example, with the franchisor, Home Franchise Concepts® (HFC), as your partner, you will have the backing of a dynamic, successful parent company that is a leader in the home services franchise industry. With 25 years of proven experience and six home service brands, HFC has established a solid track record of success. Resources that include 24/7 call center support, targeted marketing support, and established brand names and recognition help provide franchise owners with the tools and leadership they need to be successful.
In tough times, franchisees can rely on each other.
While many franchise businesses are “recession-proof” or at least recession-resistant, a downturn in the economy can be extremely challenging. That’s when the added support of an established and successful network of like-minded franchise owners come together in force to share best practices and business techniques. In essence, this is the power of a successful entrepreneurial network. As an example, Concrete Craft®, one of Home Franchise Concepts brands, is experiencing enormous growth during the pandemic, as homeowners spend more time in their homes and look for ways to beautify their home. This growth has been fueled, in part, from a collective resolve and the concerted collaborative efforts of like-minded Concrete Craft franchise owners. They share an unspoken brotherhood to help each other by sharing ideas and solutions to a variety of challenges and successes that they experience.
Franchisees benefit from their collective buying power, resulting in lower expenses.
The saying there is “strength in numbers” applies extremely well when it comes to franchise ownership. That’s because with a large number of franchisees, all franchise owners benefit from the power of volume purchasing for supplies, materials, and other essentials which are used on a daily basis. AdvantaClean®, is a good example of this often used business strategy. As a leading name in the remediation and restoration industry, and another trusted brand of HFC, many of the products and supplies used in this brand’s water and restoration franchise business are purchased at discounted, bulk rates. This savings helps reduce overhead and expenses, which in turn, leads to increased profits for the franchise owner.
National brand name recognition keeps you at the top of the list.
Being part of a national franchise means when times are tough your franchise company benefits as an established brand. Research shows successful brands are known for quality, professionalism, and consistency and that means consumers are more likely to rely on your company in a soft economy. One example of a well recognized and established franchise brand is Budget Blinds®. As the largest window covering franchise in North America, Budget Blinds has been offering custom blinds, shutters, shades, drapery, and more for both residential and commercial consumers for more than 25 years. They also continue to garner an array of industry accolades and awards, such as being ranked #1 as the top franchise in Home Services by Entrepreneur®. This brand power helps make Budget Blinds a top franchise business and one that will propel your business forward- in good times and not so good times.
Ongoing training keeps you and your team at the forefront of your industry.
When you own a franchise, you are not alone. Since there are other franchise owners, potentially hundreds more, who might be experiencing the same challenges as you, you can rest assured the franchisor has your specific issue covered. For example, with Tailored Living®, another home services brand of HFC, if you need help with marketing, product training and installation, or other aspects on running your business , the franchisor is there to guide you. Since 2006 Tailored Living franchise owners have been following a proven business model committed to creating thoughtful, well designed storage solutions for homeowners and commercial businesses. Robust, hands-on training programs and ongoing support from a team of industry experts with over 60 years of combined experience make Tailored Living and the other home service brands of Home Franchise Concepts an ideal career move for those with a “can do” and entrepreneurial mindset.
Now is your time- let’s get started!
Even with the challenges associated with COVID-19 as we progress toward a full recovery in 2021, franchising continues to represent a great business option by offering a set of outstanding benefits to new business owners. There’s no better time than now to start your new home-based business as a valued franchisee with HFC. Partnering with Home Franchise Concepts provides you with the support and backing of a successful company that is highly regarded and owned by JM Family Enterprises, and is consistently ranked on Fortune’s “100 best companies to work for” list. Take control of your future and get educated about franchising by selecting a company that is best for you and your family’s future. Call us today at 800-420-5374 or go online to Home Franchise Concepts and learn more about franchise ownership with a leading home service franchisor in North America. One of our franchise licensing advisors will be happy to answer any questions you have, and you’ll see why we like to say, “There’s no place like HFC™!”