Buying a franchise versus starting your own business

Starting your own business is a big decision. The choice between buying a franchise or starting a small business from scratch is an even bigger one. If you have decided to start your own business, you obviously have weighed and accepted some degree of risk. But how much risk is too much risk? Both buying an established and branded franchise and starting a small business from scratch have pros and cons but the data shows that one has less risk and greater reward. If you have done your research then you already know that franchises have a higher overall success rate than startups. 

Buying a franchise

Buying a franchise like 2nd Family is the best way for you to maximize your income potential and quickly grow your business, all with a built-in support system and in most cases, a protected territory. A franchised business allows you to hit the ground running with a proven business model, established brand, and in-depth training to set you up for success. 

Buying a franchise versus starting your own business from the ground up does require a certain personality and an understanding of the limitations surrounding the things you can change. The best thing about buying a franchise is that all the foundational leg work is already done for you. The franchisor (us!), has all of the tested and proven procedures, operations, and policies already in place. 

More than all of that, buying a franchise versus a startup allows you to be your own boss and own your own business with the comfort of knowing you have a support system in place that is not only going to continuously answer any questions, listen to your concerns, and ease any qualms, they are also going to be your cheerleaders. You will also see how other franchises in our system are doing. You can communicate with each other and help each other overcome industry challenges and reach your individual goals. 

Which costs more?

Ultimately, buying a franchise versus starting your own business from the ground up is less expensive in the long run. Even with the monthly fees that come along with buying a franchise, you will be able to make money faster because we created the foundation of the business model for you. You will not need to search for the best software, phone system, automations, etc. and try them out which all have exorbitant costs, even with trial periods. You will be able to start making money right away if you are organized and dedicated.