Franchising a small business is one way to get your own business in operation and make a lot of money in short order.

For those who study things, there have been plenty of studies to show that franchising a small business is one of the most profitable ways to make some serious money running your own business.  It is a win-win situation.  You get all of the benefits of running your own business but you also cash in on the serious money making potential of having a well known and popular business name on the sign on the door that will bring in customers in droves.

The whole idea of owning your own business is you get to be the boss. You do that when you decide to make it big franchising a business.  You buy that franchise so in every way, it is your baby. You call the shots, decide on who works for you and take the big bags of money home at the end of the day. You do not work for the franchisee. The parent company is your partner in success.  You do have some responsibilities to the company who is helping you in franchising a business. But they stay out of your hair and let you run the show as long as you live up to the franchising agreements.

Franchising a business is serious business however so go into it with your eyes open. Take your time and sit down with a cup of coffee and review the franchising agreements so you know what you are getting into. These are serious contracts that could scare the socks off of you if you are not ready to enter into a grown up business partnership. But those franchising agreements are there to establish a very profitable business relationship between you and the company who is franchising the business.  You are a savvy operator if you digest them fully and even get some help from a franchise lawyer or consultant so you understand every paragraph, line and comma of those documents.

Serious business means serious money.

One of the biggest struggles of starting a business of your own is building a market and becoming well known to your customers.  When you go the route of franchising a business, those worries go out the window. The whole idea of franchising a business is you cash in on the success of a very profitable brand. Instead of going up against the big boys, you become a big boy and others have to go up against you.  That is a good feeling which gets better when the money starts rolling in.

There is nothing “pie in the sky” about the potential profits that are waiting to be had by franchising a business.  But do your homework. Make sure the franchise you are getting yourself into is the kind of business you would start anyway. You are going to work long hours and have to invest both money and sweat equity into franchising a business.  This is not the stuff of lazy people. So make sure it is the kind of business you love so you will enjoy every minute of building a hugely successful business that you can call your own.  If you do that, franchising a business will be a huge adventure. There will be a few dragons to fight but in the end, you will win and win big.