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5 Biggest Benefits of Owning a Creative Business Franchise

by Lindsay posted in Franchise Information • Jun 18, 2014 10:50:59 AM

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You’re creative.  You’re smart.  And you’ve been dreaming about opening your own business for years… but you just aren’t sure if it will live up to your expectations.

Take heart! According to a recent article in Entrepreneur Magazine, a study by the Wall Street Journal found that high-level corporate executives & independent small business owners agree on one thing … small business owners have a higher level of job quality & satisfaction.  

Great! But where do you begin? Starting from scratch can be daunting, especially in a creative industry, but the rewards are definitely worth the work. Instead of going it alone, consider joining an existing company. While most of us think of fast food chains when we think of franchising, the luxury market has it’s fair share as well. Franchising has come a long way in the last ten years, and many companies are committed to creating a franchise experience that is collaborative and supportive.

 

Here are 5 benefits of owning a creative franchise business:

 Support:

Most franchise companies offer intensive training and ongoing business support to their franchisees. You will have guidance on everything from site selection & lease support to training your staff and marketing your business. It’s part of what you are paying for when you buy in to their business model. In addition to the tangible training & business support, being part of a company that feeds your creative passions also has another benefit… emotional support. Owning your own business can be lonely when you face big decisions and challenges. Having a network of creative and successful business people around you will give you an added support system that is priceless.
 

Independence: 

Ok… we just told you that you are part of a larger community when you join a franchise.  So it may seem like a bait & switch to tell you that you will be independent.  Not so. The business is yours, and you have the freedom to make decisions that are crucial to your own success and financial future.  You also have the power to choose your co-workers and the way your team operates. What a wonderful position to be in! You set the stage and have a direct impact on your day to day interactions with clients, staff, vendors, and your community! The franchise system you join should be a solid foundation & framework that holds it all together, not a dictatorship. 

 Lifestyle:

Being your own boss has many rewards! Setting your own schedule, creating an asset for your family, designing your dream workspace… just to name a few. The truth is, it takes a lot of hard work and dedication.  The other truth is… if you set it up well, and have a great support system, you can take vacations, volunteer at your children’s schools, work from home when your children are sick, and participate in community events that are special to you. You set the expectation, and you are the master of your lifestyle and destiny!

 Personal growth:

Taking the leap to owning your own business is all about personal growth.  Believing in yourself and your ideas takes courage and vision. A collaborative and forward thinking franchise company will encourage you to grow creatively, personally, and professionally as well. They will give you access to a larger field of learning opportunities in areas as diverse as finance, marketing, business management, leadership, mentoring, creative certification, etc. to help you achieve success in life as well as business. 

 Financial rewards:

Ah ha! Here’s it is… The big question: Will I be able to make a living from it? While no one can guarantee profits and income from an independent business, joining a franchise system can give you a leg up. In the Franchise Disclosure Document (FDD) many companies include financial information from their existing stores.  This will give you insight into how well their business is run, and the potential profitability. Seeing how other franchisees are facing challenges in the marketplace, and having the support network at the Home Office will help you to navigate business challenges, and build a strong asset for the future.

 

Interested in learning more about owning a creative business franchise?  Not sure where to begin? Little Nest Portraits is currently opening franchise opportunities in select areas around the country.  We invite you to check out our website for more information about us.

Or contact me directly with any questions: lindsay@littlenestphoto.com

 

own a little nest