Running franchises is like the cheat code to life: Why work for somebody else when you can be your own boss? And then again, why go through the grueling hard work and risk of building up a business from the ground up, when you can simply join ranks with an established brand already? It’s the best of both worlds!
But which industry is right for you? There are a wide variety of franchises available in this adaptable business model. You want the business with the right level of involvement for you. And you will want to pick a business that plays to your strengths. You have a surprising number of choices here, with a range of skills required to match any entrepreneur’s skillset. We’re going to look at a list of popular franchises and summarize them for you.
1. Are You Math-Inclined?
If you have a knack for crunching numbers and slinging spreadsheets, or have degrees in the field of math, accounting, or business arts, several options will play to your strengths. A tax preparer or business accounting franchise could be ideal. There are also several math/science/STEM tutoring agencies available when you sign up for an educational franchise to share your skills with others who want to learn.
2. Are You Physically Active?
The opportunities are wide open for fitness buffs, with several franchises in the gym and exercise class category. You can open your own pilates studio, or coach one-on-one with a fitness and wellness franchise. If you don’t particularly want to train others, there are plenty of franchises where your hustle will be appreciated, in the home & industrial moving/cleaning industry.
3. Are You Good With Tools?
The nuts and bolts of the franchise industry offerings include things like auto body repair and home remodeling services. These are ideal for the garage-dweller with an engineering bent and of course a full set-up of tools – though many franchises equip you with a basic kit anyway if the equipment is specialized.
4. Are You Good at Organization?
Quite a few franchises involve running a delivery-based retail store, delivering all ranges of consumer goods to the buyer’s door. While they may not be the first business you’d think of, you might do well at these if you’re a good project manager, because these businesses run on pure logistics. Just oversee the ordering, stocking, sales, packing, and delivery and keep it all running smoothly.
5. Are You Not a People Person?
The world is lovely for those chatty extroverts out there, brimming with social stimulation. But if your idea of a good workday is quietly interacting with machines, a vending machine franchise is perfect for you. These are some of the lucrative franchises to run in the right location, and once the machines are in place, all you have to do is restock them and collect the change. Perfect jobs for those night owls and lone wolves who want to go about their business unbothered.
6. Do You Have Creative Flair?
Perhaps you’re good in the kitchen? Food and kitchen franchises are of course a great option, and creative types do surprisingly well in this industry. That’s because the food industry is competitive with thin margins, so the advantage will come down to the passionate chef who includes that extra sprinkle of pesto on that alfredo. Apart from food franchises, there are some creative academy franchises for those who want to teach theater or other arts.
So there you have it, several different tips for picking the franchise where you’ll have a great chance to shine.
Published by Zane L.
