How Franchise Ownership Differs from Building a Business from Scratch
Entrepreneurs are often motivated by a desire to be their own boss and have control over their careers. There is a common misconception that the only way to do this is by going into business for yourself and starting an independent company from scratch. It’s not; Franchising is a terrific alternative that allows you the same business ownership and independence you crave while providing the training and support you need to hit the ground running. It’s in that light that we ask: why not consider investing in a spa franchise like Marilyn Monroe Spas?
Many prospective business owners forget the hurdles, uncertainties, and unpredictable factors that come into play when opening their own business. The benefit of franchising is that many of these obstacles have already been solved for you, and support is offered every step of the way. The luxury of settling into an established system, with support mechanisms in place, can’t be underestimated. An entrepreneur opening their own business in our industry has to deal with formulating their own business model, a higher investment, unpredictable returns, and the pitfalls that come with a lack of industry experience. When you open a Marilyn Monroe Spas franchise, however, these complications are significantly minimized.
A Proven Concept
When you invest in a spa franchise, you are investing in an established franchise system and business model that has worked for several franchisees before you. With a Marilyn Monroe Spa franchise, you don’t have to worry about your business idea’s viability, or whether the market exists for your services. We’ve been there before, identified the obstacles likely to stand in your way, and now give you the tools you need to help you overcome them. Our team will work with you to make sure you choose the best location for your franchise, are equipped to hit the ground running, and are in the best possible position to succeed.
No Industry Experience Needed
Due to the infrastructure that comes with many franchise opportunities and the support system that is often in place, extensive industry experience is not required to run a successful franchise. We provide our franchisees with a comprehensive training program, as well as strong marketing and business-operations support. It is very possible for someone with no industry experience to ease smoothly into their role as a franchisee. However, we do want our franchisees to have a thorough understanding of our mission, a passion for the spa industry, and a willingness to learn.
Smaller Financial Commitment
In contrast to starting a business from scratch where the financial boundaries aren’t clearly defined, when you invest in a franchise you know exactly what you’re getting. The franchise fee and royalty payments easily can be found on our franchise website, as well as a description of what that investment will yield.
Higher Success Rate
While there are countless entrepreneurs who achieve success by going into business for themselves, the risk is significantly higher. Since franchisees have the benefit of an established brand identity, customer base, and a training and support infrastructure, it’s no surprise that startups have a 50% failure rate, while franchises have a higher success rate.
If you’re ready to take the franchising leap with your own spa franchise, contact our franchise development team here.