If you’ve been thinking about running your own business, then you should give some serious consideration to investing in an established franchise. Investing in a franchise typically involves much less risk than trying to start your own business from the ground up. With a franchise, you’ll have the benefit of having an established brand, product or service, and customer base. Not to mention that most franchises will provide franchisees with all kinds of continual training and support—something you won’t get with a startup.
When it comes to figuring out what franchise you want to buy into, you’re going to find that there are thousands of franchises that you can invest in, which means you should narrow them down to a specific industry. One industry that has seen a lot of consistent growth and demands is the home improvement industry. The following are five examples of home improvement services that can be franchised that you could invest in:
The cleaning and stain removal business may be a small niche in the cleaning industry, but it’s one that experiences a lot of demand. More and more homeowners and business owners are looking for methods to clean floors and remove stains that are environmentally friendly and that don’t contain harsh chemicals that can pose potential health problems or cause damage to the environment. With a franchise, you’ll have access to an already established cleaning and stain removal product instead of having to create and market your own.
Replacing bathtubs is not only expensive, it also requires a lot of work. Bathtub reglazing and refinishing options have become an increasingly popular way to update the bathtub without having to replace it. This is a more sustainable option as well since homeowners and business owners won’t be contributing to the production of more bathtubs or the negative environmental effects caused by the transportation of new bathtubs. A bathtub reglazing franchise will have the product, method for applying the product and the marketing in place to allow you to hit the ground running.
Home remodeling franchises allow you to take advantage of a growing section of the home improvement industry without needing in-depth knowledge of the home renovation process. This is because a home renovation franchise will provide you with all the education and training you need. Not to mention that if you run your own company, you’ll end up having to pay more for materials than you would if you bought into a national brand. Established renovation companies can usually obtain substantial discounts on materials.
Landscaping is essential for both businesses and homes. Good landscaping not only helps improve the curb appeal of a property, which helps homeowners to sell their property more easily and helps business owners attract more customers, but it also improves the value, safety and security of their property as well.
Starting a landscape business on your own can be extremely challenging because of the design knowledge required. Not to mention that a lot of the work involving landscaping is specialized, such as lawn care, light installation, water feature installation and the construction of pathways and more. A franchise can help you hire the right people to work for you and give you proper managerial training to ensure everything goes smoothly.
As long as people own appliances, appliance repair services will be needed. However, if you plan on building your own appliance repair service from the ground up, you’ll have to have an in-depth knowledge about appliance repairs yourself. This may not be necessary if you invest in a franchise since this will allow you to focus more on the managerial side of things. You can hire experienced technicians and provide them with training through the franchise’s support and training programs instead.
If these five services interest you, then consider looking for franchises instead of attempting to build your own company from scratch. For example, there’s much less of a risk of failure when it comes to running a home renovation franchise than there will be if you attempt to start a home renovation business on your own.