3 Things That Break The Myth That Franchisees Do Not Have Freedom In Business Franchising industry has been rapidly expanding over the past few years, with many national and international players taking the industry by storm
This story originally appeared on Franchise India
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The franchise industry has become a money spinner, where passionate and dedicated entrepreneurs can achieve success while expanding their business.
Many new entrepreneurs believe that there is a lack of freedom in being a franchise business owner, which is a myth. While a franchisee usually has to stay bound by agreements, there are still many ways by which franchise business owners get to make their own choices.
Franchise owners enjoy the freedom to make a lot of independent decisions, enjoying constant support from the franchise. Owners can make their own choices, with a touch of guidance from experts who are familiar with the success mantra.
Despite being bound by franchise agreement, these business owners are still allowed to work freely, creating their own small business empire.
Setting your own schedule
Franchise business owners have the freedom to appoint someone in their place to run their business. While franchisors decide the working hour for the franchise owner, they can structure their timing accordingly.
A franchisee has the option to work full-time or hire employees to fill in the gap. Developing a management team is another option where they take over the owner completely, running the business for them.
You get to hire staffs
Franchising provides you with a freedom to choose your own staff, based upon the planned strategy. Whether you want to go alone or make it a family business, you are totally in charge of the hiring process. From staff payments to incentives, everything is decided by the owner.
Business owners are not bound to work with people who are hired by other parties, allowing them to establish their own franchise army. It is believed that the right staff decides the fate of the company in the long run.
Freedom of community involvement
Franchise owners have full support from the franchisors when it's about establishing a connection with the local community. Business owners generate goodwill and a strong brand image, as they strengthen relationship with the local community.
The article was originally published on Franchise India by Shahram Warsi.