Venturing out the traditional business will be risky. People may be hesitant of trying something they are not familiar with. But with our new generation of entrepreneurs will show you that there is nothing wrong in trying the new way of having a business. Getting a food franchise will not bring you down. Here are some reasons why more people are choosing food franchising as their business:
1. Food franchising already have their brand recognition. These already established food recognition and their name reputation. This is really important due to the fact that they already have their customers. It is an advantage if customers are familiar with your business brand; it only gives you a sure success. Customers trusts the brand, and these franchise businesses already done that for you, no need for you to do this because it will take a long time to earn trust from your customers.
2. Food business has a high rate of success compared to traditional business- there is 95% of success rate in a food franchising business, compared to traditional businesses only 20% of them survives in the first year of their business, almost 80% looses their business on its first year.
3. High profitability will be an assurance- in a food franchising business you can see how you earn usually within 2-3 months. Food franchising businesses already developed the right system in running and maintaining their business, they had formulated this system after so many trials and errors (you don’t need to take the risk of doing that anymore). Our new entrepreneurs that have been joining this hall of great businessmen had gone through trainings and seminar; learning from pool of great entrepreneurs.
4. Food enterprises has a strong company as its backbone, having a food venture is like leaning on a wall, you’re are sure that you are partnered with a company that is strong and capable of maintaining a good business. In this time, recession made a big impact to businesses all over the world, only strong companies remained, this is one good reason why people choose to have food franchise business; the assurance that their business will go towards the right directions.
This industry is continuously growing and it is showing a great numbers in terms of their success and revenues. High rates of success, convenience in running your business, partnership with great and experienced companies will really be an advantage of getting food franchising as your business. But you also have to be aware that there will be some companies that will take advantage of this great success. Just be vigilant in picking a food franchise business to protect yourself from illegal franchising operations.