List Of Franchise Business Opportunities Available In The US

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Are Franchises Considered Small Businesses In the US Have you noticed that small businesses have skyrocketed recently? Now, establishing your own business has become immensely popular. All those who wished to have their own business have made their dreams come true through their small businesses. As easy as it sounds, small businesses take a lot of time and effort to reach a point where they are consistently generating profits. A popular way of establishing your brand is through a small business franchise. With the workings of a small business, franchising has made life easy for numerous people. They can be their boss while enjoying the additional benefits of being associated with a larger corporation. While some people enter the corporate world through 9-5 jobs, others prefer to open their small businesses and franchises. You may have wondered: Is there a difference between a Small Business and a Franchise? In this article, we will be discussing whether franchises may be considered small businesses in the US. Small Business A small business is generally defined as a privately owned corporation or company with a considerably small number of employees and draws much less revenue than larger companies and businesses. While small businesses do give the owner complete autonomy over their brand, a significant drawback is establishing the small business itself. While small businesses can take up to years to reach a point wherein, they generate steady and large-scale profits, a franchise does not take long to get to this point. Establishing yourself as a well-reputed brand can be immensely difficult with how competitive the market has become. This is why small business franchises are a great option! Franchise A franchise is an independently owned business wherein the franchisee has bought the right to distribute the products and services under an established brand name. The franchisee has access to the franchisor’s trademark trade name and a business model. While the owner has to comply with the rules and regulations of the franchisor, they can exhibit considerable freedom. A franchise is a great way to start your business since it has an already established brand image! Are franchises considered small businesses? While most people consider franchises a part of a bigger corporation, the opposite is true. A franchise is a locally owned small business with an established brand name and reputation. The franchisee has to pay royalties to the franchisor annually for its associations with the brand. If you are based in the US and are confused about whether franchises can be considered small businesses, we have good news for you! Since a franchise is an independently owned business and is regarded as small scale compared to its franchisor, franchises are categorized as small businesses. As aforementioned, franchise owners have considerable leeway overrunning their business. However, by associating themselves with a larger corporation, franchisees have to ensure that they uphold the values and standards of the franchisor. They must operate similarly to the larger corporation and maintain and uplift the brand’s reputation. On the plus side, a franchisee has control over the daily management of their small business franchise and their employees. Why should you consider getting a small business franchise?


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