Dreaming of owning a business? Here are five signs that you should quit your job and buy a franchise. 

You have always wanted to own your own business

You’re thoroughly sick of working for the man, and are ready to be your own boss. Working for the shareholder only gets so rewarding, and you’re after that feel-good feeling in a job. You want to play a part in the decision making process and have a say in future plans.

You’re looking for buying power

Many small businesses fail because they don’t necessarily have access to network support in a franchise. A franchise network can provide a competitive edge in site selection, supply chain, and equipment. A franchisor can offer their expertise and connections to leverage these aspects of the business.

You don’t want to start a business from scratch

Sure, you want to own your own business, but the thought of starting from scratch isn’t ideal. The cost, the risk, and the uncertainty of going on your own is not what you had in mind. You don’t want to be so caught up in the day-to-day running of a business that you don’t have a chance to work on the bigger picture.

A franchise system can offer network support with operations, marketing, and in some cases, a coach to help you work on the business. A proven system is also plus in your eyes.

You want to own multiple businesses

The idea of operating more than one business is something you’ve always wanted, but double or more of the risk, cost, and uncertainty of starting from scratch is not what you’re up for. Many franchised brands encourage multi-unit franchising. And with the support of a strong franchise system behind you – why not?

You have a business plan

You have ambition, but not without reason. You have clear ideas about how you would structure a business and how that model would work. You’ve thoroughly considered the ins and outs of how each cog would function, and are ready to present it to business advisor.