Despite the fact that women entrepreneurs are on the upswing in India, the harsh reality is that they are badly outnumbered by men in the entrepreneurial sphere. Women make up only 14 percent of India’s entire entrepreneur base, according to statistics released by the Ministry of Statistics and Programme Implementation. There could be a variety of factors at play. For starters, becoming an entrepreneur isn’t easy. In the case of a woman, the difficulties are multiplied. Women have to jump through a lot of hoops to get their business off the ground, from socio-cultural barriers to problems getting finances to a lack of government backing. However, franchising can prove to be a brilliant option for aspiring women entrepreneurs who want to earn whacking profits. For sure they will get continuous guidance and support from their franchisor to run their franchise unit.
Commencing a franchise means to work in a true and tried business model that can bring you sure short success. For sure it can work wonders in the case of women entrepreneurs. Are you a woman who wants to start a franchise business? If yes, then it is advisable to start an education franchise. There are high chances you can flourish as an entrepreneur by setting up a franchise of an eminent brand. This article is especially written for budding women entrepreneurs who yearn to invest in a franchise. Read this article to know how investing in a franchise can benefit women.
Aspiring women entrepreneurs can enter into the world of franchise business. Here’s why:
No doubt, it is a bit hard to work in a franchise and make it successful. But, for women it can be the best option. Read the following points to know how franchising can be a lucrative option for emerging women entrepreneurs.
Predictable income and high success rate
Starting a business has its own set of challenges, and it’s frequently difficult to forecast how your business will turn out. Franchises have lower risk and volatility because they are based on tried-and-true business strategies. Furthermore, franchisors must provide all necessary information to franchisees regarding the firm and its success. They will also provide continuing assistance, training and coaching to guide you in the proper way. Compared to beginning a firm from the ground up, where you’ll have to figure everything out on your own, frequently at the expense of costly blunders. Thus, investing in a franchise can bring you regular and consistent income.
Flexibility to strike a balance
In today’s competitive business world, finding a job that provides financial security while also allowing you to manage work and family life is becoming increasingly difficult. However, most women prioritise their personal commitments and family responsibilities, which often entail raising a kid. That is why franchising is so well suited to the aspirations and aims of prospective female entrepreneurs. While no one can disagree that running a franchise takes a significant amount of time, it does allow franchisees to choose the working hours and growth rate that perfectly suits them and their circumstances. Therefore, working in a franchise is a suitable option for budding women entrepreneurs.
In the case of a franchise, obtaining bank business loans is considerably easier. That’s because it’s easier and less dangerous for them to fund an existing business with a proven success than it is to fund a completely new business. However, keep in mind that if you have a solid credit score or payback history to back you up, your chances of getting a business loan increase significantly. Also, your franchisor can help you to raise loans from a bank at a lower rate of interest.
Women today have more skills and are more goal-oriented than men. Also, women have repeatedly demonstrated that women are better at prioritising. Women work effectively with both the workers and the general public. They appreciate meeting new people and showing them how to accomplish things in the most efficient way possible. Furthermore, women are more likely to enjoy networking, which enables effective contact between franchisees and franchisors. These abilities are beneficial to the franchising industry. As a woman, you can become an ideal franchisee every franchisor is looking for. So, don’t step back if you have plans to become an entrepreneur by working in a franchise.
Benefits of support and training
Do you have the zeal to work as an entrepreneur but you don’t have enough knowledge to run it? If yes, then keep your worries aside. When you invest in a franchise, your franchisor will provide you initial and ongoing training. It is mandatory for every prospective franchisee to attend the training sessions. You can ask about your doubts from your franchisor. A good franchisor will always answer your queries with patience. Additionally, you can also present your ideas in front of your franchisor. Make sure you give creative and profitable ideas to your franchisor. If your ideas or strategies seem relevant to your franchisor, then he/she can implement it in the business.
No burden to devise business model
When you start working in a franchise, you adhere to the business model of the parent company. There is no need to devise a separate business model for your franchise unit. As a franchisee, you just need to walk on a path laid by your franchisor. However, you can share some business strategies with your franchisor. Also, you can implement some great plan to your franchise by taking permission from your franchisor.
Do what you love
Do you want to work in a field that interests you? You can choose a franchise from a wide range of industries, including education, health, fitness, and wellness. Also, you can choose to invest in a franchise of food, beauty and fashion. That’s what makes franchising so appealing! You can thrive in your career by working as an entrepreneur in a franchise unit. So, make sure you invest in a good fit franchise.
Are you eagerly looking for a profitable franchise opportunity? If yes, then choose to invest in a Coaching institute franchise. Work hard in your franchise and become an illustrious business woman.
For numerous reasons, women are drawn to franchising. Franchises provide structure and supervision as well as the potential to be your own boss and they are available in nearly every field. Women with solid business backgrounds who don’t want to take on the perils of starting their own firm can often find a franchise opportunity that meets their needs and investment level. Also, you can obtain support from the franchisor to increase their chances of success.