Opening an independent small business means it is sink or swim from the first day, and in the home renovation industry, more and more entrepreneurs are attempting to be successful by opening related businesses.
An alternative to starting a small business from scratch is to open a franchise with a proven business model like Granite and TREND Transformations. Franchises have many benefits that individual businesses do not, and here is why more and more entrepreneurs are opening franchises as opposed to independent small businesses.
Brand
Unlike your own startup business, franchises provide a recognizable brand. With an established brand that customers already know about, there is a far greater chance of making a profit. Brands like Granite and TREND Transformations are known for their unique product line made up of 32 eco-friendly materials like glass, seashells, and granite, as well as quick service. At TREND, we can complete projects in as little as a day, with little-to-no demolition. Customers continue to use Granite and TREND Transformations because they know they can trust us, and more entrepreneurs are joining the team to reap the benefits of opening a franchise.
Training
Being a business owner can be rewarding, but owning a business means you are on your own from the beginning. If a problem arises, or there is something you are unable to accomplish, there is no training or support to help. With franchises, especially well-known franchises such as Granite and TREND Transformations, there is ample training and support to help entrepreneurs with the ins and outs of the home renovation industry.
We have a one-week training program at our corporate office, and an additional two weeks of hands-on training so our franchisees are well-prepared to handle the growing home renovation industry. Our training has proven successful, as Granite and TREND Transformations is the #1 Home and Kitchen Renovations franchise, and #284 on the Franchise 500 list from Entrepreneur Magazine.
Benefit by Investing in a Franchise
With a well-known and respected brand, as well as training and support from the very beginning, and a proven business model, entrepreneurs are finding that investing in a franchise is a better option than opening a business from scratch. Having a team behind you with support and advice can make a huge difference in your business endeavors. Franchisors use their past knowledge and experience to strategically find territories that franchisees can flourish in, which is not always an option when opening a standalone business.
In addition, if your business were to open near a franchise, odds are the business would struggle due to the competition. More and more entrepreneurs are deciding to open franchises, and for good reason. If you would like more information about franchising to help with your decision, start by download our free e-book!