All Topics > Franchise > Why People Are Drawn to Franchising >

Why People Are Drawn to Franchising Michigan

One of the universal questions asked by anyone looking to join a franchise is, "Why are prospective franchisees attracted to a franchise?" The answer lies in the understanding of what motivates personal decisions, particularly a decision that involves a significant investment.

1. Local Companies

2. Why People Are Drawn to Franchising

3. FranChoice

4. Featured Local Company

1 . Local Companies

Thirty-One gifts
(989) 832-7813
1117 Corrine St
Midland, MI

Seniors Helping Seniors
616234-0190
1515 Michigan NE
Grand Rapids, MI

Ernst Law Firm, PLC
313-965-5555
645 Griswold, Suite 4100
Detroit, MI

Advantage Legal Services PC
800-964-4240
65 Cadillac Square, Suite 2201
Detroit, MI

Walter Metzen-Attorney
313-962-4656
Penobscot Bldg Suite 3156
Detroit, MI

Charles Skupin & Joseph Lucas
800-771-4811
155 W Congress
Detroit, MI

Gavette Larry
(616) 494-9919
210 Brook Lane Ave
Holland, MI

Economic Development Council
(517) 546-0822
Howell, MI

Viktor Incentives & Meetings
(734) 930-2042
2217 Packard St
Ann Arbor, MI

Jackson Business Development Center
(517) 787-0442
1 S Jackson Sq
Jackson, MI

2 . Why People Are Drawn to Franchising

Individuals are attracted to franchising for a number of reasons. Though these reasons vary from person to person, we’ve learned over the past twenty years that most people are attracted for one or more of the following general observations:

Control Issues. Many prospective franchisees are driven by the frustration they’ve felt in past employment situations where they didn’t have enough control of their work environment to influence results in the manner they desired. Perhaps they had a micro-managing boss, a parent corporation that wouldn’t listen, or something comparable. In any case, they are drawn to the idea of being their own boss, having the final say in relation to business decisions, and being able to accept either the credit or the responsibility for whatever outcome their business produces.

Economic Need. In the past 15 years, we’ve seen an increasing trend in large corporations to displace experienced managers in favor of less experienced (and therefore less expensive) workers. This dynamic has created a pool of experienced managers in the 45-60 year old age bracket who have found it quite difficult to gain employment comparable to what they had before. In many cases, they cannot afford to retire and need to create a replacement income for a period of time. More and more, these experienced managers are being attracted to franchising as a vehicle to accomplish this goal without the fear of having to go through another “down-sizing” again in the future.

Lifestyle Issues. Another major attraction for many prospective franchisees is related to lifestyle issues. We see a steady stream of potential investors who talk about their desire to reduce business travel, job related stress and the number of hours they work per week. They often also want to find businesses with down times at certain points in the year so they can take more time off with their families or for other leisure activities. The advantage of franchising for these people is that there are so many options to choose from they are undoubtedly able to find an opportunity that matches their desires.

Wealth Creation Goals. Many of our prospective franchisees have figured out that though their work efforts may be creating a significant amount of wealth, in most cases they are not sharing directly in the wealth they are creating. They will put in their forty plus years and then retire on whatever they’ve managed to save plus Social Security. Many investors are attracted to franchising because they understand that their efforts have the potential to create significant amounts of wealth and they will be the ones who own the wealth that is realized when it comes time to sell the business they’ve built.

Though there are other reasons that an individual might be attracted to any given franchise opportunity, one or more of these four reasons will almost always be present.

To further the self-examination necessary to make a decision, interested individuals needs to spend some time exploring their motivation for wanting to become a franchisee. If it is not possible to achieve whatever your goal is through a specific franchise it is best to determine that early in the process so you don’t waste time. A better, more informed decision will be the result.

3 . FranChoice

FranChoice helps future entrepreneurs realize the dream of owning their own business. FranChoice will help you find that perfect fit; matching up your interests, talents, and investment level with a strong franchise business. We provide this valuable service for free. Pre-screened, high quality franchise companies pay us a fee for referring qualified, prospective candidates.

From the beginning, FranChoice has been committed to its Mission Statement: "Helping People Realize Their Dreams." By developing a unique and thorough system of candidate qualification, consultant training and franchise selection, FranChoice has helped thousands of entrepreneurs find a great franchise.

C.E.O. – Jeff Elgin
President - Lori Kiser-Block
Year Founded – 2000
Years in Business – 7+
Location – Corporate offices are in Eden Prairie, MN (15 minutes outside of Minneapolis). Consultants are located all over the U.S.
Experience Level – Consultants have over 2000 years of combined experience.
Market Share & Industry Position - #1 Deal Closer, we are recognized as the Premier
Franchise Consulting Firm. We place 20% of all new Franchise Owners in the U.S.

4 . Featured Local Company

Thirty-One gifts

(989) 832-7813
1117 Corrine St
Midland, MI

Read more about Why People Are Drawn to Franchising

- Asking For Help Michigan

It is important to create support teams for your franchise from the beginning of your franchising career. This should start with your family. Be sure that you have the support of your family as you embark on such a great opportunity for you and your family. Read on and learn more about asking for help.

- Business Franchising Michigan
- Owning a Business Franchise Michigan
- Name Selection For Your Franchise Michigan
- Franchise Opportunities Michigan
- Part Time Franchisee Michigan
- Franchise Information Sources Michigan
- Franchising Skills Michigan
- Business Franchising Michigan
- Becoming a Successful Franchise Owner Michigan

Regional Articles

- Franchise Information Sources Michigan

I want to use a systematic process to evaluate franchise opportunities. What are the best sources of information I should examine to make sure I make a good decision about which franchise to select?

- Business Franchising Michigan
- Franchise Opportunities Michigan
- Part Time Franchisee Michigan
- Asking For Help Michigan
- Business Franchising Michigan
- Owning a Business Franchise Michigan
- Name Selection For Your Franchise Michigan
- Franchising Skills Michigan
- Becoming a Successful Franchise Owner Michigan

Related Local Event

The National Franchise & Business Opportunities Show-Detroit
Dates: 11/14/2009 - 11/15/2009
Location: Rock Financial Showplace, Novi
Novi, MI
View Details

Rate Article

Save to My Articles

Articles Insider

Advertising	Food & Beverage	Nightlife
Business Services	Franchise	Online Database
Career	Health	Pets
Cars	Holidays	Real Estate Resources
Computer Hardware	Home Appliances	Retail & Consumer Services
Construction	Home Electronics	Software
Education	Home Services	Technology
Entertainment	Industrial Goods & Services	Telecommunications
Environmental	Insurance	Trade Shows
Family	Internet	Travel
Fashion	Legal	Weddings
Financial Services	Miscellaneous	World History

Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History