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Why People Are Drawn to Franchising New Jersey

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

NiteLites of Central New Jersey Outdoor Lighting
908-221-1022
58 Katydid Drive
Branchburg, NJ

Franchise Coaching Systems
732-528-4385
11 A Chestnut Lane
Brielle, NJ

M F V Expositions
(201) 226-1130
210 E State Rt 4
Paramus, NJ

Maitremind Consulting Group
(908) 238-0404
300 Gano Rd
Asbury, NJ

Jersey Mikes Franchise System
(732) 223-1086
2251 Landmark Pl
Belmar, NJ

Retail Logistics Llc
(973) 628-8202
25 Continental Dr
Wayne, NJ

Franchises Unlimited Inc
(609) 859-8686
18 Log Rd
Tabernacle, NJ

Ivory Consulting Group
(732) 225-4093
450 Raritan Center Pkwy
Edison, NJ

Northeast Consulting Group
(908) 709-1600
11 Commerce Dr
Cranford, NJ

Oil Butler International Corp
(908) 687-3453
1599 US Highway 22 W
Union, NJ

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

Franchise Coaching Systems

732-528-4385
11 A Chestnut Lane
Brielle, NJ
http://www.FloSchell.com

Read more about Why People Are Drawn to Franchising

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- How to Evaluate a Franchise Training Program New Jersey
- Can I Qualify for a Franchise? New Jersey
- Franchise Growth New Jersey
- Analyzing Franchise Growth New Jersey
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Why People Are Drawn to Franchising New Jersey

1. Local Companies

2. Why People Are Drawn to Franchising

3. FranChoice

4. Featured Local Company