Home Improvement Business Opportunities: Is One Right for You?

If you're at a point in your life where it makes sense to start your own business, one opportunity you may be considering is a home improvement franchise. Not only does this type of business have a proven track record, but the home improvement industry is still on pace for even more growth. With increased demand for services like aging in place, the future looks quite bright for those that have the right system and resources to provide excellent service to customers.

One of the best ways to get the right system and resources is to purchase a franchise. By going this route, you will have access to so much that simply wouldn't be available if you were trying to start your own business from scratch. Since you may have quite a few questions about what exactly a franchise can do to help you succeed, let's take a look at some of the key reasons this type of business opportunity is so appealing:

Tilt the Odds in Your Favor

The majority of small businesses fail within just a few years. While some industries have higher failure rates than other, statistics show that getting a business up and running is an uphill battle. Even though a franchise doesn't eliminate the hard work that's required for a business to be successful, franchises are five times more likely than other types of small businesses to still be running after ten years.

Know Exactly What You're Committing To

Anyone who's starting a business on their own knows the importance of doing their research before they start making any investments. However, regardless of how much research you do for a non-franchise business, there's still no way to know with 100% certainty exactly how everything is going to go. With a franchise, you have much more certainty thanks to the amount of detailed information that franchisors are required to supply. From its audited financial statements to the phone numbers of current franchise owners, you'll have everything you could possibly need to know if this business opportunity is right for you.

Set Realistic Financial Expectations

While a lot of people who start their own business create a plan and a set of financial projections, those projections are usually nothing more than semi-educated guesses. Because there are so many variables at play, it's very hard to come up with anything accurate. What's nice about a franchise is because more detailed and relevant financial information is available, it becomes possible to calculate a far more accurate ROI.

A Layer of Protection

Because the franchisor will have already taken steps to develop HR policies and other procedures, having access to this documentation is very useful for avoiding common obstacles that other new businesses run into.

Find Out If House Doctors is the Franchise for You

Now that you've seen some of the key benefits of a franchise, if you're interested in entering the home improvement market, House Doctors may be the ideal opportunity for your skills and goals. To find out more, give us a call at 1-888-598-5297. Or contact us by clicking the button below: