Benefits of Franchise Ownership for Immigrants
Many people still regard ownership of a small business as the American Dream. Overwhelmingly, however, it is not the native-born population of the United States that is pursuing that dream but those who have chosen to make their home here. According to Entrepreneur Magazine in 2017, 27.5% of all new entrepreneurs in the United States were immigrants, an astonishing number when you consider that immigrants make up only 13.5% of the entire population. If you are an immigrant wishing to start a business, consider one of the many franchise opportunities that are available. Starting a franchise offers you a number of significant advantages.
Starting a new business has many challenges, one of which is establishing a strong brand. With a franchise, your business bears a name that people already know and trust. Rather than starting from scratch, you are joining a recognized brand. As a result, your chances of success are much better with a franchise rather than an entirely new business.
After completing your immigration, you may be eager to start your own business right away. However, you may feel overwhelmed by the process, which can vary significantly from what you are used to in your country of origin. Starting a franchise is much easier than starting an entirely new business. Not only that, but you are not alone in the process as you have both the franchisor and other franchisees to help you.
Franchisor Support and Training
In exchange for a portion of your profits, usually 10%, for royalty payments, the franchisor will provide you everything you need to start up your new business. This includes the necessary materials, company rules and regulations, and training for you and your new employees.
Pursuit of Your Passions
Starting a franchise allows you to pursue interests that are important to you. For example, if you have a passion for helping children, you could start an education franchise.
Giving Back to the Community
An education franchise in particular allows you to do something that will not only benefit children but also the community as a whole where you have made your new home. Well-educated communities tend to be healthier and wealthier, with more civic engagement and volunteerism.
Educators often find that they end up learning as much, or more, from their students as they end up teaching. There are rich, intangible rewards to be reaped from this reciprocal process.
Best in Class Education Center was itself founded by immigrants. Find out more about the potential benefits of ownership today.