Generic benefits and disadvantages of joining a franchise business

ADVANTAGES

Joining a franchise may mean sacrificing an individual identity, but the benefits gained from this far exceed the loss. Franchises bring legal and real-estate aid, financing, insurance benefits and perhaps the most enticing of all benefits, branding. Benefits of belonging to a franchise include:

• Legal and real estate aid. Often times when joining a franchise, help is available when selecting a site, negotiating the lease and constructing and marketing the new business. All of these things make it possible for the franchisee to concentrate on running their business while someone else takes care of the technicalities.
• Financing. Financing is often available from the franchisor.
• Insurance benefits. It can be difficult for an individual small business to get competitively priced insurance. The multi-unit structure of a franchise gives it a much more powerful bargaining position. Favourable rates for insurance are often offered to the franchisee and their staff.
• Branding. A brand quickly tells a customer what to expect from a company. It tells the mission of the company provides instant credibility to a new business and communicates the highest quality service available throughout the nation.
• Training. In order to maintain the brand, franchises offer a range of training programs. These programs foster relationships between franchisees and other seasoned professionals, making the transition into business ownership successful.
• Marketing support. Marketing support helps the franchisee maximize success when opening the new business. Most franchises provide ready-to-use internal and external marketing materials.

DISADVANTAGES

Franchising is not for everyone:

• Independence. If being completely independent and making every decision alone is a preference, then franchising may not be the right option. When you enter a franchise, you agree to certain decision-making guidelines.
• Individual identity. Belonging to a franchise means that you will give up a certain amount of individual identity. Your name will not be associated with the franchise and you will need to work within a team environment.
• The potential franchisee should adequately research the prospective franchise and know how to evaluate it. The proven business systems that come with a franchise can give a new business owner a roadmap to success.
  

Advantages of joining the OzSpy franchise system

• Up to $80,000.00 in-house finance (To approved applicants, conditions apply)
• Six months’ income guarantee (conditions apply)
• Buying into a successful operating business established since 1998 means experience in the industry selling products that people want and have trouble finding elsewhere.
• Security is a worldwide growth industry because of increased uncertainty in the world due to increasing crime and world terrorism, social breakdown and increasing insurance premiums.
• OzSpy has a large existing client base and does wholesaling, trade retail and institutional sales.
• The surveillance industry is constantly changing, with technology improving all the time. Oz Spy ensures that it stays at the cutting edge of technology.
• Franchises enjoy a greater success rate than independent small businesses, and it is easier to gain capital finance for a franchise.
• OzSpy already has a well-established brand name, a market presence and a successful commercial website.
• OzSpy continues to advertise in magazines, newsprint and other media, providing leads to Franchisees from the 1300 call diversion number and the OzSpy website.
• Franchises are safer in uncertain economic times.
• OzSpy provides excellent training and ongoing support to Franchisees.
• Franchise development is at the for front of OzSpy’s growth and strategies