Five Reasons Young Entrepreneurs Are Choosing Franchising

Franchising has come a long way in Australia.

The initial success this sector enjoyed was due to popular North American fast food outlets making their way into the country. However, these days, franchising has progressed to a level where most industries are being catered for.

With the number of industries within the franchising sector, there is also a great deal of variety in the type of person who chooses to invest in a franchise.

With that, more and more young entrepreneurs are making the choice to become franchisees.

Here are just some of the reasons why.

Cutting Edge Opportunities

Franchises have pushed into every area of commerce, with dynamic ideas being developed into business plans that are reproducing success for entrepreneurs across Australia.

And if there is one thing that young entrepreneurs are, then it is dynamic. They are willing to think outside of the box and many of them are choosing franchises to do this.

One particular area where we are seeing a lot of this is in the internet and onlineindustry, where there are new franchise opportunities appearing most days.

Flexability

The working week has changed in almost every conceivable way over the past 20 years, with one key change being that more and more people want flexible working conditions.

Young people have young families and with this, many of them want to work from home.

There are many franchising options that not only allow this, but encourage it. Not only that, there is also an abundance of part-time franchising options that are proving popular.

Collaboration

In universities and high-schools across Australia, a key part of the education being provided is group projects.

Being just out of these institutions, many young people who pursue entrepreneurship are used to working in a collaborative style.

Franchises are the ultimate business collaboration, where an investor gets the tools they need from a franchisor to pursue business success.

No Experience Required

It’s obvious, but young people have spent less time in the workforce than their older counterparts, so therefore have less work experience.

Thankfully, there are many franchise systems that look at the potential of their franchisee, rather than they work they've already done, Also, many franchise systems provide full training.

It may be daunting to move into an area of business where you’ve never worked before, but the history of success for those without experience is far higher in the franchise industry than you would think.

Being Your Own Boss

Being your own boss is an attractive proposition for anyone, let alone someone who is just entering the workforce and has to work their way up through the ranks, before they'll be making key decisions in an independent business.

Franchising offers an alternative for some, with full training often provided for the businessperson who chooses this path.

For more information on franchising and a full list of options available, click here.