Like many others, you may find yourself questioning whether now is the right time to start a business. This is perfectly understandable given the current climate and the uncertainty in the air.
What do the statistics say?
Year to date, we have seen a 70% increase in enquiries from prospective business owners looking to join our franchise opportunities compared to 2019. Interestingly, the increase began just as we entered in to national lockdown. This poses the thought that many individuals were evaluating their options.
What are the common reasons for joining?
At ServiceMaster brands, we have welcomed several new franchise owners over the last nine months and the reasons for joining our franchise brands vary. One thing in common is that entrepreneurs are looking to be in business for themselves, but not by themselves.
Increased financial support
The recent situation has seen a rise in financial aid from the government and the government back start up loan scheme is proving to be popular. Decisions are made and paid out within eight weeks meaning that starting a business could be just around the corner and is much quicker than saving up before purchasing.
Franchising is one of the safest routes in to business because the brand is already established, the business model is proven and support is on hand all of the way through the journey. As such, the risk is much lower in joining a franchise, whenever you may choose to join.
Although there have been many changes and surprises throughout this year, one thing that has remained constant is our level of support to both existing and prospective business owners. Our franchise recruitment department has remained open to those exploring going in to business for themselves and not by themselves, with virtual training academies for those who wish to proceed.
If you would like to discuss our Rosemary Bookkeeping franchise opportunity, speak to a member of our franchise recruitment team on 0116 275 9005.