The numerous benefits of self-employment are often confronted by aspiring entrepreneurs with a large number of different risks that give rise to fears that can ultimately impede the decision to become self-employed. However, many of these fears are either unfounded or can be invalidated, for example in conjunction with a high-performance franchise system, as Engel & Völkers shows in the following article.
Security and investment height: justified fears?
One of the most frequently mentioned fears associated with self employment or franchise entrepreneurship is the low level of security in the new activity. Although no employment contract guarantees a permanent contract relationship in self-employment - an employee relationship is nowadays no guarantee of security due to bankruptcies, staff cuts or health restrictions either, which can reduce the fear of self-employment at this point.
In addition, aspiring entrepreneurs in many cases fear the amount of the initial investment. However, a well-founded business plan and disciplined compliance can, in most cases, predetermine when the company starts, at which point the company makes profit - so thorough groundwork can help ease fears.
Franchising to create a success in self-employment
Choosing a reputable franchisor can be the catalyst for business success for an emerging business. While the franchisee independently manages the essentials of the franchise business, such as the composition of the workforce, the work processes and local marketing, he draws on the established reputation, the proven corporate identity and the successful range of services offered by the franchisor. This way, the franchisor counteracts typical fears: The question of whether the offer is accepted, whether the company image prevails, and whether internal structures work, are answered by the franchise partnership itself, as many franchisees are already successfully after this functioning franchise concept. This way, franchising presents itself as the safest form of self-employment, while revealing lucrative return opportunities at the same time.
Engel & Völkers' real estate franchise has already outperformed the international market and boasts a prestigious brand, a service spirit and first-class franchisor support. Click here to find more information about our offers for franchisees - we are happy about your interest!