Why You Should Buy A Franchise Instead of Starting Your Own

Please read the article below for tips on the plus side of buying a franchise rather than starting your own from scratch. 

Image Source: Pixabay.com

 

Most people don’t tend to have the natural ability or expertise to be efficient at all aspects of running a successful business. That’s where it becomes important for a franchisor’s experience to come into play.

When you buy into an established franchise system, the franchisor offers a structure for launching, operating and growing a business.

The franchise organization model offers the franchisee the ability to grow under a specific brand and share in the benefits of a larger franchise network. Though each business is independently owned and managed, all franchisees share in the collaborative benefits of the company through the support and oversight of the corporate office. These benefits include:

  • Owning your own business and making day-to-day decisions yourself, guided by the experience of a successful  business enterprise.
  • The ability to sell your services to markets that company-owned outlets have difficulty serving because of higher operational costs and lower motivation of employees in company-owned outlets.
  • The benefit of recognized and proven service marks, trademarks, proprietary information, patents and/or designs.
  • Training from successful business operators.
  • A lower risk of failure and/or loss of investments than if you were to start your own business from scratch.
  • Operational support from the franchisor, both before and after launching your business venture, in areas such as financing, accounting, employee training and operational procedures.
From the franchisor’s prospective, this collaboration:
  • Offers the franchisor a method of rapid expansion.
  • Spreads the brand awareness over a large network of franchise owners.
  • Allows the franchise owner community to grow due to a duplicable system and support.
  • Features increased buying power for goods and services due to higher volume with suppliers.
  • Enables new products and services to be developed in the field with more testing and input.
  • Provides a steady cash flow to the franchisor to facilitate overall growth of the system.
  • Can fund the brand recognition effort to grow nationally and globally.
Franchising offers a better chance to succeed
According to studies on the economic impact of franchisees, franchise businesses account for approximately 9 percent of nonfarm private output in the United States. Government research has indicated that the success rate for franchise-owned endeavors is significantly between than the rate of non-franchise owned small businesses. 
 
The three common elements that individuals seek when choosing a franchise include flexibility, money and status. They are important for a variety of reasons. The flexibility for entrepreneurs who exchange the stability of a “real job” for the freedom that comes with being their own boss is key. Money is always a factor but a lot of the time isn’t the most important. Status is a category that includes not only titles and position, but more important, the feeling of purpose one has and being a part of something significant.
 
All in all, owning a franchise can provide you with all three of these elements!
For more information regarding becoming a franchisee with High Touch High Tech, please visit our website: https://sciencemadefunfranchise.net/index.cfm

 

Here We Grow Again: New HTHT Franchise Announced in Doha, Qatar!

High Touch High Tech is happy to announce a new addition to our ever-growing, global science family! The NEW HTHT franchise will be opening in 2014 in Doha, Qatar.  

Four million kids annually participate in High Touch High Tech programs. Every day, every hour, somewhere in the world, there is a High Touch High Tech program currently happening.  As the leader in innovative hands-on science & nature experiences, we have created a community of young learners keen on rolling up their sleeves, fueling their imagination, sparking their curiosity, and doing REAL science. 

We are thrilled to be expanding into Qatar & are looking forward to bringing our signature hands-on science experiences to children in this new part of the world.  From the United States of America to the corners of Canada to the coasts of South Korea, the new HTHT of Qatar joins our outstanding family of existing franchisees serving 27 locations across the globe! 


To learn more about the HTHT franchise system & the current business opportunities

with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.


Franchising and Entrepreneurial Veterans

According to the International Franchise Association’s 2012 Veterans in Franchising Study, the industry has given more than 64,000 vets, military spouses and wounded warriors job opportunities in the past year. Also 4,314 new veteran franchise owners entered the industry since 2011, and were 30% more likely to have hired a veteran than a non-veteran owned franchise.

Just like in their service, veterans are looking out for one another once they arrive home. These veterans may vary by rank, military branch, and background, but they all share the same entrepreneurial drive to provide a good life for their families, create jobs, and to treat customers with respect and integrity

Why are veterans successful in franchising?
• Veterans come back with strong leadership skills and a thorough understanding of teams. Military experience includes leading people, improving processes, and accomplishing the mission. Just like in the military, in franchising, the mission is accomplished by the team.

• Franchises run on systems. Implementing systems and following procedures with precision, emphasized in military training, leads to success in franchising.

• Franchises provide training. Veterans are trained and taught very specific skills to be used to carry out very specific tasks. Franchises have comprehensive training and support built into their opportunities. This means a veteran can enter into a completely new field, follow the franchisor’s proven business model, and receive the training, guidance, and support a new business owner needs to succeed.

• Franchises offer support. In franchising, veterans are business “for” themselves, but not “by” themselves.

General Franchisee Demographics
• Business Tenure – The majority (52%) of franchisees surveyed have owned their business more than five years. 25% have been in business over ten years. 20% have owned their business less than two years.

• Units of Operation – 75% of franchisees surveyed indicated that they were single-unit operators.

• Geographic Distribution – Of franchisees surveyed, 17% were from the Northeast, 26% from the Midwest, 35% from the South, and 22% from the western US.

• Market Size – Of franchisees surveyed, 40% were based in small markets (under 100K population), 24% were in medium-size markets (100K – 250K population), 14% were from large markets (250K – 500K population), and 22% from major metro areas (500K+ population).

• Gender – Of franchisees surveyed, 72% are male and 28% are female.

• Age – The majority of franchisees surveyed (61%) are between the ages of 45 – 64 years old. Median age is approximately 50 years old.

• Ethnicity – Of franchisees surveyed, 77% indicated that they are Caucasian, 11% Asian, 4% Hispanic, 2% African American, and 7% Other.

• Education – 60% of franchisees surveyed indicated that they held a bachelor’s degree or advanced degree.

Satisfaction among veteran franchise owners is higher across the board as compared to industry benchmarks. Veteran franchise business owners have a higher rate of satisfaction regarding franchisor performance than the average franchise business owner, especially in the following categories:
Marketing & Promotional Programs (12% higher)
• Effective Use of Technology (11% higher)
• System-wide Communications (9% higher)
• Training and Support (8% higher)

Overall, veteran franchise business owners express higher levels of enjoyment in franchising than their non-veteran peers. Four out of five veterans…
• Enjoy operating their franchise business (83%)
• Enjoy being part of their franchise organization (81%)
• Would recommend their franchise to others (79%)

High Touch High Tech proudly supports those who have served in the United States Armed Forces. In honor of these service men and women, we offer a franchise fee discount of 15% for all veterans.

To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

 

A Fork in the Road

 Changing careers is inherently risky, and the transition from a stable position to an entrepreneurial venture is especially hazardous. For those determined to ditch the 9 to 5 and start a business in a field they’re passionate about, there are ways to make the move more of a calculated risk than a blind leap. It is really important to find a business opportunity that gives you joy and one that you are passionate about. Many people at this stage take a look at franchise opportunities. Check out the mission statements of those franchise opportunities you think you might be interested in.

High Touch High Tech – Science Made Fun Mission Statement

“All of us have the psychological attitudes and behaviors and capacity to set goals and attain them,” says Stephen Goldbart, clinical psychologist and co-author of Affluence Intelligence: Earn More, Worry Less, and Live a Happy and Balanced Life. However, he says, most people “don’t have a really good method to implement their plan.” A franchise is the perfect opportunity for people who may not have a firm plan. A franchise provides a road map to success. It allows you to be in business for yourself, but not by yourself. The franchisor should provide you with a game plan. The plan will include a business plan and marketing plan. These easy to follow steps will turn even the most scattered people into an organized, focused entrepreneur.

High Touch High Tech – Science Made Fun Marketing Plan

Pattie Rydlun, a Boston-based career-transition expert, stresses crunching the numbers before embarking on your new path. “Passion doesn’t make money,” she says. “[You need to determine] if it is something you can monetize.” In other words, ask yourself if this idea can make money? Ask yourself if you have the qualifications to make this idea come to fruition?

High Touch High Tech – Science Made Fun Franchise Qualifications

Once you have a goal in mind, research the market and potential competition and, most importantly, conduct a thorough break-even analysis. “The break-even analysis, if it’s done right, will be very clear about when you can expect to make a profit,” Rydlun says. “I would make that my determining factor [for when to leave my current job] and certainly not give any notice until I can see the realization of that break-even analysis.”
A solid business plan, vetted by at least two people with industry experience, is key. It should be “one that anyone can understand and that looks at the opportunities and the risks,” Goldbart says. He adds that another important step is an honest appraisal of your skills, determining “what are your strengths, what are your vulnerabilities and how [you can] leverage your strengths and either delegate your vulnerabilities or find ways to increase those areas so you will be stronger in them.”

A knowledge of the industry you are passionate about, and a clear pathway to achieve these goals by the franchisor is very important.

High Touch High Tech – Science Made Fun Business Opportunities & Demand 


 

To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

Choose Franchising!

Buying a franchise is a really good way to start your own business. You can avoid much of the work that goes into starting a business from scratch. You also have the advantage of following a blueprint, which is a proven business model. The first step though, is obviously choosing the right franchise.

Why High Touch High Tech?

When choosing the right franchise, keep your options open. Don’t just focus on one or two concepts. Having an open mind will help you to locate that hot, new concept. Also, talk to leaders from existing franchises. Getting feedback from people who have successful franchises will be beneficial.

Meet Our Franchisees

 

If you already have an idea in mind about a particular franchise, contact the business and get information about it.

 


Steps to Ownership

 

Review the franchisor’s website and any other material provided. Read their Franchise Disclosure Document at least twice. You can learn about the franchise’s history, training and marketing programs, plus any costs that you may incur. By reading the Franchise Disclosure Document, you can easily tell if the franchise is a correct fit for you. You should also be honest with yourself.  Assess your skills, interests and experiences.
Think about how much money you can invest and how much money you plan to make in this venture. If you make a list of your strengths and weaknesses, you can create a strategy and model for your research.

 

To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

High Touch High Tech Launches New Website

High Touch High Tech – Science Made Fun is thrilled to announce the launch of our new website, ScienceMadeFunFranchise.net

This new website raises the bar for franchise sales and provides prospective franchisees with the information they need to make the difficult decisions associated with purchasing a franchise.

Our team has spent many hours and worked extremely hard on this new website to deliver information that is genuine, empowering and insightful. From the story of our beginnings to our technological advances in franchise support, ScienceMadeFunFranchise.net explains the in’s and out’s of becoming a High Touch High Tech franchisee.

Visitors to the site will notice the evolution of our brand image to include softer colors, larger images, greater interactivity and easier access to get started with their own franchise.

“We wanted to convey that our brand is both fun and educational by including science icons, photo images of children engaged in our programs and appeal to prospective franchisees on a more personal level.”
Dan Shaw, President & CEO, High Touch Investment Corp

We are eager to grow our brand and extend our reach to all corners of the world. We get one step closer to achieving that goal with the introduction of each new franchise location.

We invite you to learn more about our franchise opportunities by visiting ScienceMadeFunFranchise.net

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually in 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.