Many people dream of starting their own business. There are many perks to starting a business, from being the CEO, having the power to make all the decisions, and reaping the rewards from profits. But while the perks are tempting enough to draw thousands of people every year to start their own business, the downsides are just as considerable.
Starting Your Own Business Requires Taking On A Significant Amount Of Risk
Starting your own business requires taking on a significant amount of risk. Just like how much of the reward comes to you when you own a business, all the risk comes to you. It requires a very significant amount of initial investment and often means entering a crowded marketplace from the very bottom rung of the ladder.
Unless you have a completely unique idea, you will be competing with other companies who have a significant amount more experience, and likely more capital, and larger customer bases. According to data from the U.S Bureau of Labor and Statistics, 20% of small businesses fail within the first year, while 50% fail within the first 4. Starting a company all on your own requires a lot of capital for early-stage investment, a safety net in case of failure, and a massive time commitment.
This isn’t meant to discourage anyone from having an entrepreneurial spirit. It is just the reality. And that is why the alternative of franchising is much safer, and will still scratch your industrial itch. Franchising allows you to enter a business with a built-in brand, a safety net, and less of an initial investment. One such franchise is HoodGuyz.
Hood Guyz Is A Nationwide Brand
HoodGuyz is a nationwide brand that gives people looking to take control of their day-to-day careers a chance to build their own business. HoodGuyz is a commercial kitchen cleaning business that specializes in restaurant exhaust hood cleaning.
HoodGuyz offers franchisees unmatched support systems, with their sales-kick-start program, a low cost of entry with a strong financing program, and the ability to enter an industry with an established business model and brand. All this leads to high-profit margins, and an ability to expand a business.
Starting a new small business is a risky endeavor. Many try, not all succeed. There is a lot of overhead and a lot of stress that comes with it. But joining an established franchise, like HoodGuyz is a safer proposition, that still comes with many of the perks of starting your own business. HoodGuyz puts you in a position to succeed.