As a result of the coronavirus pandemic, as many as one in four people in the UK are now working from home. The general consensus across many industries in the country is that the work-from-home model is likely to become a permanent fixture, long after the pandemic subsides.
By now, most of us who had previously worked in an office setting has adjusted to the work from home lifestyle. During the transition to working from home, many of us have considered whether our time spent toiling for someone else could be better spent establishing our own businesses and following our own dreams. However, the huge risk of going it alone seems to be enough to keep the majority logging in remotely for another day of working 9-5 from the laptop for the same meagre salary. If this sounds familiar, read on – the solution could be at hand.
Unlock your potential with a home based franchise
If you’re already working from home and consider yourself to be independent, creative and driven, the perfect opportunity could be staring you in the face in the form of one of many home based franchises.
A franchise involves operating your own business as part of an already-established brand. When you buy a franchise, you gain access to a tried and tested business model, complete with help and guidance from the franchisor and your fellow franchisees.
There are many home based franchises to choose from across a variety of industries, many of which are low cost franchises, including:
- Estate agency
- Insurance
- Vehicle Finance
- Web Design
- Health and Fitness
- Care
- Coaching and Consulting
- Information Technology
- Law
- Travel and Tourism
- eCommerce
- Education Franchises
Whatever your passion, skills and experience, you’ll almost certainly be able to find a work-from-home franchise which suits you.
The benefits of home based franchises
As a business structure, franchising while working from home is a hugely appealing option in 2021. Owning a franchise is a great choice for those looking to start their very own business, and here’s why:
You’ll own an established company
Home based franchises provide individuals with the advantage of operating under the umbrella of a readily-established brand. The ideas, operating techniques and tricks of the trade are already in place, and ready to be implemented by you at home.
Good working relationships are already secured
In business, building up trustworthy working relationships with suppliers and marketers is half the battle. With a franchise, these strong ties already exist, allowing you to access the marketing and purchasing clout of a national or international company without having to put the networking legwork in. In many respects, owning a franchise is like owning a shortcut to business success.
Franchises are less likely to fail
In business, there’s an old adage that the majority of new companies cease operating within five years of trading. Statistically, franchises are less likely to fail because franchise operators have access to a wealth of information, training and guidance which has been developed and tweaked over the years. Another old adage is “if it’s not broke, don’t fix it” – and that’s exactly what you get with a home-based franchise – an opportunity to emulate business tactics that are acknowledged to work time and time again.
Increased flexibility
While many of us were promised more flexibility when the work-from-home model was implemented throughout the UK, the truth is that we’re still chained to the same old routine. All that’s taken place is a change of scenery. If you want to escape the 9-5 mentality and enjoy more flexibility in your working life, a franchise could be the ideal opportunity for you. As your own boss, you’ll decide when you work, and if you need some time away from your screen, it’s entirely at your discretion. If you have to work around your kids then so be it. In fact here are some practical tips for working from home with children that can help structure your day.
Uncapped earning potential
If you’re tired of consistently achieving at work without seeing those achievements reflected in your salary, it could be time for you to start your own business. With home and internet franchises, you’ll get in what you put out – the sky’s the limit in terms of what you could earn. In the long-term, running your own business is more profitable than working for somebody else, and with so many franchise options currently available in the UK, taking the leap towards financial freedom has never been easier.
Job satisfaction
If you’re currently working in an industry you care little about, it’s likely that you won’t be particularly enthusiastic about your job. This can result in low morale and stress, both of which can contribute to poor health.
Life is too short to waste working in a sector you have no interest in – with a home-based franchise, you can harness your individual passion and turn it into an income. As your own boss, you’ll also reap the rewards of your own hard work, which can be incredibly satisfying.
If you like the idea of swapping your day job for an exciting role at the helm of your own business, then there a wide range of franchise opportunities and information out there to help you turn your dreams of independent working into a reality.