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One of the most popular types of franchises is franchises for families. Yet, while some people are immediately interested in supporting their community’s families, others shy away from the opportunity, unsure of what to expect.
If you’re considering starting a franchise that supports families, here are seven reasons to lean in even closer to these opportunities.
1. No Need to Reinvent the Wheel
One of the benefits of all franchises is the ability to plug and play. Franchisors have a set system to guide you through starting and growing your franchise.
Family-centered franchises offer a unique advantage. The concept of nurturing children is not new; families have been doing it for centuries. When you start a family-based franchise, you’re not just benefiting from a franchisor's systems but also from years of experience understanding how children learn and grow. This wealth of knowledge is a powerful tool that sets family-based franchises apart.
2. Plenty of Home-Based Opportunities
Not all family-based franchises require you to set up shop somewhere. Plenty of franchises allow you to work from home.
Working from home doesn’t require you to welcome children or families into your house, although that is certainly a possibility in certain businesses. Home-based opportunities can also mean conducting the administrative part of the franchise out of your home office and meeting with families face-to-face in your community. Look through the many family-based franchise options to find one that aligns with your preferred working style.
Hottest Children's Franchises
Mathnasium
Join one of the world’s fastest-growing franchises with a strong reputation as a brand dedicated to providing a service that parents rave about.
USA Ninja Challenge
Want to be part of an organization that develops kids' confidence, strength, and coordination, while also owning a business in the flourishing youth fitness industry? USA Ninja Challenge is a booming fitness program for kids and teens. Combining Fitness with Children’s Entertainment makes for one of the most exciting and unique youth fitness franchise opportunities in the industry!
3. Flexible Scheduling
There will never be a date or time when childcare isn’t needed. When choosing the right family-based franchise, consider when you want to work. Then, select your franchise around that desired schedule.
For example, starting a sports-based franchise for children might be the best choice if you want to work only in the evenings. Building a daycare or art franchise for children might be a better option if you only want to work in the morning hours. Look at the various types of franchises and choose one that aligns to your preferred working hours.
4. Brand Recognition
Families are deeply aware of where they send their children. Brand recognition instantly builds trust, credibility, and familiarity in your community. Without that, you’re working from ground zero to convince families that you can help their children in the way they want your help.
5. Get Going Faster
Every time children are involved in any business, there are a few extra steps. Extra liability, extra care, and extra due diligence are essential. Having the backing of a franchisor who knows what’s needed and has walked the process before with other franchisees can help you get what you need to get moving faster in your business.
6. Increased Resale Value
If you aim to resell your franchise someday or pass it along to other friends or family members, family-based franchises offer higher resale values. That means you are more likely to be rewarded for your hard work, as are those who inherit your business.
7. Faster Path to Profit
Ultimately, you start a business to build a profit. Family-based franchises hold a distinct opportunity for fast paths to profit because these services are always in demand. With fewer startup costs and infrastructure needed, franchisees can make their investment back quickly and see that return much faster than other
Franchises that directly serve families have distinct advantages. When going through this list, decide which advantages stand out the most to you and decide how you can grab ahold of them in your own franchising journey.
Hottest Children's Franchises
Mathnasium
Join one of the world’s fastest-growing franchises with a strong reputation as a brand dedicated to providing a service that parents rave about.
USA Ninja Challenge
Want to be part of an organization that develops kids' confidence, strength, and coordination, while also owning a business in the flourishing youth fitness industry? USA Ninja Challenge is a booming fitness program for kids and teens. Combining Fitness with Children’s Entertainment makes for one of the most exciting and unique youth fitness franchise opportunities in the industry!
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Kimberly Crossland is the founder of Roadpreneur and Cruisin' + Campfires, two companies designed to keep families together and living in freedom through travel and entrepreneurship. The goal of both businesses is to inspire meaningful change through the power of a strategic, thoughtful approach to life and business. In her free time, you can find her looking for a new adventure together with her two boys.