Every year, thousands of Americans invest in franchises as a gateway to business ownership, the Houston Chronicle writes. But a franchise requires a certain personality type and character traits that aren’t always matched with independent business ownership.
If investors are looking for a stable investment with relatively low risk, a franchise may be the best choice, the paper reports. Franchisees are encouraged to work within the already existing system - investors will not be required to try out new ideas or test innovative strategies.
Additionally, the most successful franchisees rely on the franchisor support staff and fellow franchisees for advice. A willingness to ask questions and admit when help is needed are key traits for team-building.
Franchises can be a path to financial independence and stability for many individuals. Franchising.com estimates that franchise businesses generate $2.3 trillion in sales in the U.S. each year.
The Liberty Tax Service franchise opportunity is #9 on the fastest growing franchises list of the 2010 Entrepreneur “Franchise 500.” Our tax franchise is an affordable and viable business choice. Each office provides thorough, computerized tax preparation coupled with superior customer service. For the best small business opportunity in the income tax franchise industry, choose Liberty!