Franchising is a flourishing business model in the US. It contributes approximately $827 billion to the economy and employs more than 8 million people. Business enthusiasts can explore the best franchising opportunities to find a venture that excites them. Franchising helps one work with a proven concept while leveraging the franchisor’s established brand value.
However, many aspiring business owners get daunted by the expenses of starting a franchise. For them, a home-based franchise in the USA can be an excellent option to start a profitable venture with minimal set-up costs. Let’s break down everything you need to know about these franchises and how to set them up!
What Are Home-Based Franchises?
Home-based franchises are businesses run from your home or non-traditional mobile offices. These flexible business models allow franchisees to manage operations while reaping the benefits of a work-from-home lifestyle. You do not need a traditional brick-and-mortar storefront to serve customers and make a profit. Instead, you can operate these convenient franchise models from wherever you are.
Advantages of Home-Based Franchises
These work-from-home businesses provide incredible benefits to franchisees. These advantages are:
● Cost Savings: Traditional storefronts involve considerable costs to set up and run your business operations. You must bear rental or lease expenses, pay for utilities, and manage allied expenditures to run a store. On the other hand, home-based franchises are extremely economical. You can run them from the comfort of your home without incurring the set-up costs. Some home-based franchises do not require a physical office, further simplifying your business cost structure.
● Low-Risk Venture: A home-based franchise involves minimal capital outlays. As a result, the risks involved are quite low. You can gradually expand the business according to your risk appetite when you run a work-from-home venture.
● Lifestyle Benefits: When you buy a franchise in the USA, it must fit in with your lifestyle goals. A work-from-home business allows you to balance your career with personal priorities by ensuring flexibility and convenience. You can focus on your family life alongside business operations. At the same time, you can save valuable commute time and optimize your working hours according to your needs and preferences.
● Tax Benefits: Home-based franchise owners may leverage tax advantages on their assets. For example, you may be eligible for deductions on percentages of your property tax, utilities, mortgages, and insurance policies. These deductions will be applicable if your home is your place of business and these costs are qualified as business expenses.
Industries To Start Your Home-Based Franchise
You can start your home-based franchise in any industry that does not rely on store-based service. The following industries are excellent for starting a work-from-home venture.
● Online tutoring.
● Senior care services.
● Commercial and residential cleaning services.
● Management consulting services.
● Home services (gardening, lawn mowing, and more).
Examples of Home-Based Franchises in the US
There are numerous home-based franchise options in the US market. The following are some popular examples:
● Woofie’s- Petcare services.
● US Lawns- Commercial landscaping services.
● Bloomin’ Blinds- Blind repairs and installations.
● Joe Homebuyer- Real estate solutions.
● Freshcoat- Painting services.
You can explore more home-based franchise options by browsing a franchise directory in the US. Such a directory will help you stay on top of franchise news and expert tips about this thriving industry!
As to the flexibility of a franchise business opportunities, unlike a franchise opportunity which maintains tight controls and requires specific procedures to follow, business opportunities generally don’t have as many rules and guidelines.
So if you fancy yourself as being an “entrepreneur” in the purest sense of the word, you should take some time and explore business opportunities as a way to be your own boss.
