The Benefits of a Home-Based Franchise

Home Based Franchises

Your Guide to Franchise Ownership

There is an estimated 775,000 franchise establishments in the U.S., and that number continues to grow. Why? Because the franchise model works! By leveraging a proven system, support and training, you can step right into a franchise business much more seamlessly than starting from scratch. But you have to do your due diligence... and that's where the IFPG Franchise Buyer's Guide comes in.

By arming yourself with knowledge and information, you can be well on the way to a new path as a franchise business owner. We have you covered every step of the way!

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Owning a Home-Based Franchise Can Help You Achieve the Work-Life Balance You’ve Always Wanted

One of the many benefits of owning a franchise is that you may have the opportunity to operate it from home. Home-based work is becoming increasingly popular as more people rethink their careers and value a work-life balance. Whether you are a mother who needs schedule flexibility to care for your family or you’re a corporate employee who is tired of the 9-5 grind, there are great benefits to owning a home-based franchise.

There is no longer a stigma toward working at home in this technologically advanced world. There are 32.5 million small businesses in the U.S., and about 19 million of them are home-based, according to the U.S. Census Bureau. The trend of working from home doesn’t seem to be slowing down. Here are some benefits of owning a home-based franchise.

Low Overhead and Startup Costs 

When you operate a business from the comfort of your own home, you don’t have to worry about paying for additional rent or buildout costs that come with a brick-and-mortar franchise. Many home-based franchises have lower requirements for working capital and more affordable entry fees. According to reports from the IEDC’s Economic Development Journal, about 44% of home-based businesses can be opened for less than $5,000. This is great for those who don’t have access to capital

Many home-based businesses also don’t require a lot – or any – employees. According to the Small Business and Entrepreneurship Council, over 60% of home-based businesses don’t require employees, which lowers labor costs.   

No More Commuting

A common complaint of many workers is that the commute is the worst part of the day. It’s unfathomable to think of all the time wasted sitting in traffic. But that all goes away with a home-based franchise. Not only will you save a lot of money on gas, but you can spare yourself from the stress and headaches that are all-too common for commuters. 

Tax Benefits

With a home-based franchise business, there are certain costs that you can offset as business expenses. For example, some of your utilities, such as your phone and internet, can be charged as a business expense. To ensure you’re getting the maximum tax benefit from your home-based business, consult with an accountant. 

Schedule Flexibility

A major reason why you may be looking to buy a franchise in the first place is that you’re sick and tired of the 9-5 grind and want a more flexible schedule. When you operate a business from home, you are in control of your schedule, which allows you to decide how much work you want to put into the business. Do you want to run it full-time or part-time? Depending on your lifestyle, you may want more time to spend caring for a child or an elderly loved one, which is more manageable while.

Endless Opportunities

There are many industries that have become more prevalent in home-based franchising. These include:

Senior Care
Computer Repair
Personal Fitness
Child Care
Accounting 
Medical Billing 
Pet Services
Home Services

The opportunities to run a home-based franchise are endless.

Is a Home-Based Franchise for Me?

To determine if owning a home-based franchise business is for you, speak with a franchise consultant. This professional will help you determine if franchising is the right path for you based on your financial situation, lifestyle and more. A franchise consultant will recommend potential franchise investments and let you know if you are a good fit for the business.

With a franchise consultant’s assistance, you will read through the Franchise Disclosure Document, be prepared with questions to ask at Discovery Day, and more. The job of a franchise consultant is to make a franchise investment and discovery process as straightforward as possible. 

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Earn Money Selling Franchises

Do you love helping people? Does the idea of being your own boss appeal to you? A career as a Franchise Consultant lets you have it all: a flexible, home-based business with incredible earning potential. And here’s the best part—your work will make a difference! IFPG provides:

  • Over 150+ Hours of Continuing Education
  • 90 Days of Mentorship
  • Exclusive Agreements with Franchises
  • Over 450+ Franchise Members to Present to Clients
  • Access to Leads and CRM to Close Deals

IFPG also provides you with a CFC Certification that designates you as an expert in your field and grants you the recognition that you deserve.

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