Have you felt that pull from your cubicle, from the demands of your structured job?
Do you often wonder what it would be like to run your own business, where you decide your hours, you are the boss, and your rewards are a direct result of your effort and input?
You are not alone! Being a business-owner is a dream of many people. Did you know there are over 1.2 million business owners in Canada? Perhaps now is the time to join them.
Is it time to turn that dream into reality?
For some people, the idea comes first. A unique idea, product or concept that no one has brought to life yet. For others, it’s less about the product or the idea, and more just a deep-rooted desire to be one’s own boss. To have that flexibility of working as much as you want, when you want, whether it’s 2am or 2pm, in your home, a coffee shop, or at your kid’s soccer practice. Simply put, the Monday to Friday, 9-5 isn’t for everyone.
Many among us have this dream, but not everyone has the education or resources to make it happen. Sometimes, the perceived risk is just too much to get started.
Franchising can be a great path
For those who want to turn the dream into a reality, but don’t have a unique idea or product, purchasing a franchise of an already successful business is an ideal solution. Buying a franchise offers a less risky and less daunting entry into owning your own business. When you think of franchises in Canada, the ones that come to mind are probably Tim Horton’s, Subway, McDonalds etc. However, these are the big players, and will likely be out of the average person’s budget, so it’s advisable to start smaller.
Facts about franchising in Canada:
There are an estimated 1,300 franchise systems operating in Canada, with approximately 76,000 franchised outlets between them. This averages to approximately 58 locations per franchise system.
Tim Horton’s is the largest franchise system in Canada with 3,665 stores
The average franchise system sells 4.4 new franchises a year
Getintheloop has sold 45 in the first 9 months.
Traditional franchises—those with physical locations—come with hefty price tags. While the average initial franchise fee in Canada is $25,000, the average total initial investment is much higher, averaging between $150,000 and $1,000,000. The purchase and renovation of real estate property is often the most expensive cost in opening a franchise.
So, without a large budget, what are the options for wanna-be franchise owners?
The digital world we live in now allows budding entrepreneurs to challenge the status quo. Digital innovation and disruption means that owning a digital franchise might soon be the norm. Forget the $150K - 1M+ set up fees and long-hours that come with a brick-and-mortar franchise—a GetintheLoop franchise is a ready-made business. For a low initial investment, and low franchise fees, you can purchase the exclusive rights to operate GetintheLoop in a defined geographical area.
A ready-made business, really?
Yes! There is no overhead, zero. No real estate investments to make, no expensive equipment to purchase, no labour to hire. You don’t need any special skills, experience or education to own a GetintheLoop franchise. You can own a digital business with zero technical know-how. What is important to make this franchise a success is passion, a desire for success, and an outgoing personality or natural way with people. You’ll be talking to people a lot! Oh, and of course a computer and access to the internet - which you probably already have!
It takes an element of risk to leave a steady job with a regular pay cheque for the unknown, and it certainly isn't for everyone. Which is exactly why a digital franchise works for the more risk-averse. That risk is greatly eliminated with a GetintheLoop franchise, we provide training, playbooks and support to help drive your success. Few small businesses make much money in their first year, if any at all. With GetintheLoop, you have the ability to become cash flow positive immediately and to recover your initial investment within a matter of months, not years.
GetintheLoop has had over 3000 applications for our franchise program. That’s 3000 individuals, families, couples or teams of friends who are feeling the same way as you. Except they took that first step towards living the dream. They are one step closer to making their dream a reality.
Isn’t it time you took that first step?
Contact our Franchise Team to learn about opportunities in your area.