There are a litany of reasons to consider a franchising opportunity as opposed to starting your own independent new venture. When it comes down to it, though, two in particular stand out and encapsulate the others.

1. Mitigating risk

For all their allure, go it alone entrepreneurial businesses overwhelmingly fail. For every newly minted entrepreneurial success story you see profiled in newspapers and magazines, what you don’t see are the countless business casualties that litter the marketplace every single year.

In fact, of ‘venture backed’ start-up businesses, 75% fail. And, these are not your run-of-the-mill new businesses – these are the lucky few who actually succeeded in attracting large amounts of capital from deep-pocketed venture capitalists.

“Overall, nonventure-backed companies fail more often than venture-backed companies in the first four years of existence, typically because they don’t have the capital to keep going if the business model doesn’t work,” according to recent research by Shikhar Ghosh, a senior lecturer at Harvard Business School, as cited recently in the Wall Street Journal.

Forbes’ assessment is even more dire. According to their numbers, 8 out of 10 new companies fail within 18 months! That’s a “crash and burn” rate of over 80%.

How does this compare with franchised businesses? According to FranNet, a national franchise broker representing over 1500 clients, the success/failure ratios are reversed for franchise opportunities: as measured at the 2-year mark, over 91% of their clients were still running successful businesses, as quoted in Entrepreneur Magazine.

The contrast is stark and sobering.

If you choose a reputable, established franchise business concept and system, as offered by the Academy for Mathematics & English, you very smartly stack the deck in your favour.

2. Reduced stress

Somewhat implicit, based on the statistics mentioned above, being part of a proven franchise system dramatically reduces your stress level and increases your quality of life. Imagine the stress of not knowing if your new business concept even works or if the marketplace will embrace it or if they will embrace it sufficiently ‘enough’ to make it viable? Imagine the guesswork of having to live trial-by-fire as your cash reserves dwindle and you desperately seek out a viable way to ‘efficiently’ market your business so you actually turn a profit – not knowing if you will ever even prevail in your pursuit.

The stress of this is incalculable. When you opt for a franchise concept – this stress is NOT yours to contend with.

The franchisor has already blazed the trail for you – now you get to extract cash from the marketplace, using a proven method that has been replicated by many other franchisees across the country.

Also, with a credible franchise opportunity you get all the training and guidance you could possibly want, before you even start. You also get an established brand name, proven operations and marketing systems, and a viable cash flow model around which you can build your future stability and success.

You cannot put a price on this comparative level of certainty and predictability versus the extreme unknowns of solo entrepreneurship.

If you want to dramatically alter your risk/reward profile so it tilts toward you, franchising in Canada is an astute choice to make.

If you want to help kids in your community thrive – by helping them get better grades and experience a fuller life with greater self confidence and self esteem, then consider our tutoring franchise opportunity in Canada today!

Discover more information here.