We want flexibility, leisure, and wealth. Owning a franchise can help you truly experience this American Dream. As U.S. Small Business Administration statistics show, franchises have a higher success rate than other types of business start-ups. This is not surprising as franchises offer a product or service that has been sold successfully. Now may be the best time for you to begin a career as a franchisor.

In contrast, a startup's business model is based on creativity, innovation, and execution. Franchisors focus their creativity on refining the operation to increase profitability. It is common for franchisors to work together and develop innovative operating and management efficiencies so that every franchisee benefits.

Once you have evaluated the potential success and have made your decision, you should design an action or franchise implementation plan. It is important to include a plan to reinvest capital into your franchise. Reinvesting increases your franchise market share and your personal revenue stream.

Furthermore, rapid profit and sales growth symbolizes success and prepares your franchise business for expansion. If your franchise empire is swelling, the market may value your firm at a higher rate than profits justify. The end result of your hard work is a career that provides flexibility, leisure, and wealth.