Many offices are now planning to open – at least in some capacity – this Fall. However, some of us realized that we are happier, healthier, and more productive at home (even with Zoom fatigue and a cat on our lap). Cutting out a daily commute in many metropolitan areas can give you additional hours in your day that you can spend with your family, your new pandemic pets, or even enjoying a favorite hobby.
If we learned one thing this last year or two, it’s that change is inevitable. If you’re looking to keep your home office up and running – and avoid the 9-to-5 in-office life – perhaps opening a work from home franchise is a smart way to move forward. After all, you can live where you’d like and work for yourself. And that dream cabin in the woods? It’s within reach if you can get the wi-fi working and your franchise running.
What Does Franchising Mean?
Before we get into the types of work-from-home franchise opportunities, as well as some popular examples, let’s review what franchising entails.
In contrast to starting your own business, franchising involves buying into a business model that’s already up and running – and succeeding. You get to bypass the complicated, costly startup phase of starting a business. Instead, you can open up shop with a proven business model and brand recognition – making it extremely likely you’ll succeed.
Fund Your Franchise Now
Franchising is the future, according to the International Franchise Association’s Economic Outlook for Franchising report, which states over 26,000 new franchises will open in 2021, employing approximately 8.3 million workers and adding almost 800,000 new jobs to the American economy.
Top Four Home-Based Franchise Model Benefits
If an economic outlook that promotes home-based franchising isn’t enough incentive for you, here are a few other reasons you may want to consider this model:
1. Be Your Own Boss
If you’re tired of working for someone else – and you desire more autonomy and control over your time – this is a big bonus. If you don’t want to take our word for it, check out this Forbes article to see why entrepreneurs like you love being in charge. The Guidant Small Business Trends report also shows a desire to be your own boss as the leading reason many franchise owners decided to start their franchise. With 74 percent of respondents showing that they’re happy with their choice to become a small business owner, being your own boss can really lead to a quality of life improvement.
2. Cut Out Costly Office Space and Overhead
When you’re the boss, you don’t want to spend money you don’t need to. During the pandemic, working from home became commonplace, as home offices were set up across the globe. While the dollar value varies by city and office space, you can expect to cut costs on your location and office and administration expenses.
3. Save Money on Transportation and Parking
Similar to above, just think how much money you could save on city parking, bus passes, and more. It costs nothing to walk into your home office – and you may even have time for a quick dog walk before work, too. Now you’re not only saving money, but also improving your health.
4. Enjoy Flexibility in Your Life
This last one is key. Life can be unpredictable, so having a flexible occupation aligns well with that. Kids and grandkids have performances that you don’t want to miss, and you may have doctor appointments and other obligations that crop up.
The pandemic also showed us that we now have the opportunity to build back better than before, so it’s up to you to build the life you want. With flexibility in your job, you won’t miss out on anything – and you may even enjoy better work-life balance and lower stress levels – combined with the resulting happiness that accompanies it. Who wouldn’t want that recipe for success?
Recommended Franchise Partners
Guidant partners with these franchise brands but receives no compensation for including them on the Guidant Blog.
If you’re not sure where to start looking for a franchise, commercial and residential services lead the pack, and have a strong outlook for 2021, according to reporting from FRANdata. These include home improvement and home cleaning. Retail food, products, and services are your next best bet which includes consumer-directed coffee and smoothie shops as well as business-to-business operations such as food services.
The following list is just a sample of the franchises we partner with:
- Home Helpers
- Visiting Angels
- Smash My Trash
- FirstLight Homecare
- Healthy You Vending
- Synergy Home Care
- Bin There Dump That
- Expedia Cruise
- Mr. Handyman
- CertaPro Painters
- Mr. Electric
Another way to determine which franchise is best for you is to think about your previous work experience, as well as your current or past hobbies and interests. If you’ve always loved cars and have worked in the industry, there’s likely a franchise out there that fits. You can also narrow down your search with easy, online quizzes from The Franchise King or Franchise Help, among other sites.
Financing Your Franchise
Now that you know a bit about franchising from home and the types of home-based franchises that are popular right now, you may want to consider the next step: financing your franchise. Franchises can require a bit more up front – but you get more for your money, too. Guidant Financial has a variety funding options, and you can even pre-qualify today.
Are you ready to realize your work-from-home dream and start a home-based franchise?
Reach out to Guidant Financial about financing: contact us online or call 888-472-4455.