If you are considering business ownership for the first time, you might be looking to ease in rather than dive headfirst.  The idea of putting all your resources behind a skillset that is completely new to you can make it more difficult to see the road ahead.  

The cool thing about owning a franchise business is you can determine your desired level of risk.  While starting a business from scratch requires putting all your eggs in one basket, franchising has an assortment of business models available – even for those just looking for a side hustle.  Mobile franchises are a great avenue for anyone seeking more flexibility and less risk.  

Here we go over why the mobile franchise business model might be the ideal fit for you.

Lower Investment and Overhead

Being a mobile franchise, the business goes where you go.  That means you don’t have to deal with a large piece of real estate in a market full of rising rents.  Not only is a brick-and-mortar location not part of the equation, but you also typically don’t need many or if any, employees to keep track of.

Mobile franchises are built to be light and lean.  They are designed to be run from your own home.  All the things that typically add expenses, don’t come with a mobile franchise business.  That means a lower barrier to entry as well as less overhead to hassle with.  Whether you are unsure if full time business ownership is right for you or lack a large upfront investment, there are so many new mobile businesses out there to suit just about every interest.

Operational Ease

Franchises, in comparison to independent businesses, by nature are built more operationally sound.  Because it is a business concept built to scale, the execution plan and its related logistics are already premade to roll out.  Relationships have already been established with vendors as well as price negotiations.

When it comes to a mobile franchise, the operations are even simpler.  Typically, mobile franchises are designed to provide a specific service or niche industry.  Examples of this would be a dog grooming service or a residential window washer.  When you specify the service you provide, and your staff is limited if existent, it can make it easy to get up and running.

Grow at Your Own Pace

It cannot be reiterated enough how mobile franchises make fantastic choices for first time entrepreneurs.  It offers so much flexibility in comparison to their brick-and-mortar counterparts.  With a physical location, especially if it is a restaurant or home service brand, such as a flooring brand, you need to invest in equipment and inventory.  This requires not only a larger upfront investment, but a much longer ramp up to expand.

With a mobile franchise, you grow at your own pace.  You take on the business as you are able and expand only when you must.  Because not much additional equipment or inventory is required, scaling ends up becoming a much faster reality. 

Business Model Well Worth Considering

As the world continues to favor convenience and personalized experiences, the growth of mobile franchises will only continue to expand.  There are new mobile concepts entering into the market each day, so even if you are already an entrepreneur many times over, these on-the-go businesses are worth your consideration no matter your level of business acumen.

Are you looking to branch into the world of business ownership or seeking additional income opportunities?  My team and I would love to help.  Utilizing our data driven approach, we specialize in helping our clients find that perfect franchise fit.  Schedule a call today, and we will handle the rest.