Based on figures from the Australian Bureau of Statistics report, there were more than 287,500 new businesses in 2011 and 2012. Of these, only 74.3 percent of the businesses survived until 2013, while less than 60 percent lasted until June 2014.
Sadly, as of June 2015, a staggering 50 percent of the new businesses closed their doors. The good news is that many Australians open businesses every year.
If you’re planning to get a printing franchise this year, here's why it works:
You benefit from the guidance.
If you don’t have entrepreneurial or business experience, it is always safer to start off with a business franchise.
With a franchise, you operate under the guidance of the franchiser when it comes to supplies, marketing, delivery, and other aspects of the business.
Owning a franchise is a great way to get your feet wet before you start building your own brand and company. Moreover, you also enjoy the independence. Even with the franchiser's guidance, it is you still who will lead the business to success.
You can get funding easily.
If you bought a good franchise, the franchiser's established brand and reputation can help you get funding easier. This makes applying for a business loan so much easier because of the brand’s track record of success. You will definitely benefit from the established name.
You get help looking for location.
Location is always a key success factor for many businesses. Some companies provide assistance in finding the most suitable location for business success. And it’s a major help for people who are just starting out. Apart from benefiting from the actual location, you can also learn a lot from the company’s process of finding the right area to do business.
If it’s your first time venturing into entrepreneurship and business ownership, it's worth consider starting a franchise first and learning the ropes from your experienced franchisers.