For most franchise owners, buying a franchise means making the leap from employee to business owner. Make your own hours. Choose your own staff. Pick your own salary. Being your own boss and breaking free from the standard 9 to 5 can be an attractive proposition for a lot of reasons.
Aside from a more flexible schedule, there are plenty of other tangible benefits that come from being your own boss. Keep reading for some enlightening facts and statistics on how making the transition to franchise owner can impact your life.
>Make Your Own Success
No matter how dedicated you are as an employee, you are always working towards the bigger goals of the company overall. When you buy a franchise, you have much more ownership over the success of your franchise location, which can make work that much more fulfilling. In fact, nearly 90% of all franchise owners enjoy operating their business, and the senior care franchises are among the most satisfied in terms of owner happiness.
Flexible schedules in itself are nice to have. It’s something employees want, and around 70% of franchise owners report having schedules that are flexible or very flexible. But besides giving you a little more time to get to the bank or pick up the kids, what do flexible schedules mean? One recent study indicates that people with flexible schedules have “better mental health, healthier blood pressure and better sleep habits” than people who have less flexibility. Being allowed to decide when you work, when you rest, and when you play can vary, but clearly flexible schedules are more than just convenient; they actually keep you healthier and happier.
Learn a New Field or Grow Your Knowledge
Being a franchise owner and becoming your own boss, even if you already work in the senior care industry, will lead to you learning a lot of new things. The best senior care franchises, as well as franchises in other fields, will teach you many things, from the particulars of running a business to essential management and leadership skills. Many franchise owners do not even have experience in the field they choose to join, meaning they will learn an entirely new industry.
It is an intense learning experience. Like having a flexible schedule, learning new things has been shown to improve your health, happiness, and overall well-being. One article notes that “Education has been widely documented by researchers as the single variable tied most directly to improved health and longevity.” Learning new things can boost your self-confidence as well as your resilience in the face of adversity, which can lead to a more fulfilling life.
Being your own boss is a big reason that many people choose to buy a franchise, and the benefits are real. Owning a franchise is hard work, there is no doubt about that, but the rewards can be well worth it for those willing to make the necessary sacrifices.