Female franchise owners often find that they can achieve both professional and personal success!
A NatWest/British Franchise Association survey revealed that the proportion of female franchisees has steadily increased over the last 25 years.
So we wanted to look at why so many women now considering franchising as their next career move? It’s becoming an increasingly popular option for women who are looking to run their businesses without a high level of risk associated with starting a business from scratch. Here are what we consider the top 5 benefits:
A route back into work
Franchising provides an opportunity for women to re-enter working life after having children. Many females don’t want to return to corporate life because long hours, commuting and travelling no longer fit around their home lives or they have decided they want to build something for themselves, which would allow them to also spend time with their new baby.
The flexibility and financial freedom of franchising mean many women can fit their business around their other commitments without having to sacrifice valuable family time. Also, the skills gained in home life often lend themselves well to becoming a business owner.
Flexible work-life
Many women consider franchising because they’re looking to balance their work-life, children and home life. Franchising offers a great way for women to work flexible hours and, in some cases, they can base themselves at their home.
Female franchisees often find they can grow their businesses with their family and children. As their children grow older, they can involve themselves more in the business and develop it even further to give it a real family feel.
Attractive traits
With multitasking and organisation skills, female franchisees are often naturally inclined to manage their chosen franchise opportunity more productively and profitably.
Research conducted by many leading franchising agencies, has shown that women tend to have good interpersonal skills, which are crucial to franchise owners required to managing staff when networking with other franchisees and for maintaining contact with a franchisor.
Women usually strive towards common goals and tend to work well within a team. They also can understand how their words and actions affect employees and clients, which helps them to become successful business owners. Female franchisees have good communication skills, the ability to forge strong links across the franchise, are task-oriented and have good local knowledge.
More opportunities
With the support of an established brand, franchise ownership offers a higher chance of success than an independent start-up.
Women often find business ownership provides more opportunities for them, compared to being an employee. With unequal pay still being a common problem in the workplace, investing in a franchise gives many women a better chance to progress in terms of their career and salary.
Franchising also allows women to pursue a career in something they have a passion for. Working for someone else often means that, even though the employee may be passionate about their career, they’re not truly invested in the concept because the fruits of their hard work often benefit someone else.
Risk-averse
Research has shown that women tend to be more risk-averse than men. This lends itself well to franchising, which requires adherence to a set business model and processes.
While running a business is time-intensive, the owner directly reaps the rewards of their efforts.
If you would like to pursue a career with Husse and become one of our Franchisees please get in touch with us here!