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> Franchise > Benefits of a Franchise > Reach for the Sky > We are the Pioneers > The Gold Rush is On > Sign Up

How you can gain financial security through owning a Cash Now Australia & NZ Franchise:


The Benefits are Many...

1. Earn What You're Worth! Thousands of franchise owners report they were handicapped in their corporate careers by company policies that put a cap on their earnings. When you own your own company, your efforts are rewarded and your personal income shows it!!

2. Building Equity and Financial Strength comes to those who succeed in owning a successful business. A recent survey indicated approximately 75% of all millionaires own their own business. If great wealth is one of your goals, entrepreneurship is the answer.

3. Satisfaction of Achievement! Many business owners report that seeing their actions turned into reality without stagnating for months in committee meetings (as often happens in big companies) is a major reward of owning their business.

4. Gain Tax Bonus (perks) The Australian and New Zealand tax codes reward small business owners. While company employees buy most things in after-tax dollars, many entrepreneurs can write off expenses for major purchases such as automobiles, insurance, and travel, as well as paying their spouses and children for doing part-time work.

5. Choose Your Own Job Description! When you're the owner, you can delegate certain aspects of the business to others and create a job description that suits your personality, skills and interests. Naturally, the industry you choose and the size of your operation will affect your flexibility in this area.

6. Control Your Future Business! Owners live the scripture "You reap what you sow." You can plan your work schedule around family needs and recreation--if you're willing to delegate duties to your employees.

7. Never Transferred, Laid Off or Fired! Major companies are notorious for relocating their employees and downsizing their staffs at the most inopportune times! When you run your company, you'll decide when and where to operate.

8. Why a Franchise?? There are many reasons why franchising is the best type of operation for the majority of first-time business owners. Most revolve around the increased probability that the business will succeed and provide profits to the owner in a shorter time frame than an independent business. This allows the owner to address both her/his own personal and financial goals.

9. Lower Costs Than an Existing Business! When buying an existing company, you will usually pay the seller 2.5 to 3.5 times its earnings. Starting a franchise is almost always less expensive.

10. Less Risk Than an Independent Start-Up! Napoleon Hill, in his classic book "Think & Grow Rich" suggests that one spend 3 to 5 years as an apprentice in an industry before considering owning a venture in that field. Buying a franchise eliminates this need and puts you on the road to success quickly.

11. Gain Advice on Site Selection, Unit Design, Operations, Capitalization and Marketing! A good franchisor provides instruction and support on ALL aspects of running a business in its industry. It's as though you have been hired and trained to open a branch for a major national company--Except that you OWN the "branch".

12. Receive a Proven, Profitable System for Doing Business! When you've had a chance to talk to other franchisees, you'll recognize how important it is to have a system to follow for your venture. This plan is easily worth US$100,000 or more. Luckily, franchisors typically charge $25 to $50,000 for an initial fee (similar to a down payment) and then accept a percentage of sales as an ongoing royalty for the use of their name and business system. These are good investments in return for the improved probability of success; the quicker sales growth curve; the research and development of future products and services offered by the franchisor; and the business plan.

13. Benefit from Quality Research & Development! Most small business owners are just too busy making money to research the future trends in the industry and develop new products or services to meet the needs of their customers. A franchisor will always be searching for ways to make his/her network more successful.

14. Gain Access to Trained Support Personnel! Your royalties and advertising fees provide for regular improvements in the franchisor's systems and these are provided to you for implementation in your venture.

15. Quicker Start-Up Than Independents! A proven plan out paces an independent's hit & miss operation almost every time. Looking at just independents that succeed--you'll find that franchises grow quicker, reach break-even sooner and succeed more regularly than others in the same industry.

Well, you can tell I'm sold on franchising, but what about those who own a franchise??...

A recent Gallup poll of 994 franchise owners: produced the following snapshot of the industry.

  • 94% considered their franchises successful. (How many employees would say their companies were succeeding?)
  • 75% said they'd "do it all again". (Most employees seem dissatisfied with their work, pay and prospects for advancement.)
  • 6% reported unhappiness with their franchisor (No industry is perfect, but the media's reporting of unfairness seems overrated.)


The average pre-tax income was US$124,290. (Well above average salaries for almost any other industry.) These poll results arise from one fact---Franchising Works!! Total Gross Sales through Franchised businesses exceed $800 BILLION! That's 35% of all U.S. retail sales & services!! There are over 8 Million workers employed in over 100 franchised industries.

A NEW FRANCHISE OPENS EVERY 8 MINUTES OF EACH BUSINESS DAY

A total of over 40,000 new franchises opened in '96. In addition, studies prove that franchises survive! Government studies show that 77% of independent businesses close their doors within 5 years of opening. Only 8% of franchises close in the same time period. That's only 10% the failure rate of independents!! Some well known examples of very successful franchise operations are:

Singer, Coca-Cola, Ford, and McDonald's. These are registered trade names of Singer Sewing Machine Company; Coca-Cola, Inc.; Ford Motor Company, Inc.; and McDonald's, Inc. respectively.


 
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