The Entrepreneur’s Source Terry Powell Discusses Franchising vs. Independent Business Ownership
Small businesses are a gigantic component to the U.S. economy, comprising nearly half of America’s GDP and generating 63 percent of new jobs between 1993 and mid-2013, according to the U.S. Small Business Administration. As the number of small businesses in America continues to grow – demonstrating that business ownership is a viable career for many people. Business ownership is an optimal vehicle to success for those looking to leave corporate America and take control of their career.
“In general, business ownership requires a large amount of personal investment and hard work to succeed, but the benefits of success are never-ending,” said founder of The Entrepreneur’s Source Terry Powell. “Self-sufficiency through owning a business allows you to achieve your desired Income, Lifestyle, Wealth and Equity (I.L.W.E.™) Goals, and the satisfaction of being in the driver’s seat of your own career path.”
There are many entrepreneurial paths that an aspiring business owner can take to achieve self-sufficiency, and business ownership isn’t the same for everyone. Among the first things for a hopeful business owner to contemplate is whether independent ownership or joining a franchise system is the right path to follow for their unique skillset and desires.
The Entrepreneur’s Source Terry Powell on Franchising vs. Independent Business Ownership
It’s important to examine the benefits and drawbacks of both routes to business success – franchising and independent ownership – to consider which pathway may be the right fit for your unique I.L.W.E.™Goals. To start the conversation, The Entrepreneur’s Source Terry Powell sheds light on some of the differences between independent business ownership and business ownership through franchising to help you decide with path is right for you.
It’s necessary to take of the aspects of business ownership into account to determine if franchising or independent ownership is the right fit for you based on the unique skills, talents and preferences that you bring to the table.
Attend Start a Business Weekend to Explore Your Options!
For those individuals considering business ownership as an alternative career path and are looking to explore their options, The Entrepreneur’s Source is hosting a complimentary, virtual career expo, Start A Business Weekend (SABW) March 26-28. Start A Business Weekend gives attendees the opportunity to explore a variety of franchise opportunities.
“Attendees have access to three days of industry experts’ informative sessions hosted in the virtual auditorium, without leaving their home or office,” The Entrepreneur’s Source Terry Powell said. “It’s complete convenience—coaches are accessible all weekend long to guests. Plus, attendees gain all the benefits of a franchise expo without the travel expenses and time commitment.”
All attendees have access to 80 virtual online booths, free videos, coaching conferences, enlightening seminars, a virtual briefcase and networking opportunities. After SABW concludes, all attendees will be given a 60-day pass to revisit their SABW resources and explore their exclusive franchise opportunities in more detail.