Did you know small businesses account for nearly 90% of all global companies? That’s a staggering number of people, just like you, who are trying to pave their own way in the world.

Though finding the right small business opportunities can feel like a lot of work, with the right know-how you could turn over a profit in no time, especially if you make a move towards a window franchise.

All it requires is commitment, knowledge, and confidence. We can help with one of those. The other two are up to you.

We know that with our knowledge and your dedication, you can achieve anything, so keep reading to find out exactly what you need to know about investing in your own small business.

What’s the Difference Between Buying a Business and Franchising?

A franchise is a particular business model where the franchisor, or business owner, offers an independent entrepreneur the rights to their company’s logo, brand, and model. 

Franchises are widespread in restaurants, motels, and other service-orientated enterprises. However, any kind of business can be bought or sold, and some are stand-alone businesses.

When you buy a franchise, you not only gain the right to use a larger brand’s name, logo, and merchandise. You also gain access to their overall brand awareness, promotions, and marketing opportunities. 

The one caveat is that you have to comply with the brand’s business standards. If you’re buying outside of a franchise, it’s unlikely you’d be tied into this.

Types of Franchising

So we’ve established that franchising is a great way to become a small business owner. When you’ve decided you’re ready to take that step, you’ll need to look next at the different franchise opportunities available to you. There are three primary types: 

• Business format franchising
• Product distribution franchising
• Management franchising

Each operates differently, and we need to understand those differences.

Business Format

A business format franchise is what we mentioned above. The franchisor gives all rights to trademarks, trade names, and business processes. They are also heavily involved in the company’s running. 

A system like this has more support than any of the others. Think of large fast-food chains like McDonald’s as an example of how these work.

Product Distribution

A product distribution system is very similar to a supplier and distributor model. The product is provided by the franchisor, which the distributor can then sell to others. You’re more limited in terms of what you can use, and there is typically a fee for the use of a trademark. 

However, this particular business opportunity has more leeway in terms of overarching restrictions and guidelines.

Management Franchising

A management franchising model is ideal for someone with existing managing experience, as it allows you to really take ownership of a business. In this situation, the franchisee focuses on managing the business, as all operational tasks, activities, and existing staff are included in the sale.

How Does a Small Business Work for You?

Entrepreneurs are in charge of their own fates. They’re the ones who decide and they get to choose who they do business with and what kind of work they do. 

For many, the freedom of being able to determine their own path is lucrative enough that the risks outweigh the rewards. And it is worth mentioning that there are always risks. It is business, after all. 

Even the most well-constructed business model has the chance for failure, but the entrepreneur need only be relentless in their pursuit of success, and that chance becomes insignificant.

Let’s take a quick look at some of the chief advantages of owning a small business:

• Financial gain
• Control
• Prestige
• Equity
• Opportunity

Small businesses have some advantages over larger ones. This includes a certain flexibility in approach, a workforce that is relatively lean, and the ability to form close relationships with clients. Plus, in the modern age, reaching clients is easier than ever before.

This brings us to our ultimate point. What kind of business should you be looking at?

How Windows Lie at the Heart of Small Business Opportunities

A common misconception is that the home service industry is too niche to be successful. The truth is, this is a booming industry with massive opportunities. It is honestly one of the most lucrative business opportunities you can invest in.

There are a few significant benefits to choosing a window franchise as your next (or first) business opportunity. First, you know you’re bettering your community by offering local services. Second, they give you the opportunity to work for both commercial and domestic clients, which significantly expands your market base. 

A Thriving Market

We expect the home services market to see a 19% growth between 2019 and 2026. By that time, it will have reached a net worth of over $1,133.40 billion. Business is booming.

It goes without saying, but if a home or business has windows, someone needs to keep them sparkling. Most people are too busy to do it themselves and less inclined to even try. We live in an age where outsourcing home tasks are becoming increasingly common. 

Whether it’s repairs, maintenance, or installation, the window industry is booming in ways it never has before. People care about how their homes look, and the windows are to the house as eyes are to the soul. 

Framing Your Ideal Business

If you’re considering a franchising option, why not try the window industry? It’s a trade that will not let you down anytime soon.

A window franchise is a fantastic option and one of the best small business opportunities out there. Take the right steps forward and make the best business decision you can.

Reach out to us today to find out how you can take your first steps on your entrepreneurial journey.