Why Owning a Small Business Franchise is a Good Idea
In today’s economy, many people are turning to small business franchise opportunities to either supplement current income or replace their current jobs all together. What is it that is so attractive about owning a small business franchise?
For starters, as a small business franchise owner, you work for yourself. No more punching a time card and being paid slave wages by the hour. You control what you earn, when you work and how much you work. By investing in a small business, you can literally fire your boss, and go to work for yourself. When economic hard times hit, you can rest assured that layoffs will not affect you, as you are the boss.
Secondly, investing in a small business franchise is educational. Have you always wanted to do payroll, but had no accounting experience? Have you thought if you were the hiring manager that you would only hire a certain type of person? As a small business owner, you wear a lot of hats. You are now the department head of accounting and billing, human resources, customer service, marketing and general operations. While this may seem overwhelming to some, many small business franchiseopportunities come with a road map to streamline all these roles making it easier for you to run your new business. In the beginning there will be a lot to learn, but with the right franchise opportunity, you will be given all the training and support you need to be successful.
Lastly, as a small business franchise owner, there are many tax credits you can take advantage of. For example, if you run the business out of your home, you can deduct the portion of your home used for your office. Office supplies, furniture, other business equipment including computers, printers, fax machines, etc are all deductible as business expenses as well. Do you take clients out to eat? Do you use your personal vehicle for business use? What about travel expenses for your small business? All of these things are tax deductible. Be sure to refer to the IRS for guidelines on what can and cannot be deducted from your small business franchise.
These are only a few reasons that investing in a small business franchise is a smart decision. ASP offers franchise opportunities to individuals interested in getting into the pool service industry. For more information, please visit our franchising site.