Why Franchise Ownership is Appealing to Women
Owning a franchise offers both the flexibility and independence of being a small business owner along with the support and infrastructure of a large corporation, making it an ideal opportunity for anyone interested in becoming an entrepreneur. In addition, it turns out that many of the general skill sets common to women, including organization, quick thinking, communication, and financial awareness, make owning a franchise a great fit for female entrepreneurs.
It is no surprise then that more and more women with a strong background in business are seeking franchise opportunities that allow them to follow their passion, meet their business ownership goals, and fit their investment budgets. In fact, according to the Women in Franchising 2021 Special Report, over the last decade, there has been a 38% increase in women-owned franchise businesses, and of all new franchises opened in the past 24 months, 32% are women-owned businesses.
Women often choose franchise ownership because the support of the franchisor can maximize the chance of success while mitigating some of the risks associated with business ownership. Among the benefits of franchise ownership that make it an attractive option for women include:
- Ability to pursue something that they are passionate about while also being successful.
- The opportunity to be a part of an established and well-known brand.
- Access to the powerful network that franchising offers for collaboration and mentorship.
- The sense of security and flexibility that’s commonly challenging to achieve in the corporate business world.
Embracing the Opportunity at The Growth Coach
Founded on the concept that group coaching allows coaches to better leverage their time and build their business, The Growth Coach simultaneously benefits franchise owners and the business clients they serve. This unique business ownership opportunity offers female entrepreneurs lower startup costs, comprehensive training, high-impact marketing assistance, and ongoing support provided by a team of experts and a network of like-minded franchise owners.
Worth $11.6 billion in the U.S., the business coaching industry is a growing franchise opportunity for women entrepreneurs who are passionate about sharing their skills and knowledge with others. To date, The Growth Coach provides a vital service for the more than 28 million small and medium-sized businesses in the United States who seek counsel, team-building tools, and leadership skills from experienced executives.
The Growth Coach provides franchise owners the support of highly effective marketing, training support, and the technology systems necessary to make good on the high potential for significant income and profits. Sherrell Smith, a coach with The Growth Coach of North Indianapolis says, “Anyone considering The Growth Coach can rest assured that they will be well-prepared, well-taken care of, and well-supported to launch their business.”