Franchises are becoming a more popular choice than self-starting businesses for entrepreneurs because of the lower level of risk involved. Those who own businesses have freedom, but when you run a franchise, you are giving yourself a much greater chance of success. There are a host of companies that will help you start your own golf franchise, but you will still have to be prepared to pay a minimum franchise fee as well as injecting your own capital. You will need to research which franchises are willing to open a store in your area, then choose the one with whom you wish to go into business.
Those who advocate franchises over small businesses will tell you that they have a much lower failure rate. If you want to own a piece of a golf franchise, it is said that you will have a 10 percent chance of failure compared to 40 percent or more if you attempt to start a golfing business from scratch. Opponents of franchises claim that the average investment in a franchise is up to five times higher than the average investment in a self-starting business.
If you have ideas of your own and don’t like the idea of being dictated to, then starting a golf franchise is not for you. This is because the franchisor will be dictating terms to you, and the franchisor also will be unlikely to accept any plans you have for improvements. The franchisor might even criticize you for trying to dictate how to run the business.
Regardless of what type of franchise you elect to become a part of, you will have to take into account a number of considerations. There is the issue of site location and lease negotiations. Your franchisor will be in charge of all of this. There also is the issue of market research to ensure that it is in the franchisor's best economic interests to open a franchise in your area.
Golf franchises are popular because the sport’s popularity is consistently high and it is possible to get everything up and running within a few months. This typically is possible because the franchise has the support of a large company. As well as selling golfing apparel, many golf franchises have putting greens and driving ranges in an effort to lure in casual golfers.
If you are new to business, buying a golf franchise is probably a better idea than starting out on your own. Several years as manager of the franchise should serve you well. This will allow you to take on the tougher role of self-ownership in years to come as you learn the business, train employees and develop a solid base of customers.