When I first started my own real estate investing business nearly two decades ago, it wasn’t because I wanted to make a ton of money—though, I did want to. It wasn’t because I wanted a business empire, either. It was because I wanted to be my own boss. I wanted to be in control of my time and take charge of my future. So, I became an entrepreneur.
I’m sure you can relate. There are a lot of people looking for the best entrepreneur ideas to invest in their future and take control of their own destiny. And while there are a ton of different ways to be an entrepreneur, I can tell you the way that worked for me. Ultimately, it will be up to you to decide which path you take toward becoming your own boss. It is your future, after all.
Looking for Entrepreneur Ideas? Consider Investing in a Franchise
Starting your own business isn’t easy. While there are tons of advantages to working for yourself, there are just as many risks because responsibility falls solely on you. To enjoy the perks of being an entrepreneur with less risk, many choose to invest in a franchise. That’s what I did.
If you’re entertaining the idea of investing in a franchise, here are some things to consider:
- Pros: franchises have name recognition, support, and a level of stability
- Cons: Some franchises have high buy-in costs ongoing fees, and stifling rules
- Other considerations: is your market oversaturated? Is there any room for the business? Are you setting yourself up for success?
I think it’s a good idea for any aspiring entrepreneur to at least look into franchise opportunities available and find one that’s in line with their business goals.
Is It a Good Idea To Invest in a Franchise Right Now?
This is always a good question, no matter how the economy is doing. If 2020 taught us anything, it is that you honestly never know what is around the corner. A healthy economy can easily be brought down.
That’s what makes investing in a franchise nerve-wracking sometimes. And it’s why I tend to stay away from franchises that can’t withstand economic shocks. I actually try to look for ones that can survive and even thrive when things aren’t going so great.
What do those look like? Delivery services. Cleaning services. Franchises with remote capabilities. And, most importantly, franchises that aren’t going to plunge you into huge debt before you can even begin to recoup your costs.
Is Investing in Real Estate a Good Entrepreneur Idea?
If you read through the articles above, you probably saw real estate investing come up a few times. Even if you hadn’t, you probably have considered becoming a real estate investor.
There are a lot of pros to becoming a real estate investor. For one, you really do get to be your own boss. You get to decide how to market yourself, whether you want to buy rental properties, fix and flip, or become a wholesaler.
What’s most exciting is that this is a business that can thrive in any economic time. That doesn’t mean it is without risks, of course, and there is no guarantee for success. But there’s great potential in real estate investing, especially when you can set your own parameters.
An Honest Look at Real Estate Investing Franchises
With most real estate investing franchises, when you invest you become part of their network which may include brand recognition and a program to guide you. And honestly, that’s a great start.
Of course, not all real estate franchises are the same. They have different benefits and drawbacks. It all depends on what kind of entrepreneur you want to be.
- Do I want support in terms of training and guidance or do I want to go without the net?
- Do I want to be independent or do I want to follow a lot of rules?
- Do I want exclusive access to real estate tools and technology or find my own methods?
- Do I want nationwide recognition that generates quality leads or do I want to do my own marketing?
There are no right or wrong answers. Some entrepreneurs like the idea of a central organization that makes choices for them. Others prefer making their own rules. What matters is what works for you.
Real Estate Investing Franchises Are Great Entrepreneur Ideas
I like independence. But independence is risky without support. And as the owner of an independently owned and operated HomeVestors® franchise, I get the best of both worlds. I get the support, the tools, the technology, and the name of the franchise while still getting to run my own business.
HomeVestors, with its nationally-known We Buy Ugly Houses® campaign, is ideal for an entrepreneur like me. I get quality leads from people looking to sell their homes quickly for cash. The hard part is done for me. All I have to do is conduct the research to make sure it’s the best choice for my business.
When I wasn’t sure how to handle leads in the beginning, HomeVestors’ training programs and mentorship guidance gave me the support I needed. That’s all I want as an entrepreneur: to be in the position where my drive, my hard work, and my desire to take charge are supported to place my business on the right track.
If you’re considering becoming an entrepreneur in real estate investing, request information about becoming a franchisee today.
Each franchise office is independently owned and operated.