Home-based franchise businesses appeal to entrepreneurs for many reasons. For some, it provides a relief from the daily commute. For others, it represents a break from the corporate rat race. Many view a work from home franchise as their chance to follow their passion and do what they love. But for all, it’s a chance to take control of their financial future and build a business of their own.
Despite the many attractions of working for yourself out of your home, it’s still hard work with its own unique set of challenges. One of the first is to determine what kind of person you are. Do you like to stay at home and work on your own, or do you like to get out in your community and meet your network with clients and colleagues face to face? Are you a hands-on type, or do you like to manage a staff while you stay at home and work on growing your new business? Are you interested in doing something you’re passionate about, or is money your prime objective?
While the autonomy and flexibility of a home-based business are a real plus (along with no office rent and eliminating the wear and tear of commuting), success requires the ability to shut out distractions, temptations, phone calls, and the unexpected. Sure, build in some breaks for exercise, take a walk, and eat a healthy lunch. But keep your nose to the grindstone because if you don’t get it done, it doesn’t get done at all.
And in case your passion is seasoned with a slight dose of uncertainty, it’s worth looking for the increasing number of work from home franchise models that offer the highest level of flexibility, allowing you to optimize your work/life balance.
1. LOWER STARTUP COSTS AND OVERHEAD
One of the biggest benefits to owning a work from home franchise is the veritable lack of extraneous costs. Some franchises require no retail storefront (so no new lease payments), no or low inventory, and few if any employees to keep the business moving. Other than the possibility of upgrading your internet service and investing in more comfortable home office furniture, working from home won’t cost you much.
2. TAX BENEFITS
Once you familiarize yourself with the laws and regulations in your area to see if you qualify, you may have the ability to deduct some of your home expenses against your business income. These may include a portion of your mortgage interest, property taxes, utilities, and other related expenses. Check with the Internal Revenue Service to see how you may qualify.
3. COMPREHENSIVE TRAINING
Because you will be working from home, it is essential that you choose a franchisor that provides you with the highest level of on-board training to help you become confident as an expert of your craft. Regardless of your level of experience prior to choosing a particular field, the right franchisor will set you up with all of the tools you need to help you seamlessly run your business. Since a brand’s success — in fact, its continued existence — depends on the success of each of its franchisees, your franchisor should be fully invested in preparing and training you to succeed.
4. FRANCHISE COMMUNITY
The best franchisors don’t pit their owners against each other—each franchisee uplifts his or her neighbor for optimum success. The very foundation of M3Linked is built upon collaborative engagement between all members of the business community. What works best for our members also serves our work from home franchisees, promoting enthusiasm and efficiency while avoiding typical WFH speed bumps like fatigue and isolation.
While each franchise is independently owned, M3Linked franchisees are supported and encouraged to serve their territories while engaging with neighboring owners, whether for advice, referrals, or general camaraderie.
WORK FROM HOME, BUT NEVER ALONE
M3Linked is the ideal work from home franchise, as it allows owners to set their own hours and grow their business at their own pace, while building connections with other like-minded entrepreneurs and leaders across a range of industries. M3Linked is an innovative franchise model in the B2B community, providing a platform for ambitious professionals to exchange ideas, advice, and collaborative visions.
Since 2019, M3Linked has been expanding its winning formula across the United States and into Canada, deepening connections and providing support for entrepreneurs everywhere.
To learn more about how to become a part of the M3Linked franchise community, apply now.
