Work From Home Franchise Opportunities

Many of us know that working at home gives us a better work-life balance. Eliminating commuting time gives us more time with our families and reduces our stress levels.

So if you’re looking for a way to be completely home-based – with the added freedom of running your own business, read on for some great home based franchise opportunities.

Why Choose a Work From Home Franchise?

If you love the idea of working for yourself, the first step is to come up with a great business idea. But for most of us this can be a real challenge, and taking the plunge can seem too risky when you have a young family.

A home based business franchise can be the ideal solution, as it gives you a tried and tested business model, with advice and support to get you up and running.

What Is a Franchise Business?

Here’s how franchising works. Somebody sets up a small company and invests to build and establish the business. Once it proves to be successful, they realise that there’s the potential for someone to set up a new branch in a different area. The franchiser sells their brand and business model to the franchisee, and supports them to launch and run the new company.

There’s much less risk in buying a franchise business compared with starting your own from scratch, You’re buying into a proven approach that has worked elsewhere. You’ll also have support and advice from the franchisee, as well as detailed processes to follow. You might be one of a number of franchisees that network and share their experiences, too. Also, it is usual for franchises to restrict the number of franchisees trading under their name in each area, meaning you will have exclusivity in your chosen area of business.

What Kind of Franchise Can Be Run From Home?

There are so many franchises to run from home. They include professional services such as travel agent work, virtual administration, cleaning businesses, children’s activity classes, adult learning and many more ideas you won’t have even imagined!

For example, The Seasons Art Class is a business you can run from home where you don't need any teaching experience or art knowledge, as all your classes will be led by qualified tutors. Your job would be to market and implement the classes in your local area. Smart PA is a franchise where you are empowered to choose your own hours from home delivering professional services to your own clients.

How Much is a Home Based Franchise?

You should find a home based franchise that will suit your budget. Many cost less than £10,000, with some just a few hundred pounds – while others can reach £20,000 or more.

Often you can gain a bank loan to get you started with a home based franchise opportunity. You will need to work with the franchiser to get projection figures and details, then approach your bank or building society about the loan.

What Will I Need to Run a Home Based Franchise?

Whatever the type of home based franchises you’re interested in, the most important thing you need is time. You’ll need to be able to set aside a number of hours each day to focus on your business and get things going.

It also helps to have a dedicated workspace where you can focus completely on the business each day. The great news is that there are a lot of franchises out there which can be run to your own schedule – and many which can provide you with a good income working part time as long as you are dedicated enough to make a go of it.

Running a Home Based Franchise – Things To Consider

Before you take the plunge with a franchise business working from home, make sure you’ve explored every angle to make sure it’s right for you.

Here’s one thing to consider. While you might be starting a home working franchise to have more time with the family, achieving this in practice can be a challenge.

Consider your personality traits and working style before comparing franchise opportunities. Are you easily distracted and will find yourself doing household tasks rather than getting to work? Or, alternatively, will you find it hard to switch off and stop work at the end of the day?

If you feel that you can overcome these hurdles, you’re in a good place to start looking for home based business opportunities.

This article was first published on workingmums.co.uk, who's assets were acquired by 55/Redefined in 2024.

Additional Resources

• Jobs/Redefined Jobs board: Find your next new career with an age-inclusive employer on our jobs board
• Life/Redefined Purpose Finder: Not sure what your next step should be? Check out our purpose finder.
• Upskill, Change Careers or Start a Business?: Take this personality test to figure out what your next step should be now you’re over 50