Best Franchises for Women
By Norasiah Mohamad, published Jul 09, 2008
Published Content: 96 Total Views: 3,852 Favorited By: 1 CPs
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Franchising offers entrepreneurially minded individuals the chance to use an established brand name and well-developed products whilst retaining the freedom and flexibility of being a business owner. Currently many franchisors are offering women entrepreneurs who have the drive, motivation, and work ethic to succeed the chance to become part of their franchising network. One of the reasons many women cite for becoming a franchisee is the prospect of being successful in business and juggling family commitments simultaneously. Women's franchises are historically very lucrative. There are grants and funds available today to specifically help women with the initial start up costs that come with being a franchisee. There are many organizations, both public and private who aim to support franchising for women, and offer non profit workshops to give women the skills and tools they need to get started on the road to success. The workshops are able to bring women together and give them an expansive support network to fall back on.
Women's franchises seem to thrive because some of the skills women possess are the ones best suited to franchising. For example, women coordinate, prioritize, and organize very effectively which lays the foundations for good people management, good planning, and good communication.
Another reason for the booming nature of a business owned by a women entrepreneur is the fact that women tend to enjoy franchising - which reflects in their profit margins. Women who have returned to work after a pregnancy or a career break are able to build confidence as they are provided with skills and extensive training in an empathetic and supportive environment; an environment geared towards their success.
The Maids, which is a home services franchise has proven itself to be a very good fit for women, and has received excellent accolades since its conception thirty years ago. It has repeatedly featured in the top fifty global franchises, and consistently finishes top of its category in Entrepreneur Magazines annual awards. The Maids offer franchising for women at a low initial cost.
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