Do you want to start a business, but don’t know where to start? Are you ready to lead, especially if there are clear guidelines to follow? Is there already a company you admire and want to emanate? Opening a franchise may be the right move for you.

If you’re looking for a sign to start, here are five reasons why a franchise may be right for you.

1. You’ve done your homework. You’ve researched the demand in your area, you’ve reached out to current franchise owners, you trust the company, you’re confident you have the support system to sustain this decision long-term.
2. You’re ready financially. You’ve considered the costs, including initial fees, royalties, and working capital, and have the funds necessary to start.
3. You’re a stickler for structure. Franchises come with an established business model that you can follow step-by-step rather than start from scratch.
4. Low risk, high reward potential. There’s less risk in joining a proven, recognized brand, but demand for the product or service and readiness to get involved, lead a team, maintain consistency, and meet expectations are all key.
5. Strong support system. Franchises that offer training, marketing, and ongoing support make the process even easier.

Take a deeper dive into your current situation:

Can your lifestyle accommodate the full-time commitment needed for a business to succeed?

Are you ready to hire and train employees and engage with customers in your community?

Do you have the bandwidth to motivate your team and foster a positive work environment?

Even with an established business, the first year of running your franchise will be busy establishing workflows and schedules. If you’re still on board and even more excited to get started, go for it. Let this be the year you achieve your business goals and create something you’re proud to be a part of.