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Helpful Statistics About Franchise Owners

By Heather

This is a sponsored post written by me on behalf of SuperCuts.

supercuts

As I’ve mentioned before, my husband and I have an ongoing discussion about going into business for ourselves. We’ve talked about this out of frustration with our 9-5 jobs, we’ve discussed investing in a business for supplemental income, and also for – you know – becoming millionaires. :)

I thought it would be helpful to people like us who are considering a franchise ownership to illustrate some statistics about entrepreneurs. 1000 people with a net worth of over $200,000 were surveyed and here are the results:

56% are planning on opening or starting a business in the next 12-18 months. (Either alone or with a partner.)
Successful entrepreneurs don’t just start one business and then quit. The key to success is growth and expansion, moving on to the next project. We’re always reading about famous business owners and their latest ventures and acquisitions.

women

25% are females looking to start their own business. I’m actually surprised that this number isn’t higher. I guess it’s still a man’s world, but hopefully that will change with time.

56% looking to start a business are planning on having a business partner. This I believe. It’s much easier to take on half of the responsibility and debt than to take it on entirely yourself. I don’t see myself ever starting a business solely by myself.

31% of the people looking to start a business are planning on going into business with a spouse or domestic partner. (That’s roughly 10% of all respondents.) That’s us – partners in life and maybe soon, in business?

spouse

30% of respondents looking to start a business are going into business with a friend and 26% are going into business with a colleague. This would be a personal challenge for me. I would think you have to go in with a strong resilient relationship for this to be a successful idea.

Females are more likely to go into business with a spouse or domestic partner than males. I wonder why this is? Maybe it’s due to the type of business that men go into.
How are business partners likely to be related? Here’s an interesting chart:

femalesmales

I wonder how many respondents have gone into the SuperCuts franchise. Is this a business you’d consider?

Filed Under: Sponsored Tagged With: supercuts, supercuts franchise

About Heather

Heather is the founder of GirlGoneMom.com. She lives in Southern New Jersey with her husband, 12-year-old daughter, 9-year-old son, her cat Spencer and Buddy the lab mix. You’ll find a combination of family-friendly reviews and giveaways, deal alerts, personal stories and articles relating to parenting on GirlGoneMom.com.

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Comments

  1. Robin (Masshole Mommy) says

    at

    I think it’s an interesting idea, but with little kids, I just don’t know if I have time to run a business right now.

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