If you’re reading this, then you’re probably interested in owning a franchise and being your own boss. Maybe you consider yourself a blue collar worker who has saved up enough money to start your own business. Or maybe you’re an entrepreneur and are looking for the next great business to add to your portfolio. Whoever you are, you’re probably wondering if it make sense to own a windshield franchise. We’re here to help. Owning a windshield franchise can be a great way to make money and be your own boss. The key is you need to find the right windshield franchise, otherwise, you’ll just waste your time and money.
Almost every day we hear stories about how some tech company is “disrupting” an established industry orhow a 22-year-old web developer just sold their new app for a gazillion dollars. These make great stories, but don’t let their overrepresentation in the news cycle fool you. These startups are few and far between. Smart moneyleans towardthe more established industries continuing to make money. Windshield repair is a business that has been around for as long as windshields have and there is no end in sight. People understand what a windshield franchise does and why they’re important.
Times do change, of course. There have been more than a few once-stable businesses that have gone belly up. The reason for their demiseis that they stopped growing, innovating and their economic forecast was miscalculated. The windshield repair business is still growing and it will continue to grow for the foreseeable future. Consider this, most Canadian families own at least one vehicle. And there are more Canadians now than ever before. Ergo, there are more vehicles on Canadian roads.
According to Stats Canada, the number of registered vehicles has grown every year from 2013-2017 (the latest year for which data is available). And what do all these vehicles have in common? Windshields. And no matter how vehicles change in the future, they will always have glass in them.
Because of this combination of stability and growth, you may have an easier time securing financing for a windshield franchise as opposed to other franchises. Lendersare oftenwary of lending money to someone starting a business in a new industry that they don’t fully understand. Just as they are often hesitant to lend money to people who want to start their own brand new business, which is just one of many reasons why a windshield franchise is a smarter option than a totally independent business.
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This article has only scratched the surface of why owning a windshield franchise makes a lot of sense. To find out more, please contact NOVUS Glass Repair & Replacement today.Back