As specialists in business migration services, STEP GLOBAL offers complete end to end packages for our business clientele including development of adequate business plans, and research and consultation in relation to various business industries and environments.
STEP GLOBAL is also heavily involved in franchise consultation within the dynamic economies of Canada, the United States, and the United Kingdom. We believe those entrepreneurs who are new to a specific location or business landscape, can attain the most certainty and success both financially and in their immigration processing via the franchise route.
Higher Likelihood of Success
For those who are new to a business environment, it is statistically proven that franchise owners are 60% to 70% more likely to succeed than those who start their own businesses or become involved with start-ups.
Business Plans Which Make Sense
Since most immigrant entrepreneur programs are based on approvals of a business plan, the process is highly subjective and discretionary as to whether your plan makes sense to an immigration officer. Franchises have proven business models in place which allow for plans to be written on actual prior experience and evidence.
Ability to be Active or Passive
There are two business migrant profiles including those who wish to retain businesses in their home country and be more passive in their business investment, as well as those who actually wish to migrate and actively manage their new business abroad. Franchises are available which can cater to both groups. Those who wish to be active will receive all of the same support as outlined above, while those who wish to remain more passive can invest in a franchise which has more corporate involvement thereby requiring less attention and active management from the Franchisee or investor.
Support From Professionals
Entering a new industry or geography can be daunting even to the most seasoned business owner. In franchising, you are receiving the assistance, support, and expertise from professionals not only in your line of business but in your actual brand and business model to draw from. Franchisors have just as much incentive for your business to succeed, as their reputation are on the line and royalties are generally a percentage of earnings. Therefore they are in a position to offer the best help possible so that you can optimize your earning potential as a Franchisee.
Total Investment is Outlined Upfront
Oftentimes, in a new start up situation, it can be difficult to estimate how much it will cost exactly to start, operate and grow your business. Through the franchise route, initial costs and also expenses over a 3, 5, or even 10 year timeline can be accurately projected as expenses and business models remain the same across various locations.