According to Indeed, 97% of all businesses registered in Australia are small businesses. The number of small businesses in Australia is 2.1 million, and a new small business is opened every 100 seconds.
Why do people leave their jobs?
According to Gartner’s Global Talent Monitor report, the top three reasons that Australian workers leave their current employers are:
- Low prospects for future career growth (40.6%)
- Terrible management (36.4%)
- Little chance for development (33.7%)
For people who are looking to own a business vs. staying stuck in their careers, franchising presents a viable option. By joining a reputable franchise, you are able to join the small business community but also receive benefits such as a proven business model that has worked for others as well as ongoing local support.
Owning a Business vs. Having a Job in Australia – What is Right for You?
Owning a business is certainly not for everyone. However, if you are looking to really take control of your career, avoid future bad managers, and create your own prospects for growth, then you just might be an aspiring business owner without even realizing it.
If you feel this way, you are certainly not alone. A report from the NAB indicates that 1 in 3 Australians would like to own their own business, and that 1 in 3 would also like to be part of a community of entrepreneurs.
Like most Australians surveyed by NAB, owning a business is something that you can do by yourself or with your spouse should you want to make it a family business. However, just because you want to leave your job, it doesn’t mean you have to do so without a plan or support system.
Why own a franchise instead of start your own business?
Owning a franchise is a great opportunity for people who want to own their own business but don’t know where to start. The best franchises will offer full training and ongoing support on many levels including locally. With franchising, you can make a smooth transition from your job to being your own boss without having to do everything by yourself.
Some of the other reasons that franchising is a viable option are:
- You don’t have to reinvent the wheel – everything is laid out for you including the business model and method of operations.
- You will have an already established brand to work with – instead of building everything from the ground up, the franchisor and current franchisees in Australia have already laid down the foundation for you.
- You won’t have to negotiate your own vendor agreements or build your own infrastructure – by owning a franchise, you will be supplied with strong mass purchasing power and existing agreements with vendors that save time and money over having to do so on your own.
The bottom line is that you don’t have to stay at your job if you feel trapped or uninspired. Owning a business or franchise isn’t for everyone, but in Australia there is definitely a desire – and a wide network of support – for entrepreneurship that is worth researching and looking into further.