How to Be an Entrepreneur Without an Idea
Do you have an entrepreneurial spirit but need a great idea for a business? Franchising is the answer. Learn how to be an entrepreneur without an idea, and why owning a franchise is the perfect solution.
Coping with stagnant wages, micromanagers, and a lack of job security can be disheartening. Half of U.S. workers are disengaged at the office, reports Gallup. And 95% of workers want a new job. If you’re burnt out and tired of climbing the corporate ladder, entrepreneurship can breathe new life into your future.
While lack of capital or fear of failure stops many people from pursuing entrepreneurship, others never get started because they don’t have a big idea for a business. According to a recent survey by Incfile, 90% of Americans want to be their own boss, but 26% of people have never had an idea for a business.
Franchising Fosters Small Business Ownership
Do you ever ask yourself, “How can I be a successful entrepreneur?” Lack of an idea doesn’t need to halt your entrepreneurial journey before it gets started. Investing in a franchise like Bath Tune-Up enables you to own a proven business with an established brand. As a franchise owner, your customers are often already familiar with the brand's products or services, which can drive immediate traffic and sales, unlike a startup which might need significant time and resources to gain loyal customers.
To own a franchise, you’ll be required to pay a franchise fee and ongoing royalties, but securing financing for a franchise can be easier. Banks and financial institutions typically see franchises as less risky than startups due to the established track record of the franchise brand and its ongoing support. You’ll also receive marketing guidance and benefit from group purchasing power to lower supply costs.
“Bath Tune-Up’s onboarding process was exciting and motivating. It was simple to follow and the checklist model allowed me to ensure I was laying a great foundation for my business,” said Grant Davenport, a Bath Tune-Up franchise owner in Canada. “The home office has been supportive and knowledgeable from day one.”
Upgrade Your Life with Bath Tune-Up
If you’re an entrepreneur without an idea, Bath Tune-Up is here to help. Bath Tune-Up is a bath franchise that provides bathroom remodeling and renovation using curated designs to streamline decision-making and speed up the project. Our design tool also allows customers to preview surfaces online.
A future in bathroom remodeling has a high-profit potential. Spurred by customization trends and smart-home technology, the home remodeling industry reached $432 billion in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 4.8% over the next eight years. The average bathroom renovation project costs $10,978, according to Architectural Digest.
A startup business requires a steep learning curve and can be isolating, particularly if you’re accustomed to working on a team in the corporate world. As a Bath Tune-Up franchisee, you get the freedom you want and the support you need. We produce a solid customer base through marketing, and we provide the training and tools you need to be successful. Our robust training program ensures you have the knowledge and skills to cater to customers in your community. We provide four weeks of virtual pre-training and 14 days of training at our corporate headquarters. You’ll also work with a personalized launch coach for three to seven months to help you get started.
Ready for a Change?
Bath Tune-Up’s ongoing support and guidance can show you how to be an entrepreneur without an idea. Inquire now to learn more about the benefits of franchising.