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# Franchise or Independent Business; Choosing the Right Path
Are you considering starting your business? If so you might be contemplating whether to invest in a franchise or establish a business. Each option has its pros and cons so it’s crucial to evaluate them before making a decision.
## Franchise Ownership
A franchise refers to a business owned and operated by an individual or group (known as the franchisee) under the operational model of a company (known as the franchisor). When you purchase a franchise you essentially gain the rights to utilize the franchisors name, logo, products and services. Additionally you receive training and support, from the franchisor, which can be advantageous for someone to entrepreneurship.
Owning a franchise offers advantages. Firstly franchises generally exhibit success rates compared to businesses. This is because franchises benefit from business models and established brand recognition that give them an edge. Secondly franchises often provide training and support from the franchisor aiding in launching your business while avoiding mistakes. Lastly franchises can be an option for individuals with prior experience in running businesses. The franchisor will provide you with the training and support to ensure your success. However there are some downsides, to owning a franchise. Firstly you’ll need to pay royalties and fees to the franchisor, which could significantly impact your profits. Secondly you’ll have to adhere to the franchisors standards limiting your freedom and flexibility. Lastly decisions about the location of your business and the products or services offered may be made by the franchisor.
## Independent Businesses
On the other hand, independent business ownership grants you complete control over every aspect of your venture. From what you offer in terms of products or services to where your business is located and how it operates on a daily basis – it’s all in your hands. While this provides freedom and flexibility it also means taking on responsibility. Marketing, sales, accounting, customer service – every facet of the business falls under your purview.
The advantages of a business are plentiful. Off you have authority over all aspects of operations. This means that you have control, over all the decisions ranging from what you offer for sale to how you determine the prices of your products or services. Additionally as a business owner you enjoy a degree of freedom and flexibility compared to being a franchisee. You have the freedom to choose the location of your business decide on the products or services you provide and determine how you manage your day to day operations. Furthermore there is potential for earnings as a business owner since you get to keep all of your profits instead of sharing them with a franchisor.
However it’s important to consider some drawbacks that come with owning a business. To begin with there is a risk of failure since you don’t have the resources and support provided by a franchisor. Secondly obtaining financing for a business can be more challenging. Lastly as a business owner you are responsible for handling all aspects yourself. From marketing to accounting. This can be quite demanding and time consuming especially if this is your experience in running a business.
## Which One is the Right One?
So now comes the question; Which option is right for you? Ultimately deciding whether to purchase a franchise or start your business is a personal decision, without any definitive right or wrong answer. The best choice will depend on your circumstances and preferences.
If you’re in search of a business that comes with a reputation and ample support, considering a franchise might be the way to go. On the hand if you value independence and flexibility, opting for a business might offer more freedom.
Here are some additional factors to take into account when making your decision;
**Your level of business experience;** If you lack experience in running a business, going for a franchise could be advantageous. The franchisor will provide training and support to assist you in launching your business
**Your financial resources;** Acquiring a franchise can be quite costly. You’ll need funds to cover the franchise fee as well, as ongoing royalties and fees. If you have limited resources an independent business may be more suitable.
**Your risk tolerance;** While buying a franchise generally entails risks compared to starting a venture there is still some level of risk involved. If you prefer playing it safe, choosing a franchise may align better with your preferences.
To conclude, deciding between owning a franchise or starting a business requires consideration of the pros and cons associated with each option. Franchises provide an established business framework, brand familiarity and assistance from the franchisor, which makes them an attractive option for people, with business expertise or those aiming for a greater chance of success. Nevertheless the financial responsibilities, limitations enforced by the franchisor and potential limitations on freedom might deter individuals.
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### Contact Information
Address
105 Towne Lake Parkway,
Woodstock,
Georgia
30188
Phone
678-707-8114
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\*DISCLAIMER: This website is not an offer to sell a franchise to, and is not directed to, any resident of a state or province requiring the filing or registration or other regulation of franchises unless Red Barn Homebuyers LLC is registered to sell franchises in that state or province (if necessary), has prepared a disclosure document in compliance with the laws of that state or province and has received approval of this website as franchise advertising, if required in that state or province. The states requiring registration or filing of franchises include: California, Hawaii, Illinois, Indiana, Maryland, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin. There are other states and provinces that require disclosures to prospective franchisees. No franchises will be offered or sold by Red Barn Homebuyers LLC in any of the listed states unless and until the franchise offering has been registered and declared effective in that state and the Franchise Disclosure Document required by that state has been delivered to the purchaser before the sale and in compliance with applicable state and federal laws regulating the sale of franchises. No franchises will be offered or sold in any other state or province regulating the sale of franchises until a disclosure document required by that state or province has been delivered to the purchaser before the sale and in compliance with applicable state, provincial or federal laws regulating the sale of franchises.
## Mike Kovak
### Success Coach
Driven by a passion to serve others & generate results, Mike brings his 30+ years of sales & marketing experience to the Team as our Success Coach, working closely with each of our Franchisees to strategically design & implement a unique plan to help grow their businesses.
Enhanced by his latest coaching & business development experience in the mortgage lending arena, he brings his success of managing, scaling & selling their experiential marketing agency after a 20 year run. Mike’s creative & results-driven entrepreneurial skills present a powerful partnership with our Team to make a difference for those we serve. He’s a connector, motivator & a leader with an enthusiastic personality who will go the extra mile to help everyone on our team win.
Mike & his wife, Sherry, are proud parents of 4 teenagers, and is an All-American Triathlete having competed in several Triathlon World Championships, including the upcoming Championship in Spain next year.
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## Michele Sims
### Recruitment Manager
Born and raised in Georgia, Michele is a graduate of Eastern Kentucky University. With more than 25 years of experience with sales and operations, she has the background and the passion to pursue real estate deals. That zeal resulted in Michele and her husband Chris acquiring their first long-term rental property a little over a decade ago. That deal was all it took to get them hooked.
Michele and Chris are the proud parents of two daughters, and have three dogs as part of the family. The pair loves sports, and are big Auburn fans (something that the rest of us forgive them for!).
## Kendra D’Eon
### General Manager
Running a successful franchise operation requires having someone to oversee the process. That’s where Kendra comes into the picture. As a key part of the operations and project management effort, she is always working to oversee the company’s overall operations to ensure both our team and members are able to be productive and prosperous!
Kendra is married to her high school sweetheart Phil and they have 2 sons. She lives in New Hampshire and loves to take advantage of the ability to access the beaches, lakes, and mountains she has available all around her
## Tracey Cooper
### Coaching Coordinator
After earning his degree at Auburn University in Auburn, AL, Tracey chose to enter the IT staffing industry. His first employer was a national staffing firm, where he eventually became the manager of their Washington, DC office.
After five years with the firm, Tracey and four others left to form Prestige Staffing. This firm expanded from the original five partners to more than a hundred employees. Over time, Prestige established offices in Austin, Atlanta, New York, Chicago, Dallas, and St. Louis. All told, he invested 15 years in the firm.
Seeking a change from the corporate treadmill, Tracey sold his interests in Prestige and made the leap into real estate. 2018 was a pivotal year, with Tracey entering a mentorship program with Ken. Since that time, he’s acquired and sold more than 75 properties. His approaches vary, ranging from buying and holding, fixing and flipping, and wholesaling.
## Dave Emrich
### Franchisee Mentor
Dave first came to RED BaRN in 2009, beginning his time as the General Manager. Over the years, he’s overseen a number of company aspects. They include attention to company finances, construction tasks, flipping properties, and real estate functions. Thanks to his more than four decades of experience, he’s a big part of what has made RED BaRN such a success.
## Jessica Stansel
### Accounts/Office Manager
With RED BaRN since 2010, Jessica was born in Canton, GA. Her support as the company flipped hundreds of homes has proven invaluable. When she’s not busy troubleshooting and keeping the office running smoothly, Jessica is looking for ways to make the already-efficient office even better.
Jessica likes to get away for beach vacations, often somewhere along the Florida Panhandle. Closer to home, she loves taking her two daughters to softball games and any tournaments that may come up during and at the end of the season.
## Carolyn Versele
### Onboarding Manager and Franchisee Support
Carolyn joined RED BaRN in 2020, just as the business was about to film “Flipping Showdown.” Owing to her expertise, she quickly became a valuable resource when it came to managing social media and vendor trade outs. She also handled a number of tasks associated with different RED BaRN design projects.
Earning her real estate license in early 2022, Carolyn is now a key member of RB Realty. She and her husband have four children, and love to vacation in Puerto Vallarta, Mexico when the opportunity arises.
## Kevin Corsini
### CEO
In addition to being the Chief Executive Officer, Kevin D. Corsini is also a co-founder of RED BaRN Homebuyers. He brings a varied work history to the business. In times past, Keven has worked as a college president, a business executive, and as an ordained pastor. He also taught at university level for more than 10 years, and holds a PhD in the field of Mental Health.
Kevin began the journey with investment properties over two decades ago, finding another exciting career to pursue. Today, he and his wife are the proud parents of five children ranging from a newborn to age 22. The family is a big fan of jeeping and camping, hobbies they pursue whenever possible.