Franchising Offers a New Career Path
Franchising Offers a New Career Path
• The first step of reinventing your career as a franchisee is carrying out adequate research of the market. Decide beforehand what category you want to join, as there are lots of concepts to choose from. Select something where your interests lie; even if you do not have experience in that field. Most franchisors are looking for individuals with excellent management and people-skills and they are happy to take even a fresher under their wings. So, if you always wanted to be a pizza chef, here is your chance of owning a successful pizzeria without having to master the art of pizza-making! Moreover, you get to choose a company that fits your budget. Of course, don’t forget to observe the present market scenario before opting for that segment. For example, if the market is saturated with numerous pizza outlets, then it is better to open a Mexican fast-food franchising business, if the food and restaurant industry is the segment you prefer.
• Securing a good financial base should be your next step in entering this new career path. Most UFOC and the franchisors themselves will give you a rough estimate of how much money you will need. But, it’s your job to arrange for that money. One of the most prominent sources is, of course, the SBA-backed loans, which sometimes pay as high as 75% of the required money! If you are not keen on taking a loan, then financing through your IRA schemes or taking helps from friends and family members are certainly good options. But, always keep two things in mind. Never touch your retirement and children-education funds and arrange at least 50% extra amount on top of your estimated budget. Taking help of experienced accountants can be another alternative.
• Another major step in the process will be getting your family-members to support you. The change of your career-path will affect them the most, so they should always be taken into consideration before you change your plan. They can also be good practicing ground for enhancing your selling power. If you cannot sell your dream to your partner, how will you convince your lenders about your ability?
Franchising Offers a New Career Path - To learn more about this author, visit Michael Hemenway's Website.
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People leave their careers for a variety of reasons. They may either get bored with their present career path or find that they have reached a deadlock. It’s also possible that they have more pressing need at home. Even the present economic condition is making several individuals leave their current jobs and look for alternative careers. For majority of them, franchising business is the safety net they fall back on. Are you one of them? Then this is the article for you.
• The first step of reinventing your career as a franchisee is carrying out adequate research of the market. Decide beforehand what category you want to join, as there are lots of concepts to choose from. Select something where your interests lie; even if you do not have experience in that field. Most franchisors are looking for individuals with excellent management and people-skills and they are happy to take even a fresher under their wings. So, if you always wanted to be a pizza chef, here is your chance of owning a successful pizzeria without having to master the art of pizza-making! Moreover, you get to choose a company that fits your budget. Of course, don’t forget to observe the present market scenario before opting for that segment. For example, if the market is saturated with numerous pizza outlets, then it is better to open a Mexican fast-food franchising business, if the food and restaurant industry is the segment you prefer.
• Securing a good financial base should be your next step in entering this new career path. Most UFOC and the franchisors themselves will give you a rough estimate of how much money you will need. But, it’s your job to arrange for that money. One of the most prominent sources is, of course, the SBA-backed loans, which sometimes pay as high as 75% of the required money! If you are not keen on taking a loan, then financing through your IRA schemes or taking helps from friends and family members are certainly good options. But, always keep two things in mind. Never touch your retirement and children-education funds and arrange at least 50% extra amount on top of your estimated budget. Taking help of experienced accountants can be another alternative.
• Another major step in the process will be getting your family-members to support you. The change of your career-path will affect them the most, so they should always be taken into consideration before you change your plan. They can also be good practicing ground for enhancing your selling power. If you cannot sell your dream to your partner, how will you convince your lenders about your ability?
Franchising Offers a New Career Path - To learn more about this author, visit Michael Hemenway's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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