Franchising Offers a New Career Path
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Free Download - Are You Franchise Material? By Michael Hemenway |
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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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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Marcus ArkanMarcus Arkan currently serves as the President/Principle Broker of Syndicate Mortgages Inc. After working with a number of Canada's top financial institutions, the experience and knowledge he gained throughout his professional career combined with his drive and entrepreneurial spirit led him to develop his own company. The operation began in 2003 in the basement of his home and now has flourished into a successful corporation with a head office in one of Metropolitan Toronto's busiest sectors and 10 branch locations employing over 100 mortgage professionals. His organization is now one of Ontario's leading mortgage brokerages specializing in residential, commercial, and construction financing. He holds the designation of Accredited Mortgage Professional from the Canadian Association of Accredited Mortgage Professionals. This allows him to differentiate himself from other mortgage originators and demonstrates his commitment to the highest standards of industry performance. For more information on Mr. Arkan and his Syndicate Mortgages Inc., please visit www.syndicatemortgages.com. - Visit Marcus Arkan'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 4000+ students 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 home staging guides made up of a Design Guide, Color Guide, Portfolio Guide and Twitter Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva'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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