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Translate Your Current Job Skills to Franchise Ownership

Written by: Michael Hemenway

Article Overview: Some kind of job skill is needed to qualify as a franchisee. You can have marketing, sales, administrative and management expertise to find success in the franchise world.

Translate Your Current Job Skills to Franchise Ownership

No matter what they tell you, certain prior skills and experience are needed when you go to buy a franchise. Most franchises, even the best franchises, take in people with no experience, but as entrepreneurs. They all want candidates who have experience in other fields, which are utilized by them to turn the candidates into expert franchisees. So, if you are thinking about starting a franchise, look into your resume once more and see what kind of experience you have. Most franchise opportunities don’t call for industry-specific skills (except very few); they need people with general business skills to run their franchises. Here are some job skills that you can translate into a career as a franchise owner:

• Have you been working in such a position that called for team work? Were you a supervisor of a team for many years? Then why not use that leadership skill to buy a franchise of any of the service-based franchise opportunities in the market! Maid-service, janitorial-service and handyman-service are some of the franchise concepts that look for an efficient team leader to guide a team of workers. Even computer maintenance franchise concepts like Friendly Mobile Computer Service want competent leaders to manage technical people expert in fixing any kind of computer-related problem.
• Did you regularly communicate with different kinds of people in your job and really enjoyed it? Then franchise opportunities, especially those that need you to be people’s person, can be ideal for you. Retail industry and food industry are the two categories to look for franchise business for sale offers in such cases.
• Maintaining a schedule and working under guidance is very essential in franchising. Every franchisor will have a strict guideline on how you can run the franchise. If you are a good listener and can take orders easily, then you are perfect for franchising. Almost any category is good for you to buy a franchise from. The franchisees need to follow the orders of the franchisor to succeed and this is one of the reasons why veterans (used to military lifestyle and taking orders) do so well in franchise business!
• Are you from marketing background? Is networking your forte? Then Business-to-Business franchise opportunities are good choice for you. This franchise category needs people who can market themselves well and know how to talk to people in business.

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Article Tags: business for sale, competent leaders, computer maintenance, different kinds, food industry, franchise business, franchise concepts, franchise opportunities, franchise owner, franchisees, franchisor, general business skills, good listener, handyman service, leadership skill, maid service, mobile computer service, retail industry, strict guideline, team leader



Related Forum Posts
Re: Enticing Franchises - Top 9 List - All Franchise listed above are in millions of dollars. Do you have the list of Franchise in thousands
Re: Info for would be franchisers... - [quote="Sebastien":1d29sdv1]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to. I just want to mention that all these magazines are NOT franchisee oriented. I mean these magazines are for franchise professionals. If you're looking to buy a franchise, you won't find much information in there. To answer your question, getting published in Franchise Times was fairly easy. I don't want to brag too much but I think I am known in the franchise industry. I was the marketing guy at Franchise.com for a few years before joining my new company, the World Franchising Network. So people know me and I have a very good relationship with Nancy Weingartner, the Managing Editor at Franchise Times. I was talking with her at the last Franchise Expo South in Miami and she mentioned she'd like me to be profiled. I was like "ok, sure!". I like this franchise executive profile thing in Franchise Times as it is rarely BS. People are usually really natural in there.[/quote:1d29sdv1] Thanks for the follow up Sebastien! And I can't say that I'm surprised that networking with the right people and managing your relationships with them properly are the keys to being published. I guess the old adage holds true of "it's not who you know, but who knows you" that's important.
how much for a franchise fee? - Dear Colleague There is no easy answer to this question. Things to consider: [list=] The sizeof the Franchise Clent base Expected Turnover Intellectual Property costs (recoup) Number of Franchises Number of employees Original Set up costs Franchise admin costs An example: A franchise that I was involved in setting was to a simple "lawn mowing/home repair" franchise. The Franchise included national/local advertising - preparation of client lists - general admin - central accounting etc The Franchise involved 300-500 clients - and an annual turnover of about $300,000 . The annual franchise fee was $30,000. Hope that this gives you some idea Take care Ian[/list]
Re: Franchise Surveys - Another good tool to researching a franchise is to speak with their existing franchisees. This contact information is included in most Franchise Disclosure Documents. In order to get a Franchise Disclosure Document or FDD as it is often referred to, you will have to complete a basic franchise application. The franchisor will then usually provide you with the FDD at that time. Included in that book of information is a list of the existing franchisees, the contract, the investment information etc... This information is required by Federal Law to be disclosed to your prior to making a purchase. So be sure to do your research and start with the Franchise Documents to get the initial information.
Re: Five Personality Traits of Successful Business Owners - 1. Focus 2. Ability to Adapt 3. Hard Work 4. Good planning 5. People Skills


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