Franchising…a safer route into business start-up
Franchising…a safer route into business start-up
For the majority who are use to working 9-5 for someone else, taking that leap into the unknown of starting our own business is a scary and risky proposition. No solid business idea, no support, no management experience, no IT skills…sound familiar? If so, then all is not lost; franchising could be the ideal route into business start-up for you.
Buying a franchise allows you to be your own boss whilst being part of a larger support network; as they say in franchising “you are in business for yourself, not by yourself”. It permits you to work in a particular industry where you don’t necessarily need to have previous experience, and as you are ultimately buying into a tried and tested formula, the risks are substantially lower. The latest “bfa/Natwest Franchise Survey” highlighted that 91% of franchisees claim to be profitable.
Franchisees come from all walks of life and backgrounds, with ready-made business opportunities offered across a wide variety of industries – fast food, cleaning, B2B, motoring, home furnishing, pet care, children services, gardening, health and fitness, beauty, printing – to name just a few; franchising is no longer restricted to fast food and coffee!
Big brand names such as McDonalds, Thorntons, Dominos Pizza, Snap-on Tools, Costa Coffee, Apollo Window Blinds and Bang & Olufsen are all franchises. However, before you start visualising yourself as the next owner of one of these top name businesses, you need to undertake serious research, because as wonderful as it sounds, franchising unfortunately isn’t for everyone.
Franchising requires a particular mind-set and attitude, like the willingness to stick to someone else’s system, without wanting to make changes. You will also have to manage, market, promote, and sell, as well as undertake the many other tasks that have to be completed on a day-to-day basis. In essence you will be the director, sales executive, I.T guru and admin person rolled into one!
You now might be attracted to the idea of running a franchise, but do you really know what is required of from you. Next month we will address the areas that you need to look at before starting down the franchise route.
Franchisinga safer route into business startup - To learn more about this author, visit Suzanne Donald's Website.
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If this article has grabbed your attention, then the chances are you are interested in becoming your own boss. However, the million dollar question for many will be, “what can I do?”
For the majority who are use to working 9-5 for someone else, taking that leap into the unknown of starting our own business is a scary and risky proposition. No solid business idea, no support, no management experience, no IT skills…sound familiar? If so, then all is not lost; franchising could be the ideal route into business start-up for you.
Buying a franchise allows you to be your own boss whilst being part of a larger support network; as they say in franchising “you are in business for yourself, not by yourself”. It permits you to work in a particular industry where you don’t necessarily need to have previous experience, and as you are ultimately buying into a tried and tested formula, the risks are substantially lower. The latest “bfa/Natwest Franchise Survey” highlighted that 91% of franchisees claim to be profitable.
Franchisees come from all walks of life and backgrounds, with ready-made business opportunities offered across a wide variety of industries – fast food, cleaning, B2B, motoring, home furnishing, pet care, children services, gardening, health and fitness, beauty, printing – to name just a few; franchising is no longer restricted to fast food and coffee!
Big brand names such as McDonalds, Thorntons, Dominos Pizza, Snap-on Tools, Costa Coffee, Apollo Window Blinds and Bang & Olufsen are all franchises. However, before you start visualising yourself as the next owner of one of these top name businesses, you need to undertake serious research, because as wonderful as it sounds, franchising unfortunately isn’t for everyone.
Franchising requires a particular mind-set and attitude, like the willingness to stick to someone else’s system, without wanting to make changes. You will also have to manage, market, promote, and sell, as well as undertake the many other tasks that have to be completed on a day-to-day basis. In essence you will be the director, sales executive, I.T guru and admin person rolled into one!
You now might be attracted to the idea of running a franchise, but do you really know what is required of from you. Next month we will address the areas that you need to look at before starting down the franchise route.
Franchisinga safer route into business startup - To learn more about this author, visit Suzanne Donald's Website.
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr'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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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster'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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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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