A proven business is one of the most overlooked and most important benefits of a franchise business. A good franchisor has documented the processes necessary to make a profit in the vertical they inhabit. They’ve made the mistakes and documented how to avoid them. They’ve put together a playbook that when executed leads to predictable, positive results.
Why Franchising?
Franchise businesses offer several advantages over non-franchised businesses.
Learn MoreHere are some of the
Significant Advantages
Proven Business Model
Training & Support
Franchisors provide training and ongoing support to franchisees. This support may include site selection, marketing, and operational guidance, guidance on attracting and retaining the best employees. Franchisees benefit from the experience of the franchisor and receive ongoing support to help them succeed.
Access to Financing
Franchisees have access to financing options that may not be available to non-franchise businesses. Banks and lenders are more likely to provide loans to franchisees since the franchise model has a proven track record of success.
Lower Risk
Franchise businesses have a lower risk of failure compared to non-franchise businesses. The franchisor has already tested and refined the business model, reducing the likelihood of mistakes and missteps.
Marketing & Advertising
Franchise businesses benefit from the marketing and advertising campaigns of the franchisor. The franchisor may run national or regional campaigns that promote the brand and attract customers to the franchisee’s location.
Three most common paths to
Franchise Business Ownership
Owner/Operator
You work in and on your franchise business on a daily basis. This can be as a single unit operator or as a multi unit operator. Either way, we can help you find the perfect franchise for you.
Semi-Absentee Franchise Ownership
You work on your business while keeping your day job. People in corporate jobs often use this route to get their business established before making the leap to becoming a full time business owner.
Empire Builder Franchise Ownership
This path is full bore business building and can be started either semi-absentee or full time.
Who makes a
Good Franchise Business Owner?
Follow the proven system
One of the biggest advantages of franchising is that the franchisor has already figured out what works and what doesn’t. A good franchise owner is willing to follow the proven system and processes that the franchisor has put in place. That doesn’t mean you have no room for innovation. In fact the best franchisees in any system are innovators, and they improve the overall system with their innovation. The innovation just has to work within the system and not against it.
Good Communication Skills
You’ll be working closely with the franchisor and other franchisees. A good franchise owner is able to communicate effectively with all stakeholders, including employees, customers, other franchisees, and the franchisor.
Believe in the System & the Product
The top producers in any franchise are not usually the smartest, the most creative, or those who come in with the best resume or the most financial resources. The top franchisees are those who believe in the system and the product or service being delivered, and execute the system with the most energy. Not coincidentally, they’re also always the most happy folks in the franchise system. In summary, select a system you believe in then: Work Hard, Follow the System, Make Money, Be Happy!