BlogInformation that gives you franchise industry trends and current franchise news.
Congratulations! You have signed the purchase agreement and now you are a proud owner of your own franchise business. But who is going to operate the business on a day-to-day basis? It’s important to make sure the franchise ownership model you choose is the right fit and aligned with your lifestyle and financial goals.
One thing about a franchise serving the needs of children is that there is more than just a monetary reward – you are in a business that makes a difference. There is a high demand for children education and activities in good times and bad.
Are you a Baby Boomer? Nowadays to retire is not the same as 50 years ago. In fact, numbers show that the 50-plus generation are working to stay employed during their golden years. Many of these olderpreneurs are wanting to reap the advantages of being their own boss, schedule their own work hours and continue wealth for themselves and their families.
In the pre-Covid-19 world, we could travel almost without limitations, meet people without restrictions and attend crowded events with little fear of becoming ill. This has all changed. Telling customers that you have changed your processes and procedures to keep them safe is not going to be enough to build trust with consumers. Or is it? What are your thoughts?
We have learnt from historic global events like the 2008 financial meltdown that while many businesses suffer during economic downturn, some still perform well and continue “business as usual”. The Covid-19 pandemic has impacted us all. So why is it still “business as usual” for some?
You have decided that now is the time to buy a franchise. Deciding which values you would build your ideal business on and deciding which franchise to become part of is a BIG decision – choosing a franchise is like choosing a family.
What most people don’t know is that when franchise companies (Franchisors) are looking for franchise owners (Franchisees) they very often do NOT require you to have any experience in their industry. In fact, in many cases they prefer that you do not.
As 2019 wraps up, we tend to reflect upon our successes. Some of us made life changing career moves and took that leap to control our own destiny. If you didn’t, ask yourself one question: Am I exactly where I want to be in life?
Most people, at some point in their life, have thought of owning their own business. However, for most it has never moved beyond a daydream. The biggest reason for this is fear – fear of failure.
The franchise process can be daunting if you tackle it alone, for sure. However, if you are serious about getting into business for yourself, but not by yourself, there is a solution to dealing with this that saves you time, money and stress – it is a franchise consultant.