What should a great franchise do for me that I can't do for myself?
What should a great franchise do for me that I can’t do for myself?
“You can have everything you want, if you help enough people get exactly what they want” – Zig Ziglar The franchise business platform is that very way to help each party – company and individual owner - get exactly what they want.• Otherwise, independently the company is focused solely on itself and its returns, and the entrepreneur works in a vacuum void of collaboration and efficiencies.
According to Management 2000 – a company dedicated to the betterment of franchising at the corporate level -what motivates anyone to make the leap from employee to entrepreneurship are two basics reasons: To gain something missing, or avoid something that is tolerated. The internal conversation sounds something like this:“The job is just not cutting it anymore; time to control my own destiny”
People strike out on their own from a deep passion, or pain that drives the decision.But the passion/pain are the underlying forces that are powered by the values we all hold deep inside. The values are (not necessarily in this order): • Independence • Controls • Financial freedoms • Fulfillment • Challenge • Wealth and equity Simply put, a better life.
So why Franchising? If you want the better life, and you feel being your own boss is the way to get it, you will embark on a full duediligence and research path in order to minimize the risks.You will plan the strategy, develop your goals and perhaps employ a mentor or coach.
Ultimately the path will converge at a point to decide whatvehicle will be the best – independent start up, or invest in a franchise. Franchising is by far the better way to approach adream to become your own boss and create that better life much more efficiently than going it alone
According to FranNet, one of the leading franchiseconsultancy companies, here are the top reasons to consider a franchise, rather than go it alone:1. Mitigate risk by utilizing a proven system2. Maximize awareness through an established brand3. Shorten ramp up leveraging tools, resources and people4. Focus on your strengths while leaning on the franchise company to gill the gaps5. Take advantage of better buying power and financing support6. Project out and build up, rather than get stuck in the day to day7. Maximize financial returns8. Capitalize on group coaching, training, owner conferences and distance learning, while remaining independent9. Being a part of future expansion opportunities, or valuation support for the perfect exit strategy
In franchising,• Results and key performance metrics are measured• Coaches or field directors are at the ready• Operations teams are keeping an eye on the bottom line for you• Sr. staffers are only a phone call away Ultimate success still lies from within, but a franchise is a business platform that is designed to build disproportionate market share and raise the results for all members.
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