When deciding whether to invest in a franchise, it’s normal to have a few questions and hesitations – you’re about to embark upon a big life change! To help you to make the right decision, here are a few questions to get you thinking…
Why do you want to own a franchise?
Knowing your ‘why’ will help to make sure franchising is the right fit for you. If you want to run your own business, with the support of an existing business plan and resources, you crave the independence of business ownership and you have the drive to push your business to succeed, then these are great reasons to invest in a franchise!
However, if you want to invest in a franchise to ‘skip the queue’ to business success, you’re looking for a 9-5 job or a ‘get rich quick’ scheme, then franchising is probably not the right option…
What are your strengths and weaknesses?
It’s important to think carefully (and honestly!) about what your personal skills are – and where you may be lacking, too.
When you invest in a franchise, you’ll be running your own business, so need to be ready for all of the requirements that come with that. Are you prepared to be totally dedicated to your business? To be able to stay cool under pressure? To give great customer service in all situations?
Knowing what strengths and weaknesses you can bring to your franchise business will help you to know where you can really excel, as well as when you may need to reach out for support. Luckily, our experienced team are here to lend a hand along your journey, and by investing into a successful business model you’ll have a blueprint to follow.
How much time and money are you able to invest in your business?
Planning out how much you’re able to financially invest in your business, as well as how much you’ll need to earn to support yourself and any dependents, is a key part of setting yourself up for success.
It’s also helpful to look at the time you have available to put into your business… as any business owner will tell you that you only get out what you can put in!
While franchising can give you more flexibility than a typical employed role, it can also mean that you may need to work irregular hours, especially when you’re getting your business up and running. Being realistic about how this can work with your lifestyle will help to make the adjustment easier.
Most importantly, if you have the drive to take ownership of your future by running your own business, and you have the passion to work through any challenges in order to make your business a success, then you’d make a great franchisee.
To find out more about how The Fine Cleaning Company can help you start your dream business, simply get in touch today – we’ll show you how easy it is to get started.