Franchising is by far the better way to approach a dream to become your own boss and create that better life much more efficiently than going it alone.
What should a great franchise do for me that I can't do for myself?
1. What should a great franchise
do for me that I can’t do for
myself?
2. “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.
3. 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”
4. 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.
5. 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 due
diligence and research path in order to minimize the risks.
You will plan the strategy, develop your goals and perhaps
employ a mentor or coach.
6. Ultimately the path will converge at a point to decide what
vehicle will be the best – independent start up, or invest in
a franchise.
Franchising is by far the better way to approach a
dream to become your own boss and create that better
life much more efficiently than going it alone
7. According to FranNet, one of the leading franchise
consultancy companies, here are the top reasons to consider
a franchise, rather than go it alone:
1. Mitigate risk by utilizing a proven system
2. Maximize awareness through an established brand
3. Shorten ramp up leveraging tools, resources and people
4. Focus on your strengths while leaning on the franchise
company to gill the gaps
5. Take advantage of better buying power and financing
support
6. Project out and build up, rather than get stuck in the day to
day
7. Maximize financial returns
8. Capitalize on group coaching, training, owner conferences
and distance learning, while remaining independent
9. Being a part of future expansion opportunities, or valuation
support for the perfect exit strategy
8. 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.