Four ways franchising can help you reclaim time and devote it to other priorities in your life.
1. Franchising allows you to avoid “reinventing the wheel” by simplifying start-up and on-going operations
By opening a franchise, you will be replicating other successful businesses. All the essential elements of establishing the business, as well as the on-going operations, have been established, tested, and refined. Ultimately, the endless “trial and error” process that is the hallmark of small business is simplified thereby allowing you, the owner, to concentrate on the core mission of your business. In turn, this will allow you to reallocate the countless hours spent “reinventing the wheel.”
2. franchising short curcuits “micro-management” by establishing consistent, easy-to-follow systems
Again, because franchising is based on replicating success, all franchises are built on a platform of systems that, if adhered to, should produce similar results to other franchises in the network. This includes start-up planning and design, physical location, personnel, IT/systems, marketing, billing/invoicing, customer service and virtually all operations of your business. Because these “systems” are built-in and are the same across the entire franchise network, it is easier for your employees to be trained and to assume managerial responsibilities. This minimizes the greatest time sink in small businesses: micro-management. Once again, this time can be reallocated to your personal life.
3. franchising lets you take advantage of cutting edge technology to streamline your business.
It is inaccurate to view franchising as an avenue solely for people escaping corporate life. Our clients come from a wide range of backgrounds including young entrepreneurs, recently retired service professionals (military, police, fire, educators), business owners seeking to expand and diversify their holdings, returning professionals (moms!) and yes, those leaving the corporate world.
4. Franchising gives you layers of support to help you overcome challenges and access new solutions
A well designed franchise allows new franchisees to enjoy the success others franchisees have had.
By joining a franchise system most of the reasons people do not start their own business can be overcome. A good franchise will provide:
well designed and tested products/services
facility design plans
extensive training programs for owners and employees
fully integrated computer management systems
robust marketing plans and, very often, national call centers
an on-going commitment to product/service development
a central staff of professionals dedicated to franchisee support and on-going training.
Most importantly, a well-established franchise will provide the new franchisee with it’s most important asset: a well-known brand name that consumers know and trust.