Opinions expressed by Entrepreneur contributors are their very own.
It is not laborious to inform when an worker is prepared for a job change. After I see people who find themselves so tired of their jobs that they are simply going by way of the motions or so sad that they begin complaining, making unfavorable feedback and getting snippy with everybody, I do know it is time for them to go.
If that sounds such as you, however you do not wish to land in one other model of the identical unfulfilling state of affairs, it could possibly be time to advertise your self from worker to boss because the proprietor of your individual enterprise — and franchising often is the good selection for somebody with drive and ambition however not essentially the expertise of entrepreneurship.
At United Franchise Group (UFG), we now have about 1,600 franchisees in virtually 60 nations, and most of them have transitioned from one other profession; many can achieve this with out having labored within the business they’re investing in.
So, listed here are 5 causes to make your subsequent profession a franchise:
Associated: How To Know If Franchising Is Proper For You
1. You recognize it really works
It is a contemporary begin in a confirmed enterprise mannequin, with a sexy steadiness of danger and reward. Whenever you buy a franchise, you get an organization whose merchandise and processes have been examined and perfected in the true world, with actual clients and staff. Plus, you get the priceless energy of representing an already established model that is acknowledged and trusted.
2. You get invaluable coaching and assist
Not like beginning an unbiased enterprise from scratch, becoming a member of a franchise offers you coaching, set-up help and assist, together with shared assets like cooperative promoting and mass buying. At UFG, we additionally present assist discovering a location, negotiating a lease, constructing out a flooring plan and lots of different duties, with ongoing assist so long as the franchisee is with us. We actually have a mentor program in place that fosters a relationship between skilled, profitable enterprise house owners and new house owners. We consider a longtime mentoring program is likely one of the most dear issues an organization can do.
Due to applications like these, you possibly can open your small business with a excessive consolation degree, so that you’re free to concentrate on constructing and rising your small business quite than engaged on so many duties that it takes time away from development.
Associated: Which Franchise is Proper For You? Comply with These Steps
3. There is a franchise to suit virtually anybody
Firms in virtually each business can be found as franchises, and also you’re more likely to discover one which fits your persona, abilities and objectives.
In my expertise, all personalities work in franchising besides the “know-it-all” who refuses to comply with established procedures (and their maverick type does not work in lots of corporations, franchise or not). Following the system is critical, so in case your ego will not can help you study from others, a franchise will not be best for you.
4. No expertise is critical
At our franchise manufacturers, our coaching and assist programs imply you do not have to return from the business you are investing in. Typically, lack of expertise generally is a profit; you are not bringing previous habits which may go towards your franchisor’s procedures.
You really want to love the enterprise, nevertheless, and particularly what that enterprise can do for (or to) your life-style. I additionally counsel that you simply select a enterprise you want or have some affinity for. If you cannot inform a monkey wrench from monkey bread, an auto restore franchise might be not for you. Look for a corporation the place you possibly can make the most of your strengths in gross sales, advertising, communications or know-how.
Earlier than making a last resolution, analysis the business. Meet the franchisor and the crew to get a intestine feeling about all of it, after which go to different house owners. Go to their opponents, too, and communicate to professionals within the enterprise earlier than making a last resolution.
5. Franchisees nonetheless have management
Whereas company management does dictate that sure procedures be adopted, the franchisee nonetheless has plenty of freedom and suppleness in managing their enterprise. Each crew ought to embody administration, advertising, gross sales, manufacturing and know-how, however the best way these groups are utilized is as much as the franchisee. At UFG, we get our greatest concepts from our franchisees, so it is vital to provide them the liberty to make selections whereas balancing them with our profitable programs.
Associated: 7 Suggestions for Aspiring Franchisees from Prime Franchisors
All companies ramp up otherwise relying on gross sales and bills, however the typical timeframe is six to eighteen months. That first yr or so is at all times the hardest for any form of enterprise, as you’re studying a brand new business, hiring all new workers and discovering your method. A franchise has lots of the identical challenges, however with assets to make the expertise rather less overwhelming. As proprietor, you’ve gotten a handbook to refer again to at any time, and you may at all times depend on company leaders and fellow franchisees to have your again.
Franchising offers you all the advantages of huge enterprise with the liberty of being an area proprietor. When you’re contemplating taking a leap out of your present job, you possibly can rely on a security internet that will help you make a softer touchdown.