Category: Blog

Your Future Starts Now

Franchising is a way to be in business for yourself but not by yourself.  The concepts that franchise their business are looking for true partners that will be ambassadors of their brand and trust that franchisees will grow the business using their proven systems.  With over 5,000 brands to choose from, it can be overwhelming to decide what concept is best.  It is important to work with a consultant that works with numerous brands in order to find the perfect fit.  It is also very important to know that the companies are pre-screened and have committed to the same investigation process that your consultant uses so there will be consistency as you proceed with your due diligence.

Finding the Right Franchise

An important attribute of a successful consultant is their history helping candidates, such as yourself, find the perfect fit for them.  Some have helped 100s of people figure out what they are looking for, using a proven technique, for many years.  The ideal consultant accomplishes this by getting to know you personally.  They dig in and asks the hard questions while guiding you with compassion and understanding during the process.  You should feel as if you are family while they guide you through the turbulent waters of entrepreneurship. 

Sometimes, your consultant needs to do what it takes to keep you focused on the goal.  Your consultant needs to be able to separate pretenders from contenders because the franchise companies are looking at you as hard as you are looking at them.  You need the type of consultant that will be able to help you understand what it takes to be a franchisee and will not let you move forward if you are not a good fit.  If you are a good fit, they know what is necessary in order to make the perfect match between a true buyer and franchisor. They need sharp listening skills, broad knowledge and discriminating judgment in the franchise industry in order to help people control their destiny and realize their dream of becoming independent business owners.

Experts state that there is a much higher success rate for businesses that the owner is excited about.  Your consultant must focus on the business attributes that you have interest in.  Sometimes this means getting excited about the business model, no matter what the product or service is.  Other times, there needs to be passion for the product or service.  It’s up to you and your consultant to uncover what path is best for you.  You will discuss risk tolerance and investment levels that are appealing.  The topics of product vs. service, storefront vs. home-based businesses and the type of employees, if any, would be ideal.  Much more will be discovered and everything will be analyzed in order to increase your ability to succeed.  There will be no stone unturned and you will be in a position to make an informed decision.

The Right Franchise Consultant Leads to Success

Your consultant must be able to truly understand your skill-sets and past experiences.  They also need to have a clear understanding that the majority of franchisors do not want you to have any experience in the business they are in.  They would rather train you on their systems and processes instead of having to break bad habits that may exist.  The training they provide is designed to get you up to speed in a meaningful way so that you can hit the ground running.  The ongoing training and field support will enable you to continue to grow your business with confidence.

Your consultant must be able to identify current and future trends. Due to the current climate, essential businesses are a priority right now.  There are many franchise options that are essential both now and when the cloud of COVID is lifted.  Landlords are providing incentives never seen before.  Lenders are offering great rates.  Franchisors are supporting franchisees more than ever.  There will be pent-up demand for goods and services once the worst is behind us.

The Franchise Discovery Process

It is your process and your timeline but it is important to know that the typical investigation process using a skilled consultant takes 3-6 weeks.  Once you make the decision to move forward, the time it takes to open your franchise will vary based on the type of model you choose.  If there is real estate/storefront involved, it will take up to 6-months to open.  This is because the site selection, lease negotiations, design and build-out can take time to manage.  If you choose a service-based business, you can open after your training.  Most service-based businesses can be open within 2-3 months and some even faster. 

Navigating your destiny does not have to be done solo.  There are professionals that can help you figure it out if you trust their process and feel comfortable getting help along the way. Reach out, even if you’re not sure where to begin. That’s where we come in!

Taking Control of Your Destiny

Over the past 20-years of helping people realize their dreams of business ownership, I have seen the economy go through cycles that, for most, are just cycles. There certainly have been three major blips, 9/11, the recession of 2008, and now COVID-19. Did these cycles define how everyone does business or was it the ability to pivot by operators of the businesses that drive the success? You have heard it before… adapt and conquer. This too shall pass. Survival of the fittest. Those who got up in the morning and took control of their destiny coined these phrases. 

Four things will happen post-COVID.

1. There will be pent-up demand for goods and services.
2. The businesses that do not survive will vacate brick and mortar locations, driving landlords to offer incentives to fill them with new tenants
3. As the government continues to stimulate the economy, money will be cheap.
4. Your corporate job may or may not still be there, as there is no security when you depend on others to earn your living.

Why Now?

The investigation and funding of franchise opportunities takes 4-8 weeks. Once the decision is made to move forward with the perfect franchise for you, there is training that could take another 4-6 weeks, depending on the concept. If there is real estate needed, you can add another 3-6 months. The dust will settle by the time you are ready to open your doors and you need to take advantage of this time to be ready for business.

Why Not?

The jobs of today are not secure and obviously neither is the market. You have no control over either and there has never been a better time to control your destiny. You will adapt and conquer. This too shall pass. You will survive.

Ask Yourself:

1. Are you currently a CEO, CFO or hold a high management executive position?
2. Have you ever thought of growing a business on the side with a semi or fully absentee ownership model while keeping your day job?
3. Does your current job and day to day work efforts build someone else’s business and wealth other than your own?

If you answered “Yes” to any of these questions, you may be the perfect candidate to diversify your wealth, all while keeping your current day job.

New Business Opportunities for All

If you are still reading, perhaps you are ready to begin investigating franchise business opportunities. I have the perfect franchise model that will allow you to keep your day job and provide the flexibility of time to grow wealth on the side. The attributes of this franchise model are designed for the executive professional, offering a recession-proof niche, mass appeal brand, excellent validation with happy and successful franchisees, rapid break-even, proven model, revolutionary on-line marketing campaigns, semi- or fully-absentee ownership, hiring staff and ongoing support systems in place, world renowned brand with over 300 locations and no unit closures in the past five years!

If you are an investor who prefers to be absentee, but knows a great opportunity when he or she sees it, let’s talk. Best of all, my consultation and franchise investigation services are free to all prospective franchisees!