For anyone looking become a successful franchisee, Select Your Franchise’s recent Hangout On Air may be a great resource for information for you. The event, broadcast on 25th April, features Graham Robson, Business Doctors’ franchisee. This video is ideal for anyone considering investing into a business and is seeking the freedom that a franchise can offer.
Business Doctors franchise partners provide a high-quality package to SMEs, supporting their varying needs and facilitating them to grow. Established in 2004 by Rod Davies and Matthew Levington, Business Doctors is a network of entrepreneurs who are passionate about sharing their experience and skills with small and medium sized businesses.
The interview was broadcast online within Select Your Franchise’s Hangout On Air programme and is ideal for anyone considering investing into a franchise that delivers all the support, training and leads you need to grow your business. The event was hosted by our Managing Director Nick Strong.
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Our Hangouts On Air happen on Tuesdays from 12.30pm.
In these times of economic change many people are considering what they might do with their futures.
Many of us are driven by motives of ambition, redundancy or even preparation for retirement and are looking to franchise business as a potential way forward. Clearly franchise business and self employment is right for some and not for others.Below are some tips for finding the right franchise for you. The tips will also help you determine if infact franchising is right for you or not.
When you have completed the above steps you will be in a position to decide what franchise is right for you. It will then fall to you and the franchisor to sign contracts, pay fees and set up training and your franchise business launch programme.
Take your time, find the right franchise for you and work with the franchisor and your customers to build your own successful business.
It is always advisable to look at a number of franchise options before making a commitment. Essentially you need to know how much capital you can access, where you want to trade and the type of market you are interested in.
Be careful not to stick too closely to markets that you already know or have a lot of experience in. Most Franchisors actually prefer to find franchisees that have no experience in their sector.
The reason for this is as a new franchisee who is ‘green’ to the market, you will be very teachable and will therefore follow the franchisor’s proven system closely.
Franchise owners consistently state that an enthusiastic following of their proven system produces the most successful franchisees. It is, after all, the proven system that separates the franchisee business owner from the ‘have a go Joe’.
Following the proven know-how will always be the best route to success for any franchisee. That is why a franchisor’s intellectual property is so valuable. It quite simply is what separates you from the rest.