If you’re considering becoming a franchisee you may be overwhelmed by the amount of advice available.
That’s why, we’ve compiled this list of franchise advice you need to hear!
Learn everything you can about franchising
Buying a franchise is a great way to run your own business. You’ll be able to take advantage of brand recognition, end-to-end business systems and ongoing support. However, you will be doing so under a franchise agreement. There are many perks to franchise agreements, but like any business decision, it’s important to do your own research. For this reason, we recommend learning as much as possible about franchising (and your future career) before signing on the dotted line.
Don’t be afraid to ask questions
Once you’ve chosen the franchise you wish to join, don’t be afraid to ask questions. You will want to learn the ins and outs of the franchise you are considering purchasing and as we like to say, there is no such thing as a bad question. If you’re someone who has trouble formulating what to ask, consider writing down a list of questions as you read through paper or electronic documentation. This has the added benefit of allowing you to compile your thoughts and ensures you get all the answers you need.
Ensure you take advantage of all training opportunities
Once you’ve signed onto a franchise it’s vital that you take advantage of all training opportunities. Franchisees are in a unique position in that they are able to learn from an experienced mentor who has not only started their own business but made it a successful one too! They will have a wealth of information to share, so get your notebook ready and start learning.
Don’t ignore the processes
As mentioned above, your franchisor will have spent valuable time and money developing their brand or service. This means that their processes and end-to-end systems have been designed to work. Their success is proof of this. So, while it may be tempting to think you can go out on your own and create a better system – it pays to listen to and follow their processes. This is one of the perks of owning and operating a franchise rather than starting a small business from scratch.
Prioritise your work / life balance
It can be very easy to get swept up in the excitement of owning your own franchise. You may want to put in extra hours to get it up and running sooner. You may also start to neglect your down time, self-care or even the relationships in your life. While ensuring your franchise is a success is important – so is your own health and wellbeing. For this reason, we stress the importance of prioritising work / life balance. This will look different to everyone, but one way of ensuring everything gets done and you still have time to look after yourself is to schedule your days, including time for yourself, into a calendar. This may not seem important during the early days, but you’ll thank yourself later on when you have an effective system in place.
Now that you’re up on our franchise advice… Home Sorted! are on the lookout for like minded individuals who would like to turn their hobby of sorting into a career. You may even be aware of this since you’re reading this blog. We encourage you to learn more about our unique business opportunity and how it can set you up for the future by submitting an enquiry today.
It’s that simple: www.homesorted.com.au/franchise-opportunity-2/
So, what are you waiting for!