Social Engagement: High
What’s What: If you dream of owning your own business, but you’d like a head start on starting up, there are many options for investing in a franchise.
Amava Take: Many people want their own business, but unless you’ve built up experience in an industry where you can “hang your own shingle” or you have a novel idea and the connections and risk profile to get it off the ground, you may want to start with something proven. That’s where the wide world of franchising comes in. There are upfront costs and other challenges, but there’s also the chance to get up and running with your own business quickly and efficiently. Before you know it, you could be running a business that’s the hub of your community!
From the Front Lines:
What kinds of candidates are you looking for to fill these positions?
The most successful franchise owners work hard and pick things up quickly.
Any tips for first-timers to make it a productive and fulfilling experience?
Take the training materials and tips and tricks to heart. When you’re dealing with an established brand, you don’t need to reinvent the wheel.
What’s a typical daily schedule like?
Days are busy and there’s a lot to do. It depends how many shifts you hire others for versus how many you manage yourself.
From the Trenches:
What’s the most satisfying part of the job/experience?
Having a plug-and-play business model so I can focus on meeting customers and making some money.
How would you describe the hard parts?
The buy-in is big, but having steady profits and a work identity is very worthwhile.
What surprised you the most about the experience?
The business still feels like mine, yet I’m also part of something bigger.
Special Requirements: Anyone who can put together the financing can buy a franchise. Getting familiar with the pros and cons is an excellent first step.
Related Classes: Managing Customer Service, Mastery of Business Fundamentals, Skills for Making Great Decisions, Start Your Own Small Business, Keys to Effective Communication, Interpersonal Communication, Effective Selling, Effective Business Writing, Creating a Successful Business Plan, Business and Marketing Writing
Finding a Position: Before plunging in, research the most successful franchises. Consider which are popular, what the upfront costs are and which might do well in your community. Many organizations that rank franchises have online support if you have questions.