Running a business all on your own can be a lonely venture. Not only are you going solo, but you are solely responsible for the costs and responsibilities that come with running a business. Being self-employed is a wonderful way to make a living, but going it alone doesn’t have to be the only way of doing it. Have you given any thought to franchising instead?
Franchising is one of the best ways to run a business, especially if it’ll be your first time doing so. Going the route of franchising not only allows you to experience the benefits of self-employment, but it allows you to experience true entrepreneurship with added support as well as several other advantages of franchising—indeed a worthwhile investment.
"I did not expect to be doing this well, financially, when I took this on in 2013. When I took this on, our goal was to have one bus and now, 2018, I have 8 staff, an office manager, 4 busses, and 4 territories so. IT'S AMAZING!"
Of course, before you consider franchising, it’ll be essential to know what exactly you’ll be getting into. Are the advantages of franchising any different than the benefits of self-employment? Let’s take a look:
Starting a new career with a franchise as a franchisee means you’ll be abiding by the rules set up by the franchise itself. Don’t worry — they’re not like your corporate 9-to-5 boss. Many franchises give their franchise owners a lot of flexibility and leeway when it comes to running the business. Good relationships between the franchise and the franchisee are a win-win.
One of the enormous advantages of franchising is not having to worry about the tough job of building a brand or marketing strategy. Franchises have that set up from day one and all you need to do is run the business. Businesses run smoother when you have name recognition and trust in the consumer base right from the start.
Getting into an established company and brand means that you have a proven track record. As a franchise owner, you will reap those benefits and build your career up better and stronger than you would by going it alone. Running a franchise also means your returns come higher and faster.
Experience is excellent but not necessary when going into the franchise business. Most, if not all, franchises will have training readily available to help better you run the business and understand the industry as a whole. Training happens at the very beginning and is ongoing to help you stay on top of industry trends.
Going it alone really means just that: being alone. Support, in all the shapes it comes in, is hard to come by. With a franchise, you’re set up for success and never left in the dust. When times get tough, they’re there for you. If you’re looking for entrepreneurship with support, franchising is the way to go.
The corporate world isn’t the right fit for everyone, especially those seeking fulfillment and joy in the work they do. Corporate America makes people cogs in the machine that are easily replaceable and unappreciated. Self-employment allows you to break from the chains of repetitive and meaningless work. And franchising in an industry you care about grants you even more flexibility to do the work you love.
To experience the complete advantages of franchising and truly enjoy your work, it’s vital to find out what industry is right for you. Are you looking to work with kids, food, entertainment? Whatever your preference, consider the following advice:
Take a hard look at your financial situation. Can you afford one franchise over another? Does this franchise you want cost too much? It’s essential to know your investment limits so you can find a franchise that allows you to respect those limits and possibly even provide you with financing options to help set you up.
Investing is a serious business so take the time to find a market and an industry that is strong and makes you feel good about investing. Find a franchise that has the qualities you’re looking for to make a strong start.
Money doesn’t necessarily buy happiness. Don’t expect to feel satisfied just from making a hefty profit. Find a franchise doing work you love and are passionate about. It’s important and meaningful to feel fulfilled in your career, and like you’re making a difference in your community. If you can thrive and make a solid living doing what you love, wouldn’t you want to take that chance?
You’ve probably been asked where you see yourself in 5 to 10 years or something similar when it comes to your career goals. When you own a franchise, don’t just think about what the first five years in business will be like, but ask yourself if that business will not only help you reach your long-term personal goals but also satisfy your life’s ambitions. It’s crucial these goals align when you’re starting a business because you can’t have one without the other. Plus, it just feels good knowing that you can have both.
Once you find a franchise you like, it’s time to research. Investigate their business model, brand and marketing, what other people think about it — everything! Franchising is a big life decision, so don’t go into it lightly. Ask questions, be thorough and take your time. At some point, you’ll want to take a close look at the Franchise Disclosure Document (FDD) to gauge the strength and viability of the franchise.
When asked if I'm loving FUN BUS, I always answer: Definitely! My passion is for connecting with people, especially kids, and providing positive reinforcement and building self-esteem. FUN BUS is perfect for that.
If you are interested in investing in a franchise, the number of options can be overwhelming. How do you know where to begin? When it comes to appreciating the advantages of franchising, it’s worth becoming familiar with the industry you’re looking to franchise in.
The preschool franchise industry has been growing steadily, and this growth is projected to continue, making it a viable option. There are an estimated 74+ million children in the United States (or about a ¼ of the population), which is expected to reach 80+ million by 2030!
This population represents the large consumer base fueling the growth of children's play franchises! Another positive statistic shows parents are spending more money on their children than ever before.
A mobile gym franchise for kids is proven to be recession resilient. Parents always want the best for their children and spend money on education and extracurricular activities even in times of economic downturn.
FUN BUS is a mobile gym franchise that capitalizes on three of these lucrative industries: Kids’ fitness, summer camps and children’s birthday parties. When it comes to investing in preschool franchises, FUN BUS is the best choice in the industry.
Contact us today to discover a children’s gym franchise’s possibilities and determine if you’re our ideal candidate. Why wait to experience the advantages of franchising? Start your future with FUN BUS today!
Many people are interested in the idea of franchising. Still, not everyone has what it takes to be a Franchise Owner. In some cases, Franchise Owners need to have direct experience in their industry to run a franchise properly. Logistical requirements like available capital and legal qualifications may make up another fraction of the puzzle. Franchise Owners will also need the following skills and qualifications in order to thrive in the role.
In order to enjoy the advantages of franchising, it’s crucial to have a flexible and adaptable mindset. While coming into the experience with a business plan and a set of goals is wise, it’s essential to remember that things change, and you may need to pivot over time. Being a Franchise Owner requires a readiness to change and a willingness to go with the flow.
While many Franchise Owners will need specific industry experience, others will mostly outsource client-facing work to contractors and employees. Either way, strong leadership skills are crucial in running a thriving and fulfilling franchise. Leveraging strategic leadership strategies makes it possible to thoroughly enjoy being a Franchise Owner.
Attention to detail and strong administrative skills make it possible to run a successful franchise without being bogged down by stress. Keeping small tasks and everyday schedules organized and streamlined can help save time and resources in the long run.
Opening a franchise can seem mysterious and intimidating for a first-time Franchise Owner. A good franchise will help potential owners along the way to ensure that the owner will be successful. If you feel like you have all the necessary skills, you can learn more about becoming a Franchise Owner with Fun Bus here.
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