Finding a franchise to purchase is only the first step in the process of becoming a franchise owner. Most people decide that franchising might be an avenue they are interested in exploring and get on the internet to find out that there are over thirty-six hundred different franchising opportunities available. That can be very intimidating for someone looking to invest. And when there are that many choices, the gravity of choosing can often leave people feeling paralyzed with indecisiveness.
Not all franchise opportunities are suitable for everyone, but how do you go about weeding through the many thousand to find a good fit? That is where I come in. My job is to help guide you through the process of discovering which ones will provide you with both wealth building and satisfaction. Choosing the right type of franchise isn’t just about staying within budget; it is also about finding what speaks to you personally and professionally.
How do you Know Which Franchise is the Best Fit?
Many people do not have the faintest idea about finding the right franchise fit for the greatest likelihood for success. They are also struggling with questions about whether franchising is a more solid venture over starting their business idea from the ground up. A franchise inherently comes with less risk, but it is highly critical to find the opportunity that speaks to you on a personal level.
Deciding what franchise to invest in is one of the most significant decisions that you will make in your lifetime, which is why having someone to help guide you through the process is so critical. Let’s say you’re buying a car. You would want details like the safety history, fuel efficiency, size, color, and features before buying. Blindly choosing a franchise is no different than not researching a car before you buy. Just like you’d need to know a whole lot more than the vehicle has four wheels and an engine, you must know the ins and outs of investing in a franchise to make the best decision not only for you but your entire family.
“The secret of getting ahead is getting started.” – Mark Twain
What can a Franchise Consultant do for You?
Finding the right franchise entails first figuring out your dreams, goals, passions, and budgetary constraints. It isn’t just about the money you are investing; it is about building a vision for wealth and independence. Asking questions about what you want to achieve personally and where you want to be financially-speaking are essential to your investment. Also, you have to understand how your values play into your franchise ownership investment.
What type of organizational culture suits your personality style? Typically, more mature franchises will feel more “corporate” versus emerging franchises in the market. If you want to get away from rigidity and corporate formality, you might have to target younger, more entrepreneurial organizations. But the only way to know what you are seeking is to define what things are a priority to you as a person and a business owner.
Having someone, a consultant or a coach, assist you will help your search be more systematic and all-encompassing. It will also afford you the greatest chance of success and reduce the time it takes to consider your options. Honing in on a franchise model from the start will not only save you time, but it will also make your decision much easier and less stressful.
"Frannexus helped me explore franchising and they can help you too. It might just change your life". - James Roller, Frannexus Client and Franchise Owner
Why is Professional Guidance Key to Your Successful Franchise Search?
The beauty of owning a franchise is that you don’t have to go it alone or reinvent the wheel. When you purchase a franchise, you are buying into a proven road map for success. The same should be valid for finding the right franchise. Why go it alone and try to navigate the process when there are professionals like me who can help you evaluate your individual needs. I can also help you sift through the process more quickly and with a greater likelihood of finding what you are passionate about.
Our job is to help you make a significant decision for your future. We are trusted advisers who have the knowledge and expertise to help you find precisely what you are looking for. When you understand that a business is a vehicle to get you to your intended destination, you also realize that choosing the right vehicle is critical for a smooth and safe ride. If you choose the wrong vehicle, it can quickly lead you in the entirely wrong direction.
How do you make the Right Franchise Investment?
My role is to make sure that you choose the right franchise to give you the greatest chance for success. I make it possible for you to connect to existing franchise owners and previous ones to ensure that you know exactly what type of vehicle you are buying, how much maintenance it requires, and how comfortable it is. Once you find the franchise that speaks to you personally, all you have to do is follow the recipe exactly as outlined, and you will get to the finish line limiting potholes along the way.
The biggest mistake I see people making is not properly exploring franchise ownership and being riddled with misperceptions and false assumptions about what franchise ownership entails. Although franchises come with less risk, that doesn’t mean that they are all passive, absentee, or turnkey ownership that is “set it and forget it.” The one sure thing I can tell my clients is that there are only two things that run on their own; one is a business, and the second is a car, but they only run downhill if not appropriately manned. So, how much time do you want to spend at the wheel? Let’s explore what vehicle you want to drive to your financial future.