Friday, April 29, 2011
Career Opportunities as a Franchisee
By Greg Helwig
In this challenging economy where there are six job seekers for every job opening, many would be surprised to learn that one viable option is to take your employment matters into your own hands by starting a franchise business. For those with an entrepreneurial spirit, starting your own business as part of a larger franchise operation offers the opportunity to take control of your destiny and forge your own path.
As for the type of business you decide to open, another positive factor is that inexperience in your chosen industry does not have to be a barrier to entry. There are a number of sectors poised for continued growth, from food service to fitness to child care.
Joining a franchise organization provides entrepreneurs with crucial technical and industry support -- important components that are not present when starting as an independent operator. An added benefit of working with an established franchisor is assistance in accessing start-up financing.
Be in business for yourself, but not by yourself
Franchising is a great way for people with little or no experience in a particular industry to start (and grow) their own business. It allows you to become independent and pursue your career goals while capitalizing on the experience and support of an established organization.
Important skills and personality traits
People with the following characteristics and background typically make for a good franchisee:
In addition, having a sales, marketing or business background is a plus since you will want to think of creative ways to market your business. While these are not requirements for achieving your desired goals, they are factors that can help lead to thriving business.
Knowing when to take the leap
Starting a new career or job can have its challenges. If you think that you are interested in becoming a franchisee, you first need to ask yourself what you need to be happy. Your ideal lifestyle, career and income are all important factors to consider.
Next you need to think about what industry you would like to be involved in, such as food service, retail or child care. For example, those with a love for children or an education background might consider an educational child-care franchise.
Once you have narrowed down your areas of interest, conduct research to learn about various franchisors in that industry and then call the headquarters to discuss their offerings, requirements and financing options.
Selecting a franchise that will be a true partner
As you get to the final stages of selecting a franchisor to work with, it is important make sure that you are forming a partnership with an organization that works best for you. To ensure that you are getting the most out of your franchisor, keep the following tips in mind:
If you are frustrated by the current job market or looking for a career in a field that you are passionate about, opening a franchised business may be the right step for you. Working with a franchise operation provides you with the support you need to begin a business along with the tools you need to make it successful. For self-motivated job seekers, franchising allows you to do what you love and ultimately take control of your career.