You have decided you want to be your own boss, but are still very concerned to go it alone. Understandably starting any “fresh business from scratch is a big ask for anyone. So, you start down the track to investigate a franchise. The brand looks attractive and they appear to be successful.
But is it the right franchise opportunity for you and your family? Are the hours you may have to work or the financial pressures going to help or hinder your family work/life balance? No point jumping out of the frying pan and into the fire?
At Balance Enterprises, we are on a mission to empower family business owners get an effective family business life balance out of their business. We understand that being in business or starting your own business is one of the most demanding and rewarding experiences of your life.
If you start up from scratch or invest in a franchise the goal is the same. You want to have a business that leads you to your goals and works for your family.
Franchises can certainly be the best solution for many people. Their proven systems in training, support and marketing can fast track your business growth. You can be in business for yourself but not by yourself.
Your franchise journey starts with the recruitment stage.You meet the franchise salesperson, he or she is very friendly. They tell you all the great things about the opportunity. It seems a recipe for guaranteed success. Some franchisors even guarantee your income. This seems to be the fool proof way to get your business career off and running.
The danger is the salesperson has an agenda to make the sale. Frequently they will have nothing to do with you after you join the system. There is no accountability if he ‘oversells” the benefits and “undersells’ the responsibilities.
The challenge for the potential franchise is getting a true handle on the reality of what is required from them to make their franchise successful. If is important to get independent advice on the opportunity presented to you. Talk independently with franchisee in the network.
There are thousands of franchise systems on the market that can make you a good living in. The industries are just as varied.
Maybe the lower end of the investment franchise business opportunities suits you? The home services, house cleaning, dog washing, car detailing, lawn mowing and garden care, It and computer services, courier services, pool care, test and tag, pet grooming or carpet cleaning, mobile coffee van, personal trainers, just to name a few.
Maybe you see yourself more in the retail space or food.
This can cover the café industry, sandwiches, pizzas or clothes. Alternatively, there are others you may not have even realised where a franchise network like the home builders G.J.Gardiner Homes. Then there are all the Gym franchise systems like 12RD and Jets. If you want to really aim for the top end the holy grail of franchising “McDonalds’. The list of franchise opportunities goes on and on. It can be very overwhelming for the potential franchisee.
Balance Enterprises are focused on independently evaluating these business from their performance in family balance.
Even if these franchise opportunities make money but are incongruent with the results you are pursuing for your family, they may not the right business for you.
We can help you evaluate the opportunities and empower you with all the information for you to make your own informed decisions.
Independently, matching the right person to the right business opportunity is the secret to franchising success.
We will do our own studies on the systems in the market place and supply reports on “Family Friendly Franchise Systems”.
Alternatively, we can work one on one to help you find the franchise business opportunity that fits you personally.