Is franchising right for you?
Franchising is not a way of working that suits everyone. In fact, there are certain attributes and personality traits that you need to have that might not suit every single candidate.
People are attracted to franchise opportunities because of the flexible way of working that it offers and the opportunity for growth, but there are other aspects to this way of working that will need to be considered.
Someone who wants to get involved in franchising will have to be willing to adopt someone else’s way of working. A franchise will often have an established framework and system that will need to be adhered to in order for a franchisee to fit in with the requirements of the franchisor.
You will also need to be able to manage other people and be able to devote enough time to this.
There are more personal aspects to consider too, such as whether you have enough money to invest in the franchise; particularly in the early stages. And you will need to consider whether your partner will support you even if you have to spend a lot of time and money on your new venture.
Franchising certainly isn’t for everyone, but it’s a rewarding way of working if you have the right attributes to suit it.