Franchise

The Fairytale of Job Security

Getting a job, sticking it out for 35 years, and retiring with a gold watch and a hefty pension used to be the American Dream.

That level of employment security is no longer available. Corporate restructuring and departmental changes have recently had a disastrous impact on long-term employment. Then the Pandemic struck, and everything fell apart.

Businesses closing left and right, with no chance of reopening, ended the chapter of a guaranteed job. At one time last year, it was anticipated that 42% of layoffs would result in permanent job loss.

But don't worry! There is an alternative to gambling with your career. Become your own boss!

Escape your cubicle and embark on the self-employment seas!

Could It Really Be That Simple?
Most likely not. Starting a company from nothing is like taking a cross-country road trip without a GPS.

Discover Your Dream Franchise
With over three thousand franchise opportunities available, there must be one that piques your interest.

The Research Is Already Done
A franchisor has already spent a significant amount of time and money investigating all aspects of the business. They understand your customers, your market, and all of the figures and finance needed to get started.

Unrivaled Training and Assistance
Your success is the success of the Franchisor. They have a vested interest in your success as a franchisee. They will also ensure that you receive ongoing support after your doors are open.

A Brand With a Plan
The best part about owning a franchise? You're joining a brand that already has a roadmap. The main point is that you are starting with a proven plan, not an unknown brand, from the beginning, which can make the route to success a lot smoother.

Purchasing a franchised business does not ensure success. However, it ensures that the chances of success are better than beginning a business from scratch.

If you’re ready to begin your path to franchising security, please schedule a brief call with me.

Not Ready to Retire? A Franchise Consultant Can Help You Find Your Next Business Opportunity

If you're nearing retirement but still feel as creative and ambitious as ever, I have good news for you. You are not required to accept the previous generation's golf course retirement package.

Actually, as a new retiree, you'll have the life experience and financial security to finally pursue your career goals that weren't realistic when you were young, inexperienced, and moving up the corporate ladder.

You are now in a position to be your own boss. One of the best possible business options for retirees is franchising. You can use all of the skills you learned on the job in your first career, regardless of your role, to successfully run your own business.

Is it too late to start a second career at the age of 60? No way! There isn’t an age limit to begin a new endeavor. In fact, when it comes to franchising as a second career, your age is one of your most valuable assets.

"Older professionals possess wisdom and resilience acquired over many years in the workforce, and that is a great asset when it comes to running a business," Forbes writes.

As a franchise owner, your second career will provide you with far more freedom and flexibility than your first. Purchasing a franchise ensures that you will have built-in support from the parent company. There is less risk than starting your own business from scratch.

As your Franchise Consultant, we will discuss the type of work-life balance you desire in this new stage of your life. My inside knowledge of the industry can help you find some of the best franchise brands that fit your life goals and values that are also currently thriving.

I can also point you in the direction of franchises with the lowest risk. You want to take control of your dreams and destiny at this point in your life, not gamble them away. Joining a long-standing, successful franchise reduces risk and creates ideal conditions for franchising as a second career.

As you plan for retirement, please schedule a brief call with me.

Ready To Leave Your Job? Make Sure You Have a Safety Net

Would you attempt an acrobatic trapeze stunt for the first time without a net and safety harness? You probably wouldn't because there's a good chance you'd fall. The same can be said for business ownership.

If you've never been your own boss, going it alone can be difficult, frightening, and full of unknowns. According to the Small Business Administration, one-third of all new businesses fail within the first two years.

What is frequently missing from failed businesses is a safety net, which is exactly what franchising provides.

The safety net provided by a high-quality franchise is a tried and tested concept, with operations, branding, distribution, accounting, technical support, brand, and so on all in place, tested, and ready for a sharp, hard-working entrepreneur to join the team.

You want to change careers but don't have the funds to keep you afloat for several months while you wait for your business to break even and start putting money in your pocket.

There are numerous franchises available that are designed for a quick start-up that can be semi-absentee, manager-run.

With thousands of franchise concepts available in the U.S. today, there has never been a better time to pursue your dream of business ownership while creating a safety net.

Do you need a safety net? If so, please schedule a brief call with me.

Franchise Investment vs. Real Estate Investment

An investor's mindset is the same whether they are investing in a franchise, a piece of property, a stock, or anything else.

Investors want to build their wealth, as well as their net worth and passive income sources. They want to build equity, and real estate and franchises are the best ways to do so.

Real estate is appealing because properties appreciate over time and require little money to manage and maintain compared to the asset's value.

Franchises are appealing because they are tried-and-true, effective systems that have been made simpler so business owners without specialized industry experience can still manage them.

Due to a variety of factors, including back-end support and infrastructure, training provided to a franchisee's employees, research and development done by the franchise, advertising and marketing, access to funding, and an endless list of other benefits, franchisees can produce a positive cash flow very quickly and yield a high return.

With a franchise, no other type of business strategy has been as straightforward as this. Because of these advantages, franchises build equity each month that they are in operation, and with a good franchise, a franchisee can expect a positive net return.

So, for an investor, franchising is a great way to build wealth, passive income, and equity growth. Therefore, if you are a serious investor, you should consider a franchise to diversify your wealth.

If you’re an investor and would like to add a franchise to your portfolio, please schedule a brief call with me.

Looking For An Additional Income Stream? Franchising Is The Answer

If you want to supplement your income, owning a franchise could be the perfect option. Whether you're an employee, an existing business owner, or a retiree, owning a franchise is a great way to earn additional income.

You can enjoy the independence of owning a small business while receiving the support of the franchise's established systems and network if you own a franchise. Franchises provide the advantage of generating repeat business for a consistent stream of income.

If the franchise allows for absentee or semi-absentee ownership, you can run a successful business without quitting your day job but while earning an additional income.

When you own a semi-absentee franchise model, you can devote time to developing your managers while fostering loyalty and trust. When evaluating a franchise, consider how many of the owners own multiple locations.

Many salon owners, for example, own multiple locations. They obviously operate as absentee or semi-absentee owners and do so successfully. Knowing that other business owners are succeeding should instill confidence in you that you can as well.

Here are some types of franchises that offer semi-absentee or executive-operated type ownership. They might be the best options for you to start with.

Boutique fitness franchises
Personal Care franchises
Children's Education or Well-being franchises
Laundromat franchises
Salon franchises
Home Service franchises

Regardless of your current career or job status, owning a franchise is a great way to create an additional income stream.

Are you interested in an additional income stream? Please schedule a brief call with me.

Should You Expand to Multi-unit Ownership in an Economic Downturn?

Recessions are nearly impossible to predict with 100% accuracy, but certain franchises have a better chance of surviving one. Some industries frequently face greater challenges during economic downturns when consumers watch their spending more closely.

However, many recession-proof franchise industries provide essential goods and services that are in high demand regardless of the state of the economy.

While no industry is truly recession-proof, those franchises that offer necessities and even what might be considered minor luxuries are in a good position to maintain and expand their business during trying times.

Even during a financial downturn, owning more than one franchise unit is a viable option for many business owners. Multi-unit owners can shift their focus to expanding their network of locations. Managers and other senior staff are frequently delegated operational tasks so the owner can focus on growing the business.

Owning multiple franchise units, particularly within the same market or brand, has certain economic and efficiency advantages. Aside from increased income, many multi-unit owners value the revenue diversification that comes with managing more than one franchise location.

Owning multiple franchises is sometimes a safer investment because you do not rely on a single site for your revenue. Rather than relying on a single source of income, multi-unit owners can spread the risk across multiple locations, resulting in an optimal operating environment for generating incremental wealth.

When you scale a business through multiple unit ownership, you have more sources of income as you expand and are better equipped to handle unforeseen economic downturns.

If you’re ready to grow your wealth and expand your franchise, please schedule a brief call with me.