Find your Fit to find your Path

It's time to stop procrastinating, get your business plans into shape, and find your best fit in franchising! If you have been thinking about a business for a while, but you're just not sure about the best way to get started, you are not alone. The good news is that franchising is where people turn when they don't want to go into business by themselves. When you invest in a franchise, the franchisor will be your "coach" and there to cheer you on. Franchisors will also guide you to accomplish your goals while performing better year over year (over year). You will have access to a network of other franchisees experiencing the same things as you.
However, not all brands are created equal. Some thrive on training, going the extra mile with a high degree of hand holding. While others facilitate interaction amongst their network of franchisees but are light on the "nitty-gritty" of training after you initial on-boarding. Neither is better than the other, but that's why finding the right cultural fit in your franchise choice is vital to your success.
If you are thinking about your future and what you should do next, finding the best industry for you is a must. Don't be afraid to consider industries or concepts that are outside of your "passion" zone. We often get caught up in things we love and miss out on a great opportunity to achieve our goals. Franchising is a great and proven way to enter an industry or concept you have little to no familiarity with and succeed!
For instance, if you love wine but your business goals include turning a profit as soon as possible, then a wine-related franchise may not be the best fit. Investing in one may not put your on as fast a path to profitability. If you do not want to manage people, but are considering a brick-and-mortar concept that is labor-intensive, this may be the wrong path for you to meet your goals even if the business is a success!
Within any industry, you will find investment levels that start in the $50,000 range, all the way up to a million dollars or more. You will often find differing concepts and models to consider against your own goals and background. As a Certified Franchise Consultant, I help you to choose a brand that fits you best. The right franchise will kickstart your business faster than if you did it on your own. Then, once you have proven that you and the brand are a good match, you can always open a second or third unit and turn a modest start into a bigger play as a multi-unit operator (or not - it's YOUR choice!).
This year is the year to find your path! Don't hesitate to focus on what feels right and make a change in your own lifestyle. Start a business that gives you the energy to grow, succeed and achieve your goals.
7/21/2022