Investing - a scary concept to some, an exciting concept to others. Specifically speaking,
though, for individuals looking to dive into the business world as a business
owner, investing in a franchise might be one of the most appealing approaches
to take. Pursuing a franchise is exactly that, an investment (and a big
one), therefore anyone who sets out on this journey will likely want to
make the most of it and ensure their time and money doesn't go to waste!
Now, let's fast forward just a bit - once a list of potential franchises
are lined up, the next step would naturally be to receive more information
about the products, services and business processes. And where will you
get that from? While their website might have some of the information
you need, your franchisor or individuals that work closely with them,
will have the details you are looking for. As you stay in touch with your
franchisor, we suggest keeping an eye out for the following
qualities and characteristics to determine which one is the right one for you to work with -
Success Rates: Since being successful is likely your main goal, always try to find out
more information about how successful each franchisor has been with their
other franchisees. Most of the time you should be able to receive some
data about their previous sales and earnings, so don't be afraid to
ask for it.
Training Opportunities: Even if you are well-versed in the products or services a franchisor offers,
you can't go wrong with additional training. If a franchisor seems
uneasy about offering ongoing support, training and communication, chances
are they should be crossed off the list.
The Product: When it all comes down to it, the product or service that is offered by
the franchisor can make or break you. Even when they have stellar marketing
strategies, if their product or service is sub-par, it will be difficult
to thrive in a competitive market. Therefore, be sure to analyze how quick
the franchisor is to focus on their products rather than their own success.
By paying close attention to the way your franchisor communicates with
you, and by asking the right questions, you can be sure that you have
found one that will help you rather than hurt you. And let's face
it, isn't that the point of it all?
As an award winning franchisor, we at
bluefrog Plumbing + Drain® have made it our priority to constantly offer training and support to
each of our franchises. Furthermore, we are committed to helping our franchisees
realize their business and personal goals on an individual basis. For
more information about our current franchise opportunities, please give
us a call at 888-490-9850 today.