How to set up a Franchise
Setting up your own franchise business is very different to starting a business from scratch. Your journey starts by researching which franchise brand suits your ambitions and skillset. From there, the franchisor will facilitate your growth, working alongside you to implement their proven business systems and softwares.
Despite extensive training and support delivered by your franchisor, the time and effort you commit to your new business will heavily contribute towards its success or failure. Ensure you are fully aware of what is required before joining any franchise opportunity.
Do Your Research
Starting a franchise business begins with your initial research. There are various types of franchise available for you to invest in, so you need to make sure that the business you choose is the right choice for your future.
Ask the franchisor about their business systems, franchisee training and ongoing support. You should also clarify what is required of you to make your new business a success.
Later in the recruitment process, you will be required to prepare a prospective business plan. At this point, you will be able to assess if the returns match your ambitions.
The Neighbourly Way
Yasser began his Drain Doctor journey as a plumbing apprentice but recognised the franchise business as an opportunity for the future.
Utilise Your Franchise Package
Each franchise opportunity should provide you with the tools to build a successful business. It is essential that you use these tools effectively to progress your franchise branch.
It is important to follow the franchisor’s processes throughout your term as a franchise owner. They are experts within their field and have the data from a network of like-for-like businesses to advise you on the correct decision.
Starting a business requires your full attention, and franchises are no different. Whilst the startup process is streamlined and your decisions are guided by an experienced team, nothing can replace a dedicated business owner with a passion for their work.
Align your thinking with that of your franchisor and adopt their core values to achieve a mutually successful relationship.