Monday, June 16, 2014

Former Home Depot Manager Opens House Doctors Franchise

Daniel Zurbrigg is one of the newest franchisees to join our Network. A former Home Depot Manager, he recently opened a House Doctors handyman services franchise. Daniel who has built his own house and has a number of rental properties is building his team of skilled handymen who will offer professional home repair and improvement services to homeowners and commercial property owners in Naples, FL and surrounding areas.

Franchisee Wants To Control Own Financial Future

Daniel wanted to create his own financial success so he made the move from Home Depot Manger to House Doctors business owner. He started his business just last year and is already seeing great success. His customers service rating is in the top 10% of House Doctors franchises across the Nation already, and he is one of the fastest growing locations that House Doctors has had over the last few years.
Daniel believes that the professional House Doctors model is one of the reasons for his initial success. He has a live person answering the phone, his vans are wrapped, and his technicians are uniformed, insured and bonded as well as scheduled to turn up on time.

Franchisee Wants To Create A Better Lifestyle

Daniel, who is building a professional handyman and home improvement company in his community, is a family man and lifestyle was important to him when choosing a business to get involved in. The fact that House Doctors was an Executive Management Model that you could build income, equity and lifestyle with was one of the main reasons that Daniel chose the Brand and it has not disappointed so far. He enjoys the fact that House Doctors, in general, is a 9-5, 5 Day a Week business that gives him time at week-ends to enjoy with his family.

Thursday, June 5, 2014

Considering Buying a Franchise with Your Spouse? 4 Factors to Evaluate

In many cases, owning a franchise or any other type of business with a partner is a very wise decision. While there's something to be said for being completely independent, having the support, understanding and help of someone else can also be a significant asset.

When it comes to business partners, some people go out in search of new ones before getting involved in a specific business. Others work with the same partner they've launched and built other successful businesses with. And for a certain group of future business owners, their interest lies in running their future business with their spouse.

It wouldn't be hard to fill up a book with jokes about working with your spouse. But all kidding aside, this arrangement has worked very well for plenty of married couples. So if it's something you're seriously considering, here are the key factors you need to take into consideration:

Interests and Skills

The reason that "opposites attract" is such a prevalent saying is because it's true. And when it comes to business, that can be a good thing. For example, if you excel at sales but not details, having a spouse who's got a keen eye for financial details can be a significant asset for the franchise you purchase. On the other hand, if you both have extremely strong opinions about the same issues, working together could result in you spending more time clashing than actually taking actions that help the business to grow.

Both Ready to Work

If you and your spouse are seriously thinking about purchasing a franchise together, it's important that you're both at a point in your life where you can devote your full attention to the business. Whether it's with a spouse or anyone else, one of the most common reasons partnerships fail is because one person is putting more of their energy towards the business. This inevitably leads to that partner resenting the other and ultimately pushing for the partnership to be dissolved.

Separation of Personal and Professional

While spouses who run franchises together don't need to hide the fact that they're married, it's also not necessary for them to engage in public displays of affection in front of clients or employees. The same is true for fighting about issues related to the business. In order for spouses to be successful, they need to have clear boundaries between their personal and professionals lives.

Have Ways to Spend Time Apart

Just because you work with your spouse doesn't mean you should spend 24 hours a day together. In order to maintain the right balance, you need to find opportunities to be apart. Thanks to all the technology that's available, plenty of married couples who run franchises together do so from different locations. Because digital sharing is so easy, someone can work at home and the other at an office without any loss of productivity.

At the end of the day, only you can decide whether or not buying a franchise with your spouse is a good idea. While this is definitely a big decision, as long you as you apply the same scrutiny and objectiveness that you would with any other potential business partner, you'll ultimately make the right decision.

If you and your spouse are considering a franchise opportunity, learn more about House Doctors by clicking the Request Info button below:

How to Develop the Right Mindset About Buying a Franchise

Buying a franchise really can be the most effective way to take control of your financial future. However, just because there are a lot of compelling reasons to buy a franchise doesn't mean this is some kind of shortcut to unlimited wealth and freedom. Because franchises are businesses, they still require work in order to succeed. While that doesn't mean you'll be out interacting with customers on a daily basis, far too many people are under the belief that once you purchase a franchise, you can book a one-way ticket to the beach the next day.

Since buying a franchise is a major business decision, it's important to have the right mindset about this purchase. So if you're wondering whether or not you're thinking about the right things in regards to purchasing a franchise, let's look at five common mental traps people fall into about franchises. Those traps are buying because:

You're Out of Options

Although they may have had a very successful career, people in certain industries definitely face discrimination as they get older. In many cases, this happens when they feel too old to switch to a new industry but are still too young to retire. In this type of situation, someone may convince themselves that their only option is to become a business owner. While it's easy to understand that mindset, necessity is almost never the right reason to purchase a franchise. Instead, wanting to purchase a franchise because you've created a solid foundation for yourself and are ready for the next step in your professional life is the right mindset to have.

A Franchise Sounds Trendy

One of the most common reasons people get involved with franchising operations that aren't nearly as solid as they should be is because the franchise is in a "hot" market. But just because something sounds cool now doesn't mean it's going to be a viable business 5 or 15 years down the line. When it comes to properly evaluating a franchise opportunity, make sure you put any current hype aside and objectively evaluate its long-term potential.

You Love a Product

While it's definitely beneficial to have an interest in the business you're entering, being absolutely in love with a specific product or other type of business doesn't guarantee that it's a solid franchising opportunity. The last thing you want to do is let enthusiasm cloud your rational judgment.

The Location is Nearby

The location of a franchise can play a big role in its success. But that fact shouldn't be misinterpreted as choosing a franchise that's convenient to where you live. There are many other elements of a franchise that are significantly more important than personal convenience.

You Found a Business Partner

Finding someone who says that they will go into the franchise business with you isn't enough of a reason to make this decision. While a partner can be very useful for running a successful franchise, a lot of other factors needs to be in place as well.

Although deciding to become a franchise owner can be very exciting, it's vital to keep a level head. Doing so will ensure that you ultimately make the right decision about the franchise that best fits your financial goals.

Do you feel ready to look into becoming a franchise owner? Learn more about a House Doctors franchise by clicking this button:

Can You Use Your 401(k) to Buy a Franchise?

If you're thinking about buying a franchise, one of the key considerations you have to make is how you're going to finance it. For some potential franchisees, the answer to that question is to use cash they earn from a liquidity event like selling a piece of property. For others, the option they choose is to get a loan.

Since each financing option comes with its own set of pros and cons, the most important thing is to explore all of the options that are available. And during the course of that research, one of the options you'll discover is using your 401(k). Because it is possible to use this source of financing to purchase a franchise, you may be wondering if it's a smart option.

To help answer that question, let's take a look at some of the benefits of utilizing this financing option:

Don't Have to Take on Debt

While a loan secured at a favorable rate can be appealing, it still requires you to pay back what you borrow. When you use your 401(k) to finance your franchise purchase, you won't have to worry about owing money to a lender.

Avoid Risking Personal Assets

With many loans, people put up assets like their homes as collateral. Even with a solid plan, this can still create a risky situation. By using your 401(k) instead, you'll be able to eliminate that source of risk.

Increase What Can Be Reinvested

Whether it's a franchise or a business someone starts on their own, any business that's started with the help of a loan is going to have to make repayments on a monthly or quarterly basis. Since those payments can take up a significant amount of the money that a business is generating, it can reduce how much an owner is able to put back in the business. So by utilizing a source of financing that doesn't require any repayments, more of the money generated by the business can be put back into it.

How Can You Use Your 401(k) to Start a Franchise?

Now that we've covered the reasons that a 401(k) can work well as a source of funding for a franchise, you may be wondering what steps you need to follow in order to actually utilize it. Thanks to legislation that was passed in 1974, this process is actually easier than most people expect. The first step is for a new C corporation to be formed. Next, the newly formed company can sponsor the 401(k) plan. After that, the new 401(k) plan will be able to purchase stock in the corporation, which can then purchase a franchise. Finally, any existing retirement funds can be rolled into the new 401(k).

Since purchasing a franchise, as well as using any percentage of your 401(k), are significant decisions, be sure to speak with a trusted financial advisor before finalizing anything.

If you think you are ready to learn more about starting a franchise, and want to look into a House Doctors franchise, click here:

Tuesday, June 3, 2014

House Doctors Franchise: Re-building Gains Momentum

Re-building A Franchise: House Doctors Turnaround Continues

Who doesn't want to be part of something that's
exciting and moving forward? Welcome to House Doctors!

It's been a long road, starting in Scotland all those years ago. My father never had a car so we walked or jumped the bus when going anywhere. In some ways those early bus journeys may have shaped my life.

I used to watch other families on TV ride cars and I really wanted us to have a car. With my first wage I didn't get the car but I did get a new TV for my folks which meant we could now watch the cars in color.

When I think back sitting upstairs on a double-decker bus when it maneuvered it's way through the housing estates of Glasgow was a pretty unpleasant experience. I remember that on numerous occasions after a bus ride I stepped off and threw up.

It's funny how facing up to adversity can build inner strengths. I've never felt I needed to take the easy route since. So re-building a franchise system didn't really phase me when I believed in the market and the franchisees. I'm an entrepreneur at heart who truly believes in the franchising model and the American Dream and I came to House Doctors to be the difference that helps other's make their dreams reality.

I bought the company just two years ago and the progress in that time has been nothing short of outstanding.
We've launched a new website, improved marketing and support programs, and introduced new strategic partners. We're kicking sales up a gear also. 12 new franchisees have come on board recently.
Same store sales, franchises 2 years and over, are up 41%, so our existing owners are happy. Some are now booked out weeks in advance.

Remember life is a journey. If you have any interest in joining us on our journey please contact Franchise Development.