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Monday, June 17, 2013

Corporate to franchisee how easy is it?

If someone is considering leaving the Corporate world and starting a handyman franchise what changes should they expect. Why buy a franchise at all if they have all that corporate experience? How will their role in the franchise be any different from their previous responsibilities? What role does the franchisor play in their business? What are the advantages to someone from the corporate world buying a franchise?

Changing career can be daunting

If you are considering changing your career or being forced to change because of your company downsizing the prospect can be frightening. If you are considering a franchise what will you find different running this business as opposed to what you did before when you were employed by someone else. This post looks at pros and cons of becoming self employed and running your own business.

The franchise model works well for ex-corporates

One thing is certain for those who have been used to having a corporate support structure to call on in their previous career the franchise business model offers an easier transition to self employment. Working in a corporate environment normally allows you to call on others to support you as you complete your tasks. The great thing about a good franchise system is that you do not lose that. You have a corporate team both in operations and marketing to call on to support your growth. The other thing is that in a franchise you are not re-inventing the wheel but following systems and procedures and a proven model that should enable you to build a successful business. Much again like the way you were working in a corporate environment. The one big difference is however that you are now working for yourself and not for an employer any success you achieve now is for yourself.

Knowing when to use your corporate experience

The experience you have gained in your previous career can be invaluable as you build your new business. People skills, team building abilities, financial planning, whatever you have learned in the past can prove beneficial in your new business. However remember it's best to learn from all the franchisor's training and listen to their advice when they give it. Normally they have learned from previous franchisees what works and what doesn't. You are not there to re-invent the wheel but to follow a proven system. If you didn't think that system would work in your marketplace why did you buy the franchise in the first place.

Let me know what you think?

 

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