The Right Outlook is Vital for Franchise Success

One of the most common misconceptions that both young adults and older individuals have is that the only way to make something of themselves is to dive right into entrepreneurship. The reason this misconception is so prevalent is because it's something that the media constantly reinforces with stories of outliers like Bill Gates and Mark Zuckerberg.

                                               

While it's truly incredible what people like that have been able to do, what those stories don't tell you is for every Gates, there are tens of thousands of people who have tried to do something completely new and failed miserably. So while there's nothing wrong with deciding to swing for the fences, it's important to understand that striking out is what's most likely to occur.

Putting Your Success in the Right Perspective

Because the thought of becoming the next Steve Jobs, Gates or Zuckerberg can be so enticing, many people end up making decisions like dropping out of college or quitting their job. Although it's true that college and most jobs are far from perfect, that doesn't mean suddenly giving up on them is the best option.

There are two reasons that type of hasty plan usually doesn't work out. The first is both college and professional jobs can provide a lot of valuable skills. Just because you're working for someone else doesn't mean you're failing to learn. On the contrary, work experience is arguably the best way to develop the skills needed to eventually find success on your own.

The other issue with this plan is that starting a successful business of any kind is much harder than people expect. Since failure is unfortunately a very likely outcome of starting something from scratch, hastily diving into this type of endeavor can quickly lead to disaster.

The Smart Way to Build a Successful Life

Although there are a lot of potential downsides that go along with striking out on your own, that doesn't mean the outlook for this type of path is all doom and gloom. The key to finding success is looking at all of your options before diving into something.

And since one of the goals of looking at all your options is to minimize risk, going the route of becoming a franchise owner can be ideal. With franchising, you're able to eliminate the uncertainties that go along with starting from scratch.

Instead of being forced to learn through trial and error, there's a much clearer path for you to follow. And because you won't have to worry about learning everything, you can focus your energy and skills on the areas where you can have the biggest impact.

If you like the idea of what franchising has to offer, be sure to read more about what makes a great handyman franchise owner. Or call us at 1-888-598-5297 if you have any further questions.

Do Families and Franchises Mix?

Making the decision to become a franchise owner isn't the same thing as deciding to start a new job. While there can definitely be an overlap between the skills used as a franchise owner and those required by a job, becoming an owner signals a much bigger transition.

Because going down this path marks a major milestone in anyone's career, it's important to take everything into account. From the outlook you have for your future to what you expect in terms of daily quality of life, franchise ownership is not something you want to rush into doing. Instead, this possibility is the perfect opportunity to take a step back and look at the big picture.

During your reflection, one of the factors you need to take into consideration is the relationship you currently have and want to have with your family. One of the most common reasons that people want to go the route of franchise ownership instead of continuing down another career path is they don't feel like they have enough time for their family.

Since being your own boss does come with more freedom than being an employee, taking the franchise route can seem like the ideal solution for creating more quality time with family. While things can work out that way, it's important to have a realistic perspective on what life looks like as a franchise owner.

Commitments and the Possibility of Working with Family Members

With a franchise model like House Doctors, you're not the one out making service calls to homeowners. But a common misunderstanding about this type of model and others is that the work required is very minimal. Since a franchise is a business, it shouldn't come as a surprise that owner involvement is vital during the early stages of growth.

Because an owner needs to be involved in order for a franchise business to really take off, it's common for people to work harder in the beginning than they did when they were an employee. As a result, having tons of free time with family during the early stages of a franchise may not be a realistic goal.

That reality leads to some people considering the possibility of working with their family members. Although factors like trust can make this an appealing option, it's vital to understand that working with family members will change the existing dynamic. It is possible that this type of working relationship can lead to far more stress and drama than would normally exist in a business.

While there's no cut and dry answer for every person, the most important takeaway is to give yourself enough time to figure out what you truly want from you life. Once you have those answers, you'll find that it's easier to fill in the other blanks.

Interested in a House Doctors Franchise? Contact us by filling out this form about House Doctors franchises, or call 1-888-598-5297.

What You Need to Do Before Becoming a Franchisee

If you've been looking at different options for becoming a small business owner, you may have decided that a franchise seems like the right opportunity for you. One of the key traits that sets a franchise apart from other business opportunities is you're not starting with a completely blank page. Instead, many of the important details are already filled in for you.

Since a significant percentage of small businesses fail within just a few years, starting with a clear plan and strategy is a major advantage. While that's exactly what you can get from investing in a franchise, it's important to understand that not all franchises present the same opportunity.

Understanding the Nature of Franchising

Not only does the concept of franchising present an attractive opportunity for motivated individuals who want to run a business, but this model can work very well for businesses that have proven a concept works. Regardless of the industry, people are always looking for the recipe to success. When a business has already demonstrated success, being able to invest in it provides a very appealing opportunity.

While a quality franchise can help the people who become owners accomplish all of their goals, not every franchise brings the same level of quality to the table. On the contrary, there are plenty of franchises that are more interested in grabbing as much money as possible from their owners. Since these operations may be running on shaky models, the advantages that a franchise is supposed to provide to owners may not actually be there.

The Importance of Digging Deep

Because the franchising industry is so large, it's important to do a lot of research before making any major decision. Although a franchise may have lots of slick marketing materials that make it seem like the perfect opportunity, digging below the surface can reveal a different truth.

The first thing you want to look for in a franchise is a track record of success. If a franchise can't show you successful owners, there's no reason to continue thinking about this opportunity. Another trait to look for is that the franchise has an established brand. You also want to dig into the type of actual support that a franchising operation provides to all of its individual owners.

How can you find all of this information? The best way to get the answers you need to make an informed decision is to go to different sources. Not only do you want to speak directly to the franchisor and research a lot online, but it's also worth speaking with individual owners. By going through this comprehensive process, you can be confident that you're choosing the right franchise for your specific goals.

Interested in a House Doctors franchise? Click the button below to contact us or call 1-888-598-5297.

Franchises for Sale: What Factors Matter Most?

If you've evaluated different business opportunities and have decided that franchises are the right fit for your goals, you may be ready to move on to the stage of evaluating individual franchises. Since there can be a huge gap between what different franchises have to offer, it's important to put plenty of effort into your evaluations. In addition to resisting the temptation to rush this decision, it's also important to know what factors you should look at most carefully during your evaluation. If you're ready to start narrowing down your list of options but aren't exactly sure what to base your decisions on, this post will guide you through the factors that matter most when it comes to franchises for sale.

A Proven Market

Evaluating any franchise starts with the market that it is in. The reason market is such an important factor is because it will decide upfront whether or not the business will be able to grow over the long-term. If a franchising operation is in a weak or declining market, even having everything else in order won't be enough for them to really thrive on a long-term basis. By doing your market research upfront, you'll be able to figure out if a franchise is in a space that's going to make sense for both your personal preferences and overall viability in terms of acquiring new customers.

Franchises for Sale: Make Sure They Support Their Franchisees

Once you've narrowed your selection of franchises for sale down to a handful of markets, it's time to begin looking at the individual options within those spaces. This phase of the process is where you will want to carefully evaluate some very specific factors. The first group of factors is what a franchisor does to help new owners get started. The second group of factors is about what kind of ongoing resources and support franchisees have access to. Finally, you'll want to get insight into the franchisor's general attitude towards individual owners, as well as what kind of view the operation has for the long-term. Although it will take some time to pull all this information together, you should be able to get it all through a combination of research, direct requests and speaking with current franchisees.

Get All The Information You Need

If you want to see for yourself what a franchise with all of these qualities looks like, House Doctors is the perfect option to put at the top of your evaluation list. To learn exactly why House Doctors is in an ideal market and all the benefits they have to offer to franchisees, give us a call today at 1-888-598-5297 to request all of our information.