Five Things Franchisees Will Hear During Their First Year of Business

Every entrepreneur has that moment when they realise that the future is in their own hands.

It is a moment that is both daunting and exciting, but one that is unmistakable and a key point in the journey of any businessperson.

If it is your first business venture, you may be feeling the weight of the challenge, but rest assured that it’s a process that is often made easier by choosing to go down the franchising route. Besides, as the Jim Rohn quote goes, “If you are not willing to risk the unusual, you will have to settle for the ordinary” and there is nothing ordinary about running a successful franchise!

If franchising is your route into the entrepreneurial world, you will probably hear one or more of these things during your first year of business.

“I loved that advert you guys did”

One benefit of investing in a franchise is the level of marketing the franchisor puts in often dwarves what you would be able to accomplish as an independent business.

As a franchisee, you will benefit from any large-scale advertisements the franchisor does. When customers flock to your business, they will often point to these advertisements – you may not be able to take all the credit for them, but you can certainly enjoy all the extra business they bring!

“Oh, I’ve heard of you guys”

Joining an established brand is a clear and obvious advantage of becoming a franchisee.

From the moment you open your doors, there is existing brand recognition and with that comes existing brand loyalty.

As obvious as it is, the fact that people will have heard of your business’ name from the moment it is up and running, is a clear bonus.

“Have you really never worked in that area?”

More and more franchises are offering training to franchisees that have no prior experience in the area in which they are investing.

The training programs that some of the franchises have put together are renowned and known to produce successful entrepreneurs.

Thus, It’s a chance to explore an industry where you may not have previous work experience.

“Did you find it hard to create relationships with suppliers?”

Another standout advantage of investing in a franchise is the link with suppliers is often already in place.

If you have friends who have gone out on their own, they’ll tell you that this isn’t always easy when you’re working independently.

In fact, it is a standout bonus for many franchisees.

"Is it difficult to go out on your own?"

This is a question which is often put to entrepreneurs, but the truth of the matter is that if you're becoming a franchisee, you probably aren't going alone.

Instead, you are going down a path that has already been forged by other franchisees like you.

Of course, running a business is difficult, but at least when you invest in a franchise you usually have more information available to you than you would do otherwise.

For a full range of franchise opportunities, click through to our listings here.