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Timing is everything, isn’t it?
Timing is everything, isn’t it?
If you’re ready to grow your own business in a long-term, sustainable industry, it’s a particularly good time to learn about this Healthcare Franchise Investment Opportunity. Join me for a short online overview: Wednesday, April 14th 12:00 pm Eastern (20 min + Q&A) Click here to save your spot WHY? Unique service offering that differentiates itself from competition Demand grows every…
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Why own this IT Services franchise? Find out...
Why own this IT Services franchise? Find out…
Businesses and consumers cannot be without their technology systems and devices working properly. If you are interested in having your own business in a high-demand industry then join me… Wednesday, March 10th, at 12:00 pm EST, I’m hosting a 20-minute, online presentation about a compelling IT Services franchise opportunity – click here to save your spot. Why is this IT Services franchise…
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Webinar: In-Home Care - Franchise Brand with a clear Competitive Advantage
Webinar: In-Home Care – Franchise Brand with a clear Competitive Advantage
Did you know….?? 10,000 people turn 65 every day. This “silver tsunami” will continue for the next 40 years. 95% of Seniors want to age in their own home. More than half of Seniors over 85 need help with daily living. COVID-19 has driven even more demand for safe, reputable in-home senior care services as families fear for their loved ones’ safety inside senior living facilities. While the…
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Questions To Ask Yourself before Choosing a New York Franchise
If you’ve been considering investing in a New York franchise, you might be wondering where to start. You probably have been presented with a number of interesting options by your franchise consultant and are wondering the best way to narrow down the field and decide which franchise is right for you. Fortunately, the process is not too difficult. There are certain key questions that you should ask yourself when making your decision.
1. What will it take to make me happy and successful in my New York franchise?
Consider the answers to this question as your list of “must-haves”. What are you going to require to have long term contentment with your franchise? Most entrepreneurs of course, are going to include a certain level of income on their list.
What else do you NEED to have? A certain amount of time off to spend with family or to travel? The opportunity for continued learning? An element of fun? Whatever you need to have to be happy and consider yourself successful – compile them in a list and see if it matches up with what you think you can expect from the franchises that you are considering.
2. What is your ultimate goal?
Even though you’re just embarking on your journey as a franchisee, you should still look ahead to what you want the end of that journey to look like. Is your goal to run one successful business and make enough to support your family – or do you have loftier goals of owning multiple units.
Before you decide on which New York franchise to invest in, you should see whether that franchise is compatible with your endgame.
3. What won’t I do?
Let’s face it – we all have things we don’t like to do, so it’s a smart idea to avoid franchises that might include duties you really aren’t willing to undertake. Afraid of dogs? That pet grooming franchise is probably a bad idea? Does the idea of cleaning a grease trap make you feel like barfing? Food service might be a bad fit.
Remember, even if you plan on hiring employees to do much of this work there may be occasional times when you’ll have to do the work yourself. As a general rule, if the business involves jobs that you are not willing to do, you should keep looking.
4. Are my skills a good match for the franchise?
This question is not as easy to answer as it may seem at first because often what you perceive to be the necessary skills for a particular franchise may not be the same skills that the franchisor is looking for. For example, if you are a licensed mechanic you might think that a franchise that does car repair is ideal – in reality however, the franchisor might be looking for franchisees with skills in sales and HR – and expect the franchise to hire their mechanics. This is where the value of having a franchise consultant really comes into play, as they can help match your skills to suitable franchises.
Take some time and see if you can find a suitable New York franchise that aligns with your passions.
Answering all of these questions honestly, will help to give you a good idea of which franchise opportunities might be right for you.
Questions To Ask Yourself before Choosing a New York Franchise
If you’ve been considering investing in a New York franchise, you might be wondering where to start. You probably have been presented with a number of interesting options by your franchise consultant and are wondering the best way to narrow down the field and decide which franchise is right for you. Fortunately, the process is not too difficult. There are certain key questions that you should ask yourself when making your decision.
1. What will it take to make me happy and successful in my New York franchise?
Consider the answers to this question as your list of “must-haves”. What are you going to require to have long term contentment with your franchise? Most entrepreneurs of course, are going to include a certain level of income on their list.
What else do you NEED to have? A certain amount of time off to spend with family or to travel? The opportunity for continued learning? An element of fun? Whatever you need to have to be happy and consider yourself successful – compile them in a list and see if it matches up with what you think you can expect from the franchises that you are considering.
2. What is your ultimate goal?
Even though you’re just embarking on your journey as a franchisee, you should still look ahead to what you want the end of that journey to look like. Is your goal to run one successful business and make enough to support your family – or do you have loftier goals of owning multiple units.
Before you decide on which New York franchise to invest in, you should see whether that franchise is compatible with your endgame.
3. What won’t I do?
Let’s face it – we all have things we don’t like to do, so it’s a smart idea to avoid franchises that might include duties you really aren’t willing to undertake. Afraid of dogs? That pet grooming franchise is probably a bad idea? Does the idea of cleaning a grease trap make you feel like barfing? Food service might be a bad fit.
Remember, even if you plan on hiring employees to do much of this work there may be occasional times when you’ll have to do the work yourself. As a general rule, if the business involves jobs that you are not willing to do, you should keep looking.
4. Are my skills a good match for the franchise?
This question is not as easy to answer as it may seem at first because often what you perceive to be the necessary skills for a particular franchise may not be the same skills that the franchisor is looking for. For example, if you are a licensed mechanic you might think that a franchise that does car repair is ideal – in reality however, the franchisor might be looking for franchisees with skills in sales and HR – and expect the franchise to hire their mechanics. This is where the value of having a franchise consultant really comes into play, as they can help match your skills to suitable franchises.
Take some time and see if you can find a suitable New York franchise that aligns with your passions.
Answering all of these questions honestly, will help to give you a good idea of which franchise opportunities might be right for you.
Calling It Quits to Start a Franchise
So you have it all planned out, you are FranNet NJ NYC - going to quit your job and go out on your own – become a franchisee. There is a great big world out there and you are ready take hold of it. This is great, however it is important to remember that your success in the world of franchising is greatly determined by the decisions you make, including the way you go about leaving your current place of work. The following are some tips for leaving on good terms, so that you do not burn bridges or make mistakes that may cost you in the future. 1. Do not cuss your boss out! You may have a boss that you do not like working for, and it would be very satisfying to finally say what you’ve really felt to his face and tell him you quit. This is a big no-no, because your future franchise could end up benefiting from your current company down the road as long as you don’t burn bridges now. What you should be doing is explaining to him what your plans are and politely resign. Leaving like this may just lead into a prosperous partnership in the long run. 2. Never work on your new business during company hours It is understandable starting up your new franchise is always on your mind. Do not actually work on getting things up and running while at your current office. The last thing that you need is to be fired before you are ready to quit. Someone who is completely serious about something will make time during evenings and weekends to get things done. If something for your franchise needs to be done during the day, then take a day off. It will be a lot to take on, but hard work always pays off in the end. 3. Do not steal co-workers Trying to take co-workers from your current company is another way to burn bridges, and should not be done. Even if they are great employees and you feel they would make a great fit within your new franchise, this is a detrimental move. Not only could it damage future partnership with your soon to be former place of work, but it could even lead to lawsuits. Instead, you can ask these people for referrals of others that would aid in your needs. Plus, there is no stopping them from coming to you once you are up and running. It is always better for them to come to you first. 4. Be sure you have everything in order So you think you are completely ready to go, you are excited to start your franchise and be your own boss. Make sure you have all of your affairs in order before you hand in your resignation letter. Ask yourself important questions such as: Do you have enough money in the bank to cover personal and professional costs for the first year? Is your departure at the right time that it will not hurt the company too much? Have you given a proper amount of notice? These are things to keep in mind before making the big decision. Leaving your current job to start a franchise can be an exciting step toward your future success – but remember to keep these tips in mind to get a good start down that path.
Franchising in 2016 – Watch for these trends!
Trends come and go across all sectors and the franchise industry is no exception. Certain trends however, are more than simply passing phases – they have the power to change the way that business is done. Here are five of the trends we expect to see in 2016 that will have significant impact on the franchise world. The Emergence of New Entrepreneurs We believe that 2016 will bring with it an ever increasing emergence of entrepreneurs. With so many employees feeling overworked and under appreciated along with uncertain economic times, layoffs and a fragile market, more and more people are taking a good, hard look at going into business for themselves. Franchising offers an excellent opportunity for those who are interested in starting a business for themselves but still want to have a strong support network in place. This is why franchising will be an attractive option for many in 2016. An Increasingly Competitive Digital Space It used to that those large companies with the biggest advertising budgets were the ones that got all the best advertising. But social media and content marketing has been changing that over the past few years. While advertising dollars still help, the companies that will truly benefit in this new environment are the ones who are able to employ the best organic content marketing strategies. Those who effectively use search engine optimization, create engaging content that can go viral and who can genuinely connect with their audience will have a definite edge in 2016. The Spread of Co-operation Many business owners today realize that sometimes it’s better to cooperate than to compete (because several smaller businesses cooperating have a better chance to compete against the larger guys!) This trend can be seen especially in the tech industry where small start-ups are sharing office space or pooling their resources to get better deals on supplies, etc. While cooperation in the franchise world would be largely led by corporate offices, we would not be surprised to see this trend increase this year. The Rise of Corporate Social Responsibility Today’s generation is realizing that a sustainable business has to be about more than simply making a profit. When choosing a place to launch their career, Millennials are just as interested in how a business participates in and supports the local community as they are in what they do and how much they pay. While franchises typically cover large geographical areas, local franchisees must be mindful of their local communities and do what they can to support their communities. A Concern for Employee Well-being While there are several franchisees that start out their businesses as one man operations, most will at some point in time have to hire additional employees. In order to attract and retain the best talent, a genuine concern for employee well-being is a must. A lifestyle of excessive work is now being abandoned for something more balanced. More employers in 2016 will be offering benefits such as flexible schedules, telecommuting, gym memberships etc. in order to help their employees look after their physical and mental well-being. Here at FranNet, we are very excited about some of the business trends that we see on the horizon and we are looking forward to a great year!
FranNet NJ NYC- From Franchise Owner to Leader
In the franchising world today, it is important to understand there is a difference between being just an owner, and being a leader. An owner will simply just manage their employees to ensure quotas are being met and everything is running as it should. A leader is someone who is truly involved with their franchise, motivating their team to work hard, be creative, and strive to meet goals with pride and perfection. The first step is owning the franchise business. Next, you should be working on becoming a great leader. Employees being led by true leaders will produce much more effective results than those led by just an owner. The following is a list of eight essential practices to follow in order to turn yourself into a great leader. 1. Use “we” more than “I” – A leader will always give proper credit when credit is due. This makes the team feel included and work their hardest on the tasks they are given. 2. Listen – An owner will talk more than they listen, while a leader will listen more than they talk. Taking the time to listen to your team will allow you to truly understand their wants and needs. 3. Encouragement over criticism – A leader often gives words of encouragement to their employees, and takes notice when they are going above and beyond. This is much more effective than only pointing out the negatives. 4. Ask for help ¬– A leader will show their team they trust and value their input by asking for advice and including them in important decisions. 5. Ask for more – A good leader believes in his or her team and knows they are capable of anything. By asking them to step outside their comfort zone and push for more, they will respond in a positive manner and they will show you that nothing can stop them. 6. Put the teams’ needs before your own – As a great leader you must show your team that their needs always come before your own, even if this means some sacrifice. An exceptional leader is always the last one out the door, showing that they are completely dedicated to their franchise business. 7. Lighten up – Franchise owners understand that business is business, and so do great leaders. A great leader however, will also understand that there should always be time made to lighten things up and be funny. Employees tend to open up more when the higher-ups do as well. 8. Motivate beyond the dollar ¬– Money is a good motivator. Most people however, can be motivated by more than just the almighty dollar. Good leadership means finding other If you are using these practices correctly, you can be sure your team will respond to you in a very positive manner, resulting in higher productivity, terrific employee morale, and a better workplace in general. Keep this article in mind and you will begin to see a positive change in your franchise, as your employees will see you as more than just an owner – they will see you as a great leader.
