5 Things To Do After You’ve Found the Right Franchise

Franchise research

 

So your search for the right franchise is finally over. After hours of research, you’ve found an industry and a brand that speaks to you and your goals as a business owner. But the relief of finding a great franchise opportunity quickly turns into an important question you may or may not have considered until now:

 

What do I do next?

 

Obviously, you’ll need to connect with the franchisor, but there are a few things to do to get a better idea of the business before reaching out to get the ball rolling.

 

The internet allows franchise buyers to learn much more about the opportunity than they could previously, and smart franchise buyers use all of these resources to their advantage before moving forward with a purchase.

 

To help you find these resources yourself, we’ve put together a simple 5-step guide covering all the next steps to take after finding the perfect franchise opportunity.

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3 Things Holding People Back From Buying a Franchise

Things Holding Us Back From Franchising

 

For many of us, the goal of owning a business represents a major life accomplishment we work toward for years. But whether it’s a scary headline in the media or a personal story of failure heard through the grapevine, owning a successful business in the real world can seem like a far off dream too difficult to actually accomplish yourself. While starting a business from scratch can be a huge uphill battle for many people, you don’t need to be an entrepreneur to own and run a successful business.

 

After years of experience in the franchising industry, we’ve learned that the biggest successes come from those that can think on their feet and have a true passion to create something great for the customer. For some, that means creating or presenting products to customers in a store, for us, it’s even simpler than that. Our franchisees give homeowners and businesses an on-site service experience they won’t forget.

 

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4 Mistakes to Avoid When Buying a Franchise

Common Mistakes When Buying a Franchise

 

Starting a business from scratch is anything but easy in today’s market. Depending on your idea, your location and your finances, building a business from the bottom up can mean bending over backwards to deal with regulatory, technological, and operational challenges that stop many first time owners in their tracks.

 

To avoid these hurdles, many are turning to franchising instead. Unlike going it alone with a brand new business, franchisees are able to hit the ground running with a proven business model and the support from a corporate team that knows how their owners can reach success.

 

While franchising gives first time business owners many big advantages, it’s important to keep in mind that it’s not a free ticket to success. It’s crucial to make sure your business goals are in line with what the franchisor’s business model can provide, among other things. Read more

The 5 Steps to Getting a Franchise Loan

How to get a franchise loan

 

Choosing the right franchise to purchase can be an exhausting task, and securing a franchise loan can seem even harder––especially if it’s your first time franchising.

 

Drawing up a business plan, laying out your current finances on paper, and finding the best way to obtain a loan can seem like huge tasks. But understanding the process and what resources are available to help you along the way can make the loan process much clearer.

 

Whether you’ve found the right franchise opportunity or are still researching what you’ll need to make your goals of business ownership a reality, here’s an easy-to-follow step by step guide to securing a franchise loan to help you fund your venture: Read more

Why Home-Based Franchising is the Perfect Career Change

Home-based franchises

Looking to make a change in your life that puts you in control of your career and professional future?

 

Joining a franchise is one way many people transition into a role that’s both professionally and personally rewarding for those who invest the time and effort to grow within their community.

 

Whether you find yourself stuck in a dying industry or climbing the endless corporate ladder, The Groutsmith franchise opportunity is one of many franchising options out there that gives you the chance to go down a completely new professional path with a home-based business of your own. 

 

Let’s explore why home-based cleaning franchising is the perfect option regardless of your professional experience or background. Read more