If you have ever wondered why so many people opt for a franchise when starting a new business, there are many reasons for this. The main reason for choosing a franchise is the fact that they already have a name in their chosen industry, and not only that, a system of administration that works. The franchiser has already made a name for himself, and by taking out a franchise, you are buying a slice of ready-made success. If you are looking to break free from the chains of being an employee and would like to be your own boss, here are some reasons why a franchise is the perfect package.
► Proven Success – If, for example, you are a fitness fanatic and wish to enter the industry, why not take out a Kung Fu franchise? You don’t need to be a black belt, or indeed have any martial arts experience, as the franchiser will teach you everything you need to know, and if you are at all concerned about the demand for such an activity, young people in the UK are very aware of the dangers of urban living and many wish to learn the art of self-defence. Many new students pick up on the competitive aspect and before you know it, they are competing at county level, which is the step prior to national status.
► Meeting the Demand – Sports such as MMA have boosted interest in the martial arts scene, and more and more teenagers wish to learn more about mixed martial arts and would like to emulate people like Conor McGregor, who rose to global fame when he climbed in the boxing ring with Floyd Mayweather Junior. If you are a smoker, for example, you would simply have to quit – for obvious reasons – and by taking up the e cigarette, you are not only setting a good example for your students, you are also becoming healthier yourself.
► Ongoing Support – Any business must have an efficient system of administration, and this can take a long time in coming – unless you take out a franchise. The franchiser will have already been through that stressful trial and error stage and will already have in place, a good system, and what’s more, he will train you to slip right into the role of a successful business owner. If you follow the instructions to the letter and inject some enthusiasm into it, there’s no reason why your martial arts school will not be a success. Switching to an e-cigarette will help your image at the school too, not to mention what it will do for your health.
► Choose Wisely - There are many companies that have chosen to go down the franchise road, as once you have managed to create a good business, you simply replicate it at another location, and with the already considerable goodwill in the local community, your brand name is already up there at the top.
When looking at a franchise, consider how long the business has been going, and also, how many outlets they currently have, as this is a solid performance indicator. Every outlet should be making a tidy profit, and if they are not, how could you expect to? Ask questions, and make sure that you are given assistance at every stage of the learning process.