The First Step in Becoming a Franchisee is All About YOU!
For many months we have spoken about First Step HomeCare and the incredible work, and amazing offering they are giving to people out there who wish to become part of a franchise that makes them money and provides them with a purpose in life – all at the same time. This week, however, we are going to delve into a more personal step when it comes to opening a franchise – YOU.
We speak all the time abut this wonderful opportunity and have led thousands to the site where they are going ‘crazy’ for this particular company. But there is one other thing you really need to think about when it comes to First Step HomeCare, and it’s all about due diligence. Yes. You can explore the company and you can see that it is part of the fastest growing industry in the world. You can read about the proven business model that allows you to become part of a profitable company that will give YOU the future you wish for, but to even begin, you must know yourself.
Many, if not most, of the people who are looking at opening a franchise are really not prepared for the endeavor. They are certainly filled with good intentions; they spend a great deal of their time looking for the perfect opportunity, but they have no actual ‘plan of action’ set in place to become buyers instead of just browsers. When it comes to being a franchisee, it is the same as any job description, you need to be committed and make sure that you are choosing a successful career path for your future.
People who approach business ownership ‘romanticize’ what it means to be their own boss. In reality, it’s a lot more work than most people are willing to take on. People think that when they’re self-employed they don’t have to answer to anyone else; but the truth is, they still must answer to the most important people of all – their clients. You need to make sure that your employees have the perfect personality, skill set, and attitude so that your clients will be treated like the ‘best of the best’ – especially when it comes to in-home healthcare. You need personal, hands-on employees that supply not only help with everyday tasks, but an actual friendship to your client.
Then comes the risk factor with a franchise. If you combine reality with risk, it can quickly create fear in a prospective buyer’s mind. What ends up happening is that these ‘types’ of people waste a great deal of time and energy on a pursuit that they do not and will not succeed at.
High quality franchisers, such as First Step, weed out the ‘browsers’ quickly by seeing right off the bat that they’re just not qualified to be good franchise owners – regardless of whether or not they have the financial resources behind them. I’ve seen people who really could be successful franchisees, but they are simply not prepared to get serious.
So what should you know about yourself to make sure that YOU are not a browser? What should you consider when it comes to being a franchisee? Yes, the finance question is important, yet personality, skill-set and your lifestyle are also issues that come into play.
How much money you have to invest is important. The total investment to get involved in a business is not just the franchise fee, but also the extra dollars it will take to actually open and operate your business until it reaches the ‘break even’ point. This is one reason why quality franchisers require a prospect to submit a business plan as part of their application process. This way, the franchiser can see that the prospect does have a very good idea of what they’re getting themselves into in the way of financial expectations.
With the finance question out of the way, you must then look at your own skills, abilities and personality, and whether it’s right for the particular business category you’re looking to become a part of. We all have strengths and weaknesses, and no one is good at everything. There are those of us who are outgoing and completely unafraid of rejection who are truly a perfect match for the world of sales and marketing. There are others who are very strong when it comes to finance and day-to-day operations of a company, including administrative work. These are not the skill sets of a good salesperson, but they are the qualities needed to run a franchise and get it off the ground.
When you consider a franchise, make sure that you take the time for a ‘self-examination,’ and make sure to enter an industry that perfectly fits with your specific skill-set and/or individual personality. Avoid franchise opportunities that require skills you don’t possess, or make sure that you have the finances to hire the employees you will need to perform those specific tasks.
The last thing to think about? Your lifestyle. Owning and operating a business is an incredible amount of work and takes a huge commitment of time that you must be prepared to give up in order to build your franchise into a profitable one. There are many people who don’t wish to work nights or weekends, regardless of how much money they can make. With some franchise concepts, the franchisee performs almost all of the tasks that are required to run the business. In other cases, there are flexible at-home businesses that people relate to which do not involve working weekends – so, again, make sure that your franchise choice fits the lifestyle that you truly crave.
There are a great many service franchises that allow the person to work normal business hours and hire employees to do much of the work, and one of those is in-home senior care, like the amazing company, First Step. In these types of businesses you build the franchise, and are offered the support, guidance, and help of an already established company. Remember, these are purely personal decisions which should be made only after a great deal of thought and deliberation.
Now, when it comes to First Step HomeCare, you are going far beyond just a money-making opportunity. Not only will you be involved in the biggest industry in the world today, but you’ll also be part of a responsible, loving, caring, skilled and talented company that believes in offering the most reliable home health care available.
This is one of very few franchisers who helps the franchisee start his or her business by providing training, assistance with site selection, site development, ordering inventory, advertising and marketing support, and more. First Step is also the number one and most sought-after franchiser in the United States.
The primary benefit when it comes to franchising will always be the same, and that is the ability to minimize the risk in today’s business world. Starting a new business is risky, and research tells us that most new companies fail within three years – not something you have to worry about when getting on board with First Step HomeCare. They already have a proven track record in their industry, and their business model and ability to train and support their franchisees is unmatched.
So remember, make sure YOU are choosing the right industry that meets your personal needs, and make sure that YOU become part of a company that will continue to grow. THAT is the First Step!
Until Next Time, Everybody.
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