Clients don’t appear out of thin air. In an independent operation, you’d have to identify your target market and begin to research ways to attract new business. But with a franchise, you’ll have access to the full resources of your franchisor. This means a robust lead generation system and much more. Remember, you can contact them whenever you choose for support.
There’s no need to spend years building your own name. Franchise opportunities give you the chance to enter the professional services sector with a recognisable, trusted brand name. Don’t forget, large well-paying commercial clients only want to receive management or accountancy advice from esteemed corporations. They won’t look twice at an independent start-up that has no record of achievement.
Service franchises give you a support network and guidelines to follow. There will be no unexpected obstacles. Your parent company will tell you what they are and how to avoid them. Consequently, your personal risk will be greatly reduced.
It goes without saying that there are many professional service franchise opportunities out there. But they won’t all be the right fit for you. To find your perfect match, you’ll have to look through the available options and do the necessary research into each one. What exactly does this entail?
Firstly, you need to check the track record of the brands that stand out to you. Any company you plan to partner with should be highly thought of. This is especially vital in the business services industry where you’ll almost certainly be hired, or not, based purely on the name above your door. Secondly, you should confirm whether you would need to operate out of a traditional office. If so, you would need to determine if your area will have sufficient demand for the services you’ll be offering. Thirdly, search their franchisee requirements for mentions of specific qualifications – many of the organisations in this sector offer specialist services that may require you to be a certified accountant for example. Fourthly and finally, once you’ve pinned down a few select brands, reach out to each in turn. In exchange for providing some personal details, they’ll send you a digital information pack that should tell you everything you need to know about what they’re offering. Of course, if you don’t feel confident enough to complete the research process by yourself, you can always ask a franchise consultant to help you.
By this point, you’ll have collated enough data to decide which franchise business for sale on your short-list is the best fit. Your next step will be to contact them and let them know of your interest. You’ll then be invited to an event called a Discovery Day – a face-to-face meeting where you’ll be presented with how exactly investing in a services franchise will benefit you. This usually takes place at an organisation’s headquarters. While you’re there, you’ll likely also be introduced to the training and support facilities, which will be made available to you in the event you become a franchisee.
If the day goes smoothly, you can move forward to the validation process. This involves speaking to franchisees who are currently operating under the brand. There’s simply no better way to find out what working with them is really like and if it’s something that you should agree to. If their answers to your questions satisfy you, you can start to finalise your preparations.
Before you can make your agreement, you’ll need to secure funding for your venture – normally a loan by a bank, the government or a friend. If you’re able to do so, you can move forward and sign the contract. From this point on, you’ll be a franchisee expected to uphold the standards of your parent company at all times. It will finally be time for you to make some money!
The business services sector consists mainly of enterprises that provide specialist legal, accountancy and management consultancy services for a premium fee. These companies usually serve both individual clients and larger commercial entities and are highly profitable. In order to mimic their success, you’ll need to know exactly what they offer…
Accountancy firms save their customers time and money. Financial management is one of the keys to economic success. If a business owner doesn’t have the necessary experience, they can make mistakes that will needlessly cost both themselves and their enterprise as a whole. So by hiring expert accountants, they not only ensure that they won’t lose any cash unnecessarily but also guarantee that their records will be kept in immaculate condition.
Management consultancy firms help businesses improve their processes at all levels as well as solve any issues they’re currently facing. These often include low productivity or efficiency, in addition to problems that naturally arise from a large change in direction for the overall enterprise. Consultants are able to address these situations with a fresh perspective that’s undimmed by any kind of emotional or financial attachment to the business in question. Their assistance can be invaluable.
Legal firms offer vital advice for businesses with regard to contracts, government requirements, possible lawsuits and much more. Simply stated, they ensure that an organisation is fully compliant with the law and that there can be no potential misunderstandings in the agreements they make. By helping them avoid any possible entanglements, a legal firm can save an enterprise huge sums of money.
Now that you’re familiar with the different kinds of white-collar services on offer, you can find a franchise for sale that will allow you to enter the market and start your journey to financial security.
Were you aware that many franchisors hire marketing departments that are dedicated purely to their franchisees? Getting your service franchise off to the best possible start will require expert promotional work, and in most cases, that will all be done for you. But if it isn’t, you’ll certainly be provided with the digital and physical materials needed to make your own splash.
Business service franchises require certain qualifications and experience as prerequisites. But you’ll also need to get to grips with the prospect of being a business owner. To prepare you, your franchisor will help you with the training necessary to both establish and then grow your enterprise in the most efficient manner possible.
Some franchisors will offer to directly provide you with the financing you need. But if your parent company doesn’t, you should know that franchises are generally recognised as viable and profitable business opportunities by banks. Investors are simply more willing to put their money into a new venture if they know it will be supported by a resourceful brand.
Set up over 10 years ago, BizSmart has a mission to help small business owners and owner-managers by offering sound advice and support while enabling them to scale and transform their performance.
Established in 1998 and franchised in 2005, X-Press Legal Services has a network of 28 franchisees throughout England and Wales.
TruGreen Professional Lawncare was established in 1973 in Michigan, USA. Then, 17 years later in 1990, the brand was purchased by ServiceMaster, as it entered the UK market.
Founded in 2016, Tidy Green Clean (TGC) is a franchisor with a focus on environmentally friendly commercial cleaning.
The Alternative Board (TAB) started in 1990 in the US and launched in the UK in 2009. The brand, which has been running for over 30 years now, is currently in 24 countries.
Founded in 1995, today, TaxAssist Accountants has a franchisee network of 248 franchisees.
Founded in the US in 1920 and launched in the UK in 1965, Snap-on is an iconic 100-year old brand with over 6,000 mobile units around the world and 430+ in the UK.
Established over 30 years ago in 1989, Signs Express has a network of over 60 production centres nationwide.
Shuttercraft has been in the shutter industry since 2002 and was established as a franchise business in 2012.
Sandler has been operating for more than 50 years, recently celebrating its 15th year in the UK after establishing a base in 2003.