Making a Career Change? Franchise Consultant shares steps to ...

Perhaps you have been thinking about making a career change and becoming a business owner. For many, owning a franchise can be better choice.? A franchise company provides a blue print for new unit owners to follow that has been proven successful over and over.? But before you start thinking of possible franchises to own, the first thing you must do is focus on yourself.? Success starts with understanding your personal needs, business goals and financial requirements BEFORE zeroing in on specific franchises.

So why don?t prospective business owners take the time to think this through?? Because self-discovery can be a difficult process!? It can be hard for some people to be really honest with themselves.? Many just don?t know what qualifications are required.?? Often people get so excited about getting into a franchise they lose total sight of a possible exit strategy down the road ? and NO business should be started without this in mind!

For these reasons, it is very important that a qualified franchise adviser be consulted.? What is a franchise adviser?? The adviser is similar to a career coach, only they focus on helping people understand the world of franchising.? They help them sort through the many options available to determine which may be the best fit for them.? But all of this comes AFTER the adviser has helped their client look inward to determine what they want to get out of a business at many levels.

Here are 7 key steps a qualified franchise adviser will go through with their client:

1. Initial interview ? A franchise adviser will start off asking some basic questions and will share information to help you determine if business ownership would be a smart Career Change for you at this point in your life. A lot of people are intrigued with the idea of owning a business but need some help understanding what it would really be like.

2. Self-evaluation ? A franchise adviser will use a confidential questionnaire to help you think through what you would want to get out of a franchise before you ever invest in one.? For instance, will you have a partner and will they be passive or active?? Is your spouse supportive?? Would you be willing to work some nights and weekends for certain types of businesses?? Would you be better with customers coming to you in a retail store or could you succeed networking and going out to customers with a service based business.? Would you prefer selling to businesses (B2B) or to consumers (B2C)?

3. Search Criteria ? Once you have gone through self-evaluation, the next step is to use this information to develop the ?Search Criteria?.? This will be used by the franchise adviser to conduct their search and ensures a greater likelihood of finding a franchise or Business for S that would be a very good fit.

4. Potential franchise solutions ? The franchise adviser will present the franchises that match up well with your Search Criteria.? A very experienced adviser will know a great deal about these companies and will be able to explain their executive team?s track record, their differential advantage, their support systems including training, marketing, sales, etc.

5. Due diligence ? Now that you know some franchise companies that could be a good fit, you need to confirm which one you prefer.? After interacting with existing owners of a specific franchise and becoming aware of what it will take to be successful with their model, you may determine this particular franchise isn?t for you.

6. Discovery Day ? Once you have zeroed in on a particular franchise that seems to fit you well, you will attend ?Discovery Day? which is normally held at a franchise company?s home office.? You will meet their executives and support team and they will explain the process of coming on board and the support they provide, should you select them.? The franchise company will also be evaluating you to make sure you have what it takes to be successful.

7. Refer specialists ? As you go through the franchise selection process you may need certain specialists to assist such as a CPA, franchise attorney, financing sources, etc.? The franchise adviser may be able to refer professionals for you to consider in addition to your own.

To learn more about potential franchise ownership and how to make the transition, take the next step.

People use a real estate agent to purchase a home.? So why wouldn?t you use a Franchise Consultant to help guide you through one of the most significant investments of your life?? There are franchise opportunities that may be the perfect match for you, but without a franchise adviser how will you ever know?? People who use a franchise adviser are often pleasantly surprised with the types of franchises presented to them.? There is no charge to use a franchise adviser because they are compensated similar to an executive recruiter.? You also will not pay more to purchase a franchise if an adviser has helped you.

For more information on the Veteran programs above and help exploring franchise ownership, Contact us. There is no cost or obligation for our service.

Source: http://www.clearchoicefranchising.com/franchise-advice/making-a-career-change-franchise-consultant-shares-steps-to-follow-when-looking-for-a-business-for-s/

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