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HORN IN" On Franchise / Business Ownership

a monthly post with blurbs, links, and other words-of-wisdom

regarding self-employment; career transition;

and franchise / business ownership;

as well as information for business owners

who may be interested in franchising their business.

  

September  2019

 

Franchise Opportunity Knocks

Self-employment Beckons

Start answering the call right here.

News you can use to help you find

The right franchise / business opportunity for you.

 

So many of our dreams at first seem impossible - then they seem improbable - and then - when we summon the will - they soon become inevitable.

                                             ~Christopher Reeve

 

Are You Franchise Material?


As a franchise coach / consultant, one of the questions I get asked often is “do I have what it takes to be a franchise owner?”  There is no easy or quick answer to that – until we get to know each other a little better. Of course, I’d like to think that every person could succeed at franchising, given the right match.  But, in truth, there are a few things that generally make someone better “franchise material” than others.

 What makes someone good “franchising material?”

 Ability to Follow a System          
Franchisors are looking for team players, for people who recognize they have purchased a system, and are willing and wanting to follow it.

 Emotional Maturity
How do you handle problems? When problems occur in your life, are you able to pick yourself up, and move forward, or lose valuable time feeling sorry for yourself? Are you a natural leader or follower?   

Positive Attitude – And Ability to Leverage It 
Individuals with a “positive attitude” get out and about letting everyone know they are in business and ready to do business.  It isn’t about being able to “sell” – it’s about ensuring that positive relationships can be made.           

Knowing When to Be Humble   
A very wise leader once said “you can be right all of the time” or you can be liked”.  Business requires a bit of both – so look inside yourself and decide if this is something you think you can do.         

Belief in Calculated Risk 
If you are all about taking huge leaps, and big risks—because what you LOVE is the big potential payout, then what you really seek is being a real entrepreneur, and franchising may not be the right choice for you.  Franchising begins with a more proven business model – and expands from there – so your risk is more likely to vary from “moderate” to “low”.

 Source: Franchise Resource Corp.

 

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 What Do Franchisors Look For In A Prospect?

Most people would answer financial qualifications. While having the necessary amount of liquid capital and net worth is a consideration, financial qualifications are secondary. Yes, the prospect must be financially qualified, but money alone is not the main qualifying factor. Having sufficient financial resources just indicates that the prospect has the “price of admission”. Franchisors look for prospects who are bright, enthusiastic, have entrepreneurial spirit, are willing to work hard / smart; and someone who has a good attitude towards teamwork and is willing to work within a collaborative working environment. Franchises are collaborative working environments and are in the people business. So, franchises get awarded to people based on their human characteristics.

 Often a Franchise Representative will ask a candidate, “What are you looking to achieve by owning your own business?” The purpose of the question is not to see if the candidate can articulate a “right answer”, but instead, to find out if the candidate is prepared and can intelligently explain why they want to be self-employed and what they are looking to accomplish through business ownership. Also, a Franchisor is looking for candidates who are decisive and can make a reasonable decision without having 100% of the information / facts. You might be wondering why this is important. Well, when you own a business, the majority of your time is spent making decisions, and most decisions will have to be made after receiving / reviewing about 60%- 75% of the information.

Franchisors understand buying a franchise is a big step in a candidate’s life and he / she will want to be deliberate. But, a serious candidate always stays on task and works through the process in a reasonable amount of time. Candidates need to be willing to move through the due diligence / validation steps carefully, but without dragging their feet. Again, Franchisors are seeking candidates who can and will follow a system, and be able to make sound decisions within a reasonable time-frame.

 

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ENTREPRENEURSHIP…

Is Living A Few Years Of Your

Life Like Most People Won’t,

So That You Can Spend The

Rest Of Your Life Like

Most People Can’t.

                  -Unknown

 

Entrepreneur Defined… If this describes you or who you want to become, then take the next step.

  • An entrepreneur is a person who will see the embryonic seeds of an opportunity well in advance of others. Others will eventually only see a lost opportunity.
  • An entrepreneur will see risk as an opportunity. Others will see opportunity as a risk.
  • An entrepreneur will look forward to the challenges and hard work that an opportunity will bring. Others will only see an uphill struggle.
  • An entrepreneur will continue to work at that opportunity irrespective of set-backs, make mistakes, pick themselves up and learn from their mistakes. Others will give up the fight when the going gets tough.
  • An entrepreneur will work outside of the normal business framework in order to feel free and unrestricted whilst others will have a need to build an even stronger framework in order just to feel safe.
  • When the opportunity is finally realized, an entrepreneur will not say 'I told you so'. An entrepreneur will say to themselves not others, 'I knew I could do it'. Others will say, 'I wish I had done that'. 

 

Go confidently in the direction of your dream.

Live the life you have imagined.

                                              -Henry David Thoreau-

 

********************************************************************************************

Boutique Fitness Franchise Taps Into Universal Popularity of Running

This franchise concept is reinventing the definition of a runner with their dynamic indoor running studios across the country! Recognized by serious athletes for decades as one of easiest, most engaging, and most effective ways to achieve your mental & physical goals, running is one of the main pillars of fitness and works in every market in the country. The most unique premium indoor running studio with classes designed for any level of walker, jogger or runner. Our coaches lead you through strategic interval cardio & strength training classes where you choose the speed and intensity. Classes are sound tracked with electrifying, body-moving music while clients wear custom heart rate monitors to track undeniable results and maximize their potential in each workout. A combination of expert Certified Run Coaches, state-of-the-art Woodway treadmills, and a supportive & empowering environment set this concept apart and above.

Caters to a broad age range, unisex market. Our brand aims to create a space that is inclusive, empowering, and transformative for clients of all ages and fitness levels. Born out of an early mover in the group running boutique fitness segment and is the first to be launching nationally in all markets across the country, with the infrastructure to support rapid growth.  

We have designed several signature, proprietary class formats in order to fit the needs and aspirations of all clients, no matter their age or fitness level. The end goal is to create a program that allows anyone to participate, progress, and prosper; keeping them coming back!        

Unique approach includes :

  • The widest array of cardio & strength training treadmill classes available anywhere, designed to create an unparalleled experience, challenge clients at every level and create quick results. This brings personality and variation to class offerings to keep them unique, and engaging.
  • State-of-the-art equipment in every studio, including top-quality Woodway Treadmills, strength training props, and proprietary interactive technology that delivers clients’ metrics via in-studio leaderboards and a custom mobile app, allowing them to track their progress and celebrate their success.
  • An inspirational studio space encompassed by brand images, unique lighting and an incredible sound system.
  • Certified Run Coaches are more than trainers & fitness professionals, they are motivators, supporters, and industry leaders. Through our Certified Run Program, all coaches learn how to dynamically lead our class formats, practice safety and form correction, and empower clients of all ages and levels to cross their individual finish lines.

IDEAL CANDIDATE: Owner Role

·         Manage the Manager and build STRIDE winning team culture

·         Execute Local Marketing initiatives

·         Manage the financials

This is a SEMI-ABSENTEE franchise model. We are looking for franchisees with basic business skills that can manage and motivate a team, have sufficient financial resources, and will follow the blueprint of a proven business model.

Investment:  $233,900 +

 

Indoor Dog Training Gym

A venture-backed indoor dog training gym with an emphasis on socialization. Our motto: We don’t train dogs. We train the people who love them. This concept has strong appeal to millennials and well-educated active individuals, especially women. Key revenue streams include dog training classes, socialization events, and retail products.

Investment is quite low compared to other pet franchises.  Requires a small footprint (under 3000 sq ft), minimal staff (2 people), and may be zoned absolutely anywhere. As clients accompany their dogs at all times, liability is extremely limited. Boasts more 5-star ratings than any other dog training business in America. Plus a willingness-to-recommend score comparable to the level of Apple or Amazon.       

Works closely with animal rescue and other charitable organizations. It quickly becomes the epicenter of the dog-loving community. You will host countless memorable and well-attended events for responsible dog owners and their pets.

FEATURES OF THE BUSINESS

Financially sound

  • Venture Capital backed – unmatched support for emerging brand
  • Ultra low-cost investment – approx. $250,000 for a single unit, all in
  • Fast growing – pet industry is growing at 2x retail, and our sales are growing at 4x the pet industry
  • Recession-proof sector of the economy
  • Prime territories available; concept proven throughout U.S.
  • Validation excellent; all units renewed

Ease of Operation

  • No experience needed –
  • Fun & beloved with over 2,000 5-star ratings, more than any other dog training business, an NPS Score of 90, and a retention rate of 86%
  • Strong appeal to millennials and active lifestyle, well educated people, especially women – together comprising the most highly-desirable demographics
  • Small footprint (3000 sq ft), zoned retail, locate anywhere
  • Low payroll/minimal staff – only 2 people working at a time
  • Virtual elimination of all liability issues – clients with their dogs at all times
  • 24/7 Support, response time <1 hr.
  • Full real estate support – includes demographic research, site selection & lease negotiations
  • Extensive marketing, social media & PR support
  • Sophisticated analytics to assist with pricing and targeted marketing automation
  • Highly-sophisticated tech stack – includes innovations you can’t find in vastly larger brands
  • Positive community impact – become the epicenter of dog lovers in your town

If you are interested in discussing and learning more about these unique opportunities, please call me at your convenience… 210-479-2491, or if outside San Antonio 888-479-2491.  Or shoot me an email with your phone number and a good day(s) / time(s) to call you.

 ******************************************************************************************** 

 Are you in career transition, or contemplating making a change?  Would you like a "sounding-board"?  As a former Human Resources executive and now a Franchise Coach / Consultant, I have over three (3) decades of assisting folks with career transition.  Plus, I have personally walked down that path a couple times myself.  If you would like to visit about career transition in general, entering self-employment via a franchise or business opportunity and / or UT sports, please call me at your convenience… 219-479-2491, or if outside San Antonio 888-479-2491.  Or shoot me an email with your phone number and a good day(s) / time(s) to call you.  I will gladly provide complimentary advice and counsel. And, remember, I'm a coach, not a sales person.

I am a coach / consultant for those who desire to explore and LEARN about franchise and business opportunities…I do not sell or broker franchise / business opportunities.

My role is not to sell you anything other than my ability to help you make an informed decision as to what is best for you and your family to achieve your goals and objectives.  My objective is to help you identify and refine your goals and needs, present to you options that align with those goals, and then to help you make a sound decision that is best for you, your family and your lifestyle.

 Would this scenario be of interest and value to you… a process where you receive assistance to help you better identify your goals, financial requirements, lifestyle needs and what you would like for your work-life to look like; then provided information on self-employment options and guidance on exploring these opportunities within the confines of a supportive, educational and no-obligation environment?   

Have a job you don’t like?  Seek other employment > I call that Changing Your Curtains.  Perhaps, you prefer a bolder approach which may provide a new and invigorating work-life.  I refer to that as Changing Your View.  In 2001, I decided to Change My View.  If you are ready… Let’s Talk.  I can help you Change Your View too…

  ******************************************************************************************** 

Is Your Preference Being An

Employee, or Being Self-Employed?

Dream It, or Live It…the choice is yours.

 

Oliver Wendell Holmes once said, “The great thing in this world is not so much where you stand, as in what direction you are moving.”  Are you allowing your professional life to wander aimlessly, or stand still?  Perhaps you are in career transition and have always dreamed about being self-employed?    Remember, a window of opportunity won’t open itself.

 ******************************************************************************************** 

I highly recommend:

 If you are seeking top-quality financial / investment advice...

Teamwork Financial Group and Doug Moe...Texas Ex.

Doug is the CEO of Teamwork Financial Group in San Antonio.  He is an attorney and CPA.  He has provided valuable insight to me and my wife regarding investment / financial advice, including guidance on having a Will vs. Revocable Living Trust, re-balancing our investment portfolio, as well as assisting us move a portion of our IRA investments into Fixed Asset Annuities.  Over the past several months, I have had a number of very enjoyable meetings with Doug, since we have a tendency to spend time talking sports, as well as financial / investment stuff. Doug played basketball at UT in the 80s and is the son of Doug Moe, the former coach of the San Antonio Spurs. And, a great guy.

 

Do You Need Furniture Repaired...

If so and in the San Antonio area, CALL Pat Bonney...Texas Ex... Owner of a Guardsman Furniture Pro. franchise...The Most Trusted Name in Furniture Repair. Pat was on the UT baseball team in the early 70s.  I have used Pat's service multiple times for a variety of furniture repairs in my business and home.  Great guy and fantastic service.     210-849-9663    Email: gfpsa@sbcglobal.net

  ******************************************************************************************** 

Don't Just Change Your Curtains...

Change Your View. I DidMy Story 

2017 newsletters; as well as copies of 2016 and 2015 newsletters can be viewed by going to the Franchise Quest Website.  

Click on the Website link below, or go to:

www.franchise-quest.com 

Resource Center > Newsletter  

Small / medium size business owners:

Would you like to grow your business by franchising. 

$1,000 Referral Bonus $1,000

Additional Information Is Available at Franchise Quest

If you would like to visit, please don’t be shy about reaching out:

I’m a coach, not a sales person.

 

Larry S. Powell

Registered Franchise Consultant

Certified Franchise Consultant

CLICK HERE For Complete Contact Details

And To View My Video Business Card. 

Franchise Quest...Turning Your Dream Into Reality

San Antonio, TX 78248

210-479-2491 Direct Line-San Antonio

888-479-2491 Direct Line-Outside San Antonio

Email:  franchisequest@sbcglobal.net

Hook 'em 

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