Couples Find Success Through Franchise Ownership


In the spirit of Valentine’s Day, we’re going to write about a couple of spouse-run franchise ownership success stories. During the franchise investigative process, family participation is openly encouraged. As you well know, franchising is a decision which not only requires careful thought and consideration, but approval as well. Compatibility is obviously a key component when couples choose to work together.

Several franchise concepts are designed to work well with both spouses participating in the business. Whether it’s a home health care franchise, a quick-service restaurant or even a dry cleaning business, both husbands and wives have equal opportunities to contribute to the success. Some of the keys to this success include the establishment of well-defined roles within the business and treating one another as business owner equals.

Here’s a couple of examples where spouses took the proverbial entrepreneurial plunge together—and lived to tell about it!

Ken & Debbie Tillery – Great Clips Franchise

The Tillerys own 20 Great Clips salons in the Columbus, Ohio market. What has worked for them so well is the fact that they not only support one another 100 percent, they pick up the slack when they sense their partner needs it the most. Says Debbie, “I am operations and marketing. Ken is more behind the scenes—managing the technology and the build-outs. When we started out, Ken was working full time. I was doing Great Clips full-time—he wasn’t involved at all. As we grew, I knew I couldn’t do all of it. Ken started helping with the books at night and then he was able to retire.”

Jim & Patrice Kenyon – Window Genie Franchise

Jim spent almost 30 years trying to move up the corporate ladder, but set a goal to chart his own course by settling on a Window Genie Franchise in Chagrin Falls, Ohio. And his wife Patrice happily joined him in running the business. What made Jim decide to go the franchise route as a couple? Because they both have unique strengths and business acumen to bring to the table. Says Jim, “[Patrice] grew up in an entrepreneurial family, so has been in and around small business her entire life. This is a new phase in our lives, working together, and we really look forward to this new chapter.”

According to the U.S. Small Business Administration, approximately three million small businesses are couples-owned. That’s a lot of cooperation!

Working with your spouse to run a franchise on a day-to-day basis can be a challenge, but one that also comes with many rewards. If this sounds like a path you and yours would be interested in pursuing, FranNet can help. Taking the time to have an honest discussion of your business goals, as well as your personal goals, will help get you started on the right foot.

Now, isn’t that the true sentiment behind Valentine’s Day?

Let’s chat! There’s a local FranNet consultant right in your market who knows that market inside and out – knows the personality of the market – knows the competitive landscape. FranNet has a great track record of assisting individuals on their path to entrepreneurship, and one of our franchise experts would love to provide you with guidance free of charge. Sound like something you might be interested in? Get started here and find your local consultant right now! 


Support Counts. Will Your New Franchise Provide Enough?


The amount of support you can count on once you’ve purchased a franchise of your own will be a critical piece of your future success. That’s why franchisors go out of their way to tout their proprietary guidance programs. They know that if you don’t succeed, neither will they—in the long run, at least. Still, it’s important to know what type of a network you’ll be relying on once you open the proverbial doors to your own entrepreneurial journey.

First and foremost, there is no one-size-fits-all support network with franchising. The level and commitment of franchisor support can actually vary quite widely and it’s important to do your due diligence and get specific with your questions. There’s also validation—the process of speaking and interacting with existing franchisees already in the system. You should think of this opportunity as a living, breathing Yelp Review. Come prepared for this conversation with existing franchise owners, which may occur in person or over the phone. 

We also encourage you to talk with previous franchisees of that system.  Ask them why they got out? What type of support did they receive? Would they do it again if they had the cahcne?

The best way to arm yourself with expectation of franchise support is to read, analyze, discuss and question your official franchise agreement. Because what franchisors are and aren’t willing to do in terms of supporting their franchisees must be contained therein. To wit--if they are required to supply each franchisee with a 10’ x 8’ full-color banner which advertises the business and its operating hours, they better deliver one by opening day.

Major factors of franchise support are, for the most part, uniform. You should easily be able to find information related to site selection or real estate location, the amount of training offered to new franchisees and marketing/advertising concerns. It’s your job to ask the franchisor to spell out the specifics of each section. Don’t be afraid to ask nit-picky questions, either. These questions can often mean the difference between a simple misunderstanding of support and money out of your own pocket.

We think you’ll find that most franchisors provide the level of support that you, as a franchisee, will expect to receive. That’s why so many of them pride themselves on their level of support as a main selling point. Those that have sound support systems are the most likely to brag about it. Consider that a positive sign…and vice versa.

Let’s chat! There’s a local FranNet consultant right in your market who knows that market inside and out – knows the personality of the market – knows the competitive landscape. FranNet has a great track record of assisting individuals on their path to entrepreneurship, and one of our franchise experts would love to provide you with guidance free of charge. Sound like something you might be interested in? Get started here and find your local consultant right now!    


Taking Stock of You, Before Entrepreneurship


How well do you know yourself? Wait, don’t answer that yet. Because during this FranNet blog edition, we’re going to take you on a self-discovery session regarding your preparedness to enter the entrepreneurial world. The decision to become your own boss should never be taken lightly. Typically, those willing to begin their entrepreneurial journey have put a lot of thought and consideration into themselves and how prepared they are to meet a new set of unique challenges. Ready for some questions?

If you’re ready to become a business owner, are you truly ready to work even harder and possibly put in more hours than in your current position?

Is your current financial situation stable enough for franchising, which includes initial investment money, startup costs and other payables related to running your operation? Can you continue to provide for you and your family, at least until the proposed breakeven stage of growth?

Will you have an emotional attachment or passionate connection to your small business or franchise opportunity? Should you?

What kind of support system will you have to rely upon among your family, friends and business acquaintances? Have you discussed your hopes and dreams with them? How did they respond and what did you take away from any advice you received?

Are you prepared to learn new things about yourself? Perhaps this is one of the most intriguing considerations, because undoubtedly, you will.

We took you through this series of questions and considerations not to create any undue apprehension, but rather anticipation. We want our candidates to anticipate what success will look like once their entrepreneurial journey begins. Make sure you’ve allocated enough time, thought and consideration before you put that first foot forward.

Because we’re rooting for you.

Let’s chat.

FranNet has a great track record of assisting individuals on their path to entrepreneurship, and one of our franchise experts would love to provide you with guidance free of charge. Sound like something you might be interested in? Get started here.


How to Prepare with Your Own Set of Franchising Questions


As we continue to glide right into 2017, FranNet wants to make sure that we are catering to our intended target audiences—future entrepreneurs. We’ve made a commitment to providing you with quality information to use in your quest to take the reins of your future and decide your entrepreneurial destiny. During this week’s blog edition, we’re going to make some suggestions on how to prepare your own set of franchising questions.

Some of the clients we meet with come to their appointment armed with knowledge. Perhaps they have a certain idea of exactly which types of franchises they’d like to investigate. They may even some of their financing secured and they may even think they’re ready to pull the proverbial trigger on a franchise deal of their dreams.

But that’s not everyone. That’s not even most people.  We deal with all types of individuals and where they are in their particular stage of business ownership journey. This is why we want to provide some basic insight on the type of questions you should ask, should you be ready to schedule an appointment. While a few may seem pretty basic, we believe knowledge is nothing more than power. In no particular order, we recommend considering these questions:

  1. Have I reached the point in my career where working for myself is preferable?
  1. Can my current lifestyle support potentially even more hours dedicated to my business – at least in the short-term?
  1. Will my current finances allow for an entrepreneurial attempt?
  1. Can I adhere to policies and procedures not of my own making?
  1. Am I ready to rely on a training and support system and put my full trust in both?
  1. Can I build a franchise business plan on my own?
  1. Do I have a team in place to represent me, including legal and financial assistance – or do I need local help to put resources together?
  1. Am I open to considering a franchise that favors my strengths over one that I simply might prefer?
  1. Am I 100% prepared to succeed in this entrepreneurial venture?
  2. What is my exit strategy?

It’s questions like these that FranNet will bring up, even if you don’t. We want to make sure we’ve got the right candidate in you, just as you have the right candidate in us. If you’re ready to begin your entrepreneurial journey, conduct some serious reflection on these questions and jot down your thoughts. We can’t wait to hear your answers.

Let’s chat.

There’s a local FranNet consultant right in your market who knows that market inside and out – knows the personality of the market – knows the competitive landscape. FranNet has a great track record of assisting individuals on their path to entrepreneurship, and one of our franchise experts would love to provide you with guidance free of charge. Sound like something you might be interested in? Get started here and find your local consultant right now!    


How to Set Achievable Franchise Goals in 2017


Now that the holidays are past and the last of New Year's party favors have been thrown away, now's the time (if you haven't already) to look at setting goals for 2017. Do you have a plan for your franchise business in 2017? If not, fear not. During this installment of FranNet’s blog, we’re going to look at how to set achievable franchise goals in 2017.

The turn of the year, regardless of whether or not it matches up with your fiscal calendar, is a great time to take stock and assess your franchise operation. No doubt that you likely have endless monthly reports from which to cull information, but don’t ignore the intangibles. These include episodes or happenstances which occurred that may have left an impression on you. Take stock of both good and bad customer interactions and frame these as part of the discussion.

Based on what you find out during your franchise operations assessment, invite group discussion to explore and brainstorm what you and your staff determine to be progress. And be realistic. Every small business owner wants to double their profits in 2017, but you should focus on smaller, short term goals in which you can mark and measure regular progress. Go one step further and commit your goals to writing. As you tick these off—perhaps on a quarterly basis—your franchise will build momentum as the year goes on.

While concentrating on smart growth strategies and achieving new goals for your franchise, there are a couple of pitfalls to watch out for as well. When it comes to setting goals, don’t “set it and forget it." That feeling of satisfaction you have once your goals have been defined and committed to paper can evaporate quickly under the stress of day-to-day operations. By all means, revisit your stated goal plan with at least some form of frequency.

Another mistake to avoid is inflexibility. What looked right in January may not always appear the same by mid-summer. Build flexibility for your goal attainment exercise and don’t avoid adjusting the determination of your stated outcomes.

Above all, stay positive. Don’t be afraid to experiment in certain areas of your franchise operations. Find out what works. Eliminate what doesn’t. You’re capable of making the type of progress you plan for. It's never too late to get started and make 2017 the most profitable year yet!

Here's to a great 2017!

Let’s chat.

FranNet has a great track record of assisting individuals on their path to entrepreneurship, and one of our franchise experts would love to provide you with guidance free of charge. Sound like something you might be interested in? Get started here.


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