Pre-Screen Yourself Before Choosing Franchise Concepts


If you’ve harbored thoughts about becoming your own boss in the near future and franchising appeals to you, then you have choices. In fact, you have over 3,000 franchise concepts to choose from. That’s a big number, so how in the world should you narrow down which ones appeal to you? First, by taking your time. During this edition of FranNet’s blog, we’re going to explore some internal exercises that will help you create a strong list of candidates based on your own preferences.

If your mind is already made up, it’s made up. You may have already decided that a particular franchise is exactly what you want. There’s no harm in that, but there’s also no harm in reading further and seeing if you truly are making the right choice.

This is an exercise in introspection. Meaning, self-evaluation. You’re going to have to get a blank sheet of paper and divide it into two columns. Yep, the old pros and cons of your business ownership preferences. Questions to ask yourself as you put pen to paper: Do I want a business that mirrors my career to this point? Do I want to go in a completely new direction? Do I want to be an owner or a manager?

What are my interests? What are my passions? These are broad-based questions designed to get you thinking about who you are and what you aren’t.

Later in the exercise, you can get into the finer details. What type of hours do I prefer to put in? Will I choose a business with weekend hours? Who’s going to run the cash register? 

What you’re really doing is pre-screening yourself. And it’s also a big part of what we at FranNet do with our new clients. Often times, budding entrepreneurs come to us with a three-ring binder, chock full of pages upon pages of details about their franchise dreams. They have things completely mapped out. Others come in for appointments with our qualified representatives and say, “I’m not sure franchising is for me, but I’d like your opinion on the matter.” No paperwork. No binders.

We believe that there is a good deal of good that can come from pre-screening yourself on your franchise ownership preferences. After all, nobody knows better than you what your hopes and desires are in becoming a business owner. Whatever the answers, we’d just like the opportunity to facilitate the rest of the process with you. Officially, that’s called the franchise investigative process.

If you’re in the market to test the waters of franchise ownership, now is the perfect time to take stock of what you’ve accomplished to date and how you’d like your new life as your own boss to unfold. So pre-screen yourself. The best thing about this decision is how much it will free up your destiny. If you’re solely in charge of your own future, take the time and reflection to find out what you really want to do as a business owner.

If you were a captain of industry in your previous life, you might not picture yourself running a mobile pet-grooming business. But if you hated being behind a desk for eight hours a day, hated the endless meetings and conference calls, hated having to answer to superiors who weren’t actually that superior, you never know. You might totally enjoy cruising through beautiful neighborhoods in your own custom mobile unit, breathing fresh air, meeting interesting people and expressing your abundant love for animals. The best part? You’re now working for yourself. The only boss that matters.

See what we mean?

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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!


Why Rules are Important for Franchisees


When a budding entrepreneur books an appointment with a qualified FranNet representative, our initial visit includes a consultation which centers on you as a person. What is your personality like? Are you Type A? Type B? (Some report Triple AAA exists). What we’re trying to ascertain is your motivations and what drives you. But not to be overlooked in this assessment of your business style is your adaptability. We need to know if you’re comfortable operating within a constrained system, designed for replication and—ultimately—success. Here’s why rules are important for future franchisees…

The franchise model is based upon buying into an established brand. Ostensibly, this brand will pre-include many operational aspects which have driven the success of the franchise component. In a sense, you can refer to these aspects as rules. The rules are in place to make sure that the processes – and output – remain consistent with the franchisors objectives in creating that success. 

Let’s use McDonald’s as an example. If you harken back to an advertising campaign the franchisor ran many moons ago, the jingle stated that Big Macs include two all-beef patties, special sauce, lettuce, cheese on a sesame seed bun. Sounds delicious! But here’s the thing. Suppose a new franchisee decided to serve the Big Macs without the special sauce? Because, well perhaps the new business owner didn’t care for the taste of it personally. Technically, he just broke the rules. And his output was no longer a Big Mac, either.

The rules of franchise operations guarantee the consistency of the product. Numerous brand examples prove this point. Whether you’re going to H&R Block for a tax consultation, buying coffee from Dunkin Donuts or a sandwich at Jimmie John’s, the franchisor has set in place many rules to ensure that consumers experience that consistency of output. As a franchisee, you simply can’t break with the traditions that built the brand.

We bring up rules because not everyone is suited to follow them as they should. We understand that everyone is different in their approach to rules and regulations. If you’re a strong creative type and believe in utilizing your own headstrong approach—be it art, or in business, or parenting, franchising may not be the best fit for you. That’s not to say that you won’t have input on decisions or even the ability to questions your parameters as a franchisee—you will, it’s just that franchising is completely predicated on following carefully planned rules. 

As a budding entrepreneur or someone interested in one day owning a business of your own, you need to know that in our industry, franchise rules are designed to protect the strength of the franchisor’s overall brand. However, your corporate contacts and support system personnel should always be willing to listen to input. If you have an economic case to be made to your franchisor that could potentially boost productivity or profitability without harming the brand, you may end up with consideration for a rule change.

Let’s get back to personalities. If you had to self-assess your own likelihood of following well established rules within a constrained system, could you do it? Would you be able to keep up this attitude, even if you didn’t necessarily agree with the reasons? These questions are important to ponder. And it is part of what we at FranNet can help you discern. If you desire to chart a path to franchising, we can get you from point A to point B, but your personal journey continues unabated throughout the process.

Following the rules is a vital aspect of owning and operating a franchise of your own. Make sure you’re just the type of person to do so.

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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!


What Successful Franchise Owners Have in Common


According to Statista, the online Statistics Portal, it is estimated that there are approximately 750,000 franchise establishments in the U.S. in 2017. And while many of these establishments fall under corporate or multi-unit ownership, that’s still a lot of franchise owners. It got us at FranNet thinking about a central question that we could pass along to our budding entrepreneurs. What traits do successful franchise owners have in common with one another?

According to franchise experts across the spectrum, ideal franchisee candidates…

Believe in Processes

In order to be a successful franchisee, you have to buy into the concept of following a strict system of business operations designed to produce success through replication. Without these protocols, franchises would be called something completely different—independent small businesses. Anyone can open a small business and run it however they like, come what may. But to be a successful franchisee, you have to have an innate understanding of following the rules. It’s one of the reasons military veterans make such good franchisee candidates. 

Manage People Well

If you’re going to survive in the world of franchising, you better have a solid grip on the fundamentals of managing people—and managing them well. Your establishment will only be as good as the team representing it. The ability to hire the right employees, manage their individual skill sets and conduct a personal orchestra of your own is tantamount to a thriving franchise operation. 

Take a Risk or Two

No person unwilling to take a true risk in life can be confused with an entrepreneur. Taking a risk on opening a business of your own is by nature the definition of franchising. Those satisfied with working for others without a thought of changing their own outcome in life simply aren’t good candidates for franchising. To survive, you have to be committed to your new future. And willing to go out on a proverbial limb to get it.

Are Still Willing to Learn

No successful franchise owner can function properly as a know-it-all. Franchisees have to be willing to make mistakes sometimes—and correct them when they occur. A big part of franchising is understanding the processes behind the business procedures. They must be followed to the letter. Along the way, opportunities to streamline and become more efficient will present themselves…to those willing to still learn a thing or two

Aren’t Too Proud

In your previous life before franchising, you may have been a Captain of Industry, with dozens of employees under you management. Once you become a franchise owner, you’ll still have to be humble enough to ask for help when you need it. Because franchises pride themselves on systems of layered support. One of the greatest aspects of franchising is knowing that you’re truly never going it alone with your business.

These are but just a few traits that make up a successful franchise owner. Perhaps you see yourself in several of the aforementioned examples. If not, try to introspective exercises in contemplating whether franchising will end up being a good fit for you, personally. This is part of what we do every day at FranNet. We help individuals decide if franchising is the right decision for their life, their family, their goals and their happiness.

If you’d like to discuss these traits and any others you feel should be on this list, drop us a line or make an appointment with a qualified franchise representative. We’ll help you find the answers you need.

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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!


Things You Should Google Before You Begin


If you aren’t already aware, the website, Google has the capability of being your best friend. Its search abilities are legendary, though at times it seems to be quite an underutilized asset in your quest for entrepreneurism. The sheer amount of information that you can pull down with just a few carefully placed keystrokes is nothing to be taken lightly. In today’s FranNet blog edition, we’re going to go over a few things you should Google before you begin a franchise search of your own. 

Google: “The ABCs of Franchising”

You’re liable to come up with all kinds of search results for this one, but we’ll cut to the chase. Since franchises are regulated by the Federal Trade Commission (FTC), you can familiarize yourself with an A-to-Z look at the concept and process of franchising by visiting their microsite, A Consumer’s Guide to Buying a Franchise. It will likely be the most unbiased look you can get. If you find yourself wanting even more unbiased backup, check out the International Franchise Association’s Franchising 101 site. Really good stuff, here… 

Google: “Writing a Business Plan”

If you’re interested in franchising, you’ll be following a strict system designed specifically to operate smoothly. But you’ll still need a business plan of your own, especially if you need to secure financing from an outside source. The United States Small Business Administration (SBA) has a fantastic tutorial available on their website. Features include a 30-minute video tutorial which will cover all of the basics for you.

Google: “How to Finance a Franchise”

In the world of franchising, you’re putting up money and finances to buy into a brand with proven systems. While franchises come at all ends of the cost spectrum, it’s still a personal investment that deserves the utmost due diligence and consideration. Assess what you already have in the way of funds and decide how high of a bar you can afford. Both the Wall Street Journal and the International Franchise Association have website information which can be invaluable to your learning curve. You’re likely to discover that there are more ways to pay for a franchise than you currently realize…

Google: “Mistakes to Avoid When Buying a Franchise”

You’ll want to get out ahead of this one for sure. In doing a little bit of research on the most common mistakes made when buying a franchise, you’ve upped your chances of not adding your own name to the list. It could be a most helpful exercise in preparing you for the road to entrepreneurship.

Google: “FranNet”

We hate to toot our own horn here---aw, who are we kidding, it’s our blog, right? As a budding entrepreneur, we want you to be successful. If you make a no cost, no obligation appointment with one of our qualified franchise consultants, we’ll help you assess your current situation top to bottom. We’ll find out together if franchising is right for you. And if it is, we’ll help you locate the kinds of franchise concepts that fit your specific business owner profile. The world of navigating the franchise game can get complicated, but it’s our aim to simplify things for you, your family and your supporting cast. And if you’re satisfied with our efforts to assist you and happen to one day get the keys to your own franchise operation, be sure to put in a good word for us. We’re here to help.

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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!


The Art of Giving Back…FranNet Style


Now that Thanksgiving 2017 is officially in the books, it’s time to turn our focus to (gulp) Christmas time! Already? Yes, it’s now that time of year to enjoy holiday lights, Christmas trees, stocking stuffers, building snowmen and singing carols to our neighbors. But no holiday season would be complete without the age old and appropriate topic of charity. One of our very own franchises, FranNet of the Heartland, gives us a prime example—as part of a year-end celebration to be held on Friday, Dec. 8.

FranNet of the Heartland covers the territory of Nebraska and Western Iowa. Headed by Blake Martin, a FranNet veteran, the organization hosts an annual year-end celebration and open house. However, in doing so, FranNet of the Heartland makes sure that it’s December celebration has a benefactor. This year, it will be a benefit and fundraiser for the local Omaha Home for Boys, a nonprofit dedicated to providing care and support for at-risk youth ages 14-24 as part of its mission of Strengthening Youth and Families. The Omaha Home for Boys is committed to providing services to young men and women through family-style, community-based programs supported by education.

In addition, FranNet of the Heartland’s event will also assist in bringing recognition to several artistic entrepreneurs at Omaha’s Hot Shops Art Center. This facility hosts four anchor centers while supporting over 80 studio artists in various gallery spaces throughout.

The dual-benefit purpose is simply a way for FranNet of the Heartland to give thanks and pay everyone forward for making 2017 such a successful year for the organization. The Dec. 8 celebration runs from 4:00 p.m. and goes until 6:30 p.m. During the soiree, which is open to the public, there will be networking opportunities, appetizing appetizers, and several one-of-a-kind prize drawings.

As part of the Omaha Home for Boys benefits, patrons are requested to bring gifts which can then be distributed to the less fortunate at the home. Ideas include board games, movie passes, sports equipment, personal hygiene products, clothing, bedding and towels. Each donated item gives the issuer a raffle ticket for some fabulous door prizes. 

Donations can be made in person at the event or made in advance by following this link.

Schedule to be the keynote speaker of the event is David Brown, president and CEO of the Greater Omaha Chamber of Commerce. He’ll be giving his version of the 2018 Heartland Entrepreneur Outlook. The dress code is business casual.

If you do happen to live near, in or around Omaha, NE, consider attending this year-end celebration event. The location for the Friday, Dec. 8 event is: Hot Shops Art Center, 1301 Nicholas Street, Omaha, NE 68102. Attendees are encouraged to pre-register by following this link for an accurate head count.

If you’re not in or from the area, you can still donate by following the links above. Blake Martin and FranNet of the Heartland are an integral part of our national operations and we’re awfully proud to feature his organization in the pages of our blog. He’s a fine example of giving back…FranNet Style!

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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!


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