Should you get involved in a franchise business?
Starting a business by yourself is a daunting task. Maybe you have a great idea but no capital. Or maybe it’s the other way around – you have some capital but no clear idea of what to do and what kind of business you could possibly start.
If you’re in the latter category, there is a solution that you can try for branching out on your own: opening a franchise for an established business. Here are some useful tips to help you get started:
Expand your horizons
There might be some amazing franchising opportunities right in your city or your country; that said, there are also some great opportunities to bring an established global business for the first time in your country. Franchises like the Dickeys barbecue pit franchise, for example, are available for countries all over the world, not just the US.
Do your research
Before you invest in any business (or make any substantial investment for that matter), you really need to take the time to research it properly. Not just checking out their website, their franchising offers, and so on, but actually going into some of their bricks-and-mortar locations to see what the place is really like. Want to open a Dickeys bbq franchise in your town, for example? Then visit a few locations, particularly some locations which be similar to your town, to see what they’re like and how they’re performing.
See what kind of support you get
Ideally, especially if it’s your first foray into business ownership, you want to find a franchise that offers some sort of support to help get you going. Before you make your decision, take the time to research the support you’d get; for example, the afore-mentioned Dickeys barbecue pit franchise offer numerous support options, such as extensive training at the Barbecue University, support with start-up costs and access to experienced teams in construction and real estate to help you get the business up and running.
Highly regarded on the world speaker circuit, Lilach has graced Forbes and Number 10 Downing Street. She’s a hugely connected and highly influential entrepreneur. Listed in Forbes as one of the top 20 women social media power influencers and was crowned the Social Influencer of Europe by Oracle. She is listed as the number one Influencer in the UK by Career Experts and is a recipient for a Global Women Champions Award for her outstanding contribution and leadership in business.