FRANCHISING IS IT FOR YOU?
Why buy a franchise in uncertain times COVID-19
Franchising has historically been a proven model to increase the chances of success
In these uncertain times, however, let’s take a look at what has changed and whether becoming a franchisee could still work for you.
Resilience as a measure of success
Most companies are having a tough time right now, whether they’re operating a skeleton staff, temporarily closing doors or reinventing the way business is executed.
It’s during testing times like these that you, as a potential investor, will be able to see how franchisors support their franchisees. When you’re researching opportunities, ask franchisors about the impact of COVID-19 on their business. Find out how they have navigated the tricky landscape and use that to understand the drivers and overall ambition for the brand. Ask us now?
FRANCHISING IS A PARTNERSHIP DURING COVID-19
A problem shared is a problem halved
Franchising is a partnership and you’re definitely not going to be alone. Whether you work closely with the franchisor or invest in a brand where there is a strong community culture within the franchisee network, help and support will always be on hand. During your due diligence, be sure to ask both franchisors and franchisees about the structure of communications and support available.
If you have a natural entrepreneurial flare, now is a good time to buy a franchise.
Covid-19 may have meant it is time to accelerate your own plans to be your own boss.
For many, lockdown has meant life in general has slowed down. Families are more connected than ever and the little things are now what matter most.
If you’re reading this and want to maintain some of these elements in your working life, you’ll be pleased to know that franchising could be the answer. Whether you wish to work part-time, full-time, franchising provides these opportunities.
You can join us knowing that we as a network have recently adapted our model and kept afloat even during 3 lockdowns and we are now looking for new franchisees to come onboard.