Are you full of the American entrepreneurial spirit? Are you tired of working for someone else? Does the dawn of a new year have you thinking about a career change?



Rather than start your business from scratch, you should consider hopping on the franchising train. 300 industries offer franchising opportunities. All you need is to find the best fit.

You're ready to branch out and try something new. Read about how to start a franchising career.

Why Buy a Franchise?

Buying a franchise means you get a leg up in business ownership. Your purchase and operation mean you own a business with a strong brand that people recognize and love.

You get the benefit of an already successful business with profitable business practices. The model, the marketing infrastructure, and the brand awareness are already in place. This means you have a higher rate of success.

How to Buy a Franchise

While buying a franchise seems like an easy route to success as a small business owner, there's a process involved. Starting a new job as a franchise owner isn't as simple as opening your doors for business.

Let's discuss what you need to consider and the steps you need to take for how to change career trajectory toward franchise ownership.

Research Research Research

You need to find the right franchise. One that you feel passionate about. While owning a franchise means a lot of the work is done for you, that doesn't mean you don't have to work.

You also need to research your desired location with your chosen franchise. Does the area need another fast-food restaurant or coffee shop? Scope your competition in your desired location.

Apply

All businesses that offer franchise opportunities require an application process. These businesses lend their brand to individual owners, and they want to make sure you will be a good steward.

These applications require your current financial status and education level. They'll want to know where you plan to open and what you know about the company you're buying into.

Secure Financing

Like any other business, buying a franchise requires start-up money. You'll have to find loans. The right financing can be a complicated process, though there is help available.

A professional franchise consultant can guide you through the entire franchise process step by step.

Let the Training Begin

With secure financing, a perfect location, and an approved application, it's time to dive into the company culture.

While a franchise is a small business of your own, you will need to complete training to learn intimate details of how the company you buy into performs its business.

This means training you to be a representative of the company so you can train your employees to be the same.

Franchise for a Career Change

A new year brings wonderful possibilities. If you need a career change and want to be your own boss, consider what owning a franchise can do for you.

Now you know what it takes. So why wait another day?

FranNet, Minnesota's number one franchise consulting firm, is here to help turn your business ownership dreams into a reality. Contact us today and learn what we can do for you.