Are you wanting a career change? Have you had enough of reporting to a boss you don’t know and getting tangled in the hierarchy of management? Are you enthusiastic, hard-working and entrepreneurial? Could buying a franchise be right for you?
Firstly, you need to know what you are looking for, waht your goals are and how you can achieve them. Ask yourself what you want to get out of buying a franchise. If the first answer is “Money” then buying a franchise probably isn’t best for you. Owning a franchise can be a profitable move, but for the moment it needs a lot of hard work, will power and an investment of not just money but time and care too. If you want long-term job satisfaction and are willing to put in the hard work then it will pay off.
Secondly, how much money do you have to invest? Franchises come in a so many shapes and sizes, and equally at widely varying costs. Fun Science has a break down of their costs at //kidssciencefranchise.com/franchise-investment/. Unlike other franchises that take a percentage of profit, Fun Science will take a fixed £150 per month for maintenance and marketing, so they will never hold you down for being successful. Make sure you invest some serious time and effort in to making sure you have enough capital to potentially not turn a profit for the first few months.
How involved can you be? A franchise is like a baby that requires a lot of care and attention at the beginning. As time goes on and you get yourself a strong team to work with you will be able to take a step back and to delegate different responsibility. Do you have the time and energy it takes at the start? And equally important is to know not to take on too much, let other people do the jobs you have hired them for, can you guarantee that you won’t be too over-powering in the future?
Lastly, consider what you are good at. What are your skills, talents and passions? Are you customer facing? Do you prefer account work? Can you manage people? Think of all the skills you have and how you can incorporate them into running a franchise. By doing this you will also be able to see where you will need help and where it is advisable to pay the professionals. It is healthy to admit that you can’t single handed do everything all the time, and not being afraid to ask for help is a skill not to be ashamed of.
For more details on Fun Science franchise opportunities visit //kidssciencefranchise.com/