Are you a people person? What about managing people? Prefer to work alone? All of these are things you should consider when looking at which franchise is right for you. In this 4 part series we will examine the different employment models to help you understand this factor when reviewing the perfect fit.
Successful concepts come in an incredibly wide variety of flavors. A potential franchisee will find a few that are really enticing, several that they see as fairly solid, and a large amount that they find don't suit their palate. When looking into a franchise concept, it is very important that a buyer not only consider the product or service provided, but also the "lifestyle" of the concept as it relates to ownership.
Underneath the flavor of a franchise concept is the raw employment model that the operation is built around. In essence, what it takes to get the job done. This can range from a one-person location, similar to a sole-proprietorship in its operation and day-to-day activities all the way to a largely employee-based vehicle. The raw model is going to affect many aspects of ownership including the amount and type of work required by the franchisee. The role that the employment model plays should be equally as important in the evaluation process as the flavor of the concept.
This 4-piece article will provide a series of case examples from current franchise companies that are all seeing success with their models. Each example will be from a different industry sector and will address a different employment model ie- the no-employee model, the mid-scale employment model, and the large-scale employment model. We will have each answer a series of questions as it relates to their business, the opportunity it provides, and the day-to-day work it creates.
We will examine several aspects of each franchise concept including their service, price point, and territory size. Then we will look into the way in which the business is developed by the franchisee, the role that employment, management, and coordination of others plays in the business, and what qualities they look for in a potential franchisee.
Just because a concept is in an industry you have an interest in, doesn't mean that it is work that you will enjoy doing or feel qualified to do. Look deeper than the surface of any opportunity and break it down to its simplest form and then proceed with your investigative work. Your chances of success and happiness with your business are much greater if you work within your skill set and choose something that will provide work that you enjoy doing.
Come back every 2 weeks to see a future article in this series as we profile franchisors in relation to this topic.