Why Franchises Make Great Family Businesses
Franchises can allow a small group of people to compete with larger companies. This makes them a viable option for a family business. With this type of business model, you own your own business, but you have well trained support and guidance. The franchise has established the outcome, and every family member working in the business will clearly know what that goal is. The beginning, middle, and end have an outlined protocol. This helps keep interfamily arguments under wrap.
A Complete Franchise Package
One of the biggest draws of buying a franchise is the done-for-you system. The brand name is established, staff and management training has been perfected, products have already been researched and developed, and professional marketers have produced advertisements. Because of this model, there is very little for the family to make group decisions about.
The head office fine tunes everything from the colors, appearance, and building space or structure. There are no logos, flyers, or menus to design. With all of these processes in place, families can get right down to running their business and serving their customers.
It is Either Yes or No
When working within a franchise, any question you have about procedures, operations, or training has more than likely been asked and answered. If not, the main office will use their vast resources and find a solution for you.
The broad level of support offered covers all aspects of the business, whether behind the scenes or the public side. This allows you to focus on the quality of your business.
There is an Action Plan
These companies have defined positions and roles for every employee. Each family member’s tasks will be predetermined, and the company provides training. There is a clear delegation of chores and the knowledge on how to complete them.
Financial Strength in Numbers
Families can pool their finances together when buying a franchise. Going in together and working alongside each other is one way to insure a strong team that is vested emotionally and financially and who all want the same outcome.
Franchise Business Hours are Established
The hours have already been tested and established. Family members can work out what shifts and hours they could do for their situation. The business could support the family financial and allow individual’s personal time.
There are Many Franchise Opportunities & Models to Choose From
Restaurants are not the only franchises, but they are a very common one. Here are few more categories and franchise opportunities, but the list is by no means complete.
- Automotive, oil change stations, or car washes
- Beverage service, coffee shops, bars or taverns
- Cleaning and janitorial
- Fitness centers or gyms
- Senior care and home health care
- Tax services, or packing and shipping
- Vacation and travel planners
Franchising offers variety, an established business plan and model with the details worked through. An employee and management-training program with specifically spelled out tasks for each member. There is technical support for the operating systems and onsite support. With so many positive conditions, a franchise is fast and effective opportunity for a family business.