Are you looking for a change of career? Perhaps you want a job that you can do on your own time or you’re looking for a fresh new opportunity in your professional life that not only combines your passion with your job, if this is the case then perhaps owning a sports or football franchise could be the right next step for you!
What is a franchise in sport?
If you’re not familiar with the business model of franchising, then the first key question you might have is what is a franchise in sport?
Essentially, a franchise in sports involves setting up your own business but taking on board the branding, name and ethos of an already established company involved in the sports sector. Owning a franchise means that you get all of the benefits that come with owning your own business but just without a lot of the pressure, cost and unpredictability.
For more information on franchises you can also read Should I join a franchise?
What’s involved?
When you buy a sports franchise, you will get access to professionals in their field as well as all of the business assets and information around the business, these professionals will provide you with all of the information you need to know to get the franchise business up and running. You’ll never feel alone when you’re running a franchise and with a good one, you’ll constantly be learning and improving with others in the business.
This is one of the largest benefits of joining a franchise instead of setting out on your own. Because you’re buying into an already established sports business, you can jump straight into running your already made business instead of having to start from the ground up. Whilst you may be responsible for managing the marketing activities yourself, you should still have access to all of the assets and marketing materials that are already in place. You’ll be encouraged to use the company’s marketing materials and will have to use the branding that is already in place to keep the company and franchises on brand at all times.
Benefits of owning a franchise
Less risk with a sports franchise
Many new businesses fail within the first year of operation, so setting up a new sports brand from scratch comes with a lot of risks, especially in the current climate. A huge benefit of buying into a sports franchise that already has a proven track record and business model makes your risk of failure, especially in your first year, much lower. It’s a great way to become a business owner without one of the largest risks associated with starting a business.
Ongoing support
If you’re looking for a career opportunity that gives you responsibilities and allows you to be in charge, but also has ongoing support on hand from experts within the franchise group, should you need any advice, then this is where a sports franchise lets you enjoy the best of both worlds.
While support is available if you need it, bear in mind that you’ll still need to have a proactive approach to the business, be motivated and determined, and possess a can-do attitude. You might not necessarily need skills in the particular area of sport, as training can be given, but you should enjoy working with children and adults and have a range of practical, transferable skills.
Flexibility & a great work-life balance
The flexibility that comes with owning a franchise is another huge benefit which often attracts potential franchise owners. With most franchises, and here at BabyBallers, you can choose how much you want to scale the business and therefore, how much you want to earn and of course, how often you want to work. You can either choose to scale your business as a part-time role or take it on full steam as a full-time business owner.
This flexibility allows you to achieve a work-life balance that works perfectly for you, this lets you gradually get used to the franchise experience, so you can increase your commitment to it further down the line if that is your aim.
Profitable rewards
What also makes sports franchise opportunities so appealing is the fact that often the investment you need to make to become a franchisee is much less than if you were starting a brand new business. This makes it a great choice for those who may have limited funds, but still like the idea of running a business, and all the opportunities it may bring.
Some of the best sports franchise opportunities can also be quite lucrative, especially if you get involved with a business that has already made a reputable name for itself. Just ensure you ask the right questions prior to joining and do your research around the business. With the right knowledge, your new franchise could open a whole world of opportunities for you.
