The big question every potential franchise owner asks themselves before taking the big leap into starting their own franchise journey. Should I join a franchise, go it alone or should I stick to my employed job? If you consider yourself an entrepreneurial person then you may be leaning towards starting your own franchise business or your own business entirely. Both models present distinct advantages and disadvantages, however, statistics show that by joining a franchise opportunity, you are far more likely to succeed within the business.
Making the decision to join a franchise can and should be a huge decision. It can be life-changing if the work is put into it. It should come as no surprise that a lot of hard work goes into starting a new business, and joining a franchise is no exception. Franchising is great for people who want to be their own boss, but also want the guidance and support of a trusted brand who have already built up their reputation and have a proven, successful framework in place.
If you’re considering joining a franchise, it’s critical that you have all of the right information, tools and support ready for you to succeed prior to joining. Here at Baby Ballers football franchise we actively encourage you to ask as many questions before joining, read all of the information that we provide and have in-depth conversations with our other franchise owners.
But, before we even get to that stage have a read of our post should I join a franchise to see if a franchise company is right for you.
Also, read 6 Things To Do Before Buying A Franchise
First things first, ask yourself why you want to join a franchise? Is it because you seek the freedom that comes with self-employment but don’t want the risk of starting out on your own? Is it because you’re really passionate about the company that you want to join and truly believe in their business model? Or is it because you seek a career where how much money you’re earning really is determined by how much work you put in?
Whatever the reason, make sure you establish this before jumping into becoming a franchise owner.
Next, assess your personal strengths. How do you feel about cold calling? Are you good at social media? Are you a people person who loves learning peoples stories and helping them to achieve their goals? Whatever your strengths are, play to them! They’re your biggest asset so don’t opt for a franchise model that doesn’t utilise them.
So, you’ve established that joining a franchise is the right next step for you, now to decide which sector you want to join! If you’re on our Baby Ballers website, then we’re going to take a stab in the dark and guess that you have some interest in football and coaching children. If not, then keep reading still. This information can be applied to any sector!
Before jumping into a new franchise model, unless you plan on being a very hands-off owner then prior knowledge of the sector can be a huge benefit. Having a passion for the sector is also something that shouldn’t be ignored. If you can apply your own knowledge to your job then this immediately puts you at an advantage over an owner who has no prior knowledge or passion for the company. Plus, you naturally succeed in sectors that you are passionate about, always keep this in mind.
Next, get an idea of the upfront costs of the franchises which you have your eye on. These can vary greatly and can be a detrimental factor to choosing which franchise you want to be part of. Be sure that you can easily afford these costs and that it won’t put a strain on you when you first start out. Also, don’t forget to factor in marketing costs and general day-to-day running costs. The FTC’s guide says it can take up to a year for your business to become profitable. Ensure you have access to capital that will cover both business expenses for six months and personal living expenses for a year.
For the sake of this post, let’s say that you have opted to join a football franchise. The next step is to research the various football franchise opportunities available at that current time, in your country of choice. Which are the best football franchises and the advantages of buying into each of these football franchises? Each comes with different start-up costs, reputations and help that they are willing to offer once you sign up. Do your research and don’t jump into anything, no matter how incredible their marketing and the opportunity may sound at that time,
Do you think you have what it takes to run your own Baby Ballers Franchise? You can read more on our Baby Ballers franchising opportunities here or request more information to discover if Baby Ballers is right for you.