Becoming a franchisee gives people the opportunity to own a business they’re invested in and passionate about – the exact opposite of working for someone and not reaping the rewards of all the hard work. your towel.
Alistair Glaze, President of Business Partnerships, believes franchising can benefit job seekers in 2021 and offers his advice on why franchising is more than just buying a job .
With the most recent survey results from ‘Investors in People’ showing that people in the workplace are more than 10% dissatisfied at work since the previous survey in 2015, it is clear Franchising and all the benefits that come with it can be the answer to many of people’s problems. Having a job often makes it hard for people to realize their true potential and can lead to people becoming stagnant due to lack of career growth. In turn, this leads to unhappiness at work. However, franchising offers you job security, flexible work-life balance, and access to training materials that help you improve your expertise. So here are my top three reasons why franchising is more than just buying a job:
1. You can be your own boss
When you buy a franchise, you’re essentially tasked with running a branch of an existing company, managing all aspects of that company’s day-to-day operations yourself. There are many benefits to being your own boss, as well as the use of proven strategies and ongoing business support from the franchisor.
For many people, being a franchisee is an appealing proposition compared to being an employee because it essentially gives them back control over the direction their lives are headed. What exactly do I mean by this? Well, as soon as you are a franchisee, you decide how you want to work. And as long as you still meet the agreed standards set by the franchisor, the day-to-day operations are very much in your hands. For example, instead of working from 9 to 5, Monday to Friday, you can now decide your own working hours. When you own a franchise, even if you have a job in your business, you still get to choose when you work, how it works, and how much time you spend on it. Want to play golf on Tuesdays and Thursdays and start work around noon? Your call.
Another benefit of being your own boss is that the more effort you put in, the more you get out, which will feel much more rewarding and empowering for most people. If we’re honest, we all feel like we don’t get enough credit for the hard work we put in working for others, don’t we? With franchising, you are self-employed, so any effort you put into running your own business will impact you directly rather than benefit others.
2. You can scale a franchise but not a job
The harsh reality is, when you’re an employee, your paycheck is all you get, no matter how skilled or experienced you are. So even if you are proficient at your job and want to generate extra income for yourself, all you can do is ask for a raise or take a job at another company that pays better. However, achieving either of these is easier said than done.
Becoming a franchisee gives you the option to become a multi-unit owner and really scale your business and therefore your income. This is where one franchisee owns more than one franchisee. Most franchisors encourage this because if you succeed in mastering the workings of a location, you are very likely to succeed in repeating this success. Picture this: your franchise business is thriving. You have fulfilled your dream of owning a successful business and you are proud to have made a difference in your local community. Now, you’re ready to take the next step and scale your income and business. Being an employee does not give you this option. Become a franchisee. And even if you’re working 40+ hours per week running your franchise, you can always hire someone to take on some of your responsibilities to free up your time to open franchises. additional trade.
3. You will feel valued and supported
Another common motivation for people wanting to become a franchisee is that they don’t feel fulfilled in their current job. People can be unhappy at work for a number of reasons. It may be that they don’t like their boss, they may feel unmotivated and feel bored, they may feel underappreciated, or they may feel like they should do something meaningful. more meaningful. And with a survey from Totaljobs showing that 89 per cent of UK workers are looking for a new job by 20212, it’s clear that people’s discontent with their current jobs is clear. Becoming a franchisee is a great solution to job dissatisfaction because it gives people the opportunity to own a business they are invested in and passionate about. While franchisees must follow the franchisor’s system, it’s their business to move forward.
Another concern for employees is the lack of on-demand training and career development, which often leaves people feeling stagnant. The lack of employee professional development is reflected in the same survey from Totaljobs, which found that only 1 in 10 employees received training from an employer in 2020. This is in stark contrast to franchising. , where franchisors provide training and support programs for franchisees. Teach them how to run a successful business. These skills are transferable and are tried and tested training techniques that are essential for any job, not just a franchise.
