Opening a franchise is a popular route for first-time entrepreneurs to take as their path to business ownership.
As a franchisee, you are given the advantage of running your own business with a business plan and brand you know can be successful. Even so, anyone’s first year as a business owner can be intimidating.
Here’s what you can expect in your first year of franchising.
1. A Non-Linear Path
Growing a business doesn’t happen in a straight line. Regardless of what industry you enter as a business owner, one thing always remains true in your first year: there will be ups and downs. Getting comfortable in your new surroundings, familiarizing yourself with your industry and managing a unique set of personalities will always be filled with good days and bad days.
Image of Dryer Vent Wizard Franchisee and Business Owner, Gio Ferreira.
Through training, support, marketing and resources, franchising offers you the smoothest form of business ownership. Owning a franchise means the expected struggles of running a new business are lessened and the successes are amplified. Not only are you successful, but so is your franchisor and fellow franchisees.
2. Ample Training and Support
As an independent business owner, you are on your own when issues arise. You don’t just have to deal with the small problems that every new business faces by yourself, but you also need to build your unique brand and reputation simultaneously. That can all quickly become overwhelming.
Corporate training and support is an invaluable advantage of being a franchisee, and in your first year, you can expect even more training and support than usual.
Franchising with a company is a mutual agreement. As a franchisee, you are given the advantages of a proven business model and already successful brand. As a franchisor, you can help grow your brand by opening new locations helmed by smart and ambitious entrepreneurs.
Both parties want to succeed, so ongoing communication and consultation is a no-brainer.
3. Prepare to Work Hard
No matter how much training, support or resources you may have as a business owner, what matters in the end is hard work. Whether you’re an independent entrepreneur or a franchisee, working hard is the key to success as a business owner.
At Dryer Vent Wizard, hard-working business owners are who we seek out to own our franchises. In your first year franchising with Dryer Vent Wizard, you can expect all the corporate expertise, advice and advantages franchising provides, as well as benefits unique to our company. Our simple operations, niche industry and mobile concept separate our brand from other home service franchises and help our franchisees stand out.