12 Jul The Fun Quotient of Owning a Franchise
As the owner of a franchise, you have to work very hard; after all, competition in this space is very high. You have to keep a tight rein on things and ensure that everything runs like a well-oiled machine. While it’s important that you run your business in a professional manner, there’s no reason why it can be fun as well.
The Fun Factor of Owning a Franchise
There are some things that you may never have thought would have the fun quotient in them. If you are contemplating starting on a franchise business, these are the things that could keep your morale high and motivate you to own a franchise.
Open the door to opportunities
Many people are tired of the daily grind and their boring 9-5 job. When you decide to own a franchise, you open the door to a range of opportunities and that can be an unmatched feeling- one of freedom and being your own boss. In fact, this feeling is one that can keep you going when things get rough too.
Having a staff
While having employees may not really sound like fun, the fact is that it really can be. For instance, it’s great when you can delegate jobs to others. If you are particular about keeping your team together, it can turn into a very close-knit group that you can bond with. You can also conduct team-building outings, have incentives for your team members and ensure that they are as motivated as you are to turn your venture into a success.
If you aren’t very keen on being tied to a routine, you do have the option of looking for a franchise opportunity that allows a certain amount of flexibility. Something that would give you the scope to leave your place of business, halfway through the day to spend some time with your partner; or maybe something that would allow you to take an extended weekend so you could take a quick road trip with your family. To a certain degree, that can be fun, cant it?
When you own any business, networking is part and parcel of the territory. That is one of the ways of getting the word out about the business you run. It also helps keep your business at the fore of people’s minds. You can look for suitable local business groups that provide great networking opportunities and that too adds to the fun quotient of owning a franchise.
Bookkeeping and accounts
Not everyone is a number-cruncher. And if you aren’t one, then you must surely be wondering how sitting with a calculator or at a PC wading through pages and pages of accounts can be fun. Well, we agree that the actual accounting task may not be fun, but at the end of the month you do want to know exactly how much of profit you’ve made. It’s at this point that counting money becomes fun-especially because you are counting your own money.
Have Fun Along the Way
If course, we aren’t remotely suggesting that being the owner of a franchise is all about fun and games. You will find that some days are truly fun-filled, while on others you might be pulling out your hair in frustration. But then, when you are the owner of a business, that changes it all, and when you sit back and truly think about it, you will realise that you really are having a lot of fun!!
For any more tips or information related to franchising and how to make a success of it, contact us via this number – 1300 855 435. If you like, you can also send us your queries via this online form.
Thanks for reading,
The Franchise Institute Team
1300 855 435