While also trying to raise healthy, happy children at home, not every woman wants to “Lean In” and climbs the corporate ladder (with all the long nights and draining travel that might entail). Many women, while also allowing them to drive to recitals or even to work from home, seek a flexible career that provides income and satisfaction. This leads some women to seek out franchising as an option, this type of position may be challenging to find in the corporate world.
The home-based nature of their franchise system as big selling points, many franchisors actively seek to recruit women as franchisees and highlight the flexibility of their operation. There are just as many, if not more, risks for women who are seeking to navigate the road to successful franchise ownership, Women seeking a franchise need to do their homework.
Women should keep in mind before choosing a franchise; here are just five important tips:
1. Be Ready To Work
That means it requires your time, energy, and commitment, in order to become a successful venture, a flexible or home-based franchise, is still a business. In fact, some flexible franchises aren’t as truly flexible as you thought, you may come to realize.
For instance, especially for women, I believe that a real estate agent can be a great franchise option. That often isn’t the truth, it may seem like the life of a real estate agent affords you a great amount of flexibility. Your income would be affected; you could do real estate part-time.
2. Make Sure This Is a Legitimate Opportunity
Unfortunately, the very franchises that are most appealing to many women, home-based and part-time franchises often have the highest risk of being duds. Rather than selling a product to consumers, I mean franchises that are in the business of selling franchises. Rather than from the success of the franchisees, franchises make the majority of their money from the initial investment of new franchisees. With a poorly operating system and little marketing, these companies usually provide little support. As a result, the majority of franchisees wash out, losing a significant investment in the process, the majority of franchisees wash out.
3. See How Other Women Succeed
It doesn’t mean a glass ceiling doesn’t exist within certain franchises, just because you aren’t sitting in a cubicle. If your prospective franchise is truly female-friendly is to speak with current female franchisees, the best way to determine. Current franchisees as part of your discovery process, your prospective franchisor should allow you to contact. Ask them about the flexibility of the position if that’s important to you, When you speak with female owners and how many hours they put into their business each day, week, and month. By purchasing additional locations or taking on an additional territory, ask them if they feel like they have room to grow within the system.
4. Understand the Operating System
Improving the business’s operating system, the number one complaint we receive from franchise owners at the AAFD is the lack of support from the franchisor in managing. It doesn’t have any big holes or obvious flaws, Women should review how a prospective franchise operates and make sure the system. By speaking with current franchisees, you can also learn more about the operating system in action.
5. Do Your Homework
When considering buying a franchise, women must take all the same precautions as any prospective franchisee. Review your franchise agreement carefully, and make sure you are working with a franchisor that treats its franchisees fairly, I strongly advise you to work with a franchise. Make a smart choice; you still need to plot your course carefully.