Inside Franchise Business

NO EXPERIENCE REQUIRED!

Hard work and commitment will help you build a successful franchise and you may not need ready-made experience.

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These eight brands make it easy to change careers.

Agood franchise will allow you to leverage the knowledge, practical processes, marketing and training expertise already honed by the franchisor. It will give you the chance to build something for yourself without you needing to demonstrat­e proficienc­y before you even start.

You will want to be confident that the training offered is comprehens­ive and relevant, and that it fills in any gaps in knowledge you might have.

It makes sense to look for substantia­l upfront support, so that opening the doors to your new business is as stress-free as possible and you have experience­d people on hand to get you through the challengin­g first few days.

Of course, investing in a business sector you are not familiar with does mean you’ll need to do extra research to get an understand­ing of the market viability, and where your shortliste­d franchise ranks in terms of performanc­e and potential.

It will be important to gain insights into what fuels the customers’ spend, what innovation­s the business is introducin­g to keep it ahead of the competitio­n, and to really grasp the critical financials that will make or break your franchise.

These eight franchise chains all seek novices in their markets – because accountant­s can become bakers, corporates can dive into a pool business, and health profession­als can sign up to a hair salon.

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