The Journey to Franchise Ownership is Easier With Help from a Pro
Franchise Consultants are an essential part of the franchise discovery process. These professional matchmakers help aspiring business owners find an ideal franchise best suited to their background, goals and financial status. While they go by different names (franchise brokers, franchise career advisors or franchise coaches), their job is the same: guiding aspiring franchisees on a path to franchise ownership. Franchise Consultants change lives every day and are considered one of the business worlds’ best kept secrets—but not for long.
Now that the secret is out, consider these 9 facts about Franchise Consultants as you journey on the path to franchise ownership.
1. Franchise Consultants are In Demand
Franchises contribute 3% to the U.S. gross domestic product and are predicted to produce $860.1 billion in economic activity in 2023, according to FRANdata's 2023 Franchising Economic Outlook. As franchising continues to boom, so will the demand for Franchise Consultants.
2. Franchise Consultants Come from a Variety of Professional Backgrounds
Franchise Consultants bring a wealth of experience from many industries. Some were business owners themselves. Others came from corporate America or were stay-at-home-moms. Becoming a Franchise Consultant doesn’t require a specific background, but it does require a certain skill set. Great Franchise Consultants have excellent communication skills, a love of entrepreneurship and a desire to help others. Look for Certified Franchise Consultants who completed a reputable Franchise Consultant training program.
3. Franchise Consultants are In Business for Themselves
Franchise Consultants are their own bosses with the freedom and flexibility to make their own work schedule. Great Franchise Consultants run their businesses with the utmost integrity and professionalism. They rely on referrals and are motivated to deliver the very best services to aspiring franchisees.
4. Franchise Consultants Change Lives
Becoming a franchise owner can be a life-changing event, presenting the opportunity to build a family legacy and create generational wealth. With the help of a Franchise Consultant, the journey won’t be as intimidating or lonely since you’ll be guided every step of the way.
5. Advice is Free from Franchise Consultants
With life-changing services, you’d think advice and services from a Franchise Consultant would cost a pretty penny, right? Wrong! It costs nothing to work with a Franchise Consultant. Similar to real estate brokers, they receive a commission (from the franchisor) once a deal is closed. Take advantage of their wisdom and knowledge when you have the opportunity!
6. Franchise Consultants are the Cupids of the Business World
Franchise Consultants are professional matchmakers that connect hopeful entrepreneurs with business opportunities. They have strong communication skills and stay up-to-date on the latest brands and happenings in franchising.
7. Franchise Consultants are Experts in Networking
Franchise Consultants are amazing networkers. They stay on top of trends and best practices by attending events, trade shows and conferences. Experienced Franchise Consultants can connect with others right off the bat. Since many of these professionals are with franchise broker organizations, they have access to top brands and professionals in franchising.
8. Franchise Consultants Come from All Walks of Life
Franchise Consultants come from all socioeconomic backgrounds and ethnicities, but they all have certain qualities in common. They are entrepreneurial and driven as well as patient and organized. They are trained to help aspiring business owners find a perfect fit.
9. Franchise Consultants Understand the Importance of Due Diligence
Doing your franchise due diligence before investing in a brand is incredibly important, and Franchise Consultants are there to help you at every point in the discovery process. For example, they can remind you of next steps, assist with funding, and explain important documentation such as the Franchise Disclosure Document and Franchise Agreement. This assistance will help you become aware of red flags and provide valuable insights.
The Rise of Franchise Consultants
The secret’s out - Franchise Consultants are essential in helping entrepreneurs achieve their dreams. They are experts at franchise due diligence and networking. Their advice is free, and they take pride in guiding aspiring business owners through the franchise discovery process. With that in mind, why wouldn’t you consider working with a Franchise Consultant to help you on your journey to franchise ownership?