5 Things to Know Before Joining a Franchise
Starting a business from scratch is far from the only way to become an entrepreneur or business owner. Over the years, more and more people have been drawn to the idea of franchising because it’s a low risk investment that yields high rewards.
But before jumping into such a big investment, there are important factors to consider.
Things to Consider Before Joining a Franchise
1. What you’re passionate about.
If there’s one thing all our franchise owners have in common, it’s that they absolutely love dogs. When it comes to joining a franchise, you have to think about a lot more than just what your profits might be. It’s important to be passionate about the work you’re going to start.
2. What your skills are (and what skills you’re lacking).
From hiring employees to keeping detailed books, an entrepreneur needs to be a jack of all trades. That being said, no one can do it all. If you know you have strong people skills but don’t enjoy organizing staff schedules, delegate that work to others or even consider joining the business with a partner.
3. What benefits joining a franchise has over starting your own business.
The main benefit of joining a franchise is that it’s a low risk business because the concept has already been proven. As a franchise owner, you also have the opportunity to speak with other owners and learn from their past wins and mistakes.
4. What you want to get out of a franchise.
From having a job that they genuinely love to the joy of knowing they’re improving the lives of their four-legged friends, our owners get so much more than just a paycheck from their Camp. We’ve also found that many owners look forward to passing down their business to their children.
5. What the time commitment will be.
The first year of business is usually the most demanding. Our owners spend most every day at their Camp training employees, interacting with customers, and caring for the pups. However, after the Camp is more established, owners can spend their time pursuing other passions, like opening additional locations!
Are you looking to be a part of a low-risk, high-growth industry, with high rates of repeat customers and a business model that ramps up quickly? If so, we think it’s time you joined the Pack!
To receive your complimentary executive summary and learn more about franchise opportunities, fill out the form below or call us at (870) 600-2713. We’re looking forward to having you join the Camp Bow Wow family!