My franchise story this month starts with my client, Bill. Bill is in the armed services. He has made a career out of the army. No, he doesn’t strap on his field boots and gun every day, but he does wield a sophisticated system that trains hundreds of our men and women for combat.
I started working with Bill when he knew he wanted something more…something that was rock solid. He said the government is great but there are constant restrictions and cutbacks. So, we began our process of finding the right franchise for Bill that would give him that feeling of security and peace of mind.
Part I—The Assessment (10 minutes) which gives fast and accurate information about Bill.
First, Bill and I worked on understanding what interests him. We spent about 30 minutes together and I was able to get to know him better. We talked about his skill set, types of businesses he has thought about and his investment range. But more importantly, we talked about what he really likes to do each day and what motivates him. Bill loved to help people and has great organizational skills. All of these are good transferable skills to a franchise.
Next, Bill took Right Franchising’s online assessment. Ten minutes to find out the following:
1. Should Bill actually own a business?
2. If so, what values should that business have that Bill holds dear?
3. What type of franchises would fit Bill’s skill set and risk-tolerance level?
Once we completed the Assessment, his Interest Inventory and a questionnaire, I went to work. There are 4000 franchises out there and many are good; but some are not. As a certified franchise counselor, I work with franchises day in and day out, and know the ones that are good franchises with excellent return on investment and strong financial performers.
Right Franchising found four good franchises that fit Bill’s criteria and met his investment range. We also made sure the territory was available.
Next week, I will post our results and how Bill chose the right franchise for him and, oh yes, how his mother became an integral part of his business.
To learn more about franchising and if it is the right path for you, please reach out Gayle at 832-864-2687 or Gayle@RightFranchising.com.