During this week’s edition of the Proven Match blog, we’re going to discuss the possible signs that you might need a franchise coach or consultant to guide you through the business development process. Coaching—in any form—is by design necessary to master any interest or activity. A running coach can help you get off the couch and complete a 5k. A martial arts master can guide you to the proverbial black belt of proficiency. And a financial coach can help you get your budget in line with your retirement goals. All of these are important undertakings. So why wouldn’t you consider a franchise coach when making one of the biggest decisions of your life?
What franchise coaches and consultants primarily do is guide you through the investigative and/or development process in a professional manner. What you don’t yet know, they specialize in and what you have to learn can be taught by them. The development process of buying a franchise of your own can be a complicated task for those uneducated on the finer intricacies of the journey.
Say for instance that mathematics just isn’t your thing. If numbers, spreadsheets, projections, cash flow and P&L statements cause you a spike in anxiety, a franchise coach can help you navigate through the columns until things make sense for you.
If you’re about to enter the franchise expansion process without yet knowing the full story of how you’ll pay for a multiple units of your own, a franchise coach or consultant can help you understand the various avenues of financing them. In addition, they may also have recommendations for specific funders who work exclusively in the franchising arena.
Last but not least, a good franchise coach will have been in the industry for some time and knows it inside out. And he or she will likely possess an invaluable number of networking contacts for you. These include franchise attorneys, CPA’s and financiers. Never underestimate the power of the business card Rolodex.
After you’ve come to the decision to go the franchisor route in life, there may soon be multiple signs that you need the advice of a good franchise coach or consultant. If you begin to feel the need to retain such services, conduct a thorough search for the right fit. Once this is accomplished, you’ll likely experience much calmer waters for which to sail toward your ultimate dream of business ownership.
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As a franchisor, you’ll want to know which existing and potential franchisees best fit your business concept. Proven Match is the proven solution in determining those factors. Through our proven behavioral assessment techniques, predictive analysis becomes a predictive success for your franchise concept. If you’re ready to show your leadership by getting started, give us a call and we’ll put you on the path to a more productive year in 2017.