You’ve done your research, looked at the financial reports and narrowed down your options to just a few franchises, which you feel passionately about and believe would be a good fit! How do you choose just one? Ken Waterhouse, founder and managing director of Home Care Preferred shares the important questions you should be asking your chosen franchise before making a commitment.
How much will the investment be for the franchise?
Ken explains that normally this information is supplied quite early on in the decision-making process, but it’s important to weigh up the pros and cons. Of course, you should also make sure you’re able to deliver the required investment before continuing conversations with the franchisor.
How do you choose your franchisees?
At Home Care Preferred, Ken explains that franchisees are selectively chosen – just as they will have chosen Home Care Preferred on the same basis! We take personal attributes, passion and value into consideration so even if our franchisee doesn’t have previous experience in the home care industry it’s not necessarily a bad thing for us. You can read more about this here.
How long will I receive ongoing support?
It can be quite daunting setting up a brand new franchise! Even if you’re a serial entrepreneur and business owner it can still be difficult to break into a new market and start from scratch. Your franchisor will be able to explain the support you’ll receive from the onset and ongoing throughout your partnership. At Home Care Preferred we offer ongoing training and industry expertise even after you’ve launched your franchise, more here.
Business Owner, Business Tips, franchise, franchising, Franchisor
This post was written by Home Care Preferred