Categories for Guidance and Advice

Franchise Owner Carole

From high pressure careers to a highly rewarding franchise

November 22, 2017 6:30 am Published by

With more entrepreneurs turning to rewarding careers in something they are passionate about, we caught up with Home Care Preferred’s latest franchisees to discuss the purchasing experience and why it was a good decision. Carole had dreamed of owning her own business for several years and following a difficult period for her family she received hands-on experience of caring for a poorly relative. She saw for herself what the care industry does in the community and it sparked a passion in the care sector. She decided to approach her friends and family (now her business partners) with a look at purchasing a care business. What did you do prior to opening a franchise and why did you change careers? I... View Article

Business Meeting

The Must Ask Questions for Franchisees

November 2, 2017 5:11 pm Published by

If you’re ready to purchase a franchise or if you’re meeting up with a potential franchisor be sure to read up on our last post about ‘What to Ask a Franchisor’? Click here to catch up. Before committing to a franchise, it would be a good idea to consider these additional questions to find out if the business is right for you. Ask these at your next meeting: What kind of profits would I make? A franchisor will be able to share with you their projections for profit. However, you must complete a business plan and take advice from your accountants. Will I have any additional start-up costs? You may already understand the investment requirements for your chosen franchise, it’s... View Article

Person Characteristics Traits

The Characteristics Of A Good Franchisee

October 4, 2017 8:40 am Published by

Purchasing a franchise has some great advantages; such as working with an established brand or company and the support and advice you’ll receive from the franchisor, read more here. However, do you have the characteristics of a good franchisee to make the business a success? At Home Care Preferred we look for particular characteristics in our future franchisees, so we can be sure they are right for our brand, company and the job- find out more here. In this article we look at the core characteristics in further detail. The first and most important trait that a franchisee should have is passion! When considering your franchise, ask yourself if you’re passionate about the sector, the industry, and the people! Running... View Article

Business Planning

5 Launch Tips For The First-Time Business Owner

October 2, 2017 8:34 am Published by

As a first-time business or franchise owner it’s likely that you’ve written up your business plan, had meetings with your bank manager and by now you’ve even had the training (if you’re a franchisee), but as first-time entrepreneurs there’s a jump that you’ll need to take from where you are now to the business launch. Read our previous post- “4 Skills You Need Before Opening A Business“. If you’re ready to launch, here are our top 5 tips for truly understanding your business or franchise before launching: 1.The 60 Second Pitch: Can you describe your business, sell your product or state your mission in just 60 seconds? Learn to pitch from day one so you can clearly and concisely describe... View Article

Event, Exhibition, Trade Show

Visiting An Exhibition? 5 Tips To Getting The Most Out Of It

September 30, 2017 8:00 am Published by

Exhibitions and trade shows can be very productive for entrepreneurs and business owners, but you don’t want to leave the event without having found everything you need for your business and without speaking to all the people you need to. In order to make the most out of them, we’ve compiled our top five tips to help you get the most from the day: 1. Identify A Target List: In advance of the event make sure you visit the exhibition website and pick out the key businesses and people you’d like to speak with. Note down their stand numbers and map a route for yourself from entry to the event, this will ensure that you have made time to speak... View Article

Business Considerations

Working In The Care Sector: The Facts You Should Consider

September 15, 2017 5:37 pm Published by

Being a part of a home care agency and owning a franchise is not only a job for someone who feels passionate about the industry, it’s quickly becoming a requirement in the UK! In fact, did you know that by 2025 it is estimated that the need for care workers will have almost doubled to 2 million people?   The UK is currently served by 685,000 home care workers and 53% of them are part-time. Unfortunately, it’s not enough! There is an unmet need for care with 30% of women and 22% of men over the age of 65 in need of help carrying out daily activities who don’t receive the help they need.   As more and more people are... View Article

Business Owner

4 Skills You Need Before Opening A Business

September 13, 2017 8:37 pm Published by

Opening a business or purchasing a franchise can have its own challenges, make sure you have these key skills mastered: Communication: Whether you’re writing a business plan in preparation to talk to a bank manager, or you’re about to meet with franchisors you’ll need to be able to master your communication skills. Later down the line, you’ll need to communicate verbally and written to suppliers, employees, and colleagues so now is the time to perfect it. Project Management: Not only will you need to manage the launch of your business idea or franchise, but you’ll also need to be able to project manage your timeline, budget, staff and more. If project management isn’t one of your top skills, consider taking... View Article

Business Advice

What People Don’t Tell You About Franchising!

August 24, 2017 11:00 pm Published by

When friends and family find out that you are thinking of purchasing a franchise, are they happy for you? Worried? Perhaps they are business owners themselves and have been in your situation before, maybe they offer their own advice? We’ve compiled a list of the things people should tell you but often don’t about franchising (and starting your own business).   Running your own business is going to be tough! Ok… maybe they have mentioned this before! What they probably don’t tell you is that at some point you will become the sales director, marketing executive, accountant, buyer, delivery driver and perhaps many other roles in your own company or franchise. The demands on you as a business owner are... View Article

Interview a franchisor

What To Ask A Franchisor

August 24, 2017 4:56 pm Published by

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... View Article

Success, Business

5 Habits of Successful Business People

August 18, 2017 12:36 pm Published by

Successful business people are not born successful! Behind every successful entrepreneur, business man or woman you admire there is hard work, dedication and a lot of motivation. Here are the five key habits that successful business people share: They Dedicate Time To Learning- successful people are not given the knowledge they need from the onset. They (like most people) have to figure it out along the way. They dedicate time each month or year to take their learning to the next level. Incorporate learning into your personal goals. Perhaps take up a course after work or during some downtime to expand your own knowledge on a subject, which will help you in your business. Wake Up Early- successful people are... View Article