Tag Archive: Franchise Owner

Work Challenge

The biggest challenges startups and entrepreneurs face

August 20, 2018 8:00 am Published by

There are many reasons why you should be starting your own business or buying your own franchise. It will give you flexibility, you will earn more money, you will become own boss and you can build and learn new skills. However, there are also some challenges and difficulties that business owners will face (especially at the beginning). You should consider the following challenges when starting your own business and how you can overcome them. Funding a business or franchise Whether you are buying a franchise or starting up a new business, the biggest hurdle you might face early on is funding. Perhaps you can fund it yourself through your savings, but if you cannot then you might need to approach... View Article

Work Startup

Essential Startup Tips To Keep In Mind When Opening A Franchise Business

April 30, 2018 6:00 pm Published by

Starting a business might be something you’ve always wanted to do, and with so many opportunities, right now could be the perfect time to invest in your very own franchise. (Hint: catch up on our tips to selecting the right franchise here). Include these startup tips in your planning checklist:  1. Motivation Understand your own levels of motivation, what makes you tick and what you are willing to give up to reach your own levels of success. Keep your objectives in mind and stretch yourself out of your own comfort zone. Read more: Startup Motivation Tips. 2. Don’t Procrastinate Have you heard of the acronym ‘DUST’? Usually, entrepreneurs procrastinate because the task at hand is either; Difficult, Unclear, they are Scared... View Article

Franchise Business Owner

You Can Start A Business In Retirement

January 24, 2018 7:00 am Published by

Franchise Owners (and mother-daughter partnership) Angie and Shir-Li are looking to launch their new business. Angie, having worked as a Vice President in the banking sector in Malaysia, decided to move to the UK and invest in a Home Care Preferred Franchise, a model and sector very close to her daughter, Shir-Li’s, heart. In the past, Shir-Li had worked as a team leader and care coordinator for Home Care Preferred after her graduation. Their partnership signals the start of an exciting new family venture with support from Boon-Leong, Angie’s husband, who will be the company secretary. We caught up with Angie and Shir-Li to discuss their plans and reasons behind opening a franchise business. Why did you decide to open... 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

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

Leadership, Team Leader

Be The Right Person For The Job

August 15, 2017 3:17 pm Published by

Have you ever sat in an interview or a meeting and realized that the people in the same room don’t share your core values? At Home Care Preferred, we’re selective about whom we bring on board to take on a franchise. Our focus is on personal characteristics rather than experience in the industry. Running your own care business can be challenging but with the right attitude and character, we think the right person can make it a huge success. What do we look for? Amongst drive, ambition, professionalism and commitment to great quality and service, one of the most important attributes we look for is honesty and integrity and a passion for the care sector. As a leader and business... View Article