In our previous blog post, we explained what franchising is and now we want to warn you about the mistakes that many franchisees make. So if you are really interested in franchising, you should read this article carefully.
First of all, there are many questions you should ask yourself before you want to become a partner in a franchise company. You should be aware that with this decision you are becoming self-employed and this self-employment requires a lot of discipline, responsibility and calmness. It is therefore a step that is much bigger than you think. If you are interested in opening a franchise business, you should ask yourself whether you really identify with this industry. Can you still imagine yourself working in this industry in the next 10 years?
Doubts? Talk to experienced entrepreneurs
If you have any doubts about the concept, the sector or the franchisor, you should look around the franchise market and talk to other franchise partners.
Many franchise partners promise more than they deliver and this can lead to inconvenience. Trustworthy franchise partners provide you with information about the development of the contract from the outset and are at your side from start to finish.
If you are coming from an employment relationship, this will be a huge change for you. So you should first take a break to get to grips with all the important information and to realize that you will be your own boss.
Use this time to prepare for your self-employment. If you consider your business knowledge to be inadequate, you should also attend a course. Research all possible franchise topics, nothing comes as a surprise as the first advance VAT payment. You should make a note of any questions that arise so that you can ask the potential franchisor.
So, as already mentioned, you should not take the changeover lightly, because the franchisor takes responsibility for many things, but not for everything.
Cigköftem provides support at all levels
If you want to go down this path with Cigköftem, you should know that you will be part of the family and that we will always be at your side. It is important to us to educate potential franchisees in all areas and support them in any way we can. If you have any of the above questions or others, we will be happy to advise you.
