Franchising, like starting your own business, can seem intimidating, but unlike starting from scratch, being successful with a franchise often comes down to following an established, successful business model. With that said, here are some of the biggest fears people have about buying a franchise and the reality behind these common worries.
“What if my franchise fails?”
Losing your money can be a devastating feeling. It takes confidence, courage and determination to hand over the initial franchise fees, especially if you’ve spent years saving up to do so. This can lead many to worry they’ve either made the wrong choice, or won’t be able to sustain the business once it gets going.
Of all franchises opened in Canada over the last 5 years, 86% are under the same ownership and 97% are still in business.
The benefit with a franchise is that you are buying into a proven business model that has already demonstrated itself to be successful. Less than 7% of franchise owners fail within the first 3 years, as compared to over 90% of new business startups.
To minimize the risk of your franchise failing, it is important to do your due diligence throughout the process. You should research the franchise opportunity extensively before buying in, speak to other franchise owners, and get to know the team you would be working with. Franchisors want their subsequent franchises to succeed, or it hurts them and their brand.
At Skedaddle Humane Wildlife Control, we believe: If you’re not successful, then we’re not successful. We enjoy being the best in the markets we operate and we will work with you to become the best in your local market. We also believe that following and staying true to the business model is essential to the success of the franchise. As long as you’re committed to your role as a business developer, manager, and CEO, nothing can stop your location from being the best it can be.
Many of our franchisees recoup the cost of the initial franchise fees and royalties within months of opening. Not many franchises can say that!
“What if I can’t attract customers?”
Another big fear prospective franchisees have is the business’ ability to not only attract customers, but to sustain that stream of revenue over the long term. Sure, grand openings are exciting and generate a lot of interest early on, but how can you be sure you can keep people interested in the months and years to come?
Most home and business owners don’t expect to have to deal with nuisance wildlife inside their home. When they discover a problem they often don’t know where to turn or who to call.
Attracting customers in wildlife control is all about making sure your business is front and center when customers need you. Fortunately Skedaddle Humane Wildlife Control has developed specific marketing strategies that are both effective and industry specific.
Every company has periods where business is slower than usual. The important thing to understand is that it doesn’t mean you’re on a course toward failure. Understanding your business cycle and planning for the short, medium and long term are key.
The best way to deal with slow days is to plan for them ahead of time. If you run your finances expecting to be busy every day, you’ll find yourself in trouble when slower days do come. Manage your finances conservatively and have funds on hand to meet expenses if business slows.
Skedaddle Humane Wildlife Control Market opportunity: As lethal trapping and harvesting methods become increasingly unacceptable to the environmentally friendly public, humane wildlife control industry is growing. The Wall Street Journal reports that hundreds of millions of dollars are spent annually on nuisance wildlife control. The opportunity for success is already there.
Skedaddle Humane Wildlife Control is a recession proof business. Animals don’t realize the economy is tough. Homeowners in times of recession retreat to their homes and spend less on vacations and luxury items. They protect their main investment, their home. When animals threaten that investment they must take care of the problem.
“I have no experience in the field”
Some people worry that no having any relevant experience in the market their franchise is in and that will hurt their chances for success. They worry the learning curve will be too steep and overwhelming.
Surprisingly, businesses based on the owner’s interests, have the highest incidence of failure. Your road to success is buying into and learning the franchise system–which is already a positive working model–and then using your talents to make it grow. The positive aspect of franchises is that they have extensive training programs and built in support systems. The skills that are important are skills that are transferable from other jobs; strong customer service skills, a strong work ethic, creativity, passion, etc.
We make it easy for anyone. Whether you are currently a part of the wildlife industry, or you are in a completely unrelated field, we make it easy for entrepreneurs with the right attitude to become Skedaddle Humane Wildlife Control franchisees. It all comes down to your approach to ownership and your drive!
If you want to learn more about joining Skedaddle Humane Wildlife Control, we invite you to start the process by calling 877-662-2877 or visiting www.skedaddlefranchise.com