During a time for resolutions, reconsidering your work life may leave you pondering about what more you can do for yourself in order to achieve your goals.
During a time for resolutions, reconsidering your work life may leave you pondering about what more you can do for yourself in order to achieve your goals. If you are passionate about running your own business, starting a franchise may be your ideal plan for 2022.
Being your own boss is a liberating experience, particularly if, just like more than 48,6001 people in the UK, your chosen route to business is franchising. If you’re thinking of a career change, the world of franchising may be exactly what you need to get your new year off to a fresh start.
Here are my top reasons why the New Year is a great time to become your own boss:
Transition your knowledge
By investing in a franchise and becoming a franchisee, you are able to take control when it comes to directing your career path. Although it can feel like a big leap, the real advantage of the franchise system is that you are investing in a tried and tested model. Starting a franchise is a learning curve, but one in which you can transition your current knowledge and career expertise into a business you can call your own.
Launching a new business is daunting. There’s a lot to do and if your launch coincides with a particularly busy period, things can easily get out of hand. A savvy professional will recognise these rare nuggets of time as an opportunity to really prepare for when you hit the ground running in the new year. Recap on your training, your processes and ensure your systems and technologies are running smoothly. Work the leads that you do have thoroughly and build your confidence so you can go full throttle in January.
Time to create a robust business plan
All business owners know they should have a plan for the next six to 12 months, covering everything from marketing and sales activities to financial and staffing requirements. If you’ve bought a franchise, then creating a robust business plan will have been part of the process. Often, day-to-day operations take over and the management of this critical business tool get pushed to the bottom of the pile. Use any quiet time wisely and ensure your KPIs and goals for the year ahead are down on paper for you to work towards. You will thank yourself later!
Be in control of your own schedule
As we all know, flexibility is extremely important. Being your own boss affords you the opportunity to balance the needs of the business with precious time spent with family and loved ones. That’s not to say you won’t be incredibly busy – you will! But you can choose to put the hours in when it suits whether that’s after the kids have gone to bed or at the weekend.
When it comes to launching a new franchise, there is no ‘wrong time’ of year to get started and the new year can be the perfect time. Franchising is a path that gives you the option to control and improve your career, personal finances and live the life of your dream. Take this opportunity to lay the foundations of your business and begin to establish your name, brand and service in your local community. When you become your own boss, you have the chance to really benefit for the fruits of your own labour and relish in your successes.
1. 2018 bfa NatWest Franchise Survey