5 Reasons Why Franchising Should Be Part of Your Game Plan
What will I do when my playing days are over?
This is a question many professional and Olympic athletes are asking themselves earlier and earlier in their careers now. With athletes spending fewer than five professional years at the top level of their sport these days, that leaves 30-plus years of the rest of their lives to develop a passion for something else.
However, not all athletes are actively planning for their career after sports or suited to transition into a career where they want to work for someone else. When you keep plugging along at what you are doing without looking around you (likely trying to be the best at your sport now), it is easy to miss the opportunities out there. But, if you want to be your own boss, now is a great time to get off the bench and explore franchising.
Why is franchising something athletes should look toward for their career after sports? Let’s take a look at five ways franchising hits nothing but net when it comes to the next career for athletes.
No. 1: Proven Model
Why reinvent the wheel? When you open a franchise, you’re starting with a turn-key model that has established systems already in place.
No. 2: Built-in Support System
Don’t go at it alone. With franchising, you have the benefit of ongoing training and support that maximizes your likelihood of success and helps you address issues or challenges that may arise. They have a playbook for success.
No. 3: Brand Name Recognition
A familiar brand name is yours from the get-go. And you’ll have access to an established marketing strategy for acquiring new customers.
No. 4: Financing Options
Because a franchise comes with a proven track record, lenders are usually comfortable financing its purchase. Some franchise systems provide in-house financing and/or leasing options. And many offer special discounts for veterans and/or minorities.
No. 5: Easy Exit Strategy
It’s always a good idea to begin with the end in mind. As a franchise owner, you’ll build equity in an established brand with a protected territory to sell when you’re ready to move on to your next adventure.
Take Your First Step!
Want to learn more about Franchising from an industry-proven company? Click here to get more information from Alex Roberts and let him put his expertise to work for you. He is known for pairing high-quality candidates with “perfect fit” franchise opportunities, and is a trusted member of our Career Services community here at the VIKTRE Career Network.