The Higher Chances of Success -Franchising
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Paul Salmon - AutoValetDirect franchisee - Birmingham
Why I chose franchising
Franchising really appealed to me as I wanted to be my own boss, but with the guidance, backup and ‘know how’ of a successful company behind me.
I also knew the chances of success in a new franchise business would be much higher.
What I did before taking up a franchise
Before I launched my own franchise business, I worked as retail store manager.
How I raised the finance
I was able to get a loan for most of it from Lloyds TSB
The training and support I receive from my franchisor
The training itself has been thorough. You also receive constant feedback so as to know how you are progressing. You are never made to feel that you are on your own, because the franchiser is always available for advice, and you also have the comfort of knowing you have the back up of more experienced franchisees to call on for help and advice.
The challenges I have faced
The main challenge was to feel totally out of my comfort zone as I was going in for something that I had no real experience in, but it still excited me to find out.
Knowing that there isn’t the safety net of having a set wage at the end of each month is also a challenge, but knowing that through hard work and smart thinking, with an objective to aim for, I can achieve much more financially
My advice to someone thinking of buying their first franchise
My advice to someone considering
franchising is that research is very important; there are a lot of
unethical franchises out there.
Also, check if there is a demand out there for the service or product being offered.
My plans for the future.
My plan is to be a successful franchisee with Autovalet Direct, building a large customer base, by offering exceptional service that customers will want to keep coming back to.
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