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What do you do if you want to franchise your career after a layoff?

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Experiencing a layoff can be a pivotal moment to reassess your career path and consider the potential of franchising. Franchising involves acquiring the rights to operate a business under an established brand's name and system. It's a way to leverage a proven business model, which can be particularly appealing if you're looking to have more control over your career. However, transitioning from employment to owning a franchise requires careful planning and a strategic approach. You'll need to understand the franchising landscape, evaluate your skills and interests, secure financing, choose the right franchise, and prepare for ownership.

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Ed Samane

CEO at NextFran | 76 FENCE | Scout and Molly’s

1 Assess Fit

Before diving into franchising, it's crucial to evaluate if it aligns with your skills, interests, and goals. Franchising demands a blend of entrepreneurial spirit and a willingness to adhere to established systems. Consider your past experiences and how they might translate into running a franchise. Do you excel in management, customer service, or sales? These are all valuable skills in the franchising world. Also, reflect on the industry you're interested in; whether it's food services, retail, or another sector, it should be something you're passionate about.

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Wladimir Teles de Oliveira

Sócio Administrador na áureo Consultoria | MBA em Gest?o Exponencial
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Analise sua experiência: - Considere suas experiências passadas e como elas podem se traduzir na administra??o de uma franquia. - Você se destaca em gest?o, atendimento ao cliente ou vendas? Analise seus interesses: - Refletindo sobre o setor que lhe interessa: seja servi?os de alimenta??o, varejo ou outro, deve ser algo pelo qual você é apaixonado. - O franchising oferece uma estrutura comprovada, mas isso n?o significa que você n?o deva se importar com o produto ou servi?o que está vendendo. Avalie sua personalidade: - O franchising requer disciplina e a capacidade de seguir regras. - Você se sai bem trabalhando em um sistema estruturado, ou prefere ter mais liberdade para inovar?

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2 Research Options

Once you've determined that franchising might be a good fit, it's time to research your options. Look into various industries and companies that offer franchise opportunities. Understand the market demand, competition, and growth potential in your area. This step is about gathering information to make an informed decision. You'll want to compare different franchises, considering factors like startup costs, ongoing fees, support offered by the franchisor, and the brand's market presence.

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Ed Samane

CEO at NextFran | 76 FENCE | Scout and Molly’s
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After deciding franchising could be right for you, dive into researching. Explore different sectors and franchises available. Assess market needs, competition, and growth chances in your location. Collect data to choose wisely. Compare franchises on initial costs, fees, franchisor support, and brand strength.

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Wladimir Teles de Oliveira

Sócio Administrador na áureo Consultoria | MBA em Gest?o Exponencial
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Explore o Mercado - Explore diferentes setores: Analise indústrias variadas e empresas que oferecem oportunidades de franquia. - Avalie a demanda do mercado: Isso pode incluir pesquisas online, consultas a especialistas e relatórios de mercado. - Analise a concorrência: Saiba quem s?o seus concorrentes diretos e indiretos na regi?o onde pretende abrir a franquia. Avalie seus pontos fortes e fracos para definir estratégias de diferencia??o. - Considere o potencial de crescimento: Pesquise o histórico da franquia e o seu plano de expans?o. - Analise se o segmento possui tendência de crescimento e se há espa?o para a franquia se desenvolver na sua regi?o.

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3 Secure Financing

Franchising typically requires a significant financial investment. You'll need to secure financing to cover initial franchise fees, startup costs, and working capital until your franchise becomes profitable. Explore different funding sources such as loans, savings, or investments from partners. It's important to have a clear financial plan and to understand the full extent of the financial commitment you are about to make. Ensure that you are comfortable with the level of risk involved and have a realistic expectation of your return on investment.

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Wladimir Teles de Oliveira

Sócio Administrador na áureo Consultoria | MBA em Gest?o Exponencial
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Fontes de Financiamento: - Empréstimos bancários: Linhas de crédito específicas para investimento em franquias. - Investimentos pessoais: Utilize sua poupan?a ou investimentos para financiar parte da franquia. - Sócios investidores: Para compartilhar o investimento inicial e os lucros futuros do negócio. Planejamento financeiro: Contemple todos os custos envolvidos na franquia, incluindo investimento inicial, capital de giro, custos operacionais e proje??es de fluxo de caixa. Avalia??o do risco: - Franchising envolve riscos inerentes a qualquer negócio. Retorno do investimento: - Franquias geralmente levam de alguns meses a alguns anos para se tornarem lucrativas.

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4 Choose Wisely

Choosing the right franchise is critical. Take your time to evaluate each opportunity thoroughly. Attend franchise expos, meet with franchisors, and talk to existing franchisees to get a sense of what it's like to operate the business. Check the franchisor's track record and reputation. Look for a franchise that offers comprehensive training, support, and a strong brand identity. The right fit should feel like a partnership where your success is supported by the franchisor's resources and brand strength.

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Wladimir Teles de Oliveira

Sócio Administrador na áureo Consultoria | MBA em Gest?o Exponencial
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Fa?a pesquisas complementares: - Participe de feiras de franquias: Compare diferentes franqueadoras, converse com representantes e assista a palestras informativas. - Converse com franqueados existentes: Pe?a contatos de franqueados da rede para obter um panorama real do dia a dia do negócio e dos desafios e recompensas envolvidos. - Histórico da franqueadora: Tempo de atua??o da empresa no mercado, crescimento e reputa??o. Avalie o Suporte Oferecido: - Treinamento: Programa de treinamento inicial e contínuo para te capacitar a tocar a franquia com excelência. - Suporte operacional: Para áreas como marketing, contabilidade e tecnologia. - Suporte de campo: Para te auxiliar na inaugura??o e na gest?o do dia a dia do negócio.

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5 Plan Ownership

Planning for franchise ownership involves more than just signing a contract. You need to develop a business plan that outlines your strategy for launching and growing your franchise. This plan should include market analysis, marketing strategies, staffing plans, and financial projections. Additionally, consider the legal and regulatory requirements of owning a franchise. You may need to obtain certain licenses or permits, and you'll have to comply with the franchisor's rules and regulations.

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6 Embrace Transition

Embracing the transition from being laid off to becoming a franchise owner is the final step. It's a significant change that requires a shift in mindset from employee to entrepreneur. Prepare yourself for the challenges ahead by networking with other franchisees, seeking mentorship, and continuously learning about your industry. Remember, owning a franchise means you're in business for yourself, but not by yourself. Take advantage of the support systems in place to help you succeed in your new venture.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What do you do if you want to franchise your career after a layoff?

1

2

3

4

5

6

7

1 Assess Fit

2 Research Options

3 Secure Financing

4 Choose Wisely

5 Plan Ownership

6 Embrace Transition

7 Here’s what else to consider

Franchising

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What do you do if you want to franchise your career after a layoff?

1

2

3

4

5

6

7

1 Assess Fit

2 Research Options

3 Secure Financing

4 Choose Wisely

5 Plan Ownership

6 Embrace Transition

7 Here’s what else to consider

Franchising

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感谢您的反馈

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