How a Franchise Agreement and a Franchise Disclosure Document differ
There are two documents that are of vital importance...
The thought of returning to a career or entering the job market first the time is a daunting prospect for women after the kids are all grown up. Although they may have more free time that can be channeled into supplementing the household income, they may have lost their passion for work or feel out of touch with their previous careers. Working in a corporate environment or salaried employment might also not be appealing. This is why franchising offers a fantastic opportunity for women to channel their time and energy into a project that is not only financially rewarding, but also provides them with the flexibility to be their own boss and operate around their own timetable.
Although it might seem intimidating at first, franchising is actually the perfect match for woman who spent their time raising their children and taking care of the home environment. The dedication and skills that they have honed through the homemaker role are all things that come in very useful when operating a franchise, as women are already independent, able to balance their time efficiently and already involved in their community. These are skills crucial to franchising success.
Business opportunities for women offered through franchising come with assistance for the setup and establishment of the business, as well as all required training, so there is no prior experience needed. Lack of confidence can be an issue for any woman who is interested in a career after the kids are out of the house, and the training, support and assistance that goes hand-in-hand with franchising is a major advantage.
Women also have the ability to empathize and put the customer first, and they are able to offer superior customer service, which is a must for a franchise. In conjunction with the already established brand and business model, women can put their self-motivating and the ability to motivate others skills to good use when opting for a franchise. Another aspect of franchising that women appreciate is that, depending on the type of franchise, there is usually flexibility involved when it comes to scheduling.
While some might see the franchise business model as too restrictive, the fact that it is based on proven methods makes it ideal for someone who interested in running the business and not changing it. Obviously, any type of business involves a certain amount of risk, but by opting for a franchise, it is possible to minimize this risk.
As there are so many franchising opportunities available, it is possible for women to select something that aligns with their own passion or interests. For example, when it comes to educational opportunities such as the Monkeynastix, which was established in 2009 and already has numerous locations. Like many other franchises, they help with not only the site selection and negotiation of the lease, but also provide guidance for the design of the store. They handle everything from staff training to customized marketing plans. With comprehensive franchising options such as these available, it is easier than ever for women to turn their hard work and dedication toward spreading their wings and going into business for themselves.
As with any type of business, a franchise is not something to leap into without the proper research, but once again, women have the advantage of being more critical about how and where to spend money and what risks to take. Because so many small businesses fail within their first year, the training, support and help that goes hand-in-hand with franchising lowers this risk. Since franchises are a more supportive environment as well, they provide woman with the confidence boost that they might feel is lacking after taking a career break in favor of their children.
Learn more about franchise business opportunities in Canada at Be The Boss.
