An insight into franchising from a Franchisee's perspective

Written on the 15th of March 2011 by Will Fulton

Buying a franchise is a great step if you are a first time business owner - especially if you’re coming out of a successful job in a similar field to that of your target franchise. That was my motivation for getting in. I also figured it would take way too long to set up endless business systems so why reinvent the wheel? I did very little due diligence prior to getting into ActionCOACH and have some perspective on this approach with the benefit of 5 year’s hindsight!

Here’s what you may want to be thinking about…

A key task as you look at what’s available is to consider how motivated you are towards DOING the work with your target customer base versus FINDING the work from your target prospect base. This distinction between operations and sales is important as you will want to evaluate what systems you will be relying on the most from your franchisor.

It’s sometimes said “your business is about what you are LEAST good at”.  So, if you are fairly outgoing and confident with FINDING work, then have a look at how strong the franchise’s systems are for delivering a high quality product or service to their customers (and any points of difference between them and their opposition). This will be important to you as you find new customers with your sales skills. Sometimes getting customers may be a relatively straightforward process, but customer retention and delivery may be compromised without solid back-up systems.

On the other hand, you may be very confident with the delivery side of your service or product but be less confident about drumming up SALES with your new customer base. If this sounds more like you, then the marketing and sales systems of your target franchise should probably be looked at in more detail. How well and to what extent your franchisor generates leads or clients for you will let you know how reliant you’ll need to be on either them or you.

Talking to other franchisees in the network is another great indicator of life in the system. This is one step I did do before getting into ActionCOACH.  I was already quite keen to join ActionCOACH but talking with others really cemented the decision. Think up some good questions before you phone around.

Overall, I have found that self-reliance is the hallmark of all the best franchisees. Too much reliance on the franchisor breeds a “feed me” mentality; too much dependence on the operator rather than the franchise system can sometimes breed resentment. Do your homework and give yourself enough (some!) working capital to get started.

Best wishes with your decision and back yourself to be the best!

This article was contributed by Will Fulton from ActionCOACH.

Will Fulton has seen the franchise system from many angles. He has been a franchisee with ActionCOACH for 5 years winning many awards including 2007 Australasian Coach of the Year. He’s also a Director of Advanced Cabinet Solutions who licence joiners to manufacture using a unique system for waterproof cabinet construction. He has trained franchisees in all stages of franchise ownership from induction training through to experienced operators. This has taken him to the USA, UK, Ireland, Australia as well as NZ with his training systems. In addition to his franchising activities, he operates an internet company and is a keen property investor.

An insight into franchising from a Franchisee's perspective

Written on the 15th of March 2011 by Will Fulton

Buying a franchise is a great step if you are a first time business owner - especially if you’re coming out of a successful job in a similar field to that of your target franchise. That was my motivation for getting in. I also figured it would take way too long to set up endless business systems so why reinvent the wheel? I did very little due diligence prior to getting into ActionCOACH and have some perspective on this approach with the benefit of 5 year’s hindsight!

Here’s what you may want to be thinking about…

A key task as you look at what’s available is to consider how motivated you are towards DOING the work with your target customer base versus FINDING the work from your target prospect base. This distinction between operations and sales is important as you will want to evaluate what systems you will be relying on the most from your franchisor.

It’s sometimes said “your business is about what you are LEAST good at”.  So, if you are fairly outgoing and confident with FINDING work, then have a look at how strong the franchise’s systems are for delivering a high quality product or service to their customers (and any points of difference between them and their opposition). This will be important to you as you find new customers with your sales skills. Sometimes getting customers may be a relatively straightforward process, but customer retention and delivery may be compromised without solid back-up systems.

On the other hand, you may be very confident with the delivery side of your service or product but be less confident about drumming up SALES with your new customer base. If this sounds more like you, then the marketing and sales systems of your target franchise should probably be looked at in more detail. How well and to what extent your franchisor generates leads or clients for you will let you know how reliant you’ll need to be on either them or you.

Talking to other franchisees in the network is another great indicator of life in the system. This is one step I did do before getting into ActionCOACH.  I was already quite keen to join ActionCOACH but talking with others really cemented the decision. Think up some good questions before you phone around.

Overall, I have found that self-reliance is the hallmark of all the best franchisees. Too much reliance on the franchisor breeds a “feed me” mentality; too much dependence on the operator rather than the franchise system can sometimes breed resentment. Do your homework and give yourself enough (some!) working capital to get started.

Best wishes with your decision and back yourself to be the best!

This article was contributed by Will Fulton from ActionCOACH.

Will Fulton has seen the franchise system from many angles. He has been a franchisee with ActionCOACH for 5 years winning many awards including 2007 Australasian Coach of the Year. He’s also a Director of Advanced Cabinet Solutions who licence joiners to manufacture using a unique system for waterproof cabinet construction. He has trained franchisees in all stages of franchise ownership from induction training through to experienced operators. This has taken him to the USA, UK, Ireland, Australia as well as NZ with his training systems. In addition to his franchising activities, he operates an internet company and is a keen property investor.

Australian sheds company launches NZ franchise

Written on the 28 October 2010

Industry-respected Australian steel building supplier, Wide Span Sheds, has just announced the release of franchise opportunities in New Zealand.

Supplying a comprehensive range of garages, farm sheds, barns, arenas and stables, plus industrial and commercial buildings, the franchises will be linked in to Wide Span Sheds powerful Shed Management System (SMS) for all quoting, tracking and delivery data.

According to Wide Span Sheds Sales Marketing Manager, James Folwell, the franchise opportunity requires the franchisee to hold a Builder’s Licence. In return Wide Span Sheds offers business, technical and marketing support with regular one-on-one business support, advertising and promotional campaigns plus in-store visual identity and merchandising.

The franchise opportunity also delivers dedicated marketing zones and is supported by Steel and Tube’s manufacturing centre and delivery-points.

Founded in Australia in 2002 and launched in New Zealand in 2006, Wide Span Sheds has enjoyed a measured yet swift rise to success in the steel building industry. As one of the most industry-respected suppliers, Wide Span Sheds’ range comprises Class 10 sheds, garages, workshops, barns, arenas and stables, as well as a select range of commercial and industrial premises in assorted classes.

With product lines spanning multiple consumer and commercial channels, Wide Span Sheds’ success lies in their ability to create market-responsive standard designs, while adhering to efficient standard pricing schedule.

Visit them here: http://www.sheds.co.nz/franchises-information.html