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After over a decade of advising people on getting started in this field; franchise Industry, Colleagues, and Me Fran coach I saw and heard almost everything. One of the most common questions he receives from customers is, “What is the best franchise?” Or you might be asked, “What industry is the hottest?”
Without a doubt, these are the simplest questions we have to answer.
The myth of the “best” franchise
so what teeth Best franchise?
The answer is incredibly simple. “There is no such thing.”not exist One best franchise.There isn’t one best or hottest industry. It’s really that simple.
If someone tells you otherwise, they’re either lying to you or don’t understand what they’re saying.
You may be wondering how that is possible. There has to be a “best” franchise and a “most popular” industry.
Well, that’s not true. Let me explain why. The reasoning here involves several different pieces of information, but first and foremost is that franchising is an incredibly individualized and personalized process.
What is best for you may not be what is best for the next person or that person. An analogy I often use is:
My wife’s friends and family may ask, “Why on earth did you marry that bald guy?” That’s probably a valid point, but for some reason, I was her person and the one that suited her. The same concept applies to franchising. Sometimes bald old guys are really the best for people. And for the next person, the optimal fit will be completely different.
In other words, beauty is in the eye of the beholder.
Related: How to franchise your business in 7 steps
How to find the right franchise match
When it comes to the franchise industry, there are some important points to understand.
Combined with all the franchises, the industry is worth more than $800 billion. a billionThere are more than 800,000 franchise units in the country, employing more than 9 million people. This is a huge industry.
Among them are various industries and niches. For example, at FranCoach, we partner with over 600 franchises and approximately 70 industries.
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All of these niche industries will throw shiny buzzwords and statistics at you. This industry is booming, this industry is recession-proof, and that industry is essential. That one is up-and-coming, the other one is trendy…you get the idea.
But in the end, none of that matters. What matters is you. What is best for you?
getting out of bed test
we often talk about getting out of bed test. What does that mean? That means you become a franchise owner. You have to get out of bed and run this business every day.
The Get Out of Bed Test will give you a series of questions to ask yourself.
- What are you good at?
- What do you enjoy doing?
- Who do you want around you? Think about your staff, if you have them, and the customers in your community.
- What are the core values of your business?
- What do you want to do every day?
Your answers to those questions matter. At the end of the day, Franchisors are not looking for industry experts. They are looking for people to run their business. So instead of focusing on a particular industry or a particular brand and trying to figure out what’s “most popular” or “best,” you want to think about what’s best for you. Sho.
Related: All the costs to consider before buying a franchise
When you think about the answers to the questions above, a world of possibilities begins to open up. It can be a little overwhelming to consider all the franchise options out there. Remember, this is an $800 billion industry. Even taking into account brands based overseas, he has over 4,000 franchised brands in the United States alone.
In other words, there’s a lot to sift through. So what do you do? How do you find the right fit?
find the right fit
That’s where the FranCoach team comes in. What our team does is not look for the best or most popular franchises, but instead get to know you. Everything revolves around you. What are you good at? What do you want to do?
Once you understand your customers’ answers to these questions, you can start building from the ground up what they want, what they’re good at, and what they do. do not have I’d like to try it. What are the core elements of the right business for you?
We know the difference between all 4,000 franchises we’ve seen behind the curtain. Because we understand the characteristics of each, we can figure out what’s best for you. What matters most to you is ultimately your match.
Successful franchise ownership is very easy. It boils down to his two steps:
- Follow the plan.
- Please make the necessary effort.
Pretty simple, right? So what’s the trick? The trick is to find the franchise that is absolutely perfect for you.
Think of it like this: You’re bad at sales, you hate people, and you don’t want to talk to anyone. And then someone told me how good it was and how hot it was, so I ended up starting a franchise. But I realized that to be successful, I had to sell and become the face of my business.
Related: Yes, you can buy a franchise even in a recession
Well, what do you think? It’s not going well. It’s a terrible match. That doesn’t mean it’s a bad franchise. This doesn’t mean you shouldn’t own a franchise. In other words, they are not compatible.
There is no such thing as “the best”. There is no such thing as “hottest” for everyone. It’s all about you and finding the franchise that best suits your skills, needs, and goals.
Work with the FranCoach team today
If you’re ready to learn more about franchise ownership, you’ve come to the right place. At FranCoach, we work with our clients to help them find the franchise that’s right for them.
Related: Is Owning a Franchise the Best Choice?
Our biggest goal is to properly educate you about franchise ownership. We want to help you decide if franchise ownership is the right path for you. If so, we can guide and support you through the process of finding your perfect match.
And the best part? Our service is 100%, 100% free – seriously. reach out your hand Contact us today to learn more about becoming a franchise owner. Now that you have read this far, why not take the first step toward a better tomorrow today?