6 Signs You’re Ready to Invest in a Franchise

When you’re considering becoming part of our franchise network, several reasons could spur your decision, like the opportunity to be your own boss, having the support of an established brand, and/or gaining a sense of financial freedom you didn’t realize was missing until now. The list can go on.

It’s vital that you do thorough research and take a good look at your life to decide whether franchising is the right move for you at this point. However, if you’ve already done these six things below, you’re likely ready for franchise ownership with The Cleaning Authority, and we can’t wait to welcome you into the fold.

1. Your Loved Ones Agree this is the Right Move

Business ownership is rarely a solo venture. Most business owners garner the support and advice of experts in the field and loved ones to help navigate this new territory. Franchising isn’t normally a family affair unless you’re going into business with a relative. Nevertheless, your family will be directly affected financially and should be a part of the decision-making process. It’s always a good idea to have your family on board so they can help you weigh the pros and cons and celebrate victories with you.

2. You’ve Done the Research

Have you spent the time researching the specific industry you want to open a franchise? Because you’re an experienced entrepreneur or have the spirit of one, you’ve already done some initial digging to find the answer you want concerning investment, revenue, training, marketing, and the like. Franchising with The Cleaning Authority means you get transparent information readily available, so you don’t have to search on third-party websites for the answers you need. Not only do we have marketing, investing, and client targeting information, but you get first-hand accounts from real and successful franchisees. We believe it’s important to work directly with an expert to offer their experiences.

3. You Understand the Risks and Rewards

With owning a business comes some risk, but if you’ve weighed that against the rewards, you may find it’s worth it. Franchise ownership isn’t a sure-fire way to success, regardless of what some franchisors may say. Hard work, consistency, and trust are some of the traits that will help you navigate the ebb and flow of franchising. In the Journal of Economics & Management Strategy, researchers found that franchises have a higher survival rate than independent businesses of 6.3% in the first year.

With The Cleaning Authority’s proven business plan, franchise operators have continued to see steady success. In addition, we have recurring revenue and outsourced marketing execution systems to make business growth an easier process for seasoned and new entrepreneurs.

4. Your Finances are in Good Shape

A financial commitment is one of the first things prospective franchisees ask about. Other questions like, “How much is the initial investment?” and “What kind of profit can I expect to make?” are valid and should be answered by the franchisor. However, do you have the capital for the initial investment? Business ownership seems simple, in retrospect. But the reality is, that a franchisor will assess your financial history before you sign your franchise agreement to ensure you have the funds needed to invest in your future.

Some of the things you can do to prepare yourself for franchising include:

Obtain credit reports from the three major credit bureaus
Avoid opening any new credit accounts
Eliminate as much debt as possible

The Cleaning Authority offers low investment costs, working capital, and limited capital expenditures to help you turn a profit and continue to grow your business.

5. You’ve Consulted with Our Current Franchisees

Your loved ones will give you insight into how a new business venture could affect your family unit and their financial well-being. But, our franchisees will provide you with a day-in-the-life breakdown of what it’s like to be a franchise owner with The Cleaning Authority. What’s great about this process is that it’s available before you even sign your franchise agreement or provide your initial investment. We will never stronghold you or use our expertise as leverage. We want you to have all the knowledge and data to make the best decision, and that includes getting detailed information and one-on-one interaction with current franchise operators.

6. Your Goals Match Our Goals

Franchising with us is a secure channel for tenured and newly minted entrepreneurs to jumpstart their dream of owning a business. You’re not being asked to reinvent the wheel, only to use a tried-and-true business model to aid you in your future successes. Our success is dependent upon your success, and our goals are to: