Management franchise opportunities are many and various, crossing a range of sectors and industries, and coming in all kinds of shapes and forms. If you enjoy leading a team of people and handling macro-level tasks, a career as a management-style franchisee might suit you perfectly.
Here are the four biggest advantages to running a management franchise right now - an opportunity that’s great for confident, personable franchisees who are looking to enjoy a role in which they can be their own boss, work flexibly, and leave themselves plenty of room for development and growth.
Why should I start a management franchise in 2021?
The franchising world has been booming for the past few years, and it’s showing no signs of slowing down in 2021. In 2018, the sector generated a turnover of £17.2 billion and employed 710,000 people [British Franchise Association], and these figures have only been on the increase since. This in mind, there’s no better time to invest in a franchising opportunity with a B2B franchise in which you’ll be able to take on a managerial role.
B2B companies are also thriving as a sector right now, accounting for 44% of the UK’s business turnover, or £1.7 trillion [Business Intelligence Group]. If you’re still on the fence about running a management franchise, here are four key reasons to take the leap and make that investment...
4 advantages of running a management franchise
1. You’ll have plenty of room to expand and grow in the future
As a management franchisee, you’ll be able to find a specialism that you feel truly passionate about and interested in, and as you’ll be handling things on a larger scale, you’ll have plenty of room for development and growth within this specialism, particularly as the years go on, your experience level rises, and your professional desires change. Examples of areas that you might franchise and build a strong career in include:
- Property repair and insurance claim management with a franchise like Aspray
- Sales/creation/installation management for signage with a franchise like FASTSIGNS
- Lawn care services management with a franchise like Greensleeves
- Loft access and storage solution sales management with a franchise like Access4Lofts
You are the one managing your team, building relationships with your clients and coordinating the delivery of an excellent service in order to build a great reputation. However, growth isn’t dependent on only your time available in the business because you have a team behind you, so it’s a win-win situation.
— Dan van Kuyk, Betterclean
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2. Your working days will be exciting, varied and flexible
In a management role, you’ll come across lots of different people and complete all kinds of tasks on a daily basis. Your working environment will be equal parts exciting, varied and challenging, and you’ll be able to keep your employees happy, too, increasing retention rates and reducing the amount you’ll need to spend on recruitment down the line, as well as boosting productivity. Engaged employees can increase profits by 21%, after all [GoRemotely].
Here are a couple of examples of the kind of working day you might expect to enjoy when you’re running a management franchise. If, for example, you’re working for a claims management franchise, you might:
- Arrive at the office and review communications
- Have a team meeting
- Handle phone calls, speak to new clients and assess new claims
- Assess and work on ongoing projects
- Delegate tasks to (and manage) employees
If you’re working for a property management franchise, on the other hand, you will primarily:
- Check messages and prioritise responses
- Conduct property visits
- Conduct maintenance inspections
- Prepare inventories
- Delegate tasks to (and manage) employees
3. You’ll be able to flex your leadership muscles and look after a team of people
Not everyone has the skills or desire to be a team leader, but if you love to lead, you’ll get plenty of chances to do so when you start a management franchise. Plus, the better you lead your team, the more your franchise operation will benefit, as employee loyalty and retention rates will increase. If you have the following transferable soft skills, you might have what it takes to be a truly great manager of a team of people:
- Ability to connect and empathise
- Willingness to stand up for what’s right
- Ability to listen and respond to feedback
- Ability to acknowledge and appreciate employee achievements
- Communication proficiency
- Caring attitude and nature
- Desire to help others win
- Willingness to be honest
- Ability to make decisions
- Ability to lead, delegate and coach
The skills needed for effective management are uniquely different from those needed in any other job. Excellent managers do stand out, though. Employees can easily spot good managers and separate them from bad ones by noticing the key elements that highlight them as experts.
>> Read more:
- 5 Advantages of Franchising for Young People
- 9 Things to Know Before Becoming a Franchisee
- Mythbusters: Common Misconceptions About What Makes a Successful Franchisee
- 5 Great Reasons to Become a Franchisee
- Franchising 101: Are You Ready to Become a Franchisee?
- Franchising 101: 6 Things to Know Before Becoming a Franchisee
4. You’ll have access to all the training and support that you need to thrive
One of the biggest advantages to entering the world of franchising, whether you’re starting a van-based dessert franchise or a management franchise, is the amount of franchisor support available to you, in the form of both training and guidance. You can find out exactly what your chosen franchise opportunity will offer you by researching online, asking the franchisor, asking existing franchisees and even consulting the franchise agreement.
As an example of what you might expect from a management franchise, Bartercard will offer all its franchisees the following in return for their initial investments:
- Comprehensive, ongoing support
- A week of intensive initial training
- A post-training care programme
- Ongoing training opportunities
- Access to the Barterversity platform
Running your own business in the management industry could transform your professional life
If reading this article has left you confidence that investing in a management franchise is the right move for you, then you’re well on your way to a solid franchise investment. If you’d like to continue your research, stay on Point Franchise and discover how to make a career change with a property management franchise, or how to start your own management franchise.
Lily Sweeney, Point Franchise ©