Running a management franchise can be one of the most exciting, rewarding and profitable industries that any ambitious franchisee could work in. If you’re interested in working as a management franchisee, but want to know what an average day in this industry would look like, you’re in the right place.
Running a management franchisee business can be a hugely rewarding and profitable endeavour. But from the name alone, it can be difficult to pinpoint exactly what a franchisee in this industry will be doing on a daily basis.
So, if you want to get a closer look at the life of a management franchisee, here’s a insight into what your life could look like:
A day in the life of a management franchisee
On an average day, you could find yourself doing any one of the following things.
- Co-ordinating: Although this a profitable position for the right franchisee, the world of management remains very competitive. As you will be in charge of overseeing your team on the ground, you’ll need to check in with them frequently to ensure everything is going smoothly.
- Meeting clients: If you’re running a professional services-focused business, you’ll often need to meet your clients, either face-to-face or over video conferencing, so that you can fully understand the complex needs of your clients.
- Gathering information: A crucial part of your role as a management franchisee, particularly if you’re operating within a consulting business, will be gathering information and data about the clients that you’re working with. Even if you’re operating as a management within a B2C sector, such as food and drink, you’ll still need to understand what your customers like and dislike based on feedback and your most popular offerings.
- Presenting: If you’re operating as a consultant, you’ll be tasked with analysing certain issues within your clients’ businesses. Once you’ve completed your work, you’ll need to present your solution to your client, which will often take the form of a professionally constructed presentation.
It’s been my experience that the mindset of a management consultant makes all the difference. Whether it’s from my own management consulting experiences or the success... it is abundantly clear that the mindset you have for this kind of work is critical.
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Advantages of joining a management franchise
There are many advantages to joining a management franchise. You’ll be given additional support, specialist training, and get to focus on the strategic side of your business. You’ll also:
- Have a varied and diverse workday: While management franchises occupy a similar position regardless of their sector, the problems and issues that you’ll come up against on a daily basis will vary hugely. One day, you could be planning your business’s expansion into a new area of your territory and the next you could be appraising staff performance.
- Be responsible: As you’ll be the face of your chosen franchise, you will be both responsible for leadership, decision-making and recruitment, but also accountable for the actions undertaken by the firm. While this may sound like a lot of pressure, many franchisees thrive under pressure. Being responsible is also a surefire way to get the most out of your time in business.
- Have specialist support: As a management franchisee, you’ll be entitled to much of the specialist, market-leading training that your franchisor will have developed over many years. The success of your business will ultimately rest on your shoulders, so you’ll need to have a full range of potential solutions at your fingertips.
Challenges of joining a management franchise
- Stress: As you will be working in a high-pressure environment, it’s more than likely that at some stages of your franchising career, you’ll be facing a number of difficult decisions that only you as the manager can make. This is an entirely normal and short-term part of any career, which itself isn’t something to be worried about, but rather more something to be aware of.
- Balancing delegation: Management franchisees take a more hands-off approach, often recruiting a manager to oversee their client-facing teams or the day-to-day running of the business. This allows them to focus on high-level work, such as winning new clients, marketing and advertising the business and drawing up a winning strategy.
However, it can be tricky to get the balance right. The best management franchisees are involved in their businesses and have a good understanding of what happens day to day, but are able to step back and let their skilled staff handle menial duties. Letting yourself become too far remove from what’s happening in your business or failing to delegate anything are both mistakes you’ll want to avoid.
Become a franchisee in the management industry
If all of this sounds appealing, you could be well on the way to becoming a management franchisee. If you’d like to see available franchising options, here are a couple of management franchises that you could consider.
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Aspray was founded in 2005 with the explicit ambition of becoming one of the UK’s leading property repairs and insurance claims managers.
Providing a solution-driven service, this award winning franchise has a long track record of delivering perfect customer service and fast, timely solutions. And, as a franchisee, you’ll be a part of one of the most rewarding franchises you can be involved with. Aspray has been awarded several awards for franchisee satisfaction, and a recent franchisee survey found that 100% of franchisees are happy with the training and support provided.
To be a part of this recession-proof franchise, you’ll need to make a minimum investment of £15,000. You’ll then be welcomed into the business with a ten day induction programme, one-to-one training and coaching, along with a whole host of other perks.
2. Trulawn Artificial Grass
Trulawn is a management franchise that sells and installs thousands of square metres of artificial grass to commercial, educational and domestic sectors.
The business began franchising in 2020 and since then, sales have jumped 212%. To get started as a Trulawn franchisee, you won’t need previous sales or fittings experience, but the company is on the lookout for potential franchisees who are hungry to succeed, organised, capable of recruiting effectively, able to take onboard feedback and who have adequate business funding – either individually or through a bank.
You’ll need to make a minimum investment of £16,995 + VAT in order to open your doors. You’ll also receive training in all aspects of owning, operating and marketing a Trulawn franchise.
Become a management franchisee
There are plenty of opportunities for exciting growth as a management franchisee, so if you’re looking to get your management business up and running, there has never been a better time.
If you’d like to see what other franchising options are available, you can see a full list of the UK franchise directory.
Elliott Fudge, Point Franchise ©