MENU
Franchise - Find franchise Opportunities in the UK, Point Franchise
0
Empty
basket
  • Home
  • Account
  • Franchises by Region, County or City
    • Franchise opportunities by Region
    • Franchise opportunities by County
    • Franchise opportunities by Town / City
  • Franchises by Sectors
    • Business & B2B Services
    • Car & Automotive
    • Cleaning
    • Estate Agency & Property
    • Finance
    • Food
    • Franchise Services
    • Gym, Sport & Beauty
    • Home Based
    • Home Improvement & Construction
    • IT, High-Tech & Online
    • Master Franchise
    • Personal & Home Care Services
    • Pet
    • Restaurant, Coffee Shop & Pub
    • Retail & Stores
    • Travel & Leisure
    • Van Based
    • All sectors and industries
  • Franchises by Investment
    • Low-cost franchises
    • Franchises under £10K
    • Franchises under £20K
    • Franchises under £30K
    • Franchises under £40K
    • Franchises under £50K
    • Franchises under £100K
    • Franchises under £150K
    • Franchises under £200K
    • Franchises over £200K
  • Franchise Directory
  • Franchise Opportunities
    • Best Franchises
    • Most Profitable Franchises
    • New Franchises
  • Franchise News & Articles
    • Franchise News
    • Franchise Articles
    • Dictionary
    • Interviews
  • Franchise Experts
    • Latest articles from our experts
    • Our experts
  • Franchisor Area
    • Get your franchise listed for free
    • Advertise
  • Articles
  • Become a franchisee
  • Starting a franchise
  • How to Make a Career Change In Your 40s with Franchising

How to Make a Career Change In Your 40s with Franchising

Share:
Published on 20/06/2021 16:00:00

Whatever your age, making a career change can be a viable, profitable option for you. Especially when that career change takes you into the thriving franchising industry. For people in their 40s, franchising is a reliable and low-risk way to pursue new passions and opportunities.


If you’ve always been interested in running your own business, but you’ve never taken that leap, franchising in your 40s might be a great next step. As a franchisee, you’ll be a business owner, but you won’t be out there on your own. In return for your investment, you’ll gain access to franchisor support, a proven business model, and existing brand recognition. Profitability will be more likely, and more quickquicker to arrive. 

In this article, you’ll discover how to make a career change in your 40s, and you’ll find out exactly why franchising at this time in your life is such a good idea.

Franchising as a career change

The average working person in the UK reaches their highest average hourly earnings amount at the age of 41 for women, and 44 for men [Office for National Statistics]. If, by this time, you’re not making the kind of money you’d like to be, it might be time to consider a career change. To embark on a new professional nother journey. One journey that you might choose? Franchising. Life as a franchisee comes with many benefits, including:

  • Access to training and expert support - This will enable a transition from one field or sector into a completely different one, at any age.

  • Flexible working hours - This might particularly suit busy parents.

  • Support with marketing and advertising - This, again, negates the need for prior marketing experience in most cases.

  • Opportunities for expansion and growth - Your franchise business develops as you do, and there’s always another challenge ahead.

If you're contemplating how to make a career change in your 40s, you should:

1. Identify your skill set 

What experience do you have that will be valuable regardless of your role? What transferable soft skills do you possess?


>> Read more:

  • Ready for a Career Change? Check Out These Five Top Franchise Opportunities in the UK
  • Career Change: Start a Fresh Career with a Franchise
  • Fed Up With the 9-to-5 Perhaps Starting a Franchise Business Is Your Best Next Career Move

2. Ask yourself the right questions 

What type of career will you find fulfilling at this point in your life? What would you ideally like to be earning? What would you like to be doing each day? 

3. Do plenty of research 

What can you find out about each opportunity? Which sources can you turn to once you’ve found everything you can online? Can you reach out, for example, to current franchisees within a franchise that you’re interested in?

[By your 40s] you have typically made plenty of mistakes to learn from, built great networks but still have passion. You know what you’re good at and what you’re not.
—Duncan Cheatle, Rise To 

Five advantages of franchising in your 40s

When you’re franchising in your 40s, you’ll be in a better position than most, as you’ll be benefitting from the following five advantages...

1. You’ve probably accumulated more capital to make an investment with

Obviously, this is dependent on the individual, but generally speaking, people in their 40s are more financially stable than people in their 20s or 30s. Franchise investments can cost a lot upfront, especially when made with more recognisable brands. 

While many brilliant low-cost investment options are available, the average cost of establishing a franchise in the UK is £42,200 [British Franchise Association]. As a person in their 40s, you’re more likely to have the capital you need to make a solid investment in a reputable, established franchise.

2. You’re fully aware of your professional strengths, weaknesses and interests

In your 40s, you will likely have gained enough experience and confidence to assess your own skill set accurately. When you know your own strengths and limitations, you’ll also know which kinds of franchise opportunities will best suit you. 

You’ll also know how to accept support and franchisor advice, rather than barrelling ahead or assuming that you always know best. You’ll do your due diligence, invest in the right place, and be more successful as a result.


>> 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

3. You’ve nailed the balance between your professional life and you personal life

Many parents in their 40s have school-age children, and have worked for years to perfect the balance between work and home. If you’re a parent in your 40s, you know what it takes to create a good work/life balance. 

If you have that knowledge in your head, you’ll be able to carry it forward when you become a franchisee, in control of your own hours. Managing competing priorities and demands is a key responsibility and undertaking of any successful franchisee. 

4. You’re comfortable with having a lot of responsibilities

Having taken on many responsibilities in life already, you’ll probably be more comfortable than a younger person with all the choices and decisive burdens that come with franchising. When you invest, you’ll sign a franchise agreement that legally binds you to certain terms, and if you breach them, you might cause yourself some financial and legal suffering.

You’ll need to keep track of your business’s finances, adhere to franchisor regulations, and keep your unit ticking over. You might also be in charge of hiring staff and handling payroll, depending on the franchise investment you’ve made. As a 40-something, you’ll be prepared for this level of commitment. 

5. You know what makes a good employee, and you know the value of a good employee too

Spending time in the workforce and encountering colleagues and employees, both good and bad, will have equipped you well for a career change into the franchising industry. You’ll know which traits you value most in members of your team, and which traits you’re likely to find abrasive. 

Hiring a trusted team of employees (to whom you can confidently delegate) could make a world of positive difference to your franchise operation, and as a person with around two decades of working experience, you’ll know what you’re looking for.

Figuring out how to make a career change in your 40s isn’t easy

Running a franchise in your 40s means using all your existing knowledge and experience to your advantage while simultaneously learning many new and exciting things. As a franchisee, you’ll never be bored, and you’ll be highly likely to succeed. Find the right franchise opportunity for you by browsing Point Franchise’s UK franchise directory.

Lily Sweeney, Point Franchise ©

GoliathTech franchise GoliathTech
Min. investment £100,000
Home Improvement & Construction
Request
information
The Incredible Ice Cream Company franchise The Incredible Ice Cream Company
Min. investment £24,000
Food
Request
information
First Class Learning franchise First Class Learning
Min. investment £10,000
Personal & Home Care Services
Request
information
Rooster Shack franchise Rooster Shack
Min. investment £120,000
Restaurant, Coffee Shop & Pub
Request
information
RAISON Home franchise RAISON Home
Min. investment £10,000
Home Improvement & Construction
Request
information
These articles may interest you

How to Become a Property Manager

The UK property industry is booming like never before. With the property [...]

Article published on 15/04/2022 08:00

How to Make a Career Change With a Pet Franchise

Making a career change can seem like a daunting and scary transition to [...]

Article published on 22/03/2022 08:00

How to Become a Dog Daycare Specialist

Dog daycare specialists are the go-to for families seeking friendly [...]

Article published on 11/02/2022 08:00

Top 4 Frozen Yogurt Franchises in the UK

If you’re a business-minded entrepreneur with an undeniable sweet [...]

Article published on 27/04/2022 16:00
MARKETING AND COMMUNICATIONS

Q&A: Does Street Greek Franchise in the UK?

If you’re a feta-loving, souvlaki-scoffing Greek food connoisseur [...]

Article published on 26/04/2022 10:00
BRAND FOCUS

Top 3 Salad Bar Franchises in the UK

If you’re an entrepreneurial person who dreams of running your own [...]

Article published on 25/04/2022 16:00
TOP FRANCHISES
Did you enjoy this article? Please rate this article
Be the first to rate this article
Newsletter Envelope

Did you enjoy this article?
Subscribe to our newsletter!

Receive up-to-date industry news, in-depth articles and the newest franchise opportunities directly to your inbox.

0 Comments

Still no comment for this article. Be the first to publish a comment!

Post a comment

Characters remaining: 250

Top 5 recruiting sectors
  • Car & Automotive Franchises
  • Cleaning Franchises
  • Estate Agency & Property Franchises
  • Finance Franchises
  • Restaurant, Coffee Shop & Pub Franchises
Top 5 franchise opportunities
  • Franchise Acacia Homecare Acacia Homecare Franchise
  • Franchise dns accountants dns accountants Franchise
  • Franchise Gelateria 3 BIS Gelateria 3 BIS Franchise
  • Franchise Secure Locker Rentals Secure Locker Rentals Franchise
  • Franchise SylvianCare SylvianCare Franchise
Top 5 recruiting cities
  • 1 Birmingham
  • 2 Bristol
  • 3 Glasgow
  • 4 Leeds
  • 5 Manchester
Franchises by
minimum investment
Low-cost franchises Franchises under £10K Franchises under £20K Franchises under £30K Franchises under £40K Franchises under £50K Franchises under £100K Franchises under £150K Franchises under £200K Franchises over £200K
Latest News
  • Mail Boxes Etc. - MAIL BOXES ETC.: THE BEST FINE ART CARRIER IN THE UK
  • Healthy Feet Mobile Clinic - FRANCHISE OPPORTUNITY FOR GROWING MARKET: HEALTHY FEET...
  • Mail Boxes Etc. - MAIL BOXES ETC. EXPANDS, BECOMING A GLOBAL COMMUNITY
  • Driver Hire - NEW FRANCHISEES AT LINCOLN RECRUITMENT BUSINESS
  • TaxAssist Accountants - ADAPTING TO THE NEW NORMAL: TAXASSIST ACCOUNTANTS VIRTUAL...
Newsletter Envelope

Did you enjoy this article?
Subscribe to our newsletter!

Receive up-to-date industry news, in-depth articles and the newest franchise opportunities directly to your inbox.

Find your franchise
  • UK Franchise Directory
  • Best Franchises
  • New Franchises
  • Most Profitable Franchises
  • Dictionary
  • Interviews
  • Checklist
Our top guides
  • Franchise for Sale
  • Franchise Definition
  • Starting a Franchise
  • What is a Franchisee?
  • What is a Franchisor?
  • Franchise Agreement
  • Franchise Shows and Exhibitions
Are you a franchisor?
  • Advertise your franchise with us
Subscribe to our newsletter
Useful links
  • About us
  • Privacy policy
  • Sitemap
  • Contact us
  • Consent notices
  • Terms and conditions
  • Disclaimer
  • Our writers
Follow us
Infopro Digital
✕
point franchises newsletter

Keep up to date with the franchise industry