With all of us spending much more time at home, we’ve had more time to consider whether we’re truly satisfied in our current career. If you’ve decided to make a career change, here’s why doing it with a moving franchise could be the right choice for you.
Millennials will hold as many as 12 jobs over the course of their lifetime, meaning if you’re considering making a career change, you’re in good company [Talint International]. Whether you’re looking to be your own boss, work as part of a big national franchise, or simply to make some profit, running a moving franchise could be the perfect opportunity for you.
Why start a moving franchise?
When it comes to running your own business, the franchise business model is one of the best ways to get all the benefits of owning a business, while minimising many of the risks new businesses face.
As a franchisee, you will:
- Be able to tailor your own working patterns
- Make big profits
- Have a pre-existing customer base
- Have plenty of training and support
- Be in demand from day one
But why choose a house moving franchise? The UK property industry is one of the UK’s most profitable sectors. Although house moving inevitably dropped in 2020, many moving and property franchises are seeing record demand. This is already a profitable industry and it’s only getting bigger.
Over the past five years, an average 100,000 UK households moved home every month, totalling 1.2 million per year.
How to make a career change with a moving franchise
1. Research your industry
Once you’ve decided to take the plunge, you’ll need to make it your mission to learn and understand everything you can about the moving industry. You will need to create a list of franchises you’d like to work with, the unique selling points of each, and what obvious weaknesses you think they may have.
You will also need to pay attention to:
- Franchising costs
- The amount of training and support available to you
- What kinds of ongoing support will you be given
- How your franchisor will help you launch your business
The exact requirements you may need will be up to you, but understanding how each franchise differs from the last is an important step towards finding the right franchise for you.
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2. Finance your franchise
Once you have a good idea which franchises are a better fit for your needs, you will need to figure out how best to franchise the start-up costs and franchising fees you will need to pay. If you can pay out of pocket straight away, you’re in luck! If not, don’t worry. There are plenty of other ways to finance your business.
First of all, ask your franchisor how it can help. Many franchisors will have structured ways of making payments that can help you afford the fees, and some will even have dedicated financial brokers that can help you get the best possible start-up loans.
And, speaking of loans, you’ll be able to get very competitive rates as a franchisee. Due to less than 1% of franchisees closing due to commercial failure [British Franchise Association], franchisees are seen as safer investments than some other businesses. As a result, many high street banks are willing to lend up to 70% of your start-up costs.
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3. Prepare a business plan
A business plan is a document against which your business’ performance and objectives will be measured. You will need to include a number of key details in your plan, but as a moving franchisee, your business will only be as strong as the equipment that you have at your disposal.
With the input of your franchisor, you’ll need to include an inventory of specialist equipment that you’ll need. Although the true number of equipment will depend on the size and scale of your business, you’ll want to include an indicative inventory of vehicles and equipment to help you launch.
4. Create a marketing plan
Marketing has come a long way in a short space of time. And with so many businesses now competing for customers, how you choose to market your franchise can be all the difference between a successful business and a struggling business.
Fortunately, as a franchisee, your franchisor will likely have a pre-existing marketing plan to help give you a professional marketing strategy.
5. Build a network
Having a network of contacts is just as important after you’ve opened your business, as it was before you opened. In fact, it can even help grow your franchise further. WIth so many businesses and tradespeople put out of work over the last few months, many people will be delighted to see new business growing and thriving.
Building networks with colleagues, industry contacts and customers alike is a great way to help spread your business through word-of-mouth marketing. Everyone wants to see your franchise business succeed so ensuring that you have a good network of contacts to help you business’ name spread is a great way to do just that.
Make a career change with a moving franchise today
There has never been a better time to make a career change with a moving franchise.The housing and property markets are booming once again, meaning your business will be busy from day one.
If you’re interested in working in the property industry, but aren’t sure that a moving franchise is the right option for you. You can learn more about what the daily life of a property management franchise looks like, or for a broader perspective, you can take a look at the state of the property industry in 2021 as a whole. There are also a full range of opportunities on the UK franchise directory.
Elliott Fudge, Point Franchise ©