Whether you've done plenty of research already, or you're just starting to think about becoming a business owner as a franchisee, you're sure to have come across a variety of opinions, myths and assumptions. To help you on your franchising journey, we've debunked a few of the more common myths in this blog.
Myth 1 - Franchising is Expensive.
Be under no illusion that starting a new business as a franchisee is a serious commitment in both lifestyle and finances. That being said, you might be surprised to discover that it's not as expensive as you thought and with us here at Belvoir, our years of trusted experience means we have strong relationships with a variety of lenders. The investment will be determined by the chosen model of entry usually about 30% of the investment amount must be provided by yourself, the rest we will help you secure as part of your journey.
Myth 2 - The Franchisor Controls the Business
While it is true that becoming business owner via a franchise model means that you are buying into a brand, business model and strategy of the parent company — it is still within your control to manage your individual branch, create a strong business proposal, marketing plan and much more. In many ways, this makes it a much more secure route to owning your own business - a brand can often be the making of a business and by joining Belvoir! you are given the opportunity to join a brand that is trusted by millions across the country but in your territory, it will very much be in your control.
Myth 3 - Franchises are limited to fast food.
As you're reading this on our website, it's obvious that this myth is not true. That being said, the term franchise has been traditionally linked to the fast-food industry, when in reality there is a multitude of businesses that offer the franchise model. Despite this being a myth, the fast-food industry is a testament to the power of the franchising model. McDonald's, Starbucks, Subway and many more would not be the globally dominating forces that they are without franchising and we're sure that Belvoir! wouldn't be the UK's largest lettings agency business on the high street without our family of dedicated franchisees.
Myth 4 - Franchises Never Fail.
A franchise is a business, by taking the decision to launch a Belvoir! franchise you are starting what could become a highly profitable operation. That is why the first stage of joining Belvoir is our Discovery Day, where we not only inform you more of the process, but we can judge if becoming a business owner with us is right for you. More than anything, making sure you are the right personality with the right attitude is more important than any other factors we take into account.
Myth 5 - There is No Freedom in Franchising.
Step into any Belvoir branch in the UK and you will be met with the same trusted brand, an individual that has been trained by our team and a solid lettings and sales business model. You will also meet a variety of passionate business owners, all with their own business plans, strategies, marketing tactics, personalities and much more. We trust our Belvoir family to put their own stamp on the territory they operate in, it's why so many go on to acquire competitors at such an early stage in their career — why many are winning local, regional and national awards and what makes us proud of each and every one of them.
If you'd like to find out more about joining us, then why not sign up to one of our Discovery Days today: ww.belvoirfranchise.com/discovery