Franchising offers a variety of advantages, especially to aspiring business owners. However, there are plenty of misconceptions that can deter many driven individuals from pursuing what they’ve always dreamed of. Here are five things you need to know about franchising as you consider taking the leap into business ownership:
You don’t need a background in business to be a successful franchise ownerFranchise owners come from a variety of personal and professional backgrounds. They’re teachers, military veterans, first responders—you name it! One of our newest franchisees Amanda Greenleaf, for example, held a career in personal finance before deciding to open a Jabz studio in Tampa.
While it can certainly serve as a benefit, a background in business is not required to be a successful franchise owner. There is a good chance the skills you’ve developed throughout your career can transfer over to business ownership. And, we provide you with the tools you need to succeed from day one, including ongoing training, support and the backing of an experienced leadership team.
You don’t always need to be an expert in the industryJust as it’s not typically required to have a background in business, you also don’t always have to be an industry expert to excel as a franchisee. Plenty of aspiring business owners seek out franchising as a way to enter the industries they’ve always dreamed about working in, but never had the chance. At Jabz, we welcome franchisees from all backgrounds. No need for entrepreneurial experience or a fitness background – just a passion to succeed.
And, as discussed, we all have transferable skills that we’ve accumulated during our careers, such as management, organization and leadership. As the franchise owner, it’s up to you to keep the business up and running. And, while you will have help from your franchisor, you’ll also have the opportunity to play to your strengths and build a team that can help fill any gaps.
You don’t need millions of dollars to buy a franchiseWhen you first hear the word “franchise,” you may picture a fast-food giant or a big box gym… and a lot of dollar signs. However, the beauty of franchising is that there are thousands of opportunities available that span a variety of different industries (and budgets!).
Jabz offers a low-cost franchise opportunity in the fitness space. The overall start-up estimate to open a Jabz franchise location ranges from $180,850 to $360,625, which is just a fraction of the cost of many traditional fitness franchise opportunities.
You don’t have to work around the clockEvery franchise is different, but you don’t have to be working 24/7 to see to success. Often times, you can hire managers and staff to handle the day-to-day operations, so you can focus on other aspects of running the business. Jabz franchisees have the freedom to manage their studios, and also coordinate with trainers and staff to help tend to everyday tasks.
You don’t have to navigate your journey aloneFranchising empowers you to go into business for yourself—not by yourself!
All franchises are built on the foundation of proven processes and systems, extensive training and support. When you sign the dotted line, you gain access to a variety of tools to guide you through all stages of getting your business up and running, and beyond. Not to mention, you’ll be connected to an entire network of franchise owners. Find out more about our franchise support.
Learn more about our fitness franchise opportunities at Jabz Boxing.