Everyone Needs a Team of Mentors. There are so many times in my life that I need help with something. I remember the first house my wife and I purchased. A real fixer upper for sure. The previous owners had taken out doors, light fixtures, electrical plates, counter tops, cabinet doors, and even the kitchen sink. It was all we could afford at the time, but I had no idea how to fix or replace these items. I was a financial analyst, not a handyman. Well luckily I knew where to go; to my Dad. Somehow over his life up to that point he had picked up a lot of trades and tricks and when he saw the house he offered to help. It would have been too overwhelming by myself.
One of the most attractive aspects of Franchising is having the opportunity to go to a team of mentors when something is wrong or if you have a question. Often times, Franchisee’s are going to need advice, support and have general questions about the business. Much of the initial training will be forgotten or lost by the time they open the business. What separates Franchising from independent businesses, is the fact that Franchisee’s have the option to reach out to the Franchisor anytime they require assistance. With a Franchise, you’re not only getting a team of mentors, you’re getting a team that is in the exact field, the exact business and have been exposed to the exact challenges that could arise.
Most people purchase a Franchise over an independent business based solely on the fact that they have someone to go to when they need assistance. The most beneficial aspect of support is the fact that the type of support is disclosed before you purchase the Franchise. Included in item 11 of the Franchise Disclosure Document (FDD) is the available support provided by the Franchisor. Not only does this contractually guarantee assistance from the Franchisor, it also helps in the due diligence process of selecting the right franchise for the Franchisee.
My dad could not have helped me in fixing up my home if he hadn’t done it before. But because he had he was a mentor that I could turn to. In a franchise, you are in business for yourself, but not by yourself. You have someone that has been there before, has seen mistakes and successes and is there for your support.
We all need a Mentor!
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