Starting a Franchise After Working in One
By selfemployedblog | April 8, 2006
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Most people in their lifetime have worked for a franchise at some point in their life. During my high school years and college years I worked at fast food chains to make some extra cash. However, some people tend to enjoy the franchise company they work for so much, that after several years of working in one, they launch their own enterprise.
Take this article for example about a local BMW car dealership in San Diego that is managed by two brothers, Tim and Tom Brecht. Their father Bill worked for BMW of San Diego for 25 years before being granted his own BMW franchise in 1985. After 25 years of working for the same company, I’m sure Bill had the expertise to go out on his own and manage his own successful BMW dealership. I would think it is safe to assume that his longevity with the company played a big role in being allowed to open another franchise in the same area.
Some franchises are interesting enough to the employee to stay in it for the long haul, move into management positions, and learn everything there is to running it. With that type of experience, if the employee has the start-up capital, and an entrepreneurial spirit, opening up their own franchise would seem to be the next logical step.
I’ve heard and read many entrepreneurs down the owning of a franchise, but for some, it has its benefits. You start with a company that is already branded, already has a market, and is set up for you from scratch. There are some disadvantages I’m sure, like paying the royalty fees and the constant inspections to be sure the franchise is being operated to the standards of the original ownership. But with any business, you incur some level of risk. If you are thinking about opening a franchise, I’d love the read your feedback on whether or not you’ve worked in that particular franchise and your motivation for wanting to open one.
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