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Switching from the Corporate World to Franchising, Is It for You?

EDITOR NOTE: This is a post from The Franchise King®, Joel Libava. Joel will be writing a blog post monthly for Franchise Direct.

Are You Ready To Step Out Of Your Comfort Zone?

If you’ve been recently downsized from a corporate job, you may be at a point in your life in which you feel a corporate job isn’t the place for you anymore. If so, read on; maybe I can motivate you to look in a different direction.


If you’re starting to feel that corporate America isn’t doing it for you anymore, you’ll need to step out of your comfort zone in order to look at what are called “non-traditional" career opportunities like owning a business. Some ideas:


Buying In

Maybe you can find a small business in town that could use some fresh ideas. If you can, would the owner to be willing to be bought out on a pre-arranged schedule? Certainly there are businesses in your area that can use your expertise. Ask around. Talk to local accountants and attorneys. They hear of things all the time.


Businessman at Crossroads


Another way to leverage your expertise is to become a business consultant. What one or two things are you really good at?


For example, if you’re great at sales, sales management, or feel that you would be a great sales trainer, do you think it’s possible that there are local businesses in your geographical area that could use your expertise? You can do the same thing I just described if you specialize in things like operations, marketing, or finances. The world is your oyster.


One way to start your own consulting firm is from scratch. You could easily find some office space, hang up your own shingle, and get up and running in a fairly short amount of time. Can you see yourself doing something like that? 


Consulting Franchises

Maybe you don’t feel like starting a consulting business from scratch. That’s fine! I have an idea. Look into buying a consulting franchise. Franchises are a great way to get into a business that has a blueprint that’s all ready for you to use. 


Most Consulting Franchises offer the usual array of things other franchises do, such as:

  • Business Systems
  • Marketing Templates
  • Online Lead-Gathering Systems
  • Formal Training
  • Coaching
  • Support


Go here for a list of consulting franchises


Make Sure Your Reasons Are Valid

If you decide to not pursue a corporate job this time around, owning a business could be the right thing for you to do. However…


I’ve found (based on my experience working with lots of people in career limbo) that you either want to be in business for yourself or you don’t want to be in business for yourself. You shouldn’t go into business ownership with a thought like this:


If I can’t find a job, I’ll just become a business owner.”


That’s not the way to go into business. There’s already a ton of self-inflicted pressure that’s part of launching any new business. That goes for a franchise business or a non-franchise business. Going into business for yourself because you couldn’t find a good job will compound that pressure in a big way. Going into business for yourself because you really wanted to eases the pressure. Does that make sense?


Deciding to become the owner of a business is a big thing. When done correctly, owning a business could end up being the best decision you’ve ever made.


Just don’t become the owner of a business because you were out of options. It may not work out the way you had hoped it would.


One more thing: Get buy-in from your family. Talk to them about your ideas. You’re really going to want their support. And, who knows: They may have some ideas that you hadn’t thought of!


Go here to see dozens of business ownership ideas and more


The Franchise King®, Joel Libava, is a franchise ownership advisor and the author of several books on franchising including these eBooks.

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