Franchising offers a proven path to entrepreneurship. Embracing franchise ownership starts with determining which model and industry best reflects your personal and professional goals. Learn how to find the right franchise career, what questions to ask, and what a day in the life of a franchisee looks like.
How to Jumpstart Your Franchise Career
Switching careers can be intimidating. However, if you know what to look for when making a professional change, the process is much easier.
- Assess your skills and interests: Identify your passions, strengths, and skills. You’ll be working in your business every day ― especially in the beginning. Choosing a franchise that truly inspires you will make the work much more rewarding. Plus, with the extensive skillset you’ve acquired from past jobs, you’ll be well-equipped to tackle new challenges, drive growth, and excel in your franchise career.
- Research multiple industries: There are a number of industries you could invest in. From food service and healthcare to retail and home services ― the possibilities are endless. To avoid getting overwhelmed, narrow your options to the top three industries you’re really excited about. From there, analyze and compare market data between each sector. Look at the competitive landscape and the growth potential.
- Evaluate different franchise opportunities: Once you’ve determined which industry fits best with your ambitions, start researching different franchise opportunities. Compare the investment costs, number of locations, name recognition, support offered, and business model. Secure a copy of each brand’s franchise disclosure document (FDD) to get a full understanding of your obligations as a franchisee.
- Ask questions: Validation is an important step of the franchise discovery process. You’ll need to pull together a list of questions for franchisors and their franchisees. As you have conversations with multiple brands and their franchise partners, be sure to remain consistent. Ask each person the same questions so you can easily compare their answers.
- Understand the day-to-day: When you speak with existing franchisees, don’t be afraid to ask them what it’s really like to run the business day in and day out. Learn what your daily responsibilities will be, what it’s like to manage the staff and the types of customer interactions you’ll experience. Also, get insight regarding the support you’ll receive from the franchisor.
- Determine the fit: Before making any decisions, you’ll need to take everything you’ve learned and evaluate the information carefully. Is there one franchise brand that better matches your career goals? What about work-life balance? Consider how each option aligns with your values and long-term objectives to make a well-informed choice.
Consider a Franchise Career in Restoration
A sizeable market, the global restoration industry is valued at $1.2 trillion. In the U.S. market alone, disaster recovery services reached a value of $11.5 billion. Due to an increase in natural disasters and the continuous aging of our country’s infrastructure, restoration services are growing in demand.
To keep up with the developing need for restoration services, Lightspeed Restoration provides solutions for both residential and commercial properties. Specializing in water and fire damage restoration, indoor air quality, disaster response, and reconstruction, our franchisees can build multiple revenue streams while also helping those in their communities when they need it most.
Get Started with Lightspeed Restoration
Backed by franchise industry giant, Home Franchise Concepts, Lightspeed Restoration is an up-and-coming disaster restoration company. We have markets available for investment nationwide, and all our franchisees are guaranteed a protected territory.
As a home-based opportunity, our startup costs are affordable. Our investment costs range from $154,230 to $252,500 (including our $49,000 initial franchise fee), with up to $35,200 of in-house financing available for qualified candidates.
To learn more about our franchise opportunity, inquire now, and one of our development representatives will be in touch.