By Jerry Ruta, All Med Search Franchise Partner since December 2020
Americans have been franchising since 1851 when Merritt Singer, founder of the Singer Sewing Machine Company, offered the first commercial franchise business model in the United States. Since then, franchising has become a popular way for individuals to own a business without the significant risk associated with building a business from the ground up. Franchising also allows a business to branch out and grow. By carefully vetting and choosing its franchisees, a company can expand its footprint and grow revenue quickly and efficiently.
The initial hard work of testing a business model, establishing processes and procedures, creating a recognizable brand, testing marketing strategies, etc. has been done by the franchisor. This helps reduce and even remove, the risks associated with starting a new business. Essentially, you’re buying into a proven business model with lower costs of operations than many other businesses.
Franchisors such as All Med Search have a support system in place to help its franchisees flourish and grow. This support system includes not only established systems and protocols but also other established franchisees within the organization. These franchisees can provide advice and support based on their experience with the brand.
Some franchisors help remove the clutter associated with the day to day running of the business by offering support services. For example, All Med Search franchisee’s get their billing and invoicing taken care of by the corporate office, initial onboarding and training of new franchise team members, and ongoing technical support, to name a few.
Name recognition comes with an established franchise business. This helps get your franchise business off the ground quickly. Franchisors have developed and tested marketing materials to support the brand and, in some cases, have established clients which a new franchisee can take advantage of out of the gate.
Which Franchise to Purchase?
Franchise owners come from all walks of life with different motivations for investing in a business. When choosing a potential franchise business, consider the following:
- What are my goals?
- Am I willing to take on the responsibility of managing my own business?
- What industry do I want to be in?
- Am I willing to follow the franchise system?
- Can I leverage my strengths to grow the business?
- What role do I want to play in the business?
- What is the initial investment cost?
- What support system is in place?
- How professional are the individuals leading the organization?
- What are the expectations of the franchisor?
- What are online reviews of the organization stating?
- What feedback am I getting from existing franchisees of the franchise business I am considering?
- What are the risks associated with the franchise business I am considering?
Be sure to spend time learning as much as possible about the franchise business being considered. Like any other business, buying a franchise involves risk. Although most franchises are successful, some will fail.
To find out more about becoming an All Med Search franchise partner, please contact
Jerry Ruta at 743-239-2005 | email@example.com