Thinking of starting a business, but you don't know where to start? Although the idea of becoming your own boss may seem attractive, starting a business from scratch is often challenging. Investing in a reputable business is a very interesting option to consider.
Indeed, frightening statistics show that a new business has little chance of survival. The figures vary by country, but overall, the closure rate is around 50% to 60%. However, when it comes to new franchises, this rate is much less dramatic because franchisees join a network of companies using a formula that has already been tested and proven. Purchasing an existing franchise is reassuring because it's already successful in its region.
There are a lot of benefits of franchising: you become your own boss while belonging to a network, and you can benefit from a formula, a brand image, coaching, and expertise that have already proven successful. Starting a business in the franchising industry involves taking a lesser risk, speeding up profitability, and taking advantage of a refined and well-established management system.
But before you begin, it's important to carefully choose the brand you wish to join. The success of a network is initially based on fulfilling the commitment and maintaining the relationship of trust between the franchisor and the franchisee, and then on the level of compatibility between your qualifications and your interest in operations management and those required by the franchisor. So how do you choose the brand that suits you?
FlagFranchise is a tool that helps entrepreneurs find the franchise that matches their values and interests in order to promote cohesion between the parties involved: the foundation of a successful partnership! Already, many business opportunities have been announced on this innovative web-based application by franchise networks in search of motivated, successful franchisees. Just follow three easy steps:
First, create your profile for free by filling out a short questionnaire about your expectations and requirements regarding your business:
- What type of chain are you looking for?
- How much income do you want?
- With what kind of franchisor would you like to build a business relationship?
- What is your availability?
- Where would you like to manage your business?
- What business sector would please you?
- What kinds of tasks would be compatible with your strengths?
At this step, you must provide your resume and, if you want, a link to your LinkedIn profile. Registration only takes a few minutes and allows our algorithm to identify available franchise offerings that would suit you. We don't just look for franchises that match your skills and your budget - we aim to find a franchise that you'll enjoy growing and operating.
As soon as we find franchises corresponding to your needs, we will send you a notification by email. In this email, you will see a score indicating your compatibility with the chain. This score is calculated using our algorithm and represents the affinity between the franchise and your entrepreneurial needs.
In one click, you can then open the business opportunity to view information about the franchisor and the available franchise. Each offer is also accompanied by an analysis that gives you details on your compatibility with the franchise. More specifically, this analysis lets you know if the franchise meets your expectations and requirements based on 7 satisfaction factors:
- Your budget;
- Your expectations;
- Your skills and experience
- Your affinities;
- Your entrepreneur profile;
- Your lifestyle;
- The desired location.
For each of these factors, we will tell you if what is offered by the franchisor meets your expectations.
Based on this information, you can then decide to apply to acquire the available franchise, whether it's a new franchise or an existing franchise. To apply, you just have to click on a single button. We will immediately send your profile to the franchisor in question. If he or she is interested in your application, this franchisor can then contact you by phone or email to follow up.
In summary, to receive support in creating the right business for you, all you need to do is take a few minutes to register. Then, we'll automatically and regularly send you franchise offerings compatible with your needs. In a few clicks, you'll get all the information related to the chain and you'll be able to apply to enter the selection process.
If you're looking for a franchise, choose FlagFranchise: the tool that helps you find a franchise that you'll enjoy!