Starting your own business from scratch can be a scary prospect given the statistics that up to ninety percent of all small business start-ups fail within the first few years of operation. The sensible thing to do would be to buy a franchise business and take it from there, reducing the risk of failure. In this post, we'll take a look at the benefits of buying into a franchised business with a special focus on courier service companies.
To Franchise or Not to Franchise?
A small business can decide to start a franchise when it realises that there is an increased demand for its services in other parts of a country or even on an international level. Such companies usually have already achieved a solid level of success, giving them the confidence to go ahead and expand their operations on a larger scale.
Buying into a Franchise
When buying into a franchise, you may start with a single location, or several. You will typically receive training to help you get started, as well as assistance with becoming familiarised with the day-to-day operations of the business model. This primes you to start off strong, armed with vital knowledge and an arsenal of resources to back up your efforts.
Here is a list detailing some of the benefits of being a franchisee to an already established business:
1. Running a franchise business buffers you from business failure, particularly due to the fact that these businesses already have a respected brand reputation and a loyal customer base.
2. You get access to training, support, advice, backup services as well as the equipment needed to help you get started. This saves you a lot of time and trial-and-error efforts that may cost you customers in an industry where you are expected to be reliable at all times.
3. Your franchise business also has access to and will benefit from the buying power of your parent company. This may result in paying much less when it comes to purchasing supplies, equipment and servicing vehicles, given the fact that everything will be done on a much larger scale, resulting in sizable discounts.
4. Franchise businesses offer you the independence associated with operating a small business, along with the support of a big business, giving you the best of both worlds.
Qualities Needed to Run a Successful Franchise Courier Business
So, what does it take to run a high-quality courier service? To begin with, you need to be a people-person who enjoys working in a fast-paced environment, where a lot of patience is needed, coupled with an impeccable eye for detail and the ability to think on your feet.
Your customers will be relying on you to make timely deliveries and expect you to have a ready fleet of vehicles, as well as professional and courteous staff who understand what it means to give great service with a smile. Given the training you'll have already gotten from your parent company, it won't be difficult to get started. However, given that the job is physically demanding and might call on you to go above and beyond the needs of clients, you'll need to have mastered the art of multitasking to a tee.
We hope that this post has given you insightful information that will point you to the right direction in your quest towards becoming a successful franchisee in the courier service business.
Max Stanner works as an office manager and professional consultant. He enjoys blogging about various business-related topics, and his posts can be found on a number of blogs across the web. Looking for Franchises For Sale? Check out Franchises Australia.
References:
1. http://www.business.qld.gov.au/business/starting/business-startup-options/buying-franchise/advantages-disadvantages-buying-franchise
2. http://www.business.govt.nz/starting-and-stopping/entering-a-business/buying-a-business/buying-a-franchise
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