The one thing that may not have crossed your mind right now is the fact that it could be an excellent time to start a business.
We know, Covid-19 and lockdown have changed the game and made things far more restricted. The thing is, it’s the perfect moment to slough off the life that you have been living and change it. Lockdown gives you time. Time to think and plan and decide what you want in life and time to realise your dream that owning a business that you love to do is better than spending the 9-5 in a job you hate.
A franchise could be the answer to your internal questions. The worry and tension about working in a company or an industry you detest could be off your shoulders, and instead, you could be heading to work every day knowing that you were doing something that you loved. It’s an exciting idea – and lockdown could be the catalyst that makes you reconsider your life.
The one big stumbling block that pulls the rug of dreams out from under most people? It’s money—a giant, green, money-shaped boulder blocking your path. Of course, this isn’t unusual. Most people feel like money will trip them up when it comes to starting their own business. A business idea turns into lists of things to achieve, including credit histories and borrowing power and income and expenditure sheets. It isn’t very easy, of course, but knowing your finances is going to be your starting point for success.
Owning a business does cost money, but if you aren’t willing to push your money into your dreams, you must ask yourself why. Why wouldn’t you do everything that you can – including taking a little risk – to live a life you could only dream of having? Sure, the upfront cost may be an initial factor in joining a franchise, but it’s not the only factor involved. If you can answer the question of whether you’d love the work you do, it’s a good step in the right direction. It would help if you next worked out what you NEED to survive in the future, and then you can align whether or not your business idea could meet those needs. You then have to answer what you want your business to do for you.
If you can answer those three questions with confidence, you’re ready to start your own business. Of course, not everyone can answer all of those questions at the same time, but it doesn’t mean that you won’t be able to. We have processes that can address those questions and help you to determine whether starting a franchise right now will be the right thing for you. We also help you by assessing your needs and not just your “wants”. While it may not feel like the right time right now to start a business, it doesn’t mean that you can’t plan for the future. Sit down and use your time in lockdown to work out what your incoming and outgoings are, and be precise. Evaluate every single expense and whether they are essential. Once you do this, we can understand what you may need for the best chance of being successful.
Something as simple as knowing the number for your business can make a difference as to whether your business idea is a viable one. Asking yourself whether now is a good time to start a business is an easy question: it’s the right time if it’s right for you. If you are considering starting your own business right now, whether you are going for a franchise or not, you need to sit down and begin financially planning how you could make this work. You may have to cut back on luxurious for a while, but it’s the cutbacks now that will pay you back later on! Make your compromises and plans now and you can ensure that once Covid-19 has made its way out, you are ready to go for your new business.
Starting a business alone is hard, and most fail because they lack the right support. With our help, though, you will get the exact support that you need. With a franchise, you can make the decision that you need to start strong on your new business. Let’s have a chat and see whether it’s right for you to start a franchise. Call 03335 670561 and speak to Gayle or email email@example.com.