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Many of the terms surrounding the purchase of a hotel business can sound familiar--"franchise," "turn key operation" and "operating results" are all terms that are used in business fields outside of the hospitality industry, so you're likely to have encountered them if you're a business owner. Happily, in the hospitality industry, they generally retain the basic meaning that you're familiar with. Read More »
Business professionals who are interested in the hotel industry and intend to buy hotel business locations will have many choices to make. You will need to pick the right location for your establishment, decide whether you want an independent hotel or a franchise opportunity and come up with a realistic budget for your purchase. Read More »
Taking the plunge on a franchise can be one of the biggest decisions you make in your professional life. You’ll need to take careful stock of your resources and your competitive edge before you dive into a commitment like that. Even if you’ve narrowed down your options and you’ve decided you’d like to own your own business and work with animals, there are many complicated factors to consider before zeroing on the brand that’s right for you. That’s where a pet franchise consultant comes in. Let’s consider what such a service can offer you, and what to watch out for if you choose to employ one.
A franchise consultant with strong ties to the pet industry will know what kind of packages are out there. After interviewing you about your needs and resources, they should have the expertise to match you up with a franchise that’s appropriate to you. They’ll help you avoid mistakes made on the basis of ignorance – because you’re not likely to know the ropes of the industry you’re just getting started in. It’s common for new franchise owners to overestimate or underestimate their ability to commit to an enterprise, often because they don’t understand the true costs and benefits of their venture. A consultant can help you avoid that kind of misstep.
On a day-to-day basis, a knowledgeable franchise consultant can answer your questions about the business, coach you in strategy and methods, and find you the help you need for other aspects of your venture. They provide the kind of support that can be vital for new business owners, who often feel alone and unsure.
The same qualifications that can work for you can work against you: a consultant with strong ties to the pet industry can be on the payroll of certain franchises, and may act dishonestly to pair you with a business that isn’t right for your needs. Even if they’re not being paid directly, they secure a commission based on the franchise fee, and can profit from a decision to sign onto a brand that’s ultimately beyond the means of their client.
It’s a similar relationship to the one you might have with a real estate agent – they’re also paid by the seller, not the buyer, and it can influence the way they do business. However, acting without integrity will dilute their professional reputation over time, so they also have a motivation to get the best deal on your behalf.
Try to find someone with references you trust, and research them carefully before engaging their services.
Finding a good pet franchise consultant can be a difficult decision, but considering the time and effort you’ll be investing in the business, it’s one that’s worthwhile. Consult franchise evaluation services like FranchiseWorks. It has a handy directory of pet industry franchises that should help you get started.
Pet industry franchise consultants help small business entrepreneurs decide which opportunity is right for them. With all of the various types of establishments in the pet care industry, it is nice to have an expert on your side through the decision process.
There are many consulting firms available. A simple online search will turn up websites such as boomerfranchiseconsulting.com, franchiseworks.com and wfafranchiseconsultants.com. All have opportunities available in the pet industry.
The website franchisedirect.com has a wealth of information on the topic. It offers advice on choosing the right consultant and has a searchable database by trade and investment amounts. It also contains pet industry reports that are compiled from various sources.
The choices in franchises can seem overwhelming. Opportunities such as dog training, pet retail shops, grooming, animal photography and pet sitting are only a sample of what's available. This is where a trained consultant comes in. A professional advisor will consider your current financial condition and specialized skill set, as well as your educational and background experience in the area of pets. This individual will also counsel you on the pros and cons of each franchise opportunity. Armed with up-to-date statistics and economic figures, these experts are a guide through the sometimes confusing data found in industry reports.
Learn more about pet industry franchise consultants through the resource links found on this Business.com page.