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Franchise Focus The perfect match


Do what you love and love what you do with Platinum Property Partners INVESTMENT LEVEL: PRICE ON APPLICATION


you, your own particular needs and goals – what do you want to achieve, how do you want your working life to be, what income do you need to generate and who do you want to work with?


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any people aspire to start their own business, but the prospect can be daunting. Working in a network of others


and following a proven model is a great way of having your own business, whilst minimising the risk and maximising the upside. It’s your business, but you have training, support and a successful brand behind you. That’s why many people look at franchising. But what questions should you ask yourself when considering franchise opportunities to ensure you make the right choice?


quickly and therefore fail to make the best of the opportunity.


Ask yourself whether the product or service that the franchise off ers suits your own interests. Does it off er something you like and would buy yourself? Platinum Property Partners (PPP), doesn’t require you to be expert property investors. But we do know that you’ll be much more successful if you enjoy what you do.


“PPP helps you to decide whether they can help get you to where you want to be.”


Does the franchise’s industry, product or service interest you? A lack of passion about a product or service could mean you tire of the franchise


Will this franchise help you to achieve your personal and professional goals? Many people look at franchising as an option because they want the independence of being their own boss without all of the risks; they want to generate an income that replaces their current salary; or they want to achieve a better work-life balance.


One of the most important things PPP does when a prospect is considering the franchise is, to ask them to complete a goals-and-needs analysis before joining, so they can be sure that PPP will help them get to where they want to be. Having a plan in terms of your


professional, family and business aspirations will help you to identify your priorities when considering investing in a franchise business. It is important to consider whether the franchise is right for


What support will I receive? One of the main benefi ts of buying a franchise is that you should have access to the relevant tools, training and support to not only get you started with your business, but to develop and grow it during your agreement term. It is extremely important to know the details of any mentoring, manuals, guides, systems and ongoing support that you will receive that will ultimately impact on your success. The partners receive intense start-up and ongoing training to ensure that they get all of the tools they need to make their business successful. In addition, PPP provides personal development and mentoring and also introduces them to other business strategies to help them grow.


What do existing franchisees saying about the franchise? Learning from your own experience is the best way to obtain fi rst-hand information, but this can be costly. If, on the other hand, you are learning from those who have already made the mistakes, then you won’t have to. A good source of information during your due diligence is case studies, which can provide clear examples and stories of other people’s experiences. This will also give you an idea of the kind of franchise community there is and their combined values. Is this a group of people you could see yourself working with? Fortunately, PPP has a network of more than 250 partners who play a key role in welcoming new partners. They enjoy sharing their stories and showing people what they’ve been able to build since joining the franchise.


Platinum Property Partners Property investment


www.platinumpropertypartners.co.uk/bf info@platinumpropertypartners.co.uk 01202 652 101


July/August 2016 | BusinessFranchise.com | 43


Investment:POA


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