Ask the expert s
JOHN D A VIES
Managing director of FASTSIGNS
Q What important facts should I consider
when looking into a franchise opportunity?
u When you are considering a franchise, careful due diligence goes a long way to ensure you fi nd your best option. FASTSIGNS offer three important considerations.
1. What is the long-term commitment and expected return on my investment? Franchisors often offer fi xed-term franchise agreements. The franchise model already works for others across the network, especially those who are committed to the model and their own future. The golden question, “how long will it take to see results?” is very much dependent on the effort you put into your business. Within FASTSIGNS, we have franchisees who mastered their business quickly and have seen an impressive return on their investment.
2. How do I know I am right for this franchise? Establishing whether you and the franchise are right for each other, is important. It’s less about your previous experience and more
about your ability to follow the model and implement the training, tools and resources you receive. Most franchisors have a support team who are invested in helping you succeed. At FASTSIGNS we have business consultants who act as advisers and walk you through your business startup, launch and as you grow.
3. What will be expected of me day to day? Many franchisors have resources on their website, offering an insight into what you can expect from your new business. At FASTSIGNS, your day-to-day experience will be varied and exciting. One day you could be on-site with customers, the next in-centre helping in production or managing your team.
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