10 years. I get to start this journey as soon as possible, grow my business as much as I can and hopefully pass that on to my children – that NextGen step that’s possible with McDonald’s.
After a career as a pilot and entrepreneur, Rav Sandhu wanted to work among teams again, and so involvement with a ‘people business’ was an obvious choice.
What did you do before you embarked on your McDonald’s journey? I was a pilot in the Royal Air Force. I flew the Hercules, which was one of the most fulfilling things I’ve ever done, and served in Iraq. It was always an ambition of mine to fly and I felt privileged to have served. I did that for a decade and I retired
after an injury. I then went to work with my brother within his food retail franchise. That sparked my interest in working for myself. I launched my own business, which mostly shipped products around the world, but it was a small operation and it was very clear, very quickly, that I missed being in teams (as I was in the RAF) and the buzz of people, like I had with my brother in his franchise. So, about three years ago, I started thinking: “Well, where do I want to go with this?” McDonald’s was a very obvious choice.
I wanted to work for myself, I knew the opportunities they had; it’s a fascinating business, it keeps innovating. It was something I always kept an eye on, and I could see myself being a part of their future. I went to an Insight day and thought: “This is the right place for me!”
How did you know it was right? As soon as they started talking about “hard work”, “dedication”, “be hands on”, “know your people” – it all made sense to me and was something that I was missing. We heard from a number of existing
franchisees, too, and straightaway I thought: “Yes! This is the kind of thing I
know and love!” But actually, it’s far more exciting, because there’s a lot more going on with McDonald’s. The Insight day made it pretty clear what I was getting into.
What happened next? The next phase is thorough, there’s no denying that. It’s long, and so you have the opportunity to reflect on whether you’re doing the right thing – and that’s good, both ways. It’s rigorous – interviews go on for many stages. You meet other franchisees, you go and work in a store – it all benefits you as well. And at any point you can say: “This isn’t for me,” and I think it needs to be that way. You have to be sure of what you’re getting into – it’s a very hands-on business. You also need to be a people person.
So it was a chance to make a big change? Yes, because to do this, I moved some of my investments around, and I pulled out of my business to become a franchisee and for the purpose of setting myself up for these nine months. I know there is a bursary, which can make a big difference for some – all these things help. I’ve learned about banks and funding, too. At the open day, there are people from the banks who’ll tell you how confident they are lending to you. Obviously, as a borrower you’re
interested in what kind of deal you get. As a franchisee, you’re considered a very low-risk investment. The deal they give you is competitive – banks are generally supportive of the franchise model. Reassurance like that makes you very confident that there is lending available. The other side of the funding conversation is the commitment from your own savings – what you need to have depending on your investment. Figures show that with a franchise – when compared with setting up a business entirely on your own – there’s, relatively speaking, less risk involved. During applying, you can say openly: “One of the reasons I’m here is to try to align à
17
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180 |
Page 181 |
Page 182 |
Page 183 |
Page 184 |
Page 185 |
Page 186 |
Page 187 |
Page 188 |
Page 189 |
Page 190 |
Page 191 |
Page 192 |
Page 193 |
Page 194 |
Page 195 |
Page 196