Taking advantage of a franchise opportunity is a great way to be in business for yourself, not by yourself, especially when you invest in a daycare business for sale with Children’s Lighthouse. Ours is a comprehensive investment that factors in just about everything you’ll need to open and operate your daycare franchise successfully.
Still, because our established brand comes with so much built-in support, it may be tempting to think that success is a guarantee. We believe our proven business model does take a lot of guesswork out of things; but it’s important to remember that a franchise, like any small business, will require an owner to be involved, proactive, and committed to growth if they want to see success. Furthermore, success can be hindered if one makes some common mistakes. In this blog, we’ll look at three of them and how they can delay your efforts at growth.
Not Following the Business Model
No matter how you start one – whether as a franchisee or an independent owner – the success of any small business requires work and commitment. The good news is, if you’re a Children’s Lighthouse franchisee about to open a daycare business for sale, one of the most important advantages you’ll enjoy is access to our established business model.
But sometimes, new franchisees think a brand’s business model is simply a template to be used at their discretion. That’s inaccurate. Successful brands like ours are just that because they have refined a business model that, when followed, positions franchisees for growth. The fact is, as a franchisee you’ve paid for access to a brand’s business model, so why wouldn’t you use it? It’s an extremely valuable resource that competitors don’t have and that can keep you on top of your industry.
Not Taking Advantage of Support
Another important benefit of becoming a franchisee is the ongoing support you’ll enjoy in the way of marketing, online resources, research and development, and more. A franchisee pays for this support through monthly royalty fees, so it would be an oversight not to take advantage of it. It’s important to remember that franchisee success is a team mentality, and the most successful franchise owners embrace this idea. They don’t hesitate to reach out to their corporate team for advice, to share their concerns or feedback, or to get answers to important questions. They make use of whatever resources are available to them, in the way of operations manuals, marketing materials, webinars, and more. And they celebrate the fact that they’re part of a network of other franchisees who are there to encourage each other and to share ideas.
As a Children’s Lighthouse franchisee, it’s important to realize that while you’re the owner of a daycare franchise, you aren’t alone. As we like to say, you’re in business for yourself, not by yourself, so make sure to utilize every advantage that comes with being part of our brand family.
Not Staying Involved
While it’s true that as a franchisee you’ll have access to all kinds of resources and support to help you manage your business and help it grow, that doesn’t mean you won’t be required to stay intimately involved in all aspects of it, especially when first starting out. Small business ownership is rewarding work but it requires dedication and persistence. Being a franchisee will ask no less of you.
Unfortunately, however, some franchisees are under the impression that built-in brand support means they won’t have to be as involved in the day-to-day operations of their franchise. This is simply not the case. As a Children’s Lighthouse franchise owner, you’re the face of your business, and your success will depend very much on your involvement.
However, once your franchise is established, you just might find you have more freedom to decide how heavily involved you’d like to be. You’ll have qualified staff members you can rely on, and you’ll have a better understanding of what it takes to run your franchise, leaving you the ability to strike a more satisfying work/life balance.
Interested in learning more? Reach out to our franchise team today to find out more about a Children’s Lighthouse daycare business for sale and all it comes with.
