Owning a Successful Franchise: 3 Myths and 3 Truths

There is a lot of good advice out there about how to run a successful franchise or business, but there is just as much guff that can lead you astray if you are not careful. If you need help learning where to begin when it comes to successfully owning a franchise, 1Heart is here to set you straight by exposing 3 untruths while giving light to 3 things you may not have known.

MYTH: You Need a Huge Amount of Money to Begin

Some naysayers will tell you that starting a successful franchise is hopeless if you do not already have excessive capital to help you get your foot in the door. The idea is that you have to spend a lot to make money. Otherwise, why bother?

FACT: People at Varied Income Levels Start Great Franchises

Owning a franchise isn’t a matter of having enormous wealth, but what you do with a reasonable amount to start with, and how determined you are to make your business succeed. You might be surprised at how reasonable the cost to get started is. Our best franchise owners are competent and motivated professionals who come from all types of backgrounds, but they all learned how to own a franchise through their skills and passion, not from having millions in the bank when they decided to give it a try.

MYTH: You Need a Lot of Expertise in the Caregiving Field to Own a Franchise

Some people will balk at the thought of owning a franchise for caregiving because they don’t believe they have what it takes to master the nursing and at-home home caregiving fields. If they haven’t been to medical school, they may be under the impression that they are not qualified for the world of home senior care.

FACT: Learning the Ropes is Easy and Accessible Through Our Training & Support Programs

Our franchise support programs were designed with the explicit purpose of getting you up to speed fast so you can start owning a franchise and cutting through the red tape. Our curriculum is as concise as it is rigorous, and you might be surprised at how little time it will take you to learn everything you need to get the job done and thrive.

woman laughing in a boardroom meeting

MYTH: The Job Market Is Too Unstable

Some people might caution you that the economy is too unstable for you to consider starting your own business right now. They might think that owning a franchise will put too great of a financial risk on your shoulders, and advise you to stick to a standard job.

FACT: Caregivers Will Always be Needed

Part of how to own a franchise is knowing the ropes of assessing risk, which means that as long as you pay attention to which businesses are essential and continue to thrive, there’s little to no chance of a doom and gloom scenario coming true. Home caregivers are always in need, and are even more so during a global health crisis. Plus, job growth for fields related to healthcare is only expected to grow with time, meaning that owning a franchise with us is probably less risky than taking a job at a startup!

How to Tell Fact from Fiction

These are only 3 of the most common misconceptions about owning and operating a caregiving business of your own; you will likely run into many more. Here’s how you can tell what to listen to and what to discard.

  • Assess the Biases: Does the person in question have personal reasons for telling you whether or not owning a franchise is a good idea?
  • Expertise: Does the source of the information have a background in operating a caregiving franchise of their own, or are they simply going off their own (potentially misguided) instincts and preconceptions?
  • Trust Your Gut: If you get the intuition that someone isn’t being straight with you when it comes to giving you the tools you need for success, that’s most likely a feeling you’d be wise to follow through on.

Learn More at 1Heart Franchise

There’s a lot you can read and learn about how to own a franchise, but the only way to effectively learn the ropes is to get your feet wet firsthand. Owning a franchise may be one of the most rewarding decisions you ever make, and 1Heart Franchise wants to make sure you have everything you need to make the most of your experience. When you combine your passion for helping others with our mission of providing the best franchise owner experience in California and Nevada, there’s truly nothing we can’t accomplish if we work together.

To learn more about owning a franchise and getting a taste of what it really means to make a difference, get in touch with us today. We work with only the best and brightest business owners on the West Coast, and if that sounds like you then we would love to hear from you. Be your own person, do good for your community, and thrive on your own terms when you join forces with the team at 1Heart Franchise today

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