When Is The Right Time to Buy A Franchise with Color Glo?
Summertime is a good time to start your own business
Summertime. It's hot, its sticky and its full of opportunity. Right now might be a good time to consider advancing your career and changing your life by purchasing a Color Glo franchise. Summertime is a good time to think about kicking off or starting a new business for a few reasons. Most businesses are in the middle of their year and focused on sales and maintaining; less effort it is being put into market analysis. The middle of the year can tend to slow many people down, but you are just beginning to run. It's also wise to think about getting some groundwork laid before the 4th quarter of the year, holiday time period and other calendar items that bring business development to a halt.
If you've been thinking about buying into a franchise system, you may wonder if you are cut out to be a business owner, and if so, what type of franchise should you own? Almost anyone can be a franchise owner if you have the determination and the willingness to learn and evolve. The system has been created for you, so following it is your biggest asset.
Franchise Skillsets
The type of franchise you own will depend heavily on your personality, interests, obviously your skill-sets. If you have interest in restaurant operations, then there are many franchise options for you. If you want retail unique clothing and accessories in a boutique environment, then there are franchises for you. If you want to operate a gym, guess what? So many options out there for you. If you want to help your clients save large amounts of money and be a go-to resource for color and material restoration in niched interests like automobiles, marine, aircraft, home furniture, commercial furniture and more - then Color Glo International is for you. You'll meet new people every day, you'll work on-site rather than in a box and you'll encounter unique jobs that challenge you daily.
Franchise ownership rewards?
There are many rewards to owning a franchise. One of the biggest is also your biggest challenge, which is being self-employed. This means you are your own boss which can be the life or death of your business. You'll need to be a self-starter, create routines and schedules, set your own meetings and efficiently and financially manage them. You get to know other small business owners in your community and you'll get to know all kinds of people that are looking for someone like you to help them with regular work. One is that Color Glo Franchise owners can benefit is in their relationships with RV Dealers.
Freedom is your biggest advantage. New work locations, new people, new challenges - every day. If you're willing to follow a proven model, the business can also be lucrative
Back to determining the best time
We've given you our advice based on our franchisees. But seasonal businesses and level of risk takers will have different opinions. Some industries will have busier times of year than others, and many will want to open right before a big season. However, your personality comes in to play; you may want time to work out the kinks.
To find which option is right for you, look at potential outcomes … and seasons that might bring in more dollars. Then evaluate how ready you are (or might be) by a certain date. This can create a realistic timeline, and reveal when will be your "best" time to open.
How about outside factors? Are there any competitors retiring or going out of business? Are there businesses in your similar field opening? These variables, and more, can help pin down a deadline. Also keep in mind that business is never cut and dry. Even with the tightest of plans, your deadline can get shoved back. Be sure to give plenty of advance … just in case.
Another thing to also consider are hard dates. Do you need real estate? When can you get into the building? Are there licenses, liens, loans, operational equipment etc that all have lead times? A firm plan is essential to launch.
Final Considerations
Before hopping in with both feet, take some time to consider the competing franchise models in your selected interest. Stay open-minded and things can change rapidly. If you are working toward opening your franchise, there comes a point where it's simply time to open, no matter what the corresponding season might be. Be prepped to go at it full-force, then hone in on whatever your industry's craziest time of year.
- Color Glo International was rated in the Top 100 for 2018 by Franchise Gator.
- Color Glo International was also ranked on the 2018 Entrepreneur Franchise 500.