Small business owners have generally seen it all, and those who are successful have overcome a lot to achieve their goals. Unfortunately, many small businesses fail due to lack of knowledge and support. The owners may come up against issues they never planned for, or they may simply become sidelined by unexpected events. Establishing a good support system is important, and support systems for the new franchise owner are available through a number of channels.
The Franchise Company
Buying into a franchise is a good way to start a small business that has a built-in support team, and this is one of the attractions of franchise ownership. Companies who sell franchises want success stories, and they go to great lengths to help their clients succeed. Many of them offer training, and they often follow this up with phone and email support. This type of support often determines success or failure, and it has become an important part of many franchise operations.
Local Business Associations
While franchise companies offer support, there are always local issues that arise in business. Support from other local business owners is key when these types of situations occur. Local business practices and regulations might restrict a franchise, and navigating them requires assistance from business owners with experience. The Chamber of Commerce is just one local business association where a new franchisee might seek assistance.
Free Small Business Assistance
Small business owners benefit from being mentored, and some franchise companies do provide this type of support. For those who seek more assistance, SCORE is a non-profit volunteer organization of business owners who wish to share their knowledge and experience with those who are just starting out. Their mission is to help foster small businesses by providing mentors as well as education.
There is a great deal of support for small businesses, and franchise owners generally begin with an established support system. Business ownership requires an extensive knowledge base, and it is always a good idea to find and use as many resources as possible. Business owners determined to succeed will find there is a great deal of support in their community as well as their franchise company.