What Does a Day in the Life of a Franchise Owner Look Like?

 

If you’re thinking of breaking into the sign-making industry, look no further than Signarama. With years of experience and a wide array of products to offer, we’re a favorite among clients in our industry. Running your own Signarama is never dull. Here is a quick look at what a day in the life of our typical franchise owner looks like.

owning a franchise signarama

10:00 a.m. Arrive at work

One of the most exciting aspects of franchising is the flexibility you’ll enjoy. Our franchisees are able to set their own hours and decide for themselves when they’d like to work. This allows our franchise owners to be at their best when they’re in their stores. If you’ve got things in your life you’d rather be doing than working (such as enjoying free weekends to play golf or evenings to share family dinners), owning a Signarama franchise is a great way to get more flexibility in your work life.

 

1:00 p.m. Helping a client

A client comes into the store and thought they wanted to order a banner, but now they know you offer vehicle wraps and they can’t decide. With such a wide array of products at your fingertips, you’re the expert in helping clients to choose which one is right for them. Signarama prides itself on its wide selection of promotional products, so you’ll have just what your customers are looking for.

 

2:00 p.m. Delivering a sign

Signarama’s customers are diverse, you’ll be amazed at how many different types of organisations turn to you for their signage needs. On this day, you’re delivering a new digital display sign to a local senior center! It displays information about their hours and regular bingo games. Helping organizations like this let our franchisees know that they’re improving thecommunities they’re a part of. Other organisations that rely on us for signs include local restaurants, church groups, college clubs, large and small businesses, and more!

 

These are just a few high points from the day in the life of a typical Signarama franchisee. Each day with Signarama brings new challenges, designs, and rewards. If you’re interested in opening your own sign franchise, reach out to us today!

A Brief Rundown of Important Points in the Disclosure Document

Owning a franchise is a powerful step towards financial stability for both new and seasoned entrepreneurs. If the benefits of owning a business and operating in a tried-and-tested model are not enough to convince you, we recommend taking a good look at your Franchise Disclosure Document (FDD).

The Franchise Disclosure Document contains a wealth of background information about the franchise and the franchisor. This piece of document is about 100 to 200 pages long, divided into 23 important sections that enrich your knowledge of the franchise. We recommend enlisting the help of a franchise lawyer to fully understand the legal and financial information enclosed in the document.

fdd

Franchisors must hand over the FDD to their potential franchise partners 14 calendar days prior to signing any contracts or going into any transactions. The FDD may also be provided upon the franchisee’s request.

Past and Present Franchisees

If you are unsure of the franchise, the best way to get to know the business is through the people working with the franchise. The FDD contains the names and contact details of the current franchisees. Use this information to ask about their experience as a franchise partner. Their insights will paint a clearer picture of what to expect in terms of expenses and profitability.

Financial Expectations

Another section of the FDD presents the Financial Performance Representations of a franchise. Simply put, this section shows what a potential franchise partner can earn. To a franchisee, this information is crucial to understanding the business better. Industry stats suggest that the data displayed in this section offer a glimpse of the franchise’s growth per location.

Training Programmes and Financing

A number of provisions in the FDD disclose the type of support and sponsoring the franchise can provide to help you operate the franchise. The FDD can determine if the franchisor sponsors financing for new franchisees, identify the services they will provide before and after the branch opens and provide a detailed description of the training programmes.

The Necessary Initial Step

The information above is just a few quick pointers about the kinds of essential information you will find in the FDD. It’s a vital aspect of the research process to help guide your decision and determine if the franchise is suitable for your financial goals.

The role of a professional franchise lawyer is crucial to understanding the FDD. He or she will decipher provisions of the FDD concerning both the franchisor and the prospective franchisee. Proper and adequate grasp of the FDD can protect you from future problems encountered by franchisees who don’t read the document.

If you need any more information about the FDD, or if you are interested in joining the Signarama team, feel free to download our free E-book. It contains helpful information about joining the Signarama franchise even without prior franchise or entrepreneurial experience. It shows the different ways our team prepares franchisees to own their own business with confidence.

For any other enquiries, feel free to contact our team at 1300 616 785.

Why Franchising Should Be Your First Entrepreneurial Pursuit

Franchise

If you’re going into the retail business for the first time, buying a franchise may be a venture worth looking into. It is an unmissable opportunity to pass up when there’s high potential for profit and great room for success.

When franchising, you can use an approved business model, find reliable and trustworthy suppliers, and cut down on costs that usually come with starting a business from scratch.

Here’s how:

You get access to training.

One of the most attractive advantages of franchising is it requires no experience at all. Buying a franchise will give you access to a series of training programmes, where you learn everything from the ins and outs of running a business, to the technicalities of the product or service provided. You will also have materials on how to handle potential issues along the way. As soon as you complete your training, your business will be up and running – and ready to generate revenue.

You get support from your franchisor and fellow franchisees.

Franchisors provide continuous support to their franchisees. Here at Signarama, we have a 24/7 support system that lets our franchisees phone in at any time for any questions or concerns. Your fellow franchisees can also offer you their support by sharing their own experiences.

You follow a proven method to operate your business.

Applying a time-tested business model is one of the greatest advantages of buying a franchise. It eliminates the guesswork in finding out which system works for your business, saving you invaluable money and time. With the franchisor’s proven system, you are also more likely to have happy employees and happy customers.

The next step for you now is to find a franchise that’s thriving and can reward you with high returns on your investment.

Signarama Franchise is an internationally proven business, achieving multiple business awards and ranking first in the Entrepreneur Magazine’s Franchise 500. The company is dubbed as Australia’s Top Franchise to Own in the Smart Investor Magazine.

Don’t miss out on an opportunity to succeed as an entrepreneur. Join us today.