Published on July 05, 2010 – Updated on October 10, 2013
Home franchise
Joining a franchise and working from home has many advantages. The least negligible: a minimum investment. No need, for example, for commercial premises. A phone and an internet connection can be enough to generate turnover and income. However, before you start, make sure of your motivation and clearly define whether you are looking to build up an extra income or a regular income. Because working from home can be difficult. Explanations.
be well informed
The brands of home franchise can offer you activities as varied as the production of advertising articles, real estate brokerage or the organization of events.
Understand what your franchisor brings you and what your counterparties will be. Do not hesitate to contact the French Franchise Federation (FFF) to study the different possibilities available to you. Meet the franchisors at Franchise Fair.
Do your accounts
As with any business creation, even if your investment is limited, you must to know your marketestablish a business strategy and do your accounts.
How much is your business costing you? How much does it bring you? Is it a regular income or an extra income? Are you going to work full-time or part-time?
You will find many answers in the pre-contractual information document (DIP) that the franchisor has the obligation to give you before any commitment. Don’t settle for it.
Check the hypotheses by meeting, for example, franchisees belonging to the network that interests you.
Be highly motivated before committing
Your franchisor will offer you decision-making tools. Study them carefully. ask him for it Operational Manual which usually indicates your daily activities. Meet franchisees belonging to the network and if they allow you, consult their accounts and ask them your questions. Is this the activity you are looking for?
You will be alone with customers to win markets and you will be committed for several years. Don’t forget to seek advice from your bank, accountant or lawyer. They will guide you with full knowledge of the facts.
Our tips:
Do not neglect the balance between your private life and your professional life. Know how to delimit the 2.