Owning your own personalized gifts business is some of the hardest but most fulfilling work there is. There is no beating the satisfaction that comes from being in charge of your career and running a successful company. But when your business experiences growing pains — namely, it stops growing — it is easy to get discouraged. The good news is that turning your business into a personalized gifts franchise can help you move past these growing pains and push your business to the next level.
Wondering why you might want to convert your independent company into a franchise? Here are 3 reasons why entrepreneurs turn to franchising and how it works for them.
Split the Work
As an independent business owner, you are responsible for every part of your business. From processing payroll to working with suppliers to figuring out the best ways to update your business, all of it is your responsibility. Working like this without assistance for a long time can be draining.
When you join a franchise, you get to split some of this burden with the franchise network. A franchise can help you manage your workload by making some of the day-t0-day operations simpler, allowing you to focus on growth. For example, a franchise that has worked with a large number of franchisees (like Fully Promoted) has figured out how to streamline some aspects of running a business. Things like standardized software for processing payroll or managing your budget can make your life as an owner easier, allowing you to put more attention toward your customers.
Learn from Experience
There can be no doubt that the greatest benefit of converting from an independent business into a personalized gifts franchise is that the franchise network has experience working with people just like you. Join forces with a brand that has worked with other independent business owners like yourself so that you know you will get the treatment and flexibility you need.
The decision to convert to a franchise should not be taken on lightly. Make sure you research the brand you are interested in to ensure that they have the resources and experience that will make a difference for you and your business.
Even better, with experience comes trust. After you have joined a franchise, you will take on the brand’s name and reputation, which will be a benefit when you are finding new customers.
Enjoy the Benefits
There are a number of benefits available to you when you turn your business into a franchise. Here are some of the biggest benefits of this growth strategy with Fully Promoted, the biggest promotional products and marketing services retail franchise in the world:
- Use our trusted suppliers: In more than 20 years in business, we have forged relationships with suppliers that we trust to create the most outstanding personalized gifts — and other products — for all our customers. With the Fully Promoted name, you can benefit from these relationships too.
- Increase your competitive edge: Being Fully Promoted means that you have the ability to offer your customers everything they need to attract more customers. You can expand your offerings beyond personalized gifts to include everything from SEO services to branded apparel to business printing.
- Utilize your existing knowledge: We know that you have already been successful as a business owner, so we want to learn from you. Even as you are adopting our proven systems and utilizing our resources, you are bringing your expertise to the table every day.
If you’re wondering how to convert your business into a franchise, check out this blog. At Fully Promoted, we are excited to work with experienced business owners to grow their businesses through our proven brand. Not only are we a personalized gifts franchise, but we also specialize in everything our customers need to attract more customers, including promotional products, branded apparel, marketing services, and more.
To learn more about working with us request more information.