Pet Franchise

Similarities Between Oprah and Pet Store Franchise Owners

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If you are considering a pet store franchise, there are many factors you will need to focus on. Success is the most important aspect of owning your own business. One of the most successful women in the world is Oprah Winfrey. There are a few similarities she shares with Splash and Dash franchise owners. By understanding these commonalities you can see if this is the right option for you.

 

Both Have a Great Support Team

For over 25 years Oprah was on the air every day of the week with compelling, thought provoking and relevant shows. She had a team of a couple hundred people who were there to help her gather the information and make the show a reality. With a Splash and Dash pet store franchise, this is the same. While you may not have as large of a team, you will never be alone. Not only will you have the employees you hire for the store but you will also have the support of the vice presidents who are reachable at phone call’s notice.

 

Both Have a Strategy for Success

Oprah had a success strategy as she made her way to the top and even now that she is on top, she has an amazing strategy that keeps her there. It is no different with Splash and Dash pet store franchise owners. They utilize the proven strategy laid out in the business model to reach their goals for sales and growth and are constantly working to stay ahead of the competition.

 

Both Are True to Who They Are

Oprah once said  “I had no idea that being your authentic self could make me as rich as I’ve become. If I had, I’d have done it a lot earlier”. This is because it is important to know who you are and what you love. At Splash and Dash, pet store franchise owners love pets and are committed to improving the quality of life for both pets and their pet parents. This is embodied in everything that is done. From the signature bath membership and the high-quality boutique items to the 10 Point Wellness Review, franchise owners are committed to keeping pets happy and healthy.

 

Both Make Their Own Luck

There is no way that Oprah made her billions with ordinary luck and neither do Splash and Dash pet store franchise owners. This is because they know how to create their own luck. Oprah talks about this saying, I feel that luck is preparation meeting opportunity.”  For Splash and Dash franchise owners this simply means knowing what to expect and planning accordingly. This way nothing is really happening by chance, but rather because you have set things in motion. Also read, What Makes a Successful Pet Franchise Owner.

 

Pet Franchise I 5 Tips for Getting an SBA Loan for Your Small Business

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When it comes to owning a pet franchise you will need to have adequate funds. If you do not have all the initial investment now, then the best thing you can do is secure a small business loan. Keep the following tips in mind.

 

1. Before You Buy a Pet Franchise, Get Things in Order

The first thing yo have to do in order to buy a pet franchise is get your documents in order. You will need to have the right applications filled out appropriately and neatly per lender request. Each lender will have different requirements. Two things that you will definitely need for all of them is a compilation of financial information and references.

 

2. Prepare for Your Interview

You will have to interview for the small business loan in order to receive a loan for a pet franchise. The thing to remember is that you are selling yourself. Make sure you look like a successful business owner. Be prepared for all the questions they will ask. Take the time to practice the interview so you are not stumbling all over yourself as you defend your pet franchise loan.

 

3. Create a Financial Plan

While not all lenders will require you to have a business plan, it is a good idea. The nice thing about a pet franchise is the business model is laid out for you already. This will take care of a good portion of the work. Do not forget to focus on your goals for the future in your business plan.

 

4. Don’t Quit Your Day Job Yet

While it may seem like a great idea to quit your job in anticipation of opening your new pet  franchise, lenders do not like this. You will come across as flighty and a bad investment risk. Wait until after the loan is finalized and you get things moving with your store to quit your job.

 

5. Talk with an Expert About Financing Your Pet Franchise

Your local SBA office can help you get the information about securing your loan. It does not cost a thing to talk with them. They have a wealth of information they can share with you to help you through this process.