10 Benefits of Pet Franchise Ownership Compared to Employment

If you are currently employed but dream of being your own boss, then you should know how it compares to where you are now. There are no doubt some benefits of owning a pet franchise over being an employee, but how great these benefits really are. As long as you have what it takes to own and run a pet care franchise, then you should know how this can enrich your life.

 

Have More Control Over Your Life

Sure everyone has control over their life, but this only goes so far. For instance, if you wanted to go on vacation right now, after consulting your bank account you would have to get permission from your boss. As the owner of a pet grooming franchise you could determine what you want your schedule to be and this can give you more freedom and control over your life.smart-dog

 

Have a Flexible

Right now, chances are you work in an office with a set schedule your employer chose for you. You can’t just go to the beach or take a fun trip with your kids at a moment’s notice because your employer needs you on their schedule. You are stuck working within the parameters of your job description. When you own your own pet franchise you can set the schedule for others as well as yourself. If you want to spend the day having lunch with friends and going to see a show, then you can do this. It also means never missing out on important events with your family.

 

Greater Career Options

As an employee there is generally a career ceiling that you will hit with your company. This means you can only climb the corporate ladder so far. As a business owner though you can continue to grow your business, open new businesses, consult other businesses, or even use your knowledge and experience to work for an even larger corporation as a CEO. There are open ended opportunities as a business owner if you apply yourself and learn as much as possible.

 

More Self Satisfaction

As an employee there are many ways that you can get the satisfaction you want. There is recognition such as employee of the month or even earning a bonus. These are great but as a pet franchise owner there are many other rewards you can receive. As your store does good, you become better known in the community, make more money, get recognized by the franchise and so much more. It is easy to see how this can be more satisfying than working for someone else.

 

Even More Learning Experiences

As an employee you may learn new things, be it customer service techniques, history about your industry or other similar topics. However this pales in comparison the myriad of things you will learn as a pet franchise owner. This includes management skills, accounting, professional correspondence, marketing and so much more. While some skills are needed to open your franchise there are many more you will learn along the way.

 

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Form Positive Habits

This does not mean that people who are employees have bad habits. What this means is that if you want to have a successful pet franchise, then there are some habits you will have to form in order to get there. This can help to make your life more productive, not just in work.

 

Improve Networking Skills

Networking is essential for business owners as it is what allows them to form relationships with other professionals. While this is something you may have experience with now as an employee, you will have even more experience with it as a pet franchise owner. This in turn will improve your networking skills.

 

More Motivation

As an employee generally your motivation is driven by the salary you receive. Not only is this limited, it has a cap. When you are a business owner you will not only have the ability to earn more money, you will also have spontaneity in your job which can also give you more motivation.

 

Protect Your Position

One of the biggest concerns many employees have is job security. There are factors such as outsourcing, downsizing, and so much more that employees have to contend with. When you have a pet franchise as long as your business stays open you have a job. While the thought of closing is scary and real for many businesses, the support  from your franchisor can give you the help you need to solve your issues.

 

Retire Sooner

Most employees do not have the retirement savings they need to retire even at peak age. This is because inflation continues to bring the prices of things up and a 401(k) plan simply is not enough to get you there. The income you receive as a pet franchise owner though can help you to not only get what you need to retire but to get there sooner than you would as an employee.

The Checklist for Opening a Pet Care Franchise

When you want to open a franchise, there are many aspects you will need to think about in order to get to just the store opening. Once you have found the franchise that is right for you and signed the franchise agreement, then the real work begins. Here are some of the tasks you do not want to overlook when opening your pet care franchise.

 

Finding the Right Location

This is one of the easier tasks to check off your to do list as most franchisors will help you with this. They have a specific location in mind for the pet franchise which is why they are ideal to help with this. For instance, the franchise may want to have locations in a strip center in a neighborhood where the average income is at least $75K/year. If so, then they can help you find the locations that are right. You should find out what you will be looking at in terms of location before you even sign the franchise agreement.pet grooming franchise

 

When you have a great franchisor they will also help you with lease negotiations. This is not just about getting a cheaper price. Rather this is also about finding a spot that works for what you need with the accommodations required to be successful. This may mean having a larger sign on the strip center signs or other things.

 

Create Business and Marketing Plans

You should also have a business plan and marketing plan in place for the pet care franchise. Some franchisors will require you to have one or both of  these in place with your franchise before you even sign the agreement. You may also need these to secure the funding you need to get the pet business off the ground. These are great tools to help you understand what you will be doing with your business to reach your goals.

 

Go Over the Franchise Manual

This is an important aspect of owning a pet care franchise because you want to make sure you understand what the expectations are of you as a franchisee and how the business practices here work. The main reason most people buy a franchise is to have a model that is already ready to go and without reading through the manual you will not be able to have this model implemented.

 

Find Your Dream Team and Get Them Trained

You need to find the team for your pet care franchise no matter how small or large this team will be. It is a good idea to have them ready to go weeks before the store even opens. This will ensure that they are properly trained and ready to go when the store opens. Just make sure you are honest with them about the hours they will get before and after the opening so there are no issues down the road.

 

Take Care of Licensingpet franchise opportunities

This is another aspect that you need to keep in mind with the pet care franchise. This may require inspections and other formal documentation that can be hard to take care of if you wait until the last minute to get together. The first step to this is to understand the licensing requirements of your area and from there get the needed licensing.

 

Get Inventory Under Control

You should not wait until the last second to order the inventory you need for your opening. While you generally want to wait until after construction is done, if you have the storage space for the inventory somewhere else then you should think about utilizing it. If you wait too long to order inventory you may find that you have a half stocked shelves come opening day which is something no one wants with their pet grooming business as this creates a ton of stress and many new issues to contend with.