Many entrepreneurs opt to franchise a business rather than starting from scratch. The security of a proven business model combined with the support and resources offered makes it very appealing. However, it is important to remember that even franchise businesses can be risky if the decision is made without a lot of thought and planning. It’s easy to avoid being guilty of the common mistakes that a lot of entrepreneurs make, if you keep the following tips in mind:
It can be difficult to imagine how JumpBunch can offer over 70 unique sport activities and then tailor each for different age groups, from toddlers to preschool, to school age children. After all, what kinds of “sports” could you possibly teach toddlers? Check out the new video produced by JumpBunch showing classes in action at each level. Several short interviews with JumpBunch coaches and a teacher help explain some of the hidden benefits of the fun but structured play. Parents and teachers watching the video can appreciate the advantages of an enrichment program like JumpBunch showing up weekly with fresh activities, all the equipment required and an enthusiastic coach. Potential franchisees reviewing the video quickly gain a better understanding of how JumpBunch partnerships work with day care facilities, camps and school groups at every level.
Good news! Children’s franchises are continuing to grow in popularity. Here are some statistics that exemplify the success that our industry is experiencing:
The beauty of franchise ownership is the freedom to run your own business within the existing support of the established brand. If you find the right franchise, you don’t have to go at it on your own. You will get training up front and ongoing support to keep your business growing and flourishing. But the level of support you receive is certainly not guaranteed across all franchise opportunities. So it’s important to make sure you do your research and confirm that the franchise you’re interested in will provide the level of support you need once you sign on the dotted line.
The children’s sports and fitness franchise industry is offers many different opportunities to choose from. It’s important to identify the strengths and weaknesses of all the options before you make your final choice. Some enrichment programs serve a narrow age group or offer just one sport or a limited range of activities. This can leave owners with few options to build their business, react to market changes or best serve their local demographics. On the other hand, no business should try to be “all things to all people.” Great franchisers recognize their core strength and build on it to give owners the flexibility to succeed in diverse markets and across changing economic times.
There is a popular saying in entrepreneurial circles that states ‘don’t simply start a business, solve a problem.’” As a JumpBunch franchise owner, if you can solve a parent’s problem and create a must-have service, the chances of being successful are much higher.
When you’re looking for the perfect franchise to get your entrepreneurial dreams started, there are a few key things to look for. Most people know that they need to find a franchise with a solid business model, with plenty of room for growth and support for the corporate team once you buy into the business. But one important factor that very few people consider is the type of owner network they might be a part of if they buy a franchise.