Reboot Your Life with aIf you are looking to reboot your life, get a fresh start and seize opportunity, there may be no better way than starting your own business.
Owning a business is a great way to take charge of your life. Depending on the business, you can set your own hours, do what you love, and focus on your priorities. Is family important to you, or is money? Perhaps you want to travel, work with children, or meet new people?
A business is an opportunity to take control of your life and have fun doing it.
We’ve helped many people successfully reboot their life by starting a business.
This guide will cover the questions people have asked as they evaluate their options for a new business, including a kids fitness franchise business like JumpBunch. We’ve assembled many of the questions we’ve heard, and provided the best answers we can.
Our goal is to make it easy for you to get the information you need to make the decision that is right for you. Owning a business isn’t for everyone. Not every business owner will find success.
This guide can take some of the pain and frustration out of investigating the opportunities. As always, if you have questions beyond what we’ve covered, give us a call. We’re happy to help.
Ready to get started? Let’s get going…
Starting a new business isn’t easy. A franchise can give you the edge you need. A franchise is a business model, where a new business owner, known as a franchisee, will connect with an existing business known as a franchisor.
When you work with the franchisor, you get assistance in building the business. That means training, organizing, marketing and more.
Best of all, you have access to the best practices that have made previous franchisees successful. Rather than struggling to plan, design, and market a business alone, you have a roadmap to success that’s already been proven to work and a team ready to help you.
Many business owners have already discovered the advantages of owning a franchise over other business models. Consider this:
✔ According to recent studies, you are three times more likely to find success with a franchise than starting a new business alone. Finding the right franchise is the fastest way to success.
✔ Another study by the National Retail Association revealed franchises had a failure rate of only 20 percent in the first five years, as compared to 80 percent for other independent small businesses.
✔ The U.S. Department of Commerce reports that the revenue from franchises delivers more than one-third of all sales in the U.S. retail industry.
Not every franchise will be successful, but there are advantages. It is an excellent option for new business owners looking to reboot their life with a new opportunity, but may not be ready to take all the risk and work required with other new businesses.
There are many different franchises out there to choose from.
McDonald’s is one of the top franchises in the world. Mariott International is a franchise in the hospitality industry, and RE/MAX is a realtor franchise. Dunkin’ Donuts, Baskin-Robbins, Ace Hardware, Jani-King Commercial Cleaning Services, and SERVPRO are all examples of franchises.
There are challenges to many of these franchises – namely an expensive initial investment and the need to maintain a brick and mortar location. If you want to start a Marriott International franchise location, you’ll need to build a hotel. Even a Dunkin’ Donuts will require building and maintaining a brick and mortar store. That can dramatically increase your initial costs and limit your ability to adapt to the market. After all, picking up and moving your business isn’t easy if you are tied to a store.
Depending on the franchise, a kids fitness business offers a much lower cost entry fee. With the right business, you won’t need to build, renovate or maintain a brick and mortar location. Overhead is extremely low. Depending on how you run your business, you won’t need to purchase expensive supplies or invest in inventory.
Let’s start with the good news. The demand for kids fitness services is growing.
Parents are looking for safe and healthy children’s activities. Children’s activities, like kids fitness, is one of the fastest growing sectors of the economy.
Parents are constantly on the lookout for new opportunities for their children. They want to know their kids are safe and their lives are being enriched. They will pay for activities that meet these requirements and improve the learning, development and health of their children. They’ll spend money on activities and programs that provide value.
It makes for a great market for your franchise.
There are many options for a kids fitness business. This could include dance classes, sports training, leagues or a gym. It could be a sports camp or a curated fitness program for children of different ages and abilities. It could also simply be a safe play space for kids.
As you review your options, consider the requirements, limitations, and potential problems you might find with your new business. Will you need a brick and mortar location? Is it a seasonal activity? Is there a way to market and grow the business? What potential sources of revenue are out there?
These answers can provide guidance as you consider your options.
When it comes to getting a fresh start in life, a kids fitness franchise is an excellent option. It offers a low- cost, low-overhead model, a ready and identifiable market, and growing demand.
Plus, if you love working with kids there may be no better business to own.
You may be wondering if you can make it work. Do you have what it takes to succeed with a kids fitness franchise?
It’s a good question. Owning a franchise in kids fitness isn’t for everyone. We’ve worked with many franchise owners who have found incredible success with their business.
Here are some of the characteristics we’ve seen in many of the best owners we’ve worked with:
✔ ORGANIZATION: There’s a lot to do with a business – managing employees, working with kids, marketing, generating new business, and handling paperwork. It takes organization to juggle so many demands.
✔ INTERPERSONAL SKILLS: Most businesses are relationship-driven. You must be able to quickly establish a rapport with a wide variety of people. The ability to adjust your style to communicate effectively is important.
✔ POSITIVE AND OPTIMISTIC: To sell being happy and healthy, you must portray being happy and healthy. To be successful, you’ll need an abundance of smiles, a genuine interest in others, and a patient appreciation of everyone’s value.
✔ RISK-TOLERANT: Any new business has the potential to start slow, have setbacks, and possibly even fail. You’ll need to manage risk.
✔ RESILIENCE: Owning a business isn’t easy. There will be challenges and problems to overcome, like being told no sometimes. You need to have the strength to overcome problems.
✔ ENERGETIC: This business is an active one.You’re working with kids, so you need to move. You need to have energy, often just like a child.
✔ ASSERTIVE AND DECISIVE: You won’t always have someone to tell you what to do next. When a decision needs to be made, you need to make it. Be willing to fail as a way to learn.
You may feel great about some of these characteristics. Others might make you nervous, and that’s okay. All owners need to grow into their new role. Sometimes what you think is your greatest weakness turns out to be your greatest strength.
Every potential franchisee and business owner is looking for something different.
That means it can be difficult to define success when it comes to owning and managing a kids fitness franchise.
Before purchasing a franchise and starting your new life, you should take time to define success. What are you looking for in life and a new career? What benchmarks can you set as you strive for your goals?
Once you take the time to really define what you want, you’ll be able to determine if owning a franchise is right for you. You’ll be able to make confident decisions toward reaching your goals.
Let’s take a look at some of the advantages and benefits franchisees have expressed to us about their new life:
✔ WORK/LIFE BALANCE: Many owners tell us that they no longer have to sacrifice valuable time with their family. They have more control over when and how they spend their time.
✔ BEING THE BOSS: When you own a business, you are the boss. You are in control of the direction of the business, which is an advantage that shouldn’t be understated.
✔ REVENUE: You have some control over the revenue stream, so you can make the money you want depending on the time and effort you put in.
✔ TOOLS AND RESOURCES: There are many resources available through the franchise that you can leverage for your business. This includes software applications, marketing collateral, additional training and more.
✔ GROWTH OPPORTUNITIES: Working with other franchisee peers and the franchise corporate staff provides excellent opportunities for system improvement and growth. You’re never truly in it alone. You have a support group when you need it (and we all do sometimes).
✔ EXPENSES: With some kids fitness franchise models, you can control your expenses to increase profitability. Carefully managing money helps keep your franchise profitable.
Keep in mind, owning a franchise can be very fulfilling but everyone will have a different experience. Your experience, and the benefits you find as a franchise owner may be very different than the ones we’ve listed here.
Whenever we start a new project or a new phase in life, it’s only natural to imagine how your life will change. You may be wondering what a typical work day is like.
If you take the time to talk to our franchisees, you’ll quickly discover every day is different. It is never boring and always fulfilling, and you need to be willing to put in the work to find success.
A Typical Day as an OwnerMany of our owners start the day with office work. That means checking messages, reviewing email, planning and setting a schedule.
Next, many owners will spend time teaching or working with kids. They will also work with their coaches, helping them succeed and ensuring a positive experience for customers. According to many owners, this is the most exciting and fulfilling part of the day.
The afternoon is back to administrative and office work. This could include marketing, accounting, or human resources. Some owners devote time in the afternoon to growing the business by meeting new prospects, business meetings, or looking for potential new clients.
Not every day will look like this. In fact, many owners say there is no such thing as a typical day, which is a benefit for many franchise owners.
A kids fitness business requires a very hands-on owner. Working with kids, collaborating with parents and coaches, and building relationships in the community are the foundation of a successful business. As an owner, you’ll need to be available for many of these tasks.
Some franchise opportunities don’t require much owner involvement, but a kids fitness franchise does. You’ll need to love what you do.
There is an application and screening process at the start of the path to ownership. The franchisor will investigate your region and market to ensure it is viable for a franchise – helping prepare you for success as a business.
Next is a Discovery Day.You’ll meet the franchisor team, observe a JumpBunch class, and receive a demo of the systems. You’ll get a first-hand taste of what it’s like to own a franchise. You’ll also have the opportunity to directly ask questions and hopefully get the answers you need. The goal is to make sure you have all the information you need to make the decision that’s right for you.
Next, there will be training and additional start-up activities.The training will cover everything you need to know about the business. They’ll review the processes and systems involved, and how to handle day-to-day tasks. You’ll learn how to manage your business, and how the program works – how to work with parents, kids, coaches and other partner companies.
Getting a Jump Start on Your New LifeFor JumpBunch, training includes our class management software and E-Learning platform. You’ll also have access to a private intranet where you can collaborate and download resources. You’ll get professional marketing material like brochures, direct mail, and other marketing tools.
Talking to the other franchise owners is a great way to get help and insider tips from successful owners who have been in the same place you are now. They can tell you what works and what doesn’t, and give you the encouragement and support you need. These resources are available all the time, and we encourage you to reach out whenever you have a question.
At this point, you have everything you need. You just need to get out there and start! Looking for more help or information on getting started?
We have a great resource with five excellent marketing tips. If you use the tools and get out in the community so people know the excellent service and solution you offer, you’ll have your first sale in no time at all.
Hopefully, we’ve answered some of the questions you have about owning a children’s fitness franchise business.
It may not be easy, but for many it is the most fulfilling change they’ve ever made in their life. It’s provided them the challenges, freedom and purpose they needed.It’s the reboot they were looking for in their life.
If you are interested in learning more and want to see if the JumpBunch kids fitness franchise is right for you, then contact us today. JumpBunch offers one of the lowest cost franchise fees and low overhead costs.
We’re also one of the top-rated child service franchises according to Franchise Business Review. They frequently conduct independent surveys of our owners, and JumpBunch consistently ranks extremely well – perhaps the highest in the industry. Our owners are very happy with their business!
Again, if you have any questions or would like to learn more, then reach out to us now! Don’t wait to start rebooting your life.
For more information, make sure to stop by our JumpBunch Business Insight Blog for industry news. business tips, insider insights and more. Here are a few of our latest blogs:
