Things to consider when thinking about buying a Franchise

From Rhiannon Simcocks, CEO James Home Services Australia

Jumping into the world of small business ownership is daunting at the best of times. It’s likely one of the biggest decisions you’ll ever make in life; it’s up there with buying a house, getting married and starting a family. There’s so much to consider, so much to learn, so much to ask and so much information to wade through. It can be overwhelming. If you’re feeling this, you’re not alone.

I recently sat down with Jackson Milan, The Wealth Coach as a guest on his podcast, The Financial Freedom Secrets Show. The topic of conversation… all things franchising, small business ownership, financial freedom secrets, the perception of the franchising industry and steering our company with a strong moral compass into the future.

We talked in depth about how to succeed in the home services sector and in the face of all the challenges we face as we head into 2023. We talked about the negative perception of franchising and how the stories of a handful is not representative of an industry and we talked about the key things you should look for when considering a franchise network.

Whether you’re just starting your ‘thinking about buying a business or a franchise’ process, or if you’re somewhere in the middle of it and feeling overwhelmed by the information, options and sales pitches, then I highly recommend giving this podcast a listen.

James Home Services Australia offers cleaning and lawn mowing franchising across Australia through our innovative, Australian-first subscription model. Pay just $1000 upfront, then from $100 per week or $125 per week if we provide your equipment for an interior cleaning business. *Figures quoted are subject to GST.