The transition from the corporate world to franchise ownership might seem like a significant leap, but it’s happening more than you might think. Franchising offers several qualities that can resonate with executives and other professionals from corporate backgrounds, helping make it an appealing career move.

If you are considering stepping away from your executive role and into owning your own franchise business, this post will help cover some of the reasons why that may be the right choice for you, including:

HOW CAN FORMER EXECUTIVES LEVERAGE THEIR EXISTING SKILLS IN A FRANCHISING ROLE?

Those with a corporate executive background may embrace franchise ownership because they can tap into the skills they’ve already mastered in previous roles. Whether it’s strategic planning, market analysis, having strong communication skills, goal setting, or leading a team, having these hard and soft skills can help provide a solid foundation for becoming a successful franchise owner.

READ MORE: 5 Skills to Strengthen as a Franchisee

Even though it is a franchise myth that you must have business or industry experience to become a franchisee, having these transferable skills is still valuable. Former executives, in particular, can leverage these skills in their new roles as franchise owners.

WHY DO FORMER EXECUTIVES WHO VALUE WORK-LIFE BALANCE TURN TO FRANCHISING?

Did you know burnout is at an all-time high? According to recent data, 66% of American employees are experiencing some form of burnout. Among those at an executive level, 53% of managers have reported feeling burned out at work, and 71% of CEOs at small to mid-sized firms have reported that they’ve occasionally felt burnout. While there can be several reasons why this occurs, problems with work-life balance and a lack of support can be potential causes.

One of the appealing aspects of investing in a franchise business, and why former executives may embrace this new role, is that it can offer a work-life balance. Although franchising often requires a significant time investment, especially in the beginning as you get the ball rolling and develop systems that work best for the business, the role can gradually evolve into a more manageable workload.

READ MORE: What to Expect the First Year Your Franchise is Open

Many franchise owners discover that once they have established their team and can delegate responsibilities, they can enjoy greater flexibility. Compared to the corporate world, where schedules may be more demanding, franchising can offer a more adaptable lifestyle.

Additionally, franchising offers several ownership models. Some former executives may choose to invest as a semi-absentee or absentee franchisee, which requires less time involvement than an owner-operator role, resulting in an even greater work-life balance.

HOW CAN FORMER EXECUTIVES OWN THEIR OWN BUSINESS WITHOUT STARTING FROM SCRATCH?

Launching your own business after building a corporate career for years can feel like a large undertaking. Despite the appeal of being your own boss, you may not want to take the risk and start from square one. That’s why franchising can be such a valuable option, as it can allow those who seek autonomy in a career to pursue a business opportunity with the support of an established brand.

Franchisees follow the proven business model that the franchisor has developed, which allows them to bypass much of the initial work required to get a business off the ground. They gain access to the branding that has already generated customer recognition, supplier relationships, training and support, and marketing, allowing franchisees to focus on growing their business to become successful rather than starting from scratch.

READ MORE: What Kind of Support Can You Expect as a Dogtopia Franchisee?

For executives who are used to working within a structured organization, the franchising setup can be a bit familiar, but also more appealing because it combines the benefits of an established framework with the independence of business ownership.

FRANCHISING WITH DOGTOPIA

Are you a former executive interested in entering the booming pet industry with Dogtopia, the leading dog daycare franchise? Our business model supports several types of people, including the corporate refugee/displaced executive with a corporate executive background.

Find out why Dogtopia stands out by reviewing our differentiators page, and check out our FAQ to learn more about this opportunity. Ready for the next step? Please fill out our convenient online inquiry form.

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