We always recommend that you think about your exit strategy before you go into your new Franchise.

Some people choose their Franchise to take them all the way into retirement… and beyond. But others wish to use Franchising as a stepping stone.

It may be that you just want the confidence to start your own business and choose to use Franchising as a way to put your toe in the water, see if owning a business suits you and to learn everything you need to know about starting or running your own in the future.

Buying a Franchise can be like having training wheels. The proven system is all in place and you have all the mentoring you need to keep you on track. You may wish to have your franchise for 1, 2 or 5 years, build it up and sell it for a good profit.

Other people start with the big picture in mind. They choose a Franchise company that they know they want to take long into the future. They start with one Franchise, build it to two, three, five or more. In this way they are getting the leverage they crave by putting managers in place. Then they can literally step out and spend more time on the golf course, and can spend more time working “on” their business and not “in” their business.

If you start with the end in mind, you’ll have more focused goals and more chance of getting to where you want your Franchise to take you.