5 Ways We Support Our Partners: Franchise Broker Training and Beyond

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Franchise broker training is just one of the many supports you can look forward to when you become a Transworld franchisee. Our franchisees come from many different backgrounds, but they have Transworld in common. It’s our mission to help all of our franchisees succeed, so we work to help them grow their businesses. Here, check out just a few of the ways we do that.

1. Marketing Assistance

You need to market your business as a strategical way to find customers in your territory, and Transworld has decades of experience doing just that. We’ve developed a cache of ready-made marketing materials that greatly simplify the process of advertising your services. Our team will guide you when disseminating them in your local media channels. On the corporate side, we also strive to promote the Transworld brand and strengthen our reputation nationally. These strategies, when taken together, are a great way to catch the attention of your target customers.

2. Franchise Broker Training

No experience in business brokerage or franchise development? No problem. Our team provides you with comprehensive franchise broker training so you can break into this lucrative field. Through a combination of in-person and online methodologies, you’ll learn about topics like:

How to connect with clients in your area
How to find and vet prospective business buyers
How to help business owners convert to franchising
How to help franchisors maximize their programs
And much more

By the time your training concludes, you should feel confident and ready to start serving the businesses in your community. Of course, our team is always here to answer your questions or help you overcome obstacles.

3. Professional Development

The business landscape is always evolving, so the end of your franchise broker training doesn’t mean the end of your education. You can count on Transworld to provide you with professional development as new best practices take shape or simply to keep you sharp on our existing processes.

4. Business Coaching

While Transworld franchisees act as business coaches in many respects, they also need coaching from time to time! Because Transworld has been in business since 1979, we’ve learned a few things about what makes for a successful location. Our team will be there to give you advice and provide you with strategies to grow your business and meet your goals.

5. Research & Development

Independent owners often don’t have much time for research and development. However, breaking down industry trends is the most prudent way owners can evaluate their services and ensure they’re offering the right ones. Transworld researches the business brokerage and franchise industries regularly to ensure that we’re offering in-demand services that meet current demands. We pass those findings onto our franchisees in various ways, helping them keep their businesses strong.

Contact Transworld today to learn more about the many ways we support our franchisees.

Frequently Asked Questions

How many business brokers are there in the United States?

Industry estimates place the number of active business brokers at roughly 18,000 across the country. With approximately 33 million small businesses operating in the U.S., that ratio leaves significant room for additional brokers in most markets. Compare that to real estate, where the agent-to-homeowner ratio is dramatically higher.

Why is demand for business brokers increasing?

The primary driver is the retirement of baby boomer business owners, who own a large share of the country’s small and mid-sized companies. Combined with growing interest from younger buyers looking to acquire rather than start businesses, and the increasing complexity of business transactions, the need for qualified brokers continues to grow.

Is it hard to break into business brokerage as a new broker?

The learning curve is real, and building a client base takes time in any relationship-driven profession. However, the barrier to entry is low compared to many other professional careers. Training programs, franchise systems, and industry certifications can accelerate the process significantly. The brokers who commit to building their networks and learning the craft tend to see results within their first year.

Does joining a franchise help in a competitive market?

Yes. Franchise systems provide training, brand recognition, technology, and referral networks that independent brokers typically spend years developing on their own. Transworld Business Advisors franchisees also benefit from multiple revenue streams and access to a global network of over 1,000 brokers. To learn more about the opportunity, request information here.