Mitchel and Stephanie Cox are providing business brokerage services with Transworld Business Advisors of Milwaukee,…
For many people around the country, owning a franchise is more than a business opportunity. For them, it’s a way to achieve financial independence and get a slice of the American dream. Owning a franchise and running it on a day-to-day basis isn’t the only way to get your piece of the pie, though.
Franchise brokerage, where you actually work with franchise sellers and buyers, is another option that’s ideal for many people. If you’re looking for a work opportunity or a way to build a business a husband and wife team can run, franchise brokerage may be an ideal option.
Keep reading to learn more about the benefits of franchise brokerage and why it’s an excellent business opportunity for a couple that wants to work together to build a secure financial future for themselves and their family.
Double the Leads
A major part of running a franchise brokerage business is meeting people who may be interested in purchasing a franchise. It stands to reason that working as a couple would double the amount of leads you can generate, right?
As a husband and wife team, you likely have exposure to different groups of people. The more people you can talk to about franchise opportunities, the more likely you will be to find the right business opportunity for buyers and make lucrative sales.
The Couple’s Touch
Another great benefit of forming a franchise brokerage team as a couple is that you may have a different approach than single men or women who are trying to sell franchises. The fact is that many couples who have built other business—or couples who want to get out of the corporate rat race—look for a business opportunity like a franchise together.
As a couple trying to fit potential franchise buyers with sellers, you may connect in a different way with those new franchisees. For many, buying a franchise is all about security and freedom.
Since you’re already involved in the franchise business, you may be able to persuade buyers just by example alone. You may also find that it’s easier to navigate the emotional and financial needs of a couple when you’re working with your partner.
After all, finding the right franchise business opportunity for a potential buyer is all about understanding what they want and need in a business.
You Can Split Tasks
As you build your franchise brokerage business, you may find that the daily tasks of operation are better done by one person or the other. For example, one person may be great at interfacing with clients but not so good with the numbers and paperwork.
That sort of delegation can actually be a very good thing for a couple working as a franchise brokerage team. Trying to find and meet with clients, while handling the more delicate paperwork and finances, can be a bit like burning the candle at both ends.
When there are two people working together, you may find that there’s a natural balance of work that makes sense for both parties. That can help your business be more efficient so you can make more sales and feel less burned out at the end of the week.
Contact Transworld for More Information
Being a franchise broker isn’t always an easy job, but when you have a partner, some of the daily tasks can become simpler. Working with somebody you love and trust can make the job easier and help you turn your skills and teamwork into financial independence. Become a franchise broker with Transworld and find out how you can reap the benefits today!