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Questions to Ask Yourself if You’re Considering Business Ownership

Some of life’s biggest decisions come with big changes, and a career switch is no exception to the rule. There’s always that feeling of doubt inside of us asking “What if this doesn’t work out” or “Is this the right move for me?”

If you’ve ever asked yourself these questions, you’ve probably been pondering the idea of making a big change. 

Entrepreneurship is a term many people talk about, but it’s so much more than just a trendy word. Having your own business requires hard work and sacrifice, but like everything, it also comes with many advantages. After all, being a business owner means you’re working to build something for you, not for someone else.

If you're debating whether owning a cleaning franchise is right for you, here's a list of questions to consider before making business ownership your next step.

What’s your motivation for a career change? 

Identifying the main reasons you want a career change is one of the first steps to redefining your professional future. If your response is “making extra money,” then you should consider a side hustle instead of opening a business. If you find that you’re thinking about building a legacy for your family or if you want an opportunity where you can grow as a professional while setting your schedule, then keep exploring an entrepreneurial path.

Is this the right time for a career switch? 

Being an entrepreneur is an exciting chapter in any person’s life, but it brings with it many changes. Keep in mind that to grow a business, you need to dedicate a lot of time and energy to helping it succeed. Analyze if you’re at a time in your life where you can give your business the attention it needs to meet your goals. If you can, you may be ready to make the change.

Do you know what you are good at?

Having a business means you’ll wear many hats and handle all different areas of the business. You can’t do it all, so you’ll need to be strategic about the roles you hire. Think about the areas where you might need more help. Is it marketing? Accounting? This will give you a better understanding of the team you’ll need to put in place to help your business grow rather than immersing yourself in a position you aren’t happy in.

Are you ready for the investment?

The initial investment behind a new business is different for every person. Whether you build something from the ground up or go with a cheaper franchise option, understanding how much you need to invest to make your dream a reality is important. If you don’t have all the money saved, you may need to figure out an alternative to saving, like partnering with a family friend or taking out a loan to fund your endeavor. 

Do you understand the industry you are considering? 

If you have a specific line of business in mind, take the time to study what the competition is doing, especially in the market vertical where you plan to open your business. This will help you identify areas of opportunity where you can differentiate from the competition and offer something different to your customers.

Open a Franchise with Coverall Today

If after going over this exercise you feel strongly about opening your own business, becoming the owner of a Coverall commercial cleaning franchise is a choice you need to consider. We offer top franchise opportunities for people that want to go with a trusted and recognized brand in the commercial cleaning category.  

Our team is ready to help you on this new business venture. Contact us to get started with your commercial cleaning franchise business!

Posted: 5/28/2019 12:00:00 PM by Stephen Massaro | with 0 comments