THE READY BUSINESS PODCAST: Start running a business for yourself – but not by yourself
Is franchising right for you? On this week's show, Brian Purcell speaks to three experts about what it takes to start a business career with a franchise.
Caroline Wallace of The Zip Yard and David McKone from RightatHome.ie discuss their franchise success stories while David Killeen of the Irish Franchise Association gives his advice on next steps.
“I’ve never known anything but franchising,” explains Caroline Wallace. “My Dad, Don, started his first franchise when I was eight and Recognition Express is still going strong, despite the downturn.
“During the Recession we knew we had to find something new and we found it in the Zip Yard. I had a passion to succeed and to make it work because I wanted to make this a success on my own. We now have 26 stores, 150 people and an annual turnover of €6m.”
What’s important isn’t knowledge or experience in the franchise sector, but rather a hunger and appetite to succeed and to work in partnership with the franchisor.
“I’m looking for people with drive and determination to make the business a success. It is like a partnership,” says David McKone. “You're not buying a job with a franchise, you're buying a business. It's a big commitment. You’re running a business for yourself – but not by yourself.”
“The first question to ask yourself is: is franchising right for me?” says David Killeen. “Some people can be too entrepreneurial for franchising- you have to be able to work within the structures and guidance for that particular franchise.”
Also, take a listen to Caroline Wallace of The Zip Yard, David McKone of RightatHome.ie, and David Killeen's tips for franchising success:
You can check out the full Ready Business Podcast series here.