Lower risk businesses

If you are new in to business, you’ll need to ensure that you’re not diving in feet first, rather dipping your toe in the water with the lowest risk opportunity possible.

There are ways that you can ensure your business is at low risk of failure.

  1. Choose a sector where your services will be high in demand 
    Accountancy, cleaning, garden services, repairs and restoration will always be required in the fast-paced environment in which we live in
  2. Low set up costs can ensure all of your financial resource isn’t drained right away 
    Franchises are a good way at minimising set up costs as much of what is needed is included in the starter pack, and a lot of the hard work has already been done for you, such as creating and establishing a brand. Low set up costs also mean things like being able to work from a home office and no huge outlays in products, equipment or stock
  3. Speed and timing to realise your investment quicker 
    You’ll need to get your business off of the ground quickly to start realising your investment. A franchise can help you to do this with express, intensive training and a programatic launch. Timing is also important to ensure you get the maximum exposure for your new venture
  4. Locally service based 
    Service based businesses tend to stand you in a better position to succeed because you are competing locally, not nationally for customers.
  5. Consider what you enjoy and are good at 
    Your business is more likely to succeed if you are enjoy it and have the skills to operate it. Try to play on your strengths when choosing a business to make failure a very low risk when its down to your efforts

Having considered the above 5 points, you should be in a better position to choose a lower risk business opportunity.

If you need any further help on our franchise opportunity, you can call our franchise sales team on 0116 275 9005 or email them at franchisesales@servicemaster.co.uk for further help!

The ServiceMaster Podcast – Episode 5 – Managing a Contract Services Franchise

ServiceMaster Clean are one of six brands under the ServiceMaster Brands umbrella. Within ServiceMaster Clean there are three business models and one today’s podcast!

Tim chats to Lee Redfern, General Manager of ServiceMaster Clean Contract Services Leicester.

What do they chat about?

  • Lee’s role in the business
  • Set up within the franchise
  • What’s involved on a day to day basis
  • Benefits of having a commercial cleaning business
  • Future for cleaning

So if you’re wondering what it’s like having a commercial cleaning business, or more specifically a ServiceMaster Clean one, listen in today!

Take a look at our podcast on ‘Managing a ServiceMaster Clean Franchise’ HERE

For any questions surrounding our ServiceMaster Clean Contract Services franchise, or any of our other business models within ServiceMaster Clean, contact our franchise sales team on 0116 275 9005 or at franchisesales@servicemaster.co.uk

Why franchises fail

Not the usual type of post you would expect to see, but some franchises do fail. Here’s some reasons why that may happen and how you can prevent it from happening to you;

Unrealistic expectations 

It’s possible that your expectations may not have been inline with the capabilities of the franchise. This for some makes the business a regret and a failure more likely.

Insufficient funds 

A business can’t operate on thin air and sometimes a business owners funds may have run dry before they’ve even got started. Often putting strain on the business and not giving it the opportunity to grow before it is closed down.

Poor marketing 

Marketing makes the phone ring. If you don’t start, or you stop, it has a detrimental effect on your business. Marketing is often undervalued in a business, particularly when other things ‘seem’ more important.

Lack of focus 

Especially in the early days, a new business requires every bit of focus possible to get it up off of the ground. Distractions can often be to blame when a business begins to fail.

Low motivation 

In business you need to be hungry to succeed. That hunger is what drives the business forward and keeps it moving forward. Without it, the business is likely to plateau or decline.

The reasons above are some of the most common, and the best franchisors can identify franchise owners in the early stages of them to help engage and coach them back in to operating a successful business.

At ServiceMaster Clean, our franchise team are dedicated to ensuring that a ServiceMaster Clean Franchise is right for every entrepreneur. If we don’t think it is, we’ll say so.
It’s in our interests to ensure that every entrepreneur has the same opportunity to succeed.

For further information on joining our restoration services franchise, contact us here or call 0116 275 9005 for further information

The ServiceMaster PodCast! Ep 2!

ServiceMaster Clean Franchise is one brand of 6, all a part of ServiceMaster Brands.

The team at ServiceMaster Brands have launched a NEW podcast channel for you to keep up with all things ServiceMaster Brands.

Episode 2 is all about how our Franchise Sales Manager, Emma Chappell, helps to match entrepreneurs to their dream franchise to achieve their goals in business.

You can give it a watch HERE.

Emma can help with all things franchising including:

  • General information
  • Finance
  • Training
  • Suitability
  • Territory
  • Availability
  • Resales

For any enquiries, you can speak directly to Emma at 0116 275 9005 or on email at franchisesales@servicemaster.co.uk