When it comes to owning an Executive Franchise, we believe that this quote resonates. “If you are trying to create a company, it is like baking a cake. You have to have all the ingredients in the right proportion.” Elon Musk.
Opening any new business can be a risky proposition. All the elements need to be in place, and if they are not success, is a challenge. That is why owning an executive franchise can make a lot of sense. An executive franchise, or a B2B franchise, provides easier set up than if you were starting a business from scratch. Pursuing a franchise path can dramatically lower risk for a new business owner and entrepreneur.
Why Executive Franchise Opportunities Make Sense
There are many reasons why it is a good decision to connect with a franchisor to start a business. Branding and recognition are two things that comes with joining an already established entity. The company a franchisee may join might have a name that people recognize, which will be a big help, …but even if they do not, being part of a larger entity will provide credibility when speaking to potential customers. Being part of a larger entity also means you will likely be able to tap into other franchisees for collaboration, insight, and even commercial activity. This is certainly the case with our model and our franchisees are Managing Partners in our business.
Executive Franchising Business Advantages
Standardized systems and processes are additional reasons why new business owners may want to pursue the franchising route. Franchisors can offer joint marketing and promotion that an executive can tap into and launch a new venture with quickly. They also will offer IT and other HQ support which will look and feel a lot like the support executives are accustomed to in a corporate environment.
Why Would Owning an Executive Franchise be for you?
If an executive looking for a fresh start and a new venture possesses people skills and business skills owning an executive franchise will be an easy transition. Executive franchise opportunities can also be an excellent option because some, Valenta included, offer a lot of flexibility. For example, at Valenta a business owner can choose to employ staff or not. Many people looking at new businesses do not want the burden of hiring staff. However, others want to hire staff, so they do not need to do the work of the business. Executive franchises can offer both, they can be a solopreneur or not. Finally, executive franchise opportunities can also offer new business owners the option of having a brick and mortar location or being virtual.
What Types of Executive Franchise Opportunities Are There?
There are a ton a different franchise businesses out there. There is a business for everyone in a franchise model. When it comes to executive franchising businesses, they are typically a B2B franchise. Some common services offered include coaching, financial services, legal services, insurance, and tax preparation, but there are many more. Others closer to what we do include consultancy, recruiting and IT. At Valenta our main services center around staff augmentation, digital transformation, IT, consulting, and training.
What Do You Need to Succeed in an Executive Franchising Business
Success is never guaranteed but working with a franchisor can greatly improve the odds and be a great launch pad for success. A potential franchisee should have some skills and aptitudes to help ensure success. First, they should be able to succeed in a B2B environment and have a background here. They should also be able to speak comfortably with other business owners and C-Level staff. New entrepreneurs should have some level of business development experience and also be technology literate. So much of what happens today is driven by technology, successful business owners need to be comfortable with it. That said, our franchisees don’t need to be experts. We have people for that, and that comes with the franchise! A service attitude and wanting to solve problems for other businesses is also key as are good communication skills.
Valenta Executive Franchising Business
If you are looking at owning an executive franchise, Valenta could be an excellent business opportunity for you. We will allow you to be your own boss and work for yourself, but not by yourself. The Valenta franchise model is unique whereas a Franchisee you join as a Managing Partner. As the owner of an executive franchise, you are able to provide a wide variety of services to your clients. Franchisee Managing Partners work on building their book of business, recurring revenue, and serving their clients. One of the advantages of being a franchisee is that you do not have to handle every detail or provide all the services your clients require. Valenta delivers the operations, while Managing Partners focus on client relationships, customer satisfaction and new business acquisition.
About Valenta
Valenta is a consulting business at its core. Our consulting conversations lead to discussions where we provide staff augmentation, software integration, digital automation plus learning and training programs. Valenta focuses on helping our clients have time for what they do best and their core mission. We do this through process consulting, the automation of tasks, and virtual staffing and outsourcing. Valenta is focused most on SMB customers with 10 to 1,000 employees. Although we have customers with more and less than these amounts. We believe SMBs should benefit just as much from these services as large enterprises and the Fortune 1000 have. We are convinced that bringing on board enthusiastic franchise partners is the best way to serve them.
To learn more about acquiring a franchise and Valenta Partnership please schedule a meeting with one of our Managing Directors here.
