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Business Owner or Franchisee – Which One Will Be Better for You?

Business Owner or Franchisee – Which One Will Be Better for You?

“When you invest in a franchise, you’ve got a much greater degree of success ahead of you than if you invest in your own business.”

On today’s episode, we have an exciting conversation with Samantha Acton, the Founder of Domestic Angels, about the pros and cons of being a business owner versus a franchisee. So, what’s the difference between the two? A franchise is a business in a box providing everything you need to get started, from recruitment processes to social media strategies. With a franchise, you’ll receive all the necessary training to manage your staff, attract clients, and handle bookkeeping and accountancy. Once you complete training, you can hit the ground running and start making money immediately. On the other hand, if you decide to start a business from scratch, it can take several years to develop and refine all the necessary processes.

Samantha strongly advocates franchising, although she wants to clarify that it’s not a simple, effortless solution. It requires hard work and dedication, but the potential for success is significantly higher. The initial investment for a franchise is often lower than starting a business from scratch. Unfortunately, franchising is often misunderstood and viewed negatively, and Samantha hopes to dispel these myths so that more people can consider this path and increase their chances of success. Stay tuned for more valuable insights.

Key Highlights

[00:00:06] Introduction to today’s guest and topic: Samantha Acton talking about Business Owner or Franchisee – Which One is Better for You?

[00:01:19] Difference between a franchisee and a business owner

[00:01:58] How Samantha began her business

[00:03:07] What Domestic Angels does

[00:04:15] Did Samantha want to run a business while growing up?

[00:06:35] Difference between launching a franchise and launching a business from scratch

[00:11:26] A pilot agreement when starting a franchise

[00:13:10] A typical week for a franchisee

[00:14:17] Chasing the invoices

[00:19:03] Being creative with a franchise

[00:20:32] Social media accounts for a franchise

[00:22:28] How long Samantha’s franchisees have been with her

[00:23:52] Investing in a franchise

[00:25:47] The process of getting signed up at Domestic Angels

Notable Quotes

  • Being resourceful and resilient is what you do to get through life – to get your foot on the ladder, to buy your first property, to be able to pay the nursery fees, to be then able to be at home with your kids and generate some sort of income at the same time.
  • When you get the franchise, the crucial thing you do is remove the risk because the business model is already proven, has already been run, and has shown to be successful.
  • We are very supportive of each other, and it’s in our interest to ensure we all succeed. We’re just incredibly feminine, and we all lift each other up.
  • It’s about working out what suits you. Yes, you have to make yourself available, but you can flex it, manoeuvre it, and keep it under control to make time for other activities.
  • I want to allow people to grow, but I also want them to influence the contents of the franchise box. I want them to expand and enjoy business as much as I do.
  • I’m not trying to say that a franchise is a walk in the park; it’s not. You have to put the effort in, but your chances of success are much greater, and there is a very good chance that the initial investment will ultimately be much less than what you would’ve shelled out had you started your own business.
  • I need to know that whoever I’m talking to will be a good franchisee who fits with the family. It’s not in my interest for people to fail, it really isn’t, but I’ve worked so hard to get this far, and I don’t just want to bring everybody on; it’s got to be the right people.
  • I know franchising is often misunderstood and misperceived, and we need to bust that myth so that more people can look into it and have a greater chance of success.

Resources

Investing in Women Website: Investing in Women

To connect with Liz:

Facebook: Facebook

LinkedIn: LinkedIn

To connect with Samantha:

LinkedIn: LinkedIn

Twitter: Twitter

Facebook: Facebook

Website: Domestic Angels

Company: Paxan Solutions

Take this quick quiz to see whether a franchise business could be a good fit for you: Quiz