Updated: Feb 27, 2019
Am I Qualified To Own A Mold Remediation Franchise?
Individuals considering owning a mold & bio remediation franchise might be asking themselves, Am I ready? Am I good enough? Am I qualified? And other variations of these questions that aim to try to somehow define what is "enough." Whether it is rooted in self doubt or genuine concern for realistic expectations, getting over the, "Am I ready?" can be difficult. Mainly because there isn't a definitive "yes" or "no" to the question.
At the end of the day, no one will ever be 100% ready, prepared and qualified to own a business or buy a franchise. It is not a finite checklist that you complete and be done with. Being a business or franchise owner is a fluid process. There will always be more skills to learn, experiences to gain, more knowledge to acquire, more networking to do, more training to complete and so much more to do.
With that being said, while no one may ever be 100% ready to own a mold remediation franchise, you do need to make sure you are in the right head space and prepared to take on whatever may come your way. Owning a franchise is a large endeavor and will require a great deal of hard work, ingenuity and perseverance. Here are some things to consider if you are thinking of buying a mold removal franchise:
1. Am I Willing To Get My Hands Dirty?
It is undeniable that being an entrepreneur is an exciting endeavor. Being a franchise owner means building your own business, being your own boss, developing a strong team and exploring new and exciting business strategies and marketing plans. As exciting as being a mold remediation franchisee may be, it can be equally challenging, mundane and actually dirty. Fact of the matter is, a lot of your days as a mold removal franchise owner may be unexciting, tedious and littered with manual work rather exploring innovative marketing strategies or managing people.
As a franchisee, you will need to take on various roles and be personally responsible for countless tasks. In the beginning, you might need to roll up your sleeves and manually research leads, personally reply to customer service emails, write your own blog posts and possibly get in the field for inspections and remediations. These tasks are necessary to build a successful franchise. Franchisees will need to hustle and do whatever it takes to develop a successful business.
2. Do I Understand The Risks Involved?
No, you will likely never be 100% ready to be a mold franchise owner. Yes, there will always be risks involved with business ownership. It is inevitable, but that does not mean you can't educate yourself and arm yourself with some knowledge regarding the possible risks involved with franchise ownership. Before you just dive on into the franchise pool, do some research. You may already be aware of some of the more obvious risks (i.e.: losing your capital investment, losing your current job, running into legal problems, etc.); however, you may discover more risks than you ever expected. You should consider chatting with existing franchisees to learn about their experiences and challenges.
If you are uncertain of whether or not you are ready to invest in your own franchise, take the time to review the possible risks. If you fully understand the risks and are prepared to take these risks and accept these responsibilities, you might be on the right track to mold & bio remediation franchise ownership.
3. Am I Open To Learning & Adapting?
While exciting, franchise ownership will be challenging. Things won't always go according to plan, no matter how much preparing you do. Being a mold remediation franchise business owner means needing to adapt and learn at any given moment. The mold & bio remediation industry, like any industry, is constantly evolving. There will always be more learning opportunities and more training opportunities. It is important that franchisees are open to learning new skills, techniques and business strategies. As scientists learn more about mold and experts create more remediation technologies, you have to open to exploring them. You do not have to try every machine on the market or test every chemical available-- BUT you should always do your research, collect information and experiences from fellow franchisees and be open to possibly changing things up as needed.
In business, issues will arise. It is your job as the owner to be prepared to react and adapt to change at any given moment. It is important that our team is trained to deviate from plan when necessary. As a franchisee, you need to learn to focus on controlling the controllables and learn to react to the uncontrollable in an appropriate and effective way. Some challenges will be inevitable, and all you can do it be ready to adapt.
4. Do I Have a Full Support System?
Behind every franchise owner, there is a full support system of friends, family and loved ones. Yes, as the owner, you will ultimately be the only person making decisions at the top. However, you will need friends, family members, mentors and resources available to guide you through some of the toughest decisions and be there to catch you should you fall. This could mean financial support, physical support or emotional support. Franchise ownership is a journey, and you shouldn't travel alone.
By support system, we do not just mean direct support for the franchise business. It could mean anything that might alleviate stress from any aspect of your life so you can focus your attention on the franchise. This might include a spouse quitting a job to raise the kids to save on child care and so you can focus on building the franchise business. It could just mean someone is there to listen should you need a third party opinion about an issue. Bottom line, you need people by your side to make things just a little more manageable when things get tough.
5. Do I Know What Is Important To Me?
Simple enough question right? Not always. Truth of the matter is, some people may go a whole lifetime without ever truly identifying what is actually important to them. Some things may be seemingly important at the surface, but sometimes, if you dig a little deep, you might come to find out that it never really mattered that much to you. Or perhaps, your perception of something seemingly important might have been skewed to begin with.
For some, being their own boss might seem to mean something but ends up being something that is unfulfilling when they actually attain that position. If you are considering becoming a franchisee, you need to take a really close look at your motivation behind your desire for franchise ownership. Are they rooted in perceptions you have about how great business ownership is? Or are they more focused on what you truly want out of life? It can be difficult to determine the difference, but you have to be really honest with yourself.
Owning a mold & bio remediation franchise is a major undertaking and it may seem like there is a whole laundry list of requirements to check off before you can consider yourself "ready" to be a franchise owner. However, in some cases, if you are waiting to be "ready" to be a business owner, you may be waiting forever. At the end of the day, there is no such thing as 100% ready.
If you think investing in a mold & bio remediation franchise might be the right move for you, you should consider joining the Mastertech Family! The experts at Mastertech Franchise Systems have used years of industry experience and knowledge to develop sales, marketing and operations systems that will drive your franchise to success. Our proven mold remediation franchising system get you up and running - and profitable - FAST!