How Opening a Franchise Creates Jobs & Boosts the Economy

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The franchise industry continuously outperforms traditional private businesses and it consistently boosts economic activity in the form of employment. Opening a franchise not only contributes goods and services to the economy, but it also provides jobs and employment to the workforce in your community.

New Jobs

Cities and unemployment rates are still trying to recover from the most recent recession, and franchises are helping fill that gap by providing new jobs. In 2015, franchise businesses added 376,000 jobs and franchise restaurants added 215,000 food service positions. When you hire locals looking for work in your restaurant franchise, you create a positive impact on employment in your area.

Jobs Mean Growth

Franchises are creating jobs at a growth rate of .4 – .5% higher than private employers which indicate a strong franchise industry. Such development can also mean success in terms of future sales and opportunities for higher wages. Take advantage of this profitable growth by joining the franchise family of Bruges Waffles and Frites which has already done the hard work of establishing a recognizable and trusted brand.

Funding For Franchising is Becoming More Accessible

With small businesses and franchises creating 60-80% of new jobs in the last ten years, increasing lending to franchise owners is on the government’s radar. Franchise businesses are poised to lead the economy into recovery, and proposals are being made to increase lending caps and loan dollar amounts, establish market-based loan pricing models, and preserve funds solely for business start-up and expansion.

Contribute to the economy and provide local employment by opening up your own franchise. Find out more information today about how you can open your own Bruges Waffles and Frites franchise with little to no experience at an affordable start-up rate.

 

Don’t Just Build a Culture, Build a Family – Tips To Build the Culture of Your Franchise

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Creating and maintaining a strong culture based on the values, principles, and mission of your franchise is a strong tool to instill a sense of purpose and inspiration for your employees. These tips can help you build a company culture that transforms your business into a family.

It All Starts with a Charismatic Leader

Franchise leaders set the tone for all franchisees and employees. Set the example for the culture you want to create within your franchise through every interaction you have with your employees. Articulate the philosophy in every visit, every speech, and every letter you share with your staff and they will have the confidence to follow in your footsteps.

There is No Mission without a Mission Statement

Create a mission statement that captures every essence of your organization and make it known in every store through training, documentation, and even decorations on the wall. Make it fun, make it factual, and make it speak to the feelings you want to cultivate from within and spread to the public.

Put “Family” First

Cultural fit of your franchisees and employees is so important to the success of your business. Build a culture around positive and agreeing ideals; one toxic person could ruin the whole atmosphere. When you join Bruges Waffles and Frites you join a warm and welcoming family dedicated to the community both internally and externally.

It Starts with Training and Never Ends

Effective franchises begin imparting these cultural expectations on the first day of training. Use this opportunity to begin your franchise by conveying a strong message about your company culture through relatable stories and unforgettable legends. Train your franchise network to be more than a bunch of people using a common brand like the training you receive when joining Bruges.

Set the cultural tone and continually communicate that culture in every action you take and express it to every partner with whom you collaborate. Give your employees a purpose through fulfillment and recognition and they will give back to your franchise and the community tenfold. To learn more about starting your own franchise family, visit Bruges Waffles and Frites.

 

Own a Franchise in 7 Simple Steps

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Owning a franchise can be a fun and rewarding business opportunity and with so many franchise options, getting started is easier than ever. Review these steps to owning a franchise to see if this avenue is right for you.

1. Weigh Pros and Cons

Opening a franchise in your area can come with its own set of advantages and disadvantages, consider them all before making your decision to pursue franchise ownership.

Pros: Things like demand of product, prestige of franchisor, unique offerings, affordable startup, included training, strong branding, and a collaborative culture may exist for certain food franchises such as Bruges.

Cons: Be prepared to consider high initial startup costs from franchises. Possible challenges include zoning and code compliance issues, employee turnover, lower than expected profit margins, and long hour commitments that affect your quality of life.

2. Do Your Research

Once you’ve narrowed your search to 3 franchises you’re seriously interested in, contact the franchisor to request the Franchise Disclosure Document. This packet includes all information about the financial and legal history of the company, as well as all the rules, responsibilities, and fees you’ll face as a franchisee.

3. Attend Discovery Day

You will be invited to meet face-to-face with the franchisor at their corporate office in order for them to pitch you their franchise and also to size you up as a potential franchisee. Get to know the company’s style and culture to determine if their franchise is a good fit for you. They will also be evaluating your prospective partnership in terms of your commitment, enthusiasm, qualifications, and capital to invest.

4. Seek Feedback and Advice

Before accepting an offer from a franchisor, reach out to other franchisees. Having a supportive network of franchisees who are all satisfied and happy with their franchise and the services they receive from the company is a sign of a good investment. Seek advice from an attorney in regards to the franchise agreement. Make sure all franchisor promises from Discovery Day are clearly outlined in the contract.

5. Find A Location

Location of your franchise may be a deciding factor when considering a franchisor’s offer. Ask your franchisor for guidance on predicted successful locations and review all requirements concerning your location. Square footage, parking space, and proximity to other franchises may all limit your location options.

6. Secure Funding

Finances must be in order before you sign that agreement. Funding options can range from direct funding through the franchisor or franchisor partner to small business or traditional bank loans. Visit Bruges for questions regarding financing options of your waffles and frites franchise.

7. Sign

Once you have a location in mind and your financing is secured, sign the franchise agreement and begin creating your business. The franchisor will provide all necessary training to get you started and prepared for opening day.

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If you are looking to open a franchise in a profitable and ever-growing industry, learn more about joining the Bruges Waffles and Frites family.