Prospective business owners have many questions as they look to launch. Rocketzoid helps answer these questions so you can confidently move forward.
Here are a few frequently asked questions.
We always say that writing things down is the way to go – you’re not going to be able to remember everything! It also helps you to be able to prioritize your tasks so you can keep crossing things off your list.
That being said, you don’t know what you don’t know so it’s good to connect with a mentor or a community that can point you in the right direction. SongBird often works with start-ups who are figuring things out at the beginning, getting you to a strategy that will lay the foundation for success. You could also connect with a community like TorontoStarts for more general information.
Owning a small business is not just another job. It’s a totally different lifestyle. You have to ask yourself whether you’re ready for a commitment to the success of your business. As a small business owner, many business types and models require you to sacrifice personal time that you may or may not be willing to sacrifice. You will be providing collateral to raise money for the business. If you are willing to make those sacrifices, it’s time to evaluate the advantages and disadvantages of owning your own business.
You have the chance to make a lot more money than you can make working for someone else. You’ll be your own boss and make the decisions that are crucial to your business’ success or failure. You may be the boss of other people. You’ll have job security – no one can fire you. You’ll be able to benefit the local economy, such as by hiring other people to work for you. You’ll have the personal satisfaction of creating and running a successful business. You’ll have the chance to build real retirement value (for example, by selling the business when you retire). You’ll have the chance to put down roots in a community and to provide a sense of belonging and stability for your family.
You may have to take a large financial risk. You may end up spending a lot of your time attending to the details of running a business and less time on those things you really enjoy. You may have to undertake tasks you find unpleasant, such as firing someone or refusing to hire a friend or relative. You may have to learn new disciplines, such as filing and bookkeeping, inventory control, production planning, advertising and promotion, market research, and general management.
Advantage Rocketzoid: We can help you make decisions which can increase the pros and decrease the cons. You want to work from home? You want to just be an executive manager and let someone else run the daily operations? All these things are part of the advantages of using a consulting service.
Initial consultations, introductions to get additional financial or legal support, and franchise support is ALWAYS free.
Our startup business fees for non-franchising business owners are simple and are paid for as a delivered service depending on what help and assistance you need. We never charge for something you don’t really need and document all services up front so you never are surprised.
We spend hours each week researching franchises so you don’t have to. Our experience and knowledge are the top reasons. The fact that our services are free is a big bonus for you. We help you to choose the safest, most successful business opportunities available. We can save you weeks or months in research time and introduce you to concepts that you may not have even thought about.
Our corporate group takes over 3 months to vet a concept. We want to make sure that the franchises we represent are viable options for our clients. Then I spend hours each week on webinars, looking at Franchise Documents and talking with Development Directors to learn what I can about the system.
And there is no cost to you for this service. The price of the franchise and associated fees will not be higher if you choose to use Rocketzoid, or lower if you go direct to the franchisor.
In most cases the answer is NO. In fact most franchisees have had no experience in the industry that they go into. They choose the franchise for the lifestyle, their excitement for the concept or any number of other reasons.
In fact, most Franchisors want their business operators to focus on running the business and not performing the labor their concepts require. Franchisees are typically managers, rather than workers. Franchisors need people who can be effective in areas such as motivating employees, generating sales, and running the day-to-day operations as effectively as possible.