There are many great reasons to transition from the traditional workforce to franchise ownership. However, if you are considering making the change in search of greener pastures, you need to make sure that you avoid common franchise red flags. That’s because, while investing in a strong franchise can generate a great return, selecting the wrong franchise can generate a lot of frustration, headaches and regret.
When considering investing in a franchise for the first time, you want to buy into a business that’s right for you. But it’s also important to understand the factors that can make your area a viable franchise territory. That’s because the old rule “location, location, location” doesn’t just apply when buying into a real estate market; it holds true when buying into a franchise as well.
Bin There Dump That has franchise operators throughout the United States and Canada, in big cities such as Dallas, Texas and Toronto, Ontario, and in little locales like Moore, Oklahoma and Regina, Saskatchewan. Even though these areas are very different, they share some common traits that make it possible for a Bin There Dump That franchise to thrive. If your location shares them as well, you could thrive too.
Becoming a franchise operator can take you — and your career — to exciting new places. But how do you become one? What are the best new franchise opportunities for you? And what can you learn from other successful franchisors? The answers can be found at franchise conventions throughout the United States and Canada.
Check out our list of the best franchise conventions for 2015 and start making your travel plans today.
One of the things that makes a franchise such a valuable opportunity is the exclusivity of the territory. No other Bin There Dump That franchise operator will compete with you for customers. Most franchise operators begin as a single territory operation. Those individuals start with one truck and an inventory of 12 bins. The startup cash is approximately $75,000. Often, over the first 12 months the business grows by adding more equipment (i.e., bins and another truck). STOs (single territory operation) can add trucks and bins and, if the situation is right, new territories.
But for some franchise operators, though, one territory is not enough. Some people don’t want to take the slow and steady approach.
If you’re one of those people, Bin There Dump That’s City Builder 3-Pack program might be just the option you’ve been seeking.
Entrepreneurs choose franchises for a variety of reasons: being their own boss and making a great profit are just a few of them. But the Bin There Dump That franchise operators in Thunder Bay, Ontario, had an additional reason.
Patrick Fenlon and Wayne VanderWees already own a logistics business and found a Bin There Dump That franchise dovetailed perfectly with their existing company. Through the pair’s existing operation, they develop strategies for other companies to move material back through the supply chain where it can be recycled or disposed. It’s all about zero waste, and the Bin There Dump That is a step in the process.
“We know how to document a chain of custody, but we wanted a better way to do the front-end collection,” Fenlon says. “That’s why we got into Bin There Dump That.”
This is a particularly important issue in Canada, where government agencies are getting involved in waste stewardship (zero waste) programs. “We’re collecting the material and do it in a way that is economically sustainable,” Fenlon says.
Before they purchased a Bin There Dump That franchise. the duo hired other bin companies but were never really satisfied with what those companies had to offer. Owning the franchise give Fenlon and VanderWees control over the front end of the process.
It happens after every major offensive: Men and women return from military service and find themselves without jobs. After years dedicating themselves to protecting their country, veterans often have a difficult time returning to the workforce. And even though the economy has slowly begun to improve, the past several years have been particularly difficult.
The option, then, for many veterans is to go to work for themselves. The training and experience developed by members of the military provide them with the tools that that translate well into franchise operators.
Those same qualities that make good soldiers also make for good franchise operators: logistics, adaptability, leadership, discipline, standard operating procedure and execution of a clearly defined mission. A Bin There Dump That franchise might be a perfect fit for many veterans.
We encourage veterans to consider a Bin There Dump That franchise and proudly offer a royalty-free incentive to make it easier for veterans to get started. Here are a few reasons franchises are perfect for military veterans.
Franchises are often an attractive option for many would-be business owners. They offer a number of advantages over creating something from scratch: brand recognition, loyal customers, proven strategies and experienced leadership, just to name a few. But just because a franchise has proven successful doesn’t mean the franchisee will be.
Approximately 40% of the retail business in the U.S., covering a huge array of services and products, is conducted through franchised businesses. Franchising is the #1 business format utilized in America…and has been for many years. This format has withstood the test of time and currently used by literally hundreds of thousands of individuals to build their livelihoods.
This post will help you assess if franchising in general—and a particular company—is an avenue for you to consider using to build your livelihood.
Here are 7 common mistakes interested parties make when investigating a franchise.