{"id":42249,"date":"2022-12-01T10:22:56","date_gmt":"2022-12-01T15:22:56","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=42249"},"modified":"2023-05-21T15:40:03","modified_gmt":"2023-05-21T19:40:03","slug":"owning-a-franchise-unhappy","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/owning-a-franchise-unhappy","title":{"rendered":"Will Owning A Franchise Make You Unhappy?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/unhappy-owner-620x620.jpg\" alt=\"face of an unhappy franchise owner\" class=\"wp-image-42274\" width=\"267\" height=\"267\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/unhappy-owner-620x620.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/unhappy-owner-300x300.jpg 300w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/unhappy-owner-150x150.jpg 150w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/unhappy-owner-768x768.jpg 768w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/unhappy-owner-600x600.jpg 600w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/unhappy-owner.jpg 1000w\" sizes=\"auto, (max-width: 267px) 100vw, 267px\" \/><\/figure>\n\n\n\n<p>I doubt very much if you think you&#8217;ll be an <strong>unhappy franchise owner<\/strong>. It&#8217;s probably not in your wheelhouse. Whatever <em>that<\/em> means.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"465\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/wheelhouse-image-620x465.jpg\" alt=\"in your wheelhouse\" class=\"wp-image-42276\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/wheelhouse-image-620x465.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/wheelhouse-image-320x240.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/wheelhouse-image-768x576.jpg 768w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/wheelhouse-image.jpg 1000w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<p>But is it possible?<\/p>\n\n\n\n<p>Is there a chance you&#8217;ll be an <a href=\"https:\/\/www.thefranchiseking.com\/find-unhappy-franchise-owners\">unhappy <\/a> franchise owner?<\/p>\n\n\n\n<p>Let&#8217;s find out.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2>A Perfect World<\/h2>\n\n\n\n<p>Franchising <a href=\"https:\/\/www.thefranchiseking.com\/franchise-ownership-pros-cons\">is<\/a> a good business model. <em>Great<\/em> even. Mostly.<\/p>\n\n\n\n<p>And in a perfect world, you&#8217;ll find the franchise of your dreams.<\/p>\n\n\n\n<p>In this dream of yours, you&#8217;ll quickly break-even, <a href=\"https:\/\/www.thefranchiseking.com\/profitable-franchisee\">make lots of money<\/a>, and be an incredibly <a href=\"https:\/\/www.thefranchiseking.com\/owning-a-franchise-happy\">happy franchisee<\/a>. Except&#8230;<\/p>\n\n\n\n<p>We don&#8217;t live in a perfect world. Sh*t happens.<\/p>\n\n\n\n<p>Would you like to know what kind of stuff can happen?<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2>Things That Can Make You An Unhappy Franchise Owner<\/h2>\n\n\n\n<p>You probably know what they are, but I&#8217;m going to tell you anyway.<\/p>\n\n\n\n<p>The first thing that can make you unhappy is that you choose the wrong franchise opportunity for you. This happens a lot. Seriously.<\/p>\n\n\n\n<p>For instance, there&#8217;s the person who loves restaurants and can <em>easily<\/em> see himself owning one (<em>let&#8217;s call him Robert<\/em>).<\/p>\n\n\n\n<p>Robert, 55, always wanted to own a food-service establishment, and thinks now is the time. Especially since the company he worked for recently laid him off. So he goes after his dream.<\/p>\n\n\n\n<p>In this particular case, he uses <a href=\"https:\/\/www.thefranchiseking.com\/7-powerful-reasons-buy-franchise-using-401k\">a portion<\/a> of his retirement investments to buy a well-known <a href=\"https:\/\/www.thefranchiseking.com\/pizza-franchises-how-much-pizza-knowledge-do-you-need\">pizza<\/a> franchise. It&#8217;s all good.<\/p>\n\n\n\n<p>No. It&#8217;s <em>not<\/em>. Would you like to guess why?<\/p>\n\n\n\n<p>I&#8217;ll give you one guess.<\/p>\n\n\n\n<p>Now remember your guess, because I&#8217;m going to give you the reason why in a couple of minutes.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2>Owning A Franchise Made Her Quite Unhappy<\/h2>\n\n\n\n<p>Here&#8217;s an example of how an educated, well-meaning <a href=\"https:\/\/www.thefranchiseking.com\/aspiring-franchise-owners\">aspiring franchise owner<\/a> quickly became pretty damn <em>un<\/em>happy.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"414\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/senior-care-franchise-owner-620x414.jpg\" alt=\"franchise owner of a senior care business\" class=\"wp-image-42314\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/senior-care-franchise-owner-620x414.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/senior-care-franchise-owner-320x214.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/senior-care-franchise-owner-768x513.jpg 768w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/senior-care-franchise-owner-600x400.jpg 600w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/senior-care-franchise-owner.jpg 999w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<p>&nbsp;(<em>Renee&#8230;immediately after she signed her franchise agreement<\/em>)<\/p>\n\n\n\n<p>As the story goes, <a href=\"https:\/\/www.thefranchiseking.com\/3-things-franchise-brokers-prefer-keep-wraps\">her franchise broker<\/a> told her (<em>let&#8217;s call this franchisee, Renee<\/em>) she&#8217;d be a great fit for a franchise business in the senior care space.<\/p>\n\n\n\n<p>Thing is, he kinda, sorta, failed to tell Renee that senior care franchise businesses don&#8217;t have walk-in customers. So?<\/p>\n\n\n\n<p>So?<\/p>\n\n\n\n<p>So when customers aren&#8217;t physically visiting your place of business for services (<em>like senior care<\/em>), it means that said customers (<em>clients, actually<\/em>) will need to be located.<\/p>\n\n\n\n<p>Located?<\/p>\n\n\n\n<p>Yep.<\/p>\n\n\n\n<p>How?<\/p>\n\n\n\n<p>By aggressively engaging in business development.<\/p>\n\n\n\n<p>Which is a nice way of saying franchisees need to make lots of cold calls. <em>Sales<\/em> calls.<\/p>\n\n\n\n<p>That&#8217;s right. If you buy a franchise in the senior care space, you&#8217;ll need to pound the pavement so you can start building relationships. The kind of relationships that need to become <strong>referral<\/strong> relationships.<\/p>\n\n\n\n<p>With that in mind, would you care to guess why Renee, who (<em>until she was let go<\/em>) was a successful marketing executive, is now the unhappy owner of a <a href=\"https:\/\/www.franchisedirect.com\/healthcareseniorcarefranchises\/seniorcarefranchises\/84\" target=\"_blank\" rel=\"noreferrer noopener\">senior care franchise<\/a>?<\/p>\n\n\n\n<p>And why the smile in her picture above isn&#8217;t there anymore?<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2>The Reason Why They&#8217;re Unhappy Franchise Owners<\/h2>\n\n\n\n<p>Let&#8217;s see if you guessed right. But first, let&#8217;s go back to Robert.<\/p>\n\n\n\n<p>In a nutshell, Robert is an unhappy restaurant franchisee because he had no idea how hard&#8230;and how many hours he&#8217;d need to work as an <em>owner<\/em>.<\/p>\n\n\n\n<p>And as an added bonus, he didn&#8217;t have a clue about the employee turnover nightmare that&#8217;s a huge part of the <a href=\"https:\/\/www.thefranchiseking.com\/how-to-buy-a-starbucks-franchise\">restaurant business<\/a>, including <em>his<\/em> business.<\/p>\n\n\n\n<p>So now what?<\/p>\n\n\n\n<p>Wait. Is Robert even making any money? Enough money?<\/p>\n\n\n\n<p>Regardless, Robert can remain unhappy, or he can possibly get some help managing the operation. That, or he can try to <a href=\"https:\/\/www.wesellrestaurants.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">sell his restaurant<\/a> franchise.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2>What About Renee? Why Is She Unhappy?<\/h2>\n\n\n\n<p>Renee is unhappy because she had no desire to sell. She didn&#8217;t want that to be her role in her business.<\/p>\n\n\n\n<p>No desire enter and exit her SUV 6-7 times a day calling on prospective referrers. Nonetheless, that&#8217;s what she needs to do if she wants any chance at success.<\/p>\n\n\n\n<p>That said, she could hire a tiger.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"429\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tiger-image-620x429.jpg\" alt=\"sales tiger needed\" class=\"wp-image-42311\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tiger-image-620x429.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tiger-image-320x222.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tiger-image.jpg 640w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<p>Someone who loves cold calling and can make things happen.<\/p>\n\n\n\n<p>Doing that would require an investment on her part-on top of <a href=\"https:\/\/www.thefranchiseking.com\/the-franchise-fee-dont-focus-on-it\" target=\"_blank\" rel=\"noopener\">her initial investment<\/a> in the franchise and her always in-play ongoing expenses.<\/p>\n\n\n\n<p>But if she doesn&#8217;t want to lose the money she invested <a href=\"https:\/\/www.thefranchiseking.com\/truth-buy-franchises\">to buy<\/a> her senior care franchise, she just needs to do it. Unless she wants to try to sell her franchise. Then the question becomes does she have something to sell?<\/p>\n\n\n\n<p><strong>The bottom line?<\/strong><\/p>\n\n\n\n<p>Renee should have never purchased a senior care franchise.<\/p>\n\n\n\n<p>Instead, she should have bought a franchise <a href=\"https:\/\/www.thefranchiseking.com\/steam-for-kids\">that doesn&#8217;t require outside selling<\/a> to make money.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2>It&#8217;s Fairly Common<\/h2>\n\n\n\n<p>What happened to Renee happens to a lot of today&#8217;s franchise buyers.<\/p>\n\n\n\n<p>They get excited about a franchise opportunity but fail to find out what the franchisee&#8217;s role is in the business.<\/p>\n\n\n\n<p>In Renee&#8217;s case, it&#8217;s partly the fault of the franchise broker.<\/p>\n\n\n\n<p>The broker, if she did her job right, should have done a deeper dig into Renee&#8217;s core skills. Specifically, her sales skills. She didn&#8217;t.<\/p>\n\n\n\n<p>But the broker got paid $20,000 anyway. And Renee?<\/p>\n\n\n\n<p>She&#8217;s got an expensive problem.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2>It Doesn&#8217;t Need To Be This Way<\/h2>\n\n\n\n<p>If you don&#8217;t want to become an unhappy franchise owner, you need to do the following:<\/p>\n\n\n\n<p>1. Only look into franchise opportunities in which you can easily utilize your top skills.<\/p>\n\n\n\n<p>2. Do your research. That includes reaching out to existing franchise owners and asking them what their working days consist of.<\/p>\n\n\n\n<p>3. If you decide to work with a franchise broker, do a background check. And talk to people who worked with the broker.<\/p>\n\n\n\n<p>If you buy a franchise, be realistic about earnings.<\/p>\n\n\n\n<p>In most cases, your first year or so in business is what I call a \u201c<em>non-profit year<\/em>.\u201d As in, you shouldn\u2019t expect to make money. That means you\u2019ll need to be patient.<\/p>\n\n\n\n<p>If you play your cards right, which includes making a good choice in a franchise to own and doing <a href=\"https:\/\/www.thefranchiseking.com\/definitive-guide-to-franchise-research\">great<\/a> research, you have a good shot at being a happy, money-making, fulfilled franchise owner.<\/p>\n\n\n\n<p>Not an unhappy one.<\/p>\n\n\n\n<p>I\u2019m rooting for you!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I doubt very much if you think you&rsquo;ll be an unhappy franchise owner. It&rsquo;s probably not in your wheelhouse. Whatever that means. But is it possible? Is there a chance you&rsquo;ll be an unhappy franchise owner? Let&rsquo;s find out. A Perfect World Franchising is a good business model. Great even. Mostly. And in a perfect [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":42274,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[2122,32],"tags":[247,2151],"class_list":["post-42249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-choose-a-franchise","category-franchise-purchasing","tag-franchise-advice","tag-unhappy-franchise-owners"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Unhappy Franchise Owner Scenarios And You<\/title>\n<meta name=\"description\" content=\"Will you be an unhappy franchise owner? Is there a way to know? The Franchise King\u00ae has some thoughts and scenarios on this topic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefranchiseking.com\/owning-a-franchise-unhappy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Owning A Franchise Make You Unhappy?\" \/>\n<meta property=\"og:description\" content=\"Will you be an unhappy franchise owner? Is there a way to know? 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