Entrepreneurial aspirations often start with a lemonade stand as children and typically cultivate over time as our interests and career ambitions evolve, but can quickly dwindle when we enter the corporate world as young adults. Corporate jobs give people a sense of predictability and a reliable income, but others want more out of their careers. When the curiosity and passion for running your own business grows to a point of no return, know that the time spent in corporate America will serve you well.
Deciding to take the plunge and start your own business can be scary, and many are hesitant because taking over an existing one may not be appealing and starting from the ground up seems daunting. That is when I’d recommend putting your entrepreneurial spirit towards opening your own franchise. A franchise allows you to be a part of a reputable brand while still following your dreams of owning and operating a business. Buying into a successful franchise strategically connects you with an established brand, a vetted business model, as well as a franchisor that’s invested in your success.
As one of the top 100 franchise companies in the world, according to Entrepreneur’s 2018 Franchise 500 Ranking, Kiddie Academy’s franchise network is filled with self-starters that decided to make the change from corporate work to building their own business.
I sat down with Jeff Brazier, Vice President of Franchise Development at Kiddie Academy, to have an open conversation on how corporate experience can prepare entrepreneurs to become first-time franchise owners. Brazier has over 16 years business development experience and he’s worked closely with franchise candidates to guide them through the franchise discovery process, so he’s seen first-hand how a corporate career helps prepare prospective franchisees for franchise ownership.
Brazier shared several corporate skills such as time management, teamwork and communication, that are transferrable and can prepare you for running your own business. Here are a few advantages corporate experience can provide, courtesy of Brazier:
- Credibility – Building a successful career in the corporate world gives you instant credibility when you go into business for yourself. You’ve climbed the corporate ladder and earned your stripes. Now it’s time to use that credibility to further your entrepreneurial goals.
- Create Culture – You’ve seen the importance of creating a positive culture to maintain a productive workplace. You can pull from your past corporate experiences, good or bad, to create an ideal environment at your new business venture.
- Maintain Processes – The list of important processes you’ve been exposed to while working for others gives you an enormous advantage in running your own business and staying on track. This includes skills such as time management, budgeting, sales, collaboration, strategic planning and attention to detail.
- Managing Others – Experience managing others was a valuable practice in hiring the right people, building and supervising a team, setting professional development goals and mentoring.
In addition to the corporate skills you’ve acquired, investing in a franchise also helps make the transition from the corporate world to business ownership a smooth one. Besides having the experience, drive and charisma to open your own business, it’s always wise to consider a national franchise partner because of their unwavering corporate support.
Getting a business up and running can be a daunting task, even for the most business-savvy individuals. Kiddie Academy has an established support structure to help entrepreneurs succeed in their business venture every step of the way. The corporate team is there from the beginning of the journey – through real estate selection, design and construction, marketing and more, all in hopes of helping to bring kids through the door. Partnering with a reliable and flourishing franchise company like Kiddie Academy allows entrepreneurs to have the freedom of a business owner without having to recreate the wheel or go it alone.
A strong entrepreneurial spirit aligned with a supportive franchise partner that will be there from financing and site selection to training and the grand opening event is a recipe for success. Partnering with a franchise company with a proven business model, brand awareness and a support system will set you up for success in opening your own business.