Looking for professional services franchises? Outsourcing is on the rise and that's one trend that is not going away. We discuss a few things to consider before buying professional services franchises. We've also highlighted a few professional services franchises that we think are worth looking at.
Sometimes you need the help of a professional to get the job done right. In such instances, many businesses and individual consumers turn to professional service providers for the help they need.
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Professional service companies offer highly specialized and expert help across a wide range of industries. Through franchising, these companies have effectively been able to expand their reach and offer opportunities for new business owners to enter the professional services marketplace.
A lot of professional services business owners and franchisees come from the ranks of other companies who specialize in similar services. Equipped with expertise and industry experience, these individuals are eager to use their skills to grow their own company instead of someone else's. However, if you don't have experience in your franchise's industry, don't worry. Most franchises provide their franchisees with the training needed to get their business off the ground.
Bevinco Bar Systems helps other businesses save money on lost inventory by providing bar and restaurant owners with a proven method to control liquor loss and improve profitability. The company estimates that if all establishments in the U.S. signed on with Bevinco, they could avoid roughly $10 billion in losses every year. That's a lot of money, and just one indication of how important professional services franchises are to American business.
There are many other franchising opportunities with stories similar to Bevinco. The diversity of the professional services franchise industry means that you'll have a lot choice to choose from. It also means that you'll have to be diligent in your research to find the one that's right for you.
Points to Consider
Professional services business owners don't necessarily need prior industry experience. However, professional services customers do expect professional results. If you don't have experience, be prepared to hire people who do.
Networking is another important part of professional services franchise ownership. Remember: As a franchise owner, you'll be up against other business owners who have experience and contacts in the industry. Take the initiative to quickly establish your own network of contacts as soon as possible.
Bevinco Bar Systems. Bevinco has established itself in the professional services industry by helping bar and restaurant owners save money through liquor inventory control. In 2005, the company reported 245 locations in North America and another 42 abroad.
The Growth Coach. The Growth Coach offers professional coaching services for business owners, professionals, and executives through workshops, retreats, and one-on-one coaching sessions. In just a few short years, the company has experienced significant growth with 93 franchises in the U.S. and Canada.
D.E.I. Sales Training Systems. Founded in 1979. D.E.I. has long been recognized as one of the nation's premier sales training companies, delivering skills and management programs for organizations ranging from Fortune 500 companies to startups. The company currently has over 30 franchise locations and is aggressively pursuing qualified new franchisees.
Right At Home. Right At Home provides home care and medical staffing services for seniors. Nicely situated in a growing industry, the company presently has 73 U.S. franchises.
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