Starting a Second Career from HOME!

As we’ve all heard (approximately a trillion and a half times), this last year and a half has been… tough, to say the least. Transitioning to work or school at home, throw in a layoff or two, then whatever is happening now, we’ve all had employment whiplash. It has been grueling, and I believe many of us are in desperate need of something fresh.

Continue to working from home!

Working from home was easily the best part of the pandemic. Not having to put on slacks?! SIGN ME UP! Why does working from home have to end? You can consider a home-based business. You don’t have to give up your work to life to using your own bathroom balance! A home-based business would allow you to become your own boss for a low starting price and continue your commute from bed to your in-home office. Couple all the benefits of working from home with those of becoming your own boss.

Beginning your second career is an opportunity to do something you’ve never done before. Challenge yourself in new ways! Polish skills you never knew you had, and prove how much more you can do! Some things come easier than others and understanding your strengths and weaknesses can really identify what is going to be a good fit for you! When purchasing a High Touch High Tech franchise, we identify your skillset and support you in the things you aren’t as comfortable with. You can be most successful, most challenged, and most rewarded through out franchise opportunity!

Make the best career change for you!

It’s estimated that people change jobs an average 12 times in their life, but how can you make this career change stick? A new job should be something you’re interested in, something that makes you feel content. High Touch High Tech offers franchise opportunities to people with a plethora of interests including STEM, working with children, or just having fun! Rebrand yourself as an entrepreneur!

When starting your second career, you need to properly vet all your options to find the perfect fit. Remember how many times that glass slipper was tried on until it fit Cinderella? Speak with us today about our franchise options and see how well you would fit into our franchise system! Our current franchisees love their business, and you could start to love your career again too as a High Touch High Tech franchisee!

Sources:

Amanda Augustine. (July 2021) “Career Change Tips: How to Make a Shift.” August 2021, TopResume, https://www.topresume.com/career-advice/conquering-career-change

Starting a Franchise: Buy New or Established?

If you’re looking for a great launch pad to owning a small business, a franchise can be an ideal place to blast off. We’ll help you reduce the hemming and hawing over whether to buy a new or existing franchise.

Becoming a franchisee can be a great path to entrepreneurship. Franchisees leverage the strength of an established brand and a tried and true business model while the franchisor serves as a source of capital—an asset that is particularly welcome in today’s tight fiscal atmosphere. So how should you become a franchisee? Should you start fresh or set the quick trajectory of buying an business from a seasoned franchise entrepreneur?

Opting to Buy an Existing Franchise

There is a general sense among buyers that investing in an existing franchise location is easier. That may or may not be the case,
depending on the specifics of the location, but it’s true that there are several pluses of investing in an existing franchise as you chart the steps to purchasing a franchise: 

1. History

An existing franchise opportunity can be a turnkey business acquisition. It’s already been in operation so the seller can demonstrate a performance history showing profitability as well as concrete numbers that will help you figure out it’s cash flow and make project future performance. These are two key elements in assessing value. 

2. Flexibility

There my very well be a set fee structure for new franchise locations, which will impinge on the buyer’s ability to negotiate on terms or price. But buying a franchise business for sale puts you right across the table from the seller with more ability to negotiate the terms and maximize the return on your investment.

3. Client Base

An established and loyal client base is a massive benefit for a franchise entrepreneur. Existing franchise business for sale strikes a quick route for new owners to take advantage of an established customer since the franchise brand gives customers a sense of consistency, tapping into memories of positive experiences with the franchise brand. 

Reasons to go with a New Franchise

With a new franchise location, you take on higher risks along with higher rewards. While every franchise business opportunity is different, new franchisees often find out that building a new location provides merits that simply aren’t available with an existing operation: 

1. Lower Purchase Price

New franchise companies for sale are often a better deal because you aren’t buying existing cash flow from an established customer base and you aren’t paying for “goodwill” value often expected by sellers of existing franchises. If the new franchise is successful, you’ll reap the financial benefits of the franchise history, not the seller.

2. Tabula Rasa

A new business offers a fresh start to buyers; a franchise business opportunity unaffected by the habits, preferences and/or flaws of a previous owner. Although you’ll have to put your nose to the grindstone to forge your business in an untried community, you don’t have to worry about skeletons popping out from closets of previous businesses.  

3. Pristine Infrastructure

When you buy a new franchise, it’s likely that your equipment and facilities will also be new or at least newer than they would be if you bought an existing franchise. Out of date equipment isn’t always a deal-breaker, but in some sectors it’s important to ensure that the business has reliable machines and current designs.

To learn more about fun business opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

How to Choose the Right Franchise Location

Franchising can certainly be less risky than starting your own business from scratch. The franchisor has already done a lot of the work for you: they’ve created a strong business plan and they’ve built strong brand name recognition.

Before you can capitalize on their good work, though, you first have to figure out precisely where you’re going to locate your franchise business. A good franchisor will work closely with you and there’s plenty to think about on your own when you’re scouting a location.

The old adage still rings true when it comes to franchising: location, location, location. Here’s our guide to picking the perfect site that will allow you to become a successful franchisee.

Selecting a Franchise Location: Know the Principle Inside and Out

The first step is to understand the concept of your franchise business. To find out what makes your franchise business of choice tick, you’ll need to work closely with the franchisor to learn the answers to the following questions:

  • What drives customers to the business?
  • Who are its target customers?
  • Where do those target customers live?
  • Are your customers coming to you, or are you going to them? (In this case, location is less important and you might even be able to start a home-based franchise.)
  • How and when do those customers interact with the business model?
  • Does it rely on impulse sales?

Good franchisors (the type you want to be in business with in the first place) have already done a lot of the market research for you. It’s in their best interest to keep track of demographics, and they’ll share the information with you. They also have an important something you might not have as a first-time franchisee: experience.

Investigate what sort of territorial protection you have. You’ll want to make sure that the territory you have carefully selected is exclusive to your franchise unit and will not expire unless you don’t renew your franchise agreement. Make sure that both of these elements are in place or another franchise unit could encroach on the territory you have cultivated.

Selecting a Franchise Location: Recognize that Criteria are Different for Non-Retail Sites

Retail franchise businesses only account for part of the wide variety of franchise business options to choose from. It makes sense to pursue a home-based franchise when you are going to your customers, rather than your customers coming to you.


To learn more about fun business opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.