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Business Training Franchises
All businesses have their own set of problems and complications. This is why there are professionals out there who specialise in troubleshooting and sorting out issues faced by businesses. These professionals run training and consultancy firms that can be hired by the businesses to sort out the kinks in their setups. These problems could be human resources, policy, or even infrastructure related.
Any and every kind of business problem has a solution, and that solution is provided by these business training and franchise consultancy companies. Since these training companies work for big businesses, they have a great scope, because as the businesses grow, so do these training companies. They get more work and businesses as the industry grows, so these business training companies have a great future.
In order to increase their business and be able to cater to more clients, these companies use the franchise model. The franchise model refers to the plan that is put in place by selling a business franchise to an investor. Buying a business training franchise is very convenient for any investor, since it requires no prior experience in the training industry, and financing can be done via third party as well. The only thing required to become an owner of a business training franchise is great interpersonal skills and a passion for creating business solutions. The parent company usually has a whole plan on how to train their franchisees and an array of products are available to the new owners to make their transition easy.
If you are looking for a business coach franchise opportunity, ActionCoach Business Coaching is a lucrative option for you. With a minimum investment of £69,000, you can become a part of the three-time winner of the Best Franchise Award. The business trains and supports its franchisees with the help of seasoned professionals, and over 3500 strategies and tactics are available to the new owner in order to make their franchise a success. All you need is the passion to learn and help other businesses succeed. This company has a come a long way in the business coaching industry and has made a name for itself. Its franchise model is one of the best in the country and it guides its franchisees on how to make approximately £1 million in a year.
Another such company that helps increase the sales and profits of a business is called The Core Asset. It guides and trains the management on how to make the most of their assets, and has a great success rate. For an investment of £7,500, you can become the owner of a business training franchise of this trusted brand name. The franchisee will be trained on how to help business build value and increase their profits. The Core Asset Company will provide constant support to their franchisees in order to help them become profitable.
The Enagage and Grow is another training company that provides a profitable business coach franchise opportunity. This company is made up of core HR professionals that help improve the employee engagement levels of a company. They have their own strategies and ideas that help improve employee engagement and retention. They have also expanded their business by selling their sought-after franchises.
Coaching and training businesses are here to stay, so investing in this lucrative industry, especially if you have a flare for learning and guiding, is the right thing to do. The profitability and possibilities of this industry are endless.
How to choose the right business training franchise for you
As the number of small and medium-sized start-ups and expanding businesses is growing worldwide, so is the demand for business training. SMEs are the backbone of many economies, and there are over 400 million of them globally. (source: Global Snaps)
Furthermore, ambitious big companies are seeking ways to up-skill their workforce, to create greater capacity, diversity and profitability, as well as to improve their management prowess.
That all makes this a good time to consider launching business training franchises. However, how do you know which franchise opportunity is the best one for you?
Much depends on your experience to date and the sort of skills you offer to a prospective franchise agreement. Also, your preferences on the type of businesses you want to assist, and the training niches you find most exciting!
Home-based business coaching franchises
The amount of start-up capital you have will also impact the training franchise sector you focus on. However, that may limit you on where you set up your venture, but not on how far your customer-base stretches.
If you were to search for a business training franchise for sale, you may well come across many that don’t require you to rent office space or find other substantial start-up costs. That’s because home-based business coaching franchise opportunities are plentiful and varied.
The basic requirements will be skills and experience in certain fields and of course access to devices that enable you to maximise online communications platforms. Including tools such as Zoom, to coach groups without ever meeting them in person.
In other words, your selection will include many budget business coaching franchises that don’t require you to travel, either!
Are customers likely to rely more on ‘virtual’ training sessions going forwards?
The pandemic greatly increased remote working, and it is estimated that even in 2022, as staff return to HQs, around a third (29.7%.) of all business activity will remain online.
Not only does a franchise providing business coaching online ‘ride this trend’, but it is also a great opportunity to create a global customer base.
What skills are in demand?
Buying a business training franchise can be a great step if you have experience and skills in one of the many ‘in-demand’ competencies that organisations are currently seeking. Not surprisingly, this includes data management and other technological skills.
As there is such a sizeable deficit in the number of people with STEM qualifications (Science, Technology, Engineering and Maths) it stands to reason that profitable business coaching franchises include ones that build those skills into current workforces.
Many sectors of industry need help in introducing or improving lean manufacturing techniques too. Especially as staff shortages, Brexit and other issues are impacting logistics and transport, leaving manufacturers with a pressing need to optimise production planning and resource management.
That is certainly an area to focus on if you want a ready-made customer base for a new business training franchise.
Also, if you have sales acumen, the best business training franchises include opportunities to make sales teams more confident, assertive and effective.
Topping all of this is the timeless demand for leadership training courses. As well as one-to-one coaching to equip business decision-makers with the skills and insights they need to tackle economic and socio-political upheavals.
Helping SMEs to start and grow
You could also look for a business coaching franchise opportunity that focuses on general business management skills, for new or development ventures.
Training and coaching to enable owner-managers to launch and develop SMEs are always in demand.
You can also sometimes benefit from Government-grants that stimulate start-ups and job creation in certain geographical areas too. It is the sort of business intel that you enjoy, as part of a franchise package from an established SME training company.
Corporate culture and mental health in the workplace
Keep in mind that business training franchises are not all focused on ‘hard skills’, such as sales, technology or leadership skills.
There is a huge push on corporate responsibility, and on finding more sustainable ways to do business. As well as developing a deeper understanding of how an inclusive and nurturing corporate culture can improve job satisfaction and productivity in contemporary workforces.
Even appreciation of mental health interventions in the workplace has grown significantly, as poorly managed stress levels or periods of change can have a measurable effect on an organisation’s ability to survive.
This all means that you could look for business coaching opportunities in areas related to corporate responsibility, including sustainable work practices. Or, find franchises that enable you to deliver training in soft skills – which are now sometimes referred to as empowerment skills. Such as communications, conflict resolution and empathetic management.
Where to find business training franchises for sale
Whether you decide to provide labour forces with basic skills such as literacy or maths, support new start-ups, or deliver leadership skills to global movers and shakers, there is a franchise opportunity to suit you!
Simply decide the area you will find most fulfilling – and that uses your existing experience well – then browse an international franchise directory. You can find a business training opportunity that offers you job satisfaction and the promise of a strong return on investment.