You might be wondering about the benefits of joining a Performance Group. This article provides an overview of what Performance Groups are and how they can provide significant boost to business owners and managers. The main benefit is the ability to connect, share, learn and grow from being part of your own group. A Performance Group is made up of 6 - 12 business owners, who meet each month online, to discuss key business issues and share with each other from their own experience. This helps each learn new ideas yet also have the opportunity to share and help others.
Is it a good idea to buy a Poolwerx franchise?
Are you thinking of buying a Poolwerx franchise?
This might be a really good time to consider it.
With COVID restrictions impacting people’s travel plans, more people are staying at home.
And with summer here, we know pools will be getting a lot of attention.
A Poolwerx franchise is a well developed franchise model. In fact, they have a development plan for you as the franchise owner.
In the Poolwerx franchise model, you typically start out as a ‘man in a van’ to get to know the business. This helps you learn how the technical side of the business works and lets you build your customer base at the same time.
Then as it grows, the model is that you take on another van, with a technician in the second van. So, that means you have two vans on the road. Fully signwritten, which means you’re getting twice the amount of visibility in your territory.
The plan then provides for a retail store after a few years. A sensible growth path, building your business and asset base along the way. It’s not too aggressive and gives you the chance to build your business in a sensible manner.
The Poolwerx franchise gives you flexibility with this plan. You are not forced to go with the above plan. They will fit the plan to you. This means there will be franchisees who will be happy enough just staying with one van.
I't’s important to find the franchise model which best suits your skill set and ambitions.
Areas to check:
The obvious downside of a pool business is the seasonality, so you need to clarify what happens over winter?
What does Poolwerx suggest you do during the quiet months?
Territory size, are there limits to your growth, or can you keep expanding?
Training, what’s covered, how long is it, is it on site or on line?
Ongoing skills development for the franchisees. Retail requires a different set of skills to the ‘man in a van’, so how is that dealt with?
What ongoing support is provided?
What’s included in the total costs?
And of course, have the numbers checked out before you commit buy with a Pre-purchase Review. This is one of the most important elements of your due diligence. You need to be sure the numbers stack up. You will be making a significant investment so you want to be sure of the financial position.
Let me know if you need a hand.
Peter
The 5 Qs to ask yourself before buying a franchise
“I’d like you to check out this franchise for me, you know, go over it and see if it makes sense.”
When you are thinking about buying a franchise, there are a number of specific things to look at, here are our top five questions we urge you to consider to look into yourself or with a financial specialist.
Why do I need to prepare a cashflow forecast?
Buying a franchise: the underrated elements that are worth their weight in gold
Thinking of buying a franchise?
What surprises will 2021 bring?
What can you ‘bundle up'?
One of the most successful sales and marketing strategies is to ‘sell in bundles.’ This is where you bundle up more than one product or service to provide a broader offer to your customers. The customers are happy because they are getting better value from their purchase. It also allows you to provide more goods or service to your customers. It is a great way to build additional sales revenue. If you are looking to increase sales, you should consider bundling up a number of your products or services.