A care franchise offers a complete change of career | FranchiseInfo (2024)

Published: 25 February 2019

Krish Nair was looking for something different. Here’s his story on how a care franchise offered him a complete change of career:

A care franchise offers a complete change of career | FranchiseInfo (1)

Krish Nair left his home city of Mumbai to attend the University of Edinburgh where he would pursue a Masters in Business Information Technology. On graduating in 2008, Krish naturally fell into a career in IT, moving to London for a contracting role, but he admits his heart was never quite in it.

“I’d been very clear on my academic choices and the career path I thought I should choose, but if I am honest, a true passion for it was lacking.

“I thought about growing my own consulting business in IT, which I tested out for a while, but it is a competitive marketplace and I come from a non-business background so met many obstructions. I was realistic about the challenges of doing it alone and decided it was not the best option for me.”

“But I did want to have my own business, and so franchising caught my attention. It would provide me with a proven business model, essentially fool-proofing my efforts.”

The journey into franchising

Krish began researching franchising in 2010, using the website of the British Franchise Association (bfa) as a starting point. From there, he learned ofThe Franchise Exhibitions, and these were to prove an important part of his journey into franchising. He attended several events over the next few years, meeting different brands and attending various seminars.

“Visiting the different exhibitions, I built up a network of useful people and contacts who would eventually help me pursue a franchise. Aside from meeting a variety of franchise brands, hearing from existing franchisees was probably the most useful aspect of the exhibitions. It was very informative hearing from people who had made the leap and learning what the daily reality of running a franchise was like.”

Krish continued to research different brands and models, informing himself of exactly what was needed in terms of capital to invest and skills to make a success of it.

“I was very keen on the big-name high street food outlets, because they have so much brand awareness in place and the franchisor takes care of the marketing, but the numbers never really stacked up for me. So, I continued my research and looked at different sectors. I was really waiting for things to come together financially and professionally for me to take the next step.”

Life progressed for Krish and his attention was consumed for a while by his lovely wife, baby and the house he’d bought and was developing.

“I took a step back from all the research but in the back of my mind I never let the idea of a franchise drop. I actually set myself a target, that by the age of 35 I would have a franchise, and I continued to save money to put towards it.”

Time to make it happen

As 2018 arrived, Krish was determined that this was the year he would get his own business up and running. By this point, Krish had some direct experience with the care sector, as two close family members had needed support due to serious illness. In addition, he was working on a project for Transport for London which provided free door-to-door transport for the elderly and the disabled.

“All of a sudden the dots began to join, and I felt a calling to the care sector. I realised what a rewarding field care could be, and I could see that a franchise in this area would allow me to run a business that I would really enjoy and could see myself running for many years to come.”

Next steps

Focusing on the care sector exclusively now, Krish went toat Olympia, London, where he aimed to talk face-to-face with several home care brands.

“After all my years of researching and being so familiar with the exhibitions, I went in with a target list of stands to approach all brands in the care sector. There was something which really clicked with Right at Home. I felt their ethos and way of conducting business were very aligned to my own approach and so I officially registered my interest with Kate Dilworth, their Franchise Recruitment Manager, at the event.”

“I did attend discovery days with other home care brands, but it was always Right at Home which felt to me to be the best fit. I knew that support with the launch and operation of my care business was vital to me, and Right at Home clearly offered what I needed.”

Being a Right at Home franchisee

After signing as the franchise partner for Enfield in North London, Krish benefited from intensive training on all aspects of running his care franchise, as well as receiving support to open his office, recruit the right staff, and market his new business.

“I got the keys to my office at the end of 2018. Now I am operational, it’s brilliant having Right at Home at the end of the phone for anything I need. Things like the cashflow spreadsheets or concepts like financial forecasts and margin analysis KPIs have all been new to me so it’s important I can get questions answered as and when I hit an issue.”

“While my main responsibility is to lead and manage my business, I’m pursuing the training and qualifications to become a registered carer myself. I feel it will not only allow me to provide on-the-ground care when the need arises, but it will also make me a better manager of my staff, because I will understand and have experience of providing the service I expect them to deliver.”

“In spite of all the hard work I am putting in, being my own boss allows me the flexibility I need to have time with my wife and young son.”

“Without franchising I would not be able to do what I do today. That’s the beauty of franchising, though. You can jump sector and have a business in an area that you are passionate about but perhaps have no experience in, because all the foundations are in place for you.”

Interested in following in Krish’s footsteps? Find out more about upcomingFranchise Exhibitionsheld in exclusive partnership with the British Franchise Association.Claim free tickets using promo code CAS1.

A care franchise offers a complete change of career | FranchiseInfo (2024)

FAQs

Why do you want to own a franchise answer? ›

Owning a franchise can provide financial stability for franchisees, as they're able to rely on a proven business model and established brand recognition to drive revenue. This can help reduce the risk of failure and increase the likelihood of long-term success.

What questions should you ask when buying a franchise? ›

Find out about the culture of the franchise system and the people you have to work with
  • How long does the typical franchisee stay with the franchise system?
  • How many franchisees have failed in the past 3 years?
  • Who founded the business? ...
  • What experience do key staff have in operating or managing a franchise business?

What are some advantages of franchising choose every correct answer? ›

Advantages of Franchising Your Business
  • Growth and unit expansion. ...
  • Capital. ...
  • Managerial talent. ...
  • System scalability and supply chain. ...
  • Legal protections. ...
  • Exit strategy.

What important questions should you ask before becoming a franchisee in a company like Domino's? ›

Overall Questions to ask the Franchisor:
  • Where will your franchise be located?
  • What is the success rate of existing franchises?
  • What method is used to protect franchisees from poorly performing franchises?
  • Is there a franchise owners association?
  • Is there a franchise advisory council?

What does owning a franchise mean to you? ›

The Franchise Business Model. A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor's name for a specific number of years and assistance.

What is the major advantage of a franchise? ›

A franchise enables a small business to compete with big businesses, more so than an independent small business, due to the pool of support from the franchisor and network of other franchisees. You usually have exclusive rights in your territory. The franchisor won't sell any other franchises in the same territory.

How to write a letter for a franchise proposal? ›

What Are the Elements of a Franchise Proposal?
  1. Overview: Give a brief description of your business plan—how you'd run your franchise. ...
  2. Experience: Provide information on your work experience, particularly business or industry experience. ...
  3. Team: Introduce who, if anyone, you plan on having on your team.
May 11, 2023

How do you ask for a franchise opportunity? ›

Subject: Request for Franchise

Dear [RECIPIENT_NAME], It gives me great pleasure to write to you that I am interested in acquiring a franchise of your [FRANCHISE_CATEGORY] business in [CITY]. I have performed an initial research of your business and find that the same match my areas of expertise and finance.

How successful is owning a franchise? ›

Only 5% of franchises with an initial investment of at least $25,000 fail in the first five years, according to research conducted by Entrepreneur. If you are wondering whether owning a franchise is worth it, explore our list of pros and cons.

What is a major advantage of owning a franchise? ›

Explanation: A major advantage of a franchise is that the parent company guides the running of the the business. This means that the franchisee can benefit from the experience and expertise of the parent company, which can increase their chances of success.

Why is a franchise better than a business? ›

Lower risk

Starting a business is risky. This is true whether a business owner is opening an independent business or purchasing a franchise. That being said, the risk is lower when opening a franchise. One of the reasons franchise owners face lower risk than independent business owners is the franchise network.

What are the steps to choose the best franchiser? ›

Before choosing a franchise, take the time to consider these 10 vital signs that the company is the right fit for you.
  • Proven sales record. ...
  • Growing market. ...
  • Competition. ...
  • Repeat business. ...
  • Healthy living. ...
  • Upsell opportunities. ...
  • Profitable business model. ...
  • Personal interest.
Nov 18, 2014

Why are you interested in our franchise? ›

Franchise Interview Questions You May Be Asked

“Why are you interested in our franchise?” Franchisors want to understand your motivation. Explain what attracted you to the franchise, such as its values, product/service offering, market potential, or connection to the industry.

What are the questions about franchise agreement? ›

You should ask questions about training, termination conditions, renewal conditions, extreme situations such as the death of the franchisee and other details about the franchise. It is important you understand the history of the franchise to make sure it has the reputation you desire.

Why would you choose franchising? ›

Franchising your business can be a cost-effective way to grow your business. You will not have to cover the cost of investing in new premises or staff. Additional sales lead to additional profit and if you retain this in the business, in the long-term, you should have a saleable asset for your future.

Why would someone want to be a franchise owner? ›

Financial success, the satisfaction of building a business, being able to choose your own hours, and being part of a supportive brand network are just a few of the perks.

Why would anyone want to pay to own a franchise? ›

Franchises offer a proven business model, which reduces the guesswork involved in setting up a business. Franchisees benefit from a roadmap that has been tested and refined, minimizing the risks often associated with new, independent ventures.

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