Franchise Launch – The Retirement Income Store

Franchise Launch – The Retirement Income Store

People who are thinking about owning a business are in good company. Over 8% of the US population owns a small business and the majority of small business owners enjoy and appreciate their work. Small businesses account for 60 million jobs each year and employ nearly half of the workforce in the United States. While a lot of people want to own a business, the climate for owning businesses isn’t always friendly. Over half of new businesses fail in the first 5 years. People can raise the odds of their businesses being successful by joining forces with a business that is already there. Interested investors should consider franchising a retirement income business, such as The Retirement Income Store. Here is some information on how franchising works, and what to expect during the franchise process.

Researching the Best Franchise Investment

People who are thinking about opening a franchise business should do their homework as a good first step. Prospective franchisees need to research several things about companies they may want to invest in. Market research should be one of the first things in a research plan. It is really important to do market research because prospective franchisees need to be familiar with the market in the area. Even for those franchisees who think they know the retirement investment market in their areas, more research never hurts. While prospective franchisees are doing research, they should write down any questions that they have. This gives them a good idea of questions they need to ask moving forward.

Executing the Franchise Plan

The Retirement Income Store hasn’t opened all of its locations without an understanding of what it takes to be successful at retirement investing.  The Retirement Income Store provides a host of help during the launch. For example, RIS helps franchisees select a site for their new business. They have exemplary employee training and marketing materials. One of RIS’ best assets is all of its market research, which gives franchisees a leg up on the competition. The Retirement Income Stores believe that the more training their franchisees have, and the more training they give their employees, the greater the possibility of success.

Ongoing Management and Operations of the Franchise

The Retirement Income Store does a lot of training before a new franchise even opens, but they also believe in continuing training after the store opens. Because investment products, markets and retirement products are constantly changing, RIS wants to change and keep up with the times as well. As a business grows, they will continue to provide training, so their franchisees can expand their businesses and become successful. The Retirement Income Store knows they are only successful if the team of franchisees grow into a success.

For more information, contact FMS Franchise.