Case Study of a Home Based Franchise Owner

October 30, 2007 by Chuck | 0 Comments

This is a franchise promotion for a UK franchise company. The guy started working from home (but not always at home). He did so well he’s now selling that home based franchise to get into something else. He was so successful, he’s having to hire staff. He can’t stand that idea and wanted to find something that would let him keep working on his own.  I think this is where you’re supposed to say “your results may not be this good!”

From FranchiseWire 

Steve comments “When you start a business, franchise or not, in the beginning you are the van driver, managing director, accountant and warehouseman. Because it was my own business I had to learn (although it must be said the franchisor helped) to manage budgets, cashflow and invoice management, develop sales targets and marketing strategies. Five years on I now see myself as a businessman and no longer a salesman”

Since starting his Lasertech franchise Steve has built a very successful business, turning over just under £300,000 per year from just a single van and based from home. With low overheads from being home based, Steve has earned himself a substantial income over the last few years and has proven his new found business management abilities.

Coming up to his fifth year Steve came across an opportunity that really appealed to him and he invested what he had earned from his franchise into it. The reason Steve is moving from Lasertech is as he comments “I used to manage a large and successful sales team, but I always had the frustration of people not meeting my own expectations, this led me to want to work on my own which is one of the reason why I purchased the Lasertech franchise. However five years on my franchise has reached the stage where the only way forward for it is to employ staff, and that is basically a position I did not want to be in”

In Case Studies, Franchises

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