3 Daycare Franchise Questions for You
Discovery Point Blog
3 Daycare Franchise Questions for You
If you’re considering opening a daycare franchise, you may currently be in the stage of researching your options and determining which franchisor to ultimately partner with. At Discovery Point, we know this can be both an exciting and nerve-wracking time for potential franchisees.
On one hand, you can’t wait to finally open a business that gives you the freedom to follow your passion. On the other hand, the franchisor you choose will determine many aspects of your experience as a business owner, so it’s important to get this decision right.
The key is to take your time during the research process and ask potential franchisors questions that reveal their motives and values, as well as how they approach their relationship with franchisees. In turn, the franchisor will ask you questions about your intentions, goals, and expectations to ensure you’re the right fit for their brand.
Key Daycare Franchise Questions to Contemplate
At Discovery Point, our franchise team takes conversations with potential franchisees seriously. After you submit an online inquiry form with us, we’ll arrange for an introductory phone call prior to providing you with our franchise disclosure document.
During this call, we’ll get to know more about your specific situation and professional history. As our daycare franchise model is built around the values and ambitions of center owners, it’s crucial for us to make intentional partnerships that offer long-term rewards for both parties.
Below, we’ve listed some of the questions you can expect to be asked by any franchise team you may be considering.
1. Do you understand how franchise ownership differs from independent business ownership?
Becoming a franchisee is quite different from opening a business on your own. In some ways, it can be more freeing. After all, you’ll have a proven business model to work with and expert support with marketing and training. Rather than spending your time and resources focused on these areas, you can jump straight into doing the work you’ve always dreamed of.
Of course, you’ll have to work according to the franchisor’s specific rules and the details of the franchise agreement. While you will be running your own business, you’ll still have a corporate team to report to and set guidelines to follow.
Since operating a franchise does not come with complete autonomy, this type of business is best for those who thrive under structure but have the ambition and drive to determine their own success. If you choose Discovery Point as your franchisor, you’ll enjoy the best of both worlds. You’ll be able to take advantage of our guidelines, knowledge, and experience, while still being able to implement your own ideas and forge your own path.
2. Why are you interested in purchasing a daycare franchise, and more specifically, why our daycare franchise?
Working in the child care industry brings its own challenges and rewards. Those who truly excel in this field have a passion for working with children and a deep desire to make a difference in their local communities.
Running a child care center requires you to multitask on many levels, pushing your focus beyond numbers to the individuals you’re interacting with on a daily basis. If you’re a people person and want to do your part in helping the next generation succeed, a daycare franchise may be the right fit for you.
That being said, there are a multitude of child care franchises on the market, all with different models, philosophies, and curriculums. Some franchises offer the option of owning your own real estate, while others do not have this added investment potential. In addition, franchisors vary in the level of support they provide franchisees both at the outset and on an ongoing basis.
An often overlooked variable differentiating franchise brands are the core business values and philosophies they adhere to. When entrepreneurs share the values of their chosen franchisor, they typically have a more positive experience as business owners and find their relationship with the franchisor to be a huge asset. Selecting a franchise brand you feel you could confidently and whole-heartedly represent is essential.
3. What are your long-term personal, professional, and financial goals?
A person’s goals can reveal much about them. Franchisors will likely ask you about your goals to gain a better understanding of your expectations as a business owner and determine whether your aims align with what they offer.
These goals could include a desire to work alongside your spouse or family member, specific income objectives, and an eventual exit strategy from the business. A lack of goals is a big red flag for franchisors, as most are looking to partner with forward-thinking entrepreneurs who possess a vision that’s ready to be fleshed out.
The questions above are only three of many you can expect to be asked by franchisors. Contemplating your answers to these questions before reaching out to a franchise company can help you define your intentions and select a franchisor who shares your values and can help you achieve your goals.
If you’re ready to take the next step to purchase a daycare franchise, reach out to Discovery Point today. Contact our franchising team at 770-623-1140 to learn more about becoming a Discovery Point owner.