Here’s an important truth: when you buy a business coaching franchise, you’re in business for yourself. You’ve bought a system, not support.
That means you’re expected to adhere strictly to the franchisor’s operating system…but generally with little or no actual support from the franchisor!
It costs the business coaching franchise offices a lot of money to pay for field support for franchisees, so most of them cut costs wherever they can, leaving you on your own. UNLESS you start breaking the rules. Then they’re all over you.
Most franchise agreements are written to protect the franchisor, not you. They typically contain language that restricts what you can and cannot do with your business. Many frustrated business coaching franchisees have discovered that they actually have less control over their own operation and destiny than most employees do…with fewer avenues for recourse in the event that things get ugly with the business coaching franchise relationship.
Many frustrated business coaching franchisees have discovered that they actually have less control over their own operation and destiny than most employees do...with fewer avenues for recourse in the event that things get ugly with the business coaching franchise relationship.
And yet, during the sales process, many business coaching franchise companies will try to sell you on the idea that you’re buying into a “protective relationship” through the franchisor. Watch out: if you end up in court, they’ll probably argue the exact opposite–that they are merely sellers of a service and owe you no special duties of care or support, appealing to their franchise agreements as evidence of this.
Protect yourself before you enter into a business coaching franchise agreement by reading the fine print carefully! As a business coach, you don’t want to wind up in a bad situation where you’re expected to perform in the market without any help or support while paying a massive franchise fee each month. Instead, check out a way to transition into business coaching without re-inventing the wheel or risking your life savings.