Description

Send us a text

If you're considering buying a franchise, knowing the benefits and drawbacks is important. 

Danielle Chaisson, owner of a Mr. Handyman franchise in Dover, NH (called My Handyman), gives her perspective on the pros and cons of franchise ownership. Danielle gives her perspective as a franchisee but also owns her own consulting business, which offers tax preparation, accounting, and financial services. 

Mr. Handyman is part of the Neighborly Brands family. 

Host: Michelle Rowan, President and COO of Franchise Business Review

Guest: Danielle Chaisson, Owner of My Handyman in Dover, NH, and Dee Business Consultant

Takeaways

• Franchising offers a structured support system for new business owners.
• Initial training and established playbooks are significant advantages of franchising.
• Community among franchisees provides valuable networking opportunities.
• Operational constraints can limit creativity but ensure brand consistency.
• Understanding the financial commitments is crucial before investing in a franchise.
• Royalties can be viewed as operational support rather than a burden.
• Franchisees should actively engage with their franchisor for better support.
• Building relationships with other franchisees can lead to shared resources and knowledge.
• Cultural fit is essential when choosing a franchise to invest in.
• Long-term commitments require careful consideration and planning.

Resources

• Comparing the Key Benefits and Potential Drawbacks of Buying a Franchise
• Franchise vs. License: Which Model is Right for You?
• Video: 5 Key Steps to Owning a Franchise
• Best Practices: Franchise Research Checklist

Connect with Us:

Visit FranchiseBusinessReview.com
Follow us on Instagram, @franchisebusinessreview
Subscribe to our newsletter
Check us out on YouTube, @FranchiseBusinessReview
Connect with us on LinkedIn