A Beginner’s Guide on How to Own A Franchise This Coming 2025

As the new year approaches, you might be thinking about big changes for 2025—like leaving the 9-to-5 grind and starting your own business. If you've been considering franchising, you're not alone! But knowing how to own a franchise this coming 2025 can seem overwhelming with all the fees, systems, and paperwork involved. Don't worry—I’m here to simplify it for you. In this blog, I’ll walk you through clear, easy steps to kickstart your franchise journey in 2025. Whether you’re a complete beginner or just exploring your options, I’ll provide straightforward advice to help you navigate the process with confidence.

Start by Understanding What Franchising Really Is

Let’s begin with the basics. A franchise is a business model where you buy the right to open and run a branch of an already successful business. Think of it like joining a team that already knows how to win. The franchise provides you with the tools, training, and support to operate a business using their proven system.

Why is this helpful for beginners? Instead of starting from scratch and figuring everything out on your own, franchising gives you a blueprint to follow. You don’t need to reinvent the wheel! Plus, we offer a free online e-course to help you understand the franchise industry.

Find a Franchise That Fits You (Not Just Your Budget!)

One of the biggest mistakes new franchisees make is picking a business based on price alone. Sure, you want a franchise that’s affordable, but you also need to think about your interests, skills, and lifestyle. For example, if you love food but hate early mornings, maybe a restaurant franchise with late hours isn’t the best fit for you.

This is where it gets fun! Do some soul-searching to figure out what you’re passionate about. Are you into education, healthcare, or providing service to people? Once you know your interests, you can narrow down franchises that align with your passions, which will make running your business way more enjoyable.

Research the Franchise (Don’t Skip This Step!)

Now, I know researching a franchise can sound boring—like homework you’ve been avoiding. But trust me, it’s one of the most important steps to get right. Look at a franchise’s track record, how they support franchisees, and whether their values align with yours. Do they have a solid history of success? Are there testimonials or reviews from other franchisees? This is key to avoiding future headaches. Think of this like a first date. You wouldn’t commit without getting to know the person, right? Same goes for your future franchise partner!

If you're looking for more in-depth guidance, check out my book Your Franchise Road Map: From Discovery to Decision. This is a perfect guide for future franchise owners on how to start franchising. It’s packed with actionable tips and insights to help you navigate the world of franchising.

Don’t Be Afraid to Ask for Help

Franchising doesn’t have to be a solo journey. In fact, one of the best parts about franchising is the community. If you’re confused or need guidance, don’t hesitate to ask for help! Whether it’s from other franchisees, the franchisor, or even a franchise consultant (like me!), there are plenty of people out there who want to see you succeed. I’ve been invited as a speaker to countless expos and workshops across the state and I’ve had the privilege of meeting aspiring entrepreneurs who knew nothing about franchising just like you. But with the right support and resources, many of them are now flourishing in their franchise journeys. Owning a franchise is a team effort, and you’ll never have to go through it alone!

Your First Step Toward a Thriving Franchise

Ready to start your franchise journey in 2025? I’m Tamika Franklyn, a franchise broker and consultant, here to guide you through the process. With the right support and a clear plan, you’ll be on your way to success. Franchising is simpler than it sounds—step by step, it can lead to financial freedom and personal fulfillment. I’m currently scheduling appointments for the second week of January and beyond. Let’s make 2025 your best year yet—schedule a free consultation here. Let’s connect!