There is a growing desire of people with an entrepreneurial vision to start something of their own. Some people standstill because of the lack of experience; others worry about failure with a business model. However, the best solution for anyone who wants to start a new business is to focus on the franchise.

Why? The franchise provides an opportunity for people to develop a business in a safe and easy way - with an already established and successful business model and with zero experience requirements. The only necessity is desire.

Franchising is a safe and proven method for a reliable start, in which the cooperation between two parties works for mutual success. And what could be better than that?

What is a franchise program?

As a franchisee, you have the right to use the name of a well-known brand by following its instructions and tips for successful development according to an already established standard. This means that you are already starting with an established name on the market. This is proven to be the most profitable business model! However, it also raises questions such as "How to recognise the reliable franchisor?"

First step: Negotiation and the franchise terms and conditions

Keep in mind that buying franchise rights does not mean that you will get ownership of the brand and the system. The franchise agreement provides a limited, non-transferable, and non-exclusive right to use a trademark, logo, and operating system.

With MindHub, for example, this means that you can use our name, logo and our children's programming training systems. A contract is concluded for a specific period of time, and this is explicitly mentioned in the agreement between the two parties.

Carefully monitor when signing such a document and whether all points are correct. Nonetheless, make the necessary research in advance for the market and for the franchisor.

Step 2: The services of the franchisor

When you reach the stage of the agreement between you and the franchisor, take the time to carefully check the timing of the services they will provide. All services must be clearly described and distributed for the period before the opening and after the launch.

Get acquainted with each specific - what you will get for the start - help to find a location, equipment with the necessary systems, supplies, accessories, etc. And also, after the opening - management systems, schedules for managing mentors, and other useful guidelines and tools to successfully deal with the business.

Step 3: Term and renewal of the agreement

When you choose the franchise business that you think will be most suitable for you, and after you do the necessary research for its success and reliability, you can proceed to the conclusion of an agreement between the two parties. After reviewing the services, you will receive after signing, look at the details of the deadlines - duration and renewal period.

The term of the franchise contract is calculated from the date of signing the agreement to the date on which it expires. Assess whether this is convenient for you and get acquainted with the possibilities for re-signing the contract after the expiration of the term. This may seem like a slightly boring part of the process, but it is extremely important for you in the long run.

Step 4: What will the training be?

After going through the initial stages with the franchisor, he must and will provide training to help you better understand the franchise’s specifics. The contract must include this section with mentioned and described seminars and meetings, which both parties must attend.

The franchisor will take care of the necessary materials and information so that your process can run smoothly and according to a plan that guarantees the franchise’s successful management.

Step 5: Termination obligations and conditions

As the saying goes, "in the beginning, mind the end." You need to be familiar with the steps you will go through when the period of your agreement expires. This means one-sided termination by the franchisor or the franchisee, expiry of the contract or other precondition. The contract must explain the different and specific steps that are taken for each option.

Pay extra attention to them and consider each situation’s possible outcomes and whether the conditions seem that they are in your favour.

Most importantly...

A major part of the process of starting any business is research. It is important for you to get acquainted with each specific and to be ready for the surprises you may have along the way.

Remember that you, as a franchisee, are an independent contractor, and therefore, the responsibility for taxes and employees is the same as for your own business - entirely yours.

With MindHub’s franchise, no prior programming experience is required! You will receive ready-made programming courses for children from 6 to 15 years, methodological materials and instructions for each lesson. This way, your mentors and teachers will know what approaches to use, what to teach and many more details about the learning process.

The reliable franchisor is the one who will mostly care about you. The one that is responsible, loyal, responsive, and honest. The MindHub franchise program is exactly what you are looking for!