Five Star Painting Franchise

Despite the misfortune that the business world has experienced this past year, many are finding opportunities to build their business in this downward economy. Franchising is one of them.

Perhaps the most important thing you can take from franchise ownership is simply the title of “owner”. If you are a new entrepreneur and want to be your own boss, then this is the chance to try it out. Keep in mind that often time’s people who are investing or backing a business will push you to go all the way. Many will fail, a select few won’t. It’s the few that pay off all of their other failures. If you want to do what is best for you, then get some experience – real experience – in a franchise business before you run out and try and do a start-up. My bet is you will learn a lot, make some money and put yourself in a position to succeed.

The process of selling a business – any business – is one that can only be learned by doing. You can also learn a lot about buying a business as well (even though you are the seller) because the process has an innate transparency in that at the end of it, you know exactly what the buyer and seller were thinking and doing. If you don’t sell your franchise and instead keep it open as you move on, you learn a lot as well. Namely, how to pick great people, how to delegate and how to incentivize others to perform at the level you are accustomed to doing yourself.

Buying a franchise is really forming a partnership. It is a two-way relationship where both parties bring important tools and skill sets to the table. Make sure that the partner you are going to work with is able to provide you with some of the important skill sets and tools that you need to improve your ability to take advantage of what will likely be one of the biggest opportunities in our lifetime.

At Five Star we work hard with our franchisees to help them bootstrap their operations and keep costs under control. Critical to this success is the use of technology to help owners zero in on the most cost effective spend for their marketing dollars.

For more information on franchising with us, please call Five Star Painting at 1-866-965-STAR.

Interested in franchising? Well today is your lucky day. Five Star Painting focuses on franchising as a means to increase growth. Franchising represents one of the largest economic drivers in the Unites States today, representing nearly nine percent of gross domestic product. The franchise model attracts entrepreneurs from all walks of life looking to take advantage of Five Star’s years of experience in the painting industry. It is widely accepted that most small businesses fail in the first three years, the franchise model has been shown to increase the likelihood of success. This success is partly due to the combined buying power and brain power of entrepreneurs under one brand.

Franchise Times magazine published the Fast 55 ranking of the fastest growing franchises in 2010. Five Star Painting is ranked no. 16 and the average unit growth number  from 2004-2008 is 416.09%.

Franchise Business Review ranked Five Star Painting as the number one franchise painting system and in the top five best franchise systems in the home services market.

The painting industry is estimated at nearly $100 billion annually, is it one of the oldest and largest industries in America. It is not difficult to understand why; with ever changing trends, homeowners and business owners are regularly changing the interior and exterior paint colors of their homes and businesses. The result is a stable and growing industry.

If interested in learning more about opening up a Five Star Painting franchise in your area, click here.

Sir Winston Churchill once said that, “a pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” Despite the misfortune that the business world has experienced this past year, many are finding opportunities to build their business in this downward economy.

At Five Star we work hard with our franchisees to help them bootstrap their operations and keep costs under control. Critical to this success is the use of technology to help owners zero in on the most cost effective spend for their marketing dollars. Information systems are becoming more and more critical to any business to be able to monitor and create key performance indicators (KPI’s) regularly. Every business has these leading indicators (call volume for the painting industry) and lagging indicators (gross revenue for the month). Make sure that when you make the decision to pursue a business opportunity you have the support necessary to start your business on a good foundation. Here is an example of a key performance indicator graph.

Buying a franchise is really forming a partnership. It is a two-way relationship where both parties bring important tools and skill sets to the table. Make sure that the partner you are going to work with is able to provide you with some of the important skill sets and tools that you need to improve your ability to take advantage of what will likely be one of the biggest opportunities in our lifetime.

Franchise companies are finding ways to fix problems by being more cost efficient, improving communication with franchisees, and launching new concepts. Integrated software is a useful concept to help your franchise grow. Most franchisors take advantage of this to manage their sales, customer service, and operational-business processes. Many franchises have to reconsider new approaches, but a tight budget shouldn’t be the reason to delete market research from your company’s planning. Technology makes marketing research costs manageable. Five Star Painting uses their own software system that benefits not only the franchisee, but the customer as well. It allows the customers to have detailed estimates that save time and money.

The franchising process hinges mostly on teamwork. This involves the corporate staff who works closely with franchisees that take pride in delivering great customer service, quality, and support. Employees are searching for opportunities to learn, grow, and perform at the highest level. Cross-training and increased exposure to new tasks and functions is one of the best ways to maximize employee potential and productivity.