With an average 70% growth* from 2020 to 2021, the interior shutters market is definitely experiencing a boom! With the ‘Hardware & Home Improvement Stores’ industry in the UK increasing faster than the economy overall, this growth may be slowing, but not diminishing.
Without being a management franchise, our Shuttercraft franchise partners would definitely not have been geared to benefit from these fantastic market conditions. But what is a management franchise and why is it perfect to support growth?
So, what is a management franchise?
A management franchise involves the owner managing the operation of the business whilst relying on his or her employees to carry out the work required to deliver the required service. Often a management franchise system will operate in business to business (B2B) environments, but here at Shuttercraft we operate a business to consumer (B2C) model, combining the benefits of a management franchise with the personal touch of a local business, dealing directly with the end consumer.
Leadership qualities and/or experience are far more relevant to running a management franchise than sector experience, giving you a large range of industries and sectors to choose from. You can really find your passion and ensure you love your new venture.
Management franchises are suited to those who like to work with others and who can lead and support from the top. If you are considering a management franchise you should be able to demonstrate good leadership qualities, problem-solving, budgeting and financial decisions and excel in customer care.
The key to work-life balance
A typical ‘man in a van’ franchise restricts the amount of money that a business can create. As the business owner and sole operator, you only have a certain number of hours in the day, and once these are full the only way to increase turnover is to raise prices, or stop sleeping! Certainly not the best approach for a fulfilling work-life balance.
However, with a team of people working for you and dealing with the day to day functionality, you can step back and plan your long term strategy for growth, building in a support system and processes to support economic and industry growth (even when it is unexpected).
A good franchisor will support you in this. A great franchisor will work with you on a step-by-step plan to achieve your desired growth. Providing training to you, and your whole team, through the duration of your franchise agreement to help you achieve it.
Our franchise partner focus is not just on supplying quality interior plantation shutters, it’s about building a business that you can manage, develop and grow.
With a low-risk strategy and no previous experience required, a Shuttercraft franchise is the perfect option if you are looking for a business with fantastic growth opportunities in an ever-expanding market.