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About Leadership Management International (UK) Ltd
Leadership Management International (LMI) was establish in the US in 1966. The personal development programs offered by the company are now available in 80 countries and in 26 languages. Franchises are available in all these regions. There are now in excess of 500 franchise owners globally.
The franchises provide sales, leadership, and management training to both individual and corporate clients. The aim of LMI is to help organisations by equipping people to achieve success and realise their potential. The theory behind the LMI program is that productive, fulfilled people lead to a successful and competitive organisation.
The program addresses what the company calls the “four key leadership domains namely: executing, influencing, relationship building, and strategic thinking”. The LMI program is a multi-sensory one, which enables individuals to think and behave differently. This boosts their performance and, by extension, that of the company. All programs offered by franchisees are CPD (Continuing Professional Development) Certified.
The job of a Leadership Management International franchisee is to meet with potential clients, identify performance gaps, and then – using the proven programs – coach and train the individual.
All the necessary skills to carry out this work are taught by the franchisor.
LMI franchisees see themselves therefore as enablers and developers of both people and organisations rather than as business consultants. This is far more effective and rewarding for all parties involved. Franchisees are coaches and facilitators, not simply trainers.
A review of the Leadership Management International franchise
Franchises are available throughout the UK. While LMI provides comprehensive training, there are some attributes and skills that make some individuals a better match for this business opportunity than others.
Most successful LMI Franchisees have a background in business. They also have strong work ethics, a positive attitude, and are committed to the philosophy behind what Leadership Management International does: developing people and helping them to become successful.
If you are interested in exploring LMI and a franchise with the company, the franchise invites you to contact them via email, phone, or their website. Following this initial enquiry an appointment will be scheduled. At this meeting, which lasts approximately three hours, you will be provided with an introduction to the company, details about franchises, a comprehensive information pack which includes a copy of the standard Franchisee Agreement, and the opportunity to ask questions.
You will not be required to commit yourself at the end of this meeting, so you can take to read through the information pack and speak to, or meet with, existing franchise owners if you wish to do so.
How much does a Leadership Management International franchise cost?
The cost or investment amount for a franchise package with Leadership Management International is £15,500 + VAT. This makes you the owner of an LMI Franchise and entitles you to comprehensive training and life-long support with your franchise activities.
For an additional £4,500 + VAT you would receive access to an additional half-day training workshop on the “Foundations of Success” and a bespoke marketing initiative to help get your business off the ground.
What will I get from LMI for my investment?
Once you have signed with Leadership Management International you will be provided with:
Training: Details of the training are provided during the initial meeting. However, the training runs over nine days and provides a thorough knowledge and skills base from which to build the franchise business. Thereafter there are ongoing free one-day national training and development workshops held approximately every two months.
Products and services: As a franchise owner you will be given Master Copies of all the Leadership Management International programs and six Prevue Assessments.
Support: You will receive support at the time of launch and on an ongoing basis.
Protection: New franchisees also receive Public and Professional Indemnity and other professional insurance for the first year.
Stationery: A pack of LMI-UK branded stationary that is tailored for your franchise is also given to new owners.
Do I need experience?
While experience running a business or doing coaching or training is not necessary, some sort of business background is. Attitude and commitment are key.
Do I have to pay anything after my initial investment?
You will have the usual operating costs that go with running a business from home or other premises. However, in terms of payments to LMI these are limited to a £200 service support fee.
Once you land a contract / contracts you will begin to pay fees to the franchisor. Given LMI states that a franchisee receives 60 per cent to 75 per cent of the fees paid by a client, one may suppose that fees are 40 per cent to 25 per cent of the value of the contract. These details would be discussed with the franchisee at the appropriate stage.
Does LMI offer financial assistance with the initial franchise package fee?
No, but – in certain circumstances – the franchisor is open to discussion as to how the initial investment is paid.
Where does Leadership Management International operate?
There are opportunities to establish new LMI franchises anywhere in the UK.
Will I be able to get an area of my choice?
You would have to enquire directly with LMI UK.
Can I talk to an existing franchisee?
You will be referred to existing owners after your initial meeting and if you expressed interest in becoming a member of the UK Leadership Management International network or team. It is, though, possible to talk to franchisees earlier in the process if you are very keen to do so.
What are the average earnings from a franchise?
Given there are so many variables it’s not possible to quantify monthly or annual earnings. However, the franchise is designed to offer return on your investment and the potential to grow your business.
In addition to providing the LMI training and coaching, as a franchisee you have the right to distribute and make money from the Prevue Assessments and Coensus-HR product. Both of these organisations have established relationships with Leadership Management International as the various products and services complement each other.
Is income guaranteed?
Income is not guaranteed as it depends on several factors including the amount, range, and quality of work done by the franchisee.
How soon will I start making money?
Leadership Management International UK makes every effort to help you to launch and sign up clients quickly.
Do I need to do my own marketing?
You will benefit from the Leadership Management International brand and the franchisor’s support. In addition, you will be provided with leads and introductions so that the need for cold calling is eliminated.
What is not included when I purchase a Leadership Management International franchise?
You will be running a business from home, so you need to invest in the equipment you require: telephone, computer or some device that allows you to access emails and prepare documents, stationery, etc. You may receive guidance about this from the franchisor or other franchisees.
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Leadership Management International (UK) Ltd
Provides training programs that promote leadership and management development to boost...£18,000 Minimum Investment