Capitalise on the growing mobility market with an Ableworld franchise
When is a good time to go into business for yourself? When is the timing just right for a new business? Both of these questions are important considerations for someone thinking of buying a franchise.
The answer to the first question is a personal one and varies from individual to individual. It may be that you’re at a point in your life where you need a fresh challenge. Or owning your own business may have been a long held ambition and you don’t want to feel you never gave it a shot. Or you might want to do something that helps others or makes a contribution to your community.
Mitigating the risks
Starting a new business is a great opportunity to get what you want from your working life, but it’s not without its risks. One way of mitigating those risks is to join an established company by taking a franchise.
But which business franchise to choose? You need to choose a franchise that suits your situation and aspirations - and one that has a track record of success and great prospects for the future.
Take Ableworld, the country’s largest specialist mobility retailer, as a case in point. It sells products and services mainly to the older members of society; products that help with people’s mobility, like scooters or rise and recline chairs.
Ableworld offers its wide product range in supermarket-like stores, where you can buy anything to help with mobility and homecare - from a pill box to a stairlift.
20 years ago mobility superstores like Ableworld did not exist. If you wanted something for your elderly relative it was hard to find, poorly packaged and likely to be overpriced. Ableworld’s founder, Mike Williams, who has been in retail all his working life, spotted a gap in the market for a modern, one-stop mobility shop offering products and services to a growing market.
Mike timed the expansion of the company just right to coincide with the elderly population increasing rapidly and living longer. And it’s a trend that’s set to continue. Government predictions are that by 2030 there will be 20 million people aged 60 and over, nearly a third of the population.
A lot of these people will need the products and services supplied by Ableworld. And Ableworld wants like-minded franchisees to join it in capitalising on this growing market.
The sort of support you can expect from a franchisor is vital if you are to make an early and sustained success of your business. Getting franchisees off to a flying start includes getting the business itself launched in the most effective way. To help this, approximately £10,000 is invested in a marketing campaign around the launch of a new franchise.
And once the dust has settled from the surge of business that comes in after the launch, it’s important that the training and support continues both personally and business-wise. Ableworld’s professional head office and franchise support team ensure that momentum is not lost during those early critical months and beyond.
So whatever your personal reasons for change are, is now the right time for you to invest in your future by getting involved in a growing sector whose time has truly come?
You might also be interested in
- 5 things you should consider before you start your franchise
- Football’s universal appeal has helped Christine Kelly build a global franchise
- These vital tips will help you run a tax efficient business
- Established brand or emerging business? Two experts on what’s the best investment
- Children and education: the potential rewards are great in this fast growth sector