Are you thinking of purchasing a franchise someday?
If so, you’re going to be focusing on things such as finding a franchise that’s a good fit for you, doing research, scouting out potential business locations and getting a small business loan.*
In other words, you’re going to have certain goals in mind when you start looking for franchise opportunities that could make sense for you. Most of your goals are going to be short-term ones. You’re probably not going to be thinking about some of the long-terms things—like how buying and opening a franchise business can and will impact your local area.
Start A Business
That’s how community impact begins.
It’s simple; open a franchise business somewhere in your local area, hire some employees and start growing it.
If you’re lucky—which means that several things happen in your favor—you may even be able to open up a second franchise location. If you were to do that, you’d be able to hire even more employees.
Adding new jobs to your local economy is only one way that opening a business impacts your area. When a new business opens up, other local area residents get to become involved, too.
If the new business requires a commercial space, you’ll need to hire the following specialists:
· Light construction workers
· Sign makers
In addition, all businesses (whether they require a commercial space to operate or not) use attorneys and accountants, and they’ll almost always be local ones.
If you do become the owner of a franchise business, and your franchisor believes in community-related events and causes, you’ll be given the chance to really impact your local area.
A good number of franchisors do sponsor events and causes; some of them trickle down to the local level.
Here are a few examples:
Stuffed with Hugs*, a Build-A-Bear Workshop® charitable program, is now in its eighth year of helping kids around the world. This annual event allows guests to visit their local stores and make a teddy bear for free to be donated to children in need of a hug. Year to date, more than 325,000 donations have been made to community organizations around the world.
The Taco Bell Foundation for Teens has been inspiring and enabling teens to graduate high school and reach their full potential through its programs, partnerships and direct financial assistance. The Foundation’s support has impacted the lives of more than one million teens.
The Foundation offers core programs that motivate teens to stay in school and provide job training to help them identify career opportunities and interests. Go here * to see what the Taco Bell Foundation For Teens has been able to accomplish.
Since 2007, Sport Clips* has been helping U.S. service members connect with their loved ones through their Help a Hero program, benefitting the Veterans of Foreign Wars’ Operation Uplink™ Free Call Days. Through company and client donations, more than 2 million phone calls have been made possible and almost 2 million dollars have been contributed to the program to date. In total, the Operation Uplink program has provided more than 7 million free connections to U.S. service members.
At the end of each day, Panera Bread donates all unsold bread and baked goods to local area hunger relief agencies and charities as part of its local Day-End Dough-Nation program. Collectively, Panera bakery-cafes donated a retail value of approximately $100 million worth of unsold bread and baked goods in 2010 to help neighbors in need. Check out what else Panera Bread franchisees do.*
The examples above are just the tip of the iceberg when it comes to franchise organizations that get involved in various causes.
You can, too.
Just buy a franchise that will enable you to do so as part of your ownership experience.
*Non US Government links