Fact 1<\/strong>: Consumers are increasingly time-poor. When it comes to most things (even plumbing) they will tend to go with big names they know and trust, rather than one-man-band operators who may come and go. Particularly in cities, it’s no longer the case that everyone has a friend or relative who’s a plumber, electrician or carpenter.<\/p>\n Fact 2<\/strong>: Heavy development in urban regions means water and waste systems are often buried under roads and buildings. This makes excavating to repair broken pipes the traditional way is becoming more expensive, impractical and disruptive.<\/p>\n Fact 3<\/strong>: Uptake of trenchless methods<\/a> of pipe repair (such as CIPP relining) is, therefore, increasing significantly and plumbers who don’t offer these options are reducing their capacity to give their clients the best possible service.<\/p>\n Fact 4<\/strong>: The franchise sector provides an environment that facilitates entrepreneurial activity and encourages innovation 1<\/sup>. It offers aspiring entrepreneurs the opportunity to run their own business while being backed by an established and proven system.<\/p>\n Fact 5<\/strong>: Franchising is a growing industry sector in developed countries, representing four per cent of the Australian economy.<\/p>\n These are some of the reasons forward-thinking operators are considering plumbing franchise opportunities in Australia and New Zealand around drain cleaning and composite resin pipe relining.<\/p>\n This article will look at some of the benefits of franchise opportunities and detail the important steps one should consider if they want to own a franchise.<\/p>\n It will also look at the Nuflow franchise model and explain why it is one of the best plumbing franchises to buy in Australia.<\/p>\n One of the strongest trends in this new millennium is the growth of entrepreneurialism. But our images of the entrepreneur as being the head of an IT start-up or a young go-getter on Wall Street are skewed. In fact, the most popular entrepreneurial ventures are franchise businesses in things like services, foods and the medical\/health industries.<\/p>\n For tradespeople, that can mean having the foresight and business acumen to look beyond what’s happening today in order to see where things are headed in the future.<\/p>\n Owning a franchise offers the best of both worlds.<\/p>\n Firstly there are the benefits of not having to think about (and do) all the boring stuff yourself. Franchise opportunities generally incorporate tried-and-true models of how to do things. They have standard forms which should cover all aspects of operations (WHS, warranty documents, insurances etc.). They usually include centralised, co-ordinated marketing that gets the brand messages out to consumers and which have far greater reach than most self-employed or family operations can achieve.<\/p>\n Training and education is another area where franchise models come into their own. Large organisations often have their own education, research and training arms. These areas of the company are responsible for staying abreast of industry trends and developments. They are also responsible for conveying this information to franchisees. This means you have someone with their finger on the pulse keeping you informed. The training and education is also vital for keeping you (and any staff) up-skilled. The franchisor really is a stakeholder in each franchise’s success, and they want you to get good results. A failed B2C relationship in one franchise can reflect poorly on all franchisees and the company as a whole, so a good franchisor will always be there to offer advice and support.<\/p>\n The other side of the coin is that you can still have your independence and a flexible lifestyle. Most franchisors will allow individual operators the flexibility to make plenty of choices about how their business operates. You can also have a number of franchises at once, or run a franchise alongside other businesses, meaning you are not putting all your eggs into one bucket.<\/p>\n In 2018 the top 10 franchises were mainly food and services:<\/p>\n The franchising industry outlook<\/a> (2019-2024) has predicted average industry growth for the period with a strong demand for service-based franchises over that time. Obviously the recent global health crisis will impact all industries, however, in terms of essential services (such as plumbing), it is likely that there will be a significant bounce-back in 2021-2024.<\/p>\n But buying a franchise is not necessarily the right choice for everyone. There’s a difference between someone who is good at what they do (i.e. a talented plumber) and someone who has the business expertise to run a successful franchise.<\/p>\n At the heart of it, a good franchise manager is an entrepreneur. They need to have some business experience before starting because it’s the business elements that count the most. Things like managing finances, converting enquiries to sales, record-keeping and even human resources (who you have on your team and how you manage them) can be the real keys to whether a franchise succeeds or fails.<\/p>\n Like any business decision, you should consider franchising carefully and follow the right processes because a franchise (like any business) can still fail. There is a franchising Code of Conduct<\/a> administered by The Australian Competition and Consumer Commission (ACCC) which both franchisees and franchisors must follow.<\/p>\nTHE BENEFITS OF OWNING A FRANCHISE<\/h2>\n
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<\/a><\/h1>\nWHAT TO CONSIDER IN PLUMBING FRANCHISE OPPORTUNITIES<\/h2>\n