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Number of days to ownership: 45

  • Why New Moms May Start Looking For Franchise Opportunities  

    momBusiness savvy execs turned moms often face the decision of choosing between two defining elements in their lives - family and career. Motherhood is undoubtedly a rewarding experience, and most women wouldn’t trade the experience for anything. Despite the joy that parenthood brings, some miss the business world and yearn to regain their edge. In hopes of having their cake and eating it too, more mompreneurs are seeking out franchise opportunities to fill the void.  

    "Like being a parent, owning a business is the toughest job you'll ever love," says Julie Lenzer Kirk, author of The ParentPreneur Edge. "What most people don't realize is that the right business is also one of the best ways to take control of your life." When searching for small business opportunities, flexibility within the role is a top-ranking factor. With a guaranteed off-season hitting just after April 15, tax franchises offer just that. IRS figures show there’s a growing market of taxpayers, and approximately 63% of them hire paid professionals to prepare their taxes. Tax advisers are available year-round; however, the demands within in this sector allow for the flexibilities needed when running a family.  

    Even when both parents work, making ends meet in today’s economy can be a challenge. Moms looking to start a business often fear the risk of investing in new franchise opportunities could leave their families in a financial pinch. Thanks to the low costs associated with the tax franchise model, mompreneurs won’t have to bet the farm in order to fire up their companies. Startup fees are as low as $75,000; and include rent, signage, insurance, equipment and more.  

    When you’re ready to staff your office, consider empowering other moms by hiring them to work for you. Creating a team comprised of professionals with like-minded views about their career will make for a happy and successful work environment. Big businesses often shun moms that choose family before work, while offering rigid schedules that force them to seek other solutions. “In my experience, many moms still want to contribute, to have something that stimulates and rewards them professionally,” says a franchise owner of a company set up by moms, for moms. “They want careers where it's OK to say that family is first.” And with the training and support system that comes hand-in-hand with the franchise model, prior tax experience will not be required of you or your team. 

    Not sure if this is right for you? If you’re still debating which path is best for you and your family, network with other franchisees. They will be your best source for getting to the heart of the matter, while providing honest answers to some of your most important questions. 

    For a further read on the topic, here are a couple books geared towards moms considering small business opportunities:  

    • The Entrepreneurial Mom: Managing for Success in Your Home and Your Business, by Mary E. Davis 
    • The ParentPreneur Edge: What Parenting Teaches About Building a Successful Business, by Julie Lenzer Kirk