Franchise Spotlight: Legal & Finance
Get to know if this is the sector for you and find the right franchisor.
Whether you're after a legal or a finance franchise, we have the right option for you. Take a look through the options and decide if you have the right skills for this industry.
Here we look at each sector specifically.
Is a legal franchise for me?
The attributes you need to pass the screening process partly depend on the legal services provided. Most franchises are not looking for experienced solicitors to deliver legal advice, but for entrepreneurial individuals to run the business.
They often welcome people from a wide range of backgrounds. However, experience in senior management or running businesses will likely strengthen your candidacy.
It’s a lucrative sector, but it’s not just about making money. Honesty and integrity are paramount and you must navigate a complex environment with much at stake.
You’re providing expensive services that can nevertheless save customers time and money overall and provide invaluable peace of mind – making legal franchises rewarding in non-financial ways too.
Law is a relationship-building business and it helps if you enjoy and excel at networking – often a major source of leads!
Attributes required for running a finance franchise
Ongoing training and support
However, as Paul – a franchisee who retired from the construction industry to become a financial adviser to that sector – points out, there can often be advantages to having had a previous successful career: ‘I have learnt such a lot … [but] they have benefited from my inside knowledge.’
Nevertheless, as an initial ‘financial novice’, he also acknowledges: ‘The training was good and very intensive – you are ready to hit the road running … The aftercare has been excellent. Almost every associate I have contacted has gone out of their way to help me.
Finance franchisors will expect suitable candidates for the financial services sector to enjoy meeting people, to have personal drive and determination, and to possess the self-discipline to be able to follow the demands of their particular franchise model.