When opening a new business, starting from the ground up and doing everything by yourself can be one of the most intimidating tasks for new entrepreneurs. Most research shows financial limitations are one of the top reasons most people choose not to start a business in the first place. The fear of financial catastrophe and not being able to compete due to insufficient capital is a big problem.
Starting your own business without a dedicated support system and an experienced oversight team can leave new owners feeling exposed, overwhelmed, and paralyzed by the fear of disaster. People who want to work for themselves shouldn’t have to be petrified by the idea of doing it on their own.
Fortunately, there’s a proven business model that allows aspiring business owners to venture into the fundraising industry for school athletic programs or clubs without the worry of also setting up an entire business from scratch.
And that’s the franchise model.
What Is It Like Opening Your Own Franchise?
Opening a franchise brings its own kind of concerns to prospective operators. Mega franchises are known for their stifling corporate structure and demanding sales targets, and the upfront costs and overhead can put a real dent into what franchisees take home. In addition, everyone’s heard the horror stories of middle management breathing down operators’ necks and micromanaging the business to death.
Taking a Leap of Faith Feels Risky
The good news is, there’s a middle ground between no support system at all and one so dense it feels like you are just another cog in the wheel. In the middle ground resides Fundraising University, an up-and-coming franchise opportunity based in Overland Park, Kansas that believes in empowering everyday people to start their own business without the hefty overhead costs of an independent operation and with a built-in support system that can help you meet your goals and still give you the freedom to run your business, your way.
How do we know? We could point to the overwhelming success statistics of our brand or the awards we’ve won as a f but why do that when we can turn to the heart of our operation: our own franchise owners?
One of those owners is Dan Smith, who joined Fundraising University in March 2020. Dan is just one of our successful franchisees who, in the face of unprecedented adversity, started his own small business under our guidance. He is now one of Fundraising U’s top operators who lifts up sports clubs and entire school districts.
You can accomplish similar success using the same resources we offer at Fundraising U.
Dan Smith on Fundraising Universities Franchising Operation
Fundraising University’s strategy revolves around three key pillars that helps with franchisee success: the IDEA, the PREPARATION, and the NETWORK. It’s these three forces that push the Fund U machine onwards and upwards and boost our franchisees to new heights.
The Fund U Difference
The idea behind Fundraising U was an inherently simple one. What if there were a way to combine our passion for uplifting teams and clubs around the country with the entrepreneurial spirit of thousands of Americans? That potent combination was what gave rise to Fundraising University, an idea that spoke to people like Dan around the country. People with big hearts and lots of passion for giving back to their communities but who lacked the definitive outreach method that Fund U can provide. Fundraising U is the kind of idea that was built on bringing people together, and the idea that if we can help even just one team get something they need, then our mission is fulfilled. From initial planning meetings through product delivery, our coaches will join school sports programs in every step towards a successful fundraiser.
Preparation for Opening a FU Franchise
One of the most important phases of becoming a franchisee of Fundraising U is the training process. Fund U is committed to providing our franchisees with all the education they need to take their franchised business from its fledgling stages to a powerhouse in your community that energizes school sports teams. Our in-depth training process covers everything you need to know about the ins and outs of the franchise process, as well as tactics, lead generation, and other important steps to make your business dreams a reality.
The Franchiser Network
Another key ingredient to the Fundraising University formula is that the network of Fundraising U franchisees and its corporate structure is built on the foundation of supporting and uplifting our operators. We believe in meeting the needs of our people and helping them every step of the way. It’s imperative because when our people succeed, we succeed. Fundraising University was built by people like Dan Smith because those are the people who deserve to succeed in this business.
The Franchising Basics to Get Started
Starting your own Fundraising University franchise is an exciting business opportunity filled with potential, but it’s essential to understand the foundational elements involved in this venture.
Here’s what you need to know to get started:
- Initial Investment
To become a Fundraising University franchisee, you’ll need to consider the initial investment range amount. This investment covers various initial setup costs, including equipment, marketing materials, and other operational necessities. - Franchise Fee
A franchise fee is included in your initial payment. This fee grants you access to the Fundraising University brand, business model, and support systems. - Royalty Fees
As a franchisee, you’ll be required to pay ongoing royalty fees, which will be a flat rate of your gross sales. This fee contributes to the continued support and resources that Fundraising University provides, helping you grow your business effectively. - Liquid Capital Requirements
Before embarking on this journey, it’s crucial for potential franchise owners to have sufficient liquid capital to sustain their franchise during its initial phase. Fundraising University generally recommends having at least $50,000 in liquid assets to cover operational costs before your business becomes profitable. - Training and Support
Initial and extensive training are crucial components of the Fundraising University franchise model. Unlike with an independent business and your sole responsibility, with Fundraising U, you will undergo comprehensive training designed to equip you with strategies for lead generation, marketing, and operations management. This training ensures that you are well-prepared to run your franchise successfully from day one, and you can expect ongoing training materials as well. - Franchise Disclosure Document (FDD)
As part of the franchising process, you will need to request the Franchise Disclosure Document (FDD). This document provides essential information about the franchise that will be crucial for prospective franchisees, including financial performance representations, legal obligations, and operational requirements. Reviewing the FDD thoroughly is crucial before signing any agreements. - Franchise Agreement
Once you’ve reviewed the FDD and feel comfortable moving forward, you’ll enter into a franchise agreement. This legally binding document outlines your rights and responsibilities as a franchisee, as well as the obligations of Fundraising University. - Marketing Fees
In addition to the initial franchise fee and royalty payments, some marketing fees may apply. Fundraising University typically requests a small percentage of your gross sales or a fixed rate for national marketing initiatives aimed at increasing brand recognition and driving overall sales.
Understanding these franchising basics will prepare you for a successful journey with Fundraising University. By laying a solid foundation, you can maximize your potential for driving fundraising success in your community while being supported by a strong network of like-minded franchisees.
Ideal Candidate and Qualifications for a Fundraising U Franchisee:
We want someone who:
- Has strong sales and customer service abilities.
- Is good with time management.
- Has a service offered skill set.
- Has high personal standards.
- Can meet initial investment requirements.
- Is an existing sales professional.
- Is an entrepreneur with experience in sales networking.
- Is a former business owner.
Fund U: Start a Franchise Today Without the Risk.
So why stay down to the grindstone, working for someone else when you could be your own boss, making your own money, and doing work you love for people who need it? Fundraising University wants to help make your entrepreneurial dreams a reality. All we need to do it, is you. Now is the time to join one of the fastest-growing franchises in the country, one that’s rated as a top 500 franchise by Entrepreneur Magazine. Now is the time to join Fundraising University!