1. What qualities does Network In Action seek in an ideal candidate for franchise ownership?
Network In Action looks for franchisees who are passionate about making a difference in the lives of business owners through the creation of networking groups. We seek individuals who are typically upper-mid-level managers, executives, entrepreneurs, or experienced entrepreneurs interested in building a high-volume, scalable business.
2. Is a background in business networking necessary to become a Network In Action franchisee?
No, a background in business networking is not required. As a franchisee, your role is to provide leadership and build relationships with local business owners. Network In Action provides training and tools to help you succeed in this venture.
3. What are the financial qualifications needed to start a Network In Action franchise?
To start a Network In Action franchise, you should have a minimum of $50,000 in liquid assets and a minimum net worth of $100,000. Additionally, having at least three months of living expenses in savings or alternative income sources is recommended.
4. What qualifications are needed to be a group leader in the Network In Action franchise?
Network In Action seeks franchise partners who are outgoing, customer-focused, and dedicated to making a positive impact on businesses. While experience in business networking is not required, attributes such as teamwork, sales or customer service experience, self-motivation, energy, and confidence are important.
5. Do I need prior experience in networking to succeed as a Network In Action franchisee?
No, you do not need prior experience in networking to succeed. Only about 30% of Network In Action franchise owners have a background in business networking. Empathy for the challenges of growing a business and a desire to help members succeed are more important qualities.
6. How long does it take to start a Network In Action group in a new location?
The timeline for starting a Network In Action business networking group typically ranges from 1 to 2 months. The process includes due diligence, scheduling a visit, extending an offer, training, and initial group buildout.
7. What training and support does Network In Action provide to franchisees?
Network In Action offers extensive training, including over 40 hours of leadership, sales and marketing, technology, member retention, and meeting management training. Franchisees also receive ongoing coaching and access to an intranet site for support and networking with other franchise owners.
8. What does a Network In Action franchise look like in terms of meetings and community involvement?
Network In Action franchise meetings are professionally scripted, saving members time while ensuring a valuable networking experience. The franchise also encourages one-to-one meetings and offers monthly coaching sessions. Community involvement is a key part of the franchise’s mission, with each location selecting local charities to support.
9. How can I get more information about starting a Network In Action franchise?
For more information about starting a Network In Action franchise, you can visit our website or contact us directly to discuss the opportunities available in your area. We welcome inquiries from individuals interested in making a difference in the business community.