Apex is a Unique Combination of Entrepreneurship, Business and Philanthropy
The Apex Fun Run franchise makes a significant impact on local communities by raising funds desperately needed by teachers and schools. Their events typically raise twice the capital of traditional fundraisers. Along with fundraising activities, Apex Fun Run teaches young children leadership and development skills found nowhere else.
- Every child can change their school, and the world, in a profound way
- Serving others brings the greatest joy and contributes to the greatest good
- Learning by doing and exercise are both undervalued and underutilized in fundraising today
- Encouragement and enthusiasm build others up—we will help build leaders
- Raising money for your child’s school can also serve as a positive learning experience
- Many people giving a little reduces the individual burden on the typical givers and donors
What’s special about the franchise?
What is the idea behind the franchise?
How does Apex Fun Run compare to its competition?
What do you look for in a potential franchisee?
Where do you see the franchise in five years?
Can you describe a typical day in the life of a franchisee?
What’s your background? (co-owner and VP of Franchise Jeremy)
What motivates you to keep going?
If you were to start again, what would you do differently?
Please tell us your secret to success...
What is the worst job you have ever had and what did you learn from it?
What is one trend that really excites you?
Any final words for aspiring entrepreneurs?
Below are a few thoughts for you as you are looking into a franchise. Hope this information helps you. We believe Apex is the best choice but you have to come to that conclusion yourself. Research, find your passion and desires; they are key components to making a correct choice so when you decide on your path you are dedicated and ready to start with enthusiasm and joy!
Steps to Becoming a Franchise Owner
Narrow Your Focus
Choosing the right franchise opportunity is no easy task. There are so many franchise opportunities available that it can feel overwhelming. That’s why it’s so important for your own mental well-being at this point to narrow your focus.
Start first with an industry or two that you’re interested in. Make sure it’s something that’s going to hold your interest for the length of the contract. Because once you’ve signed the documents and the checks have cleared, you’re involved with your franchise for the long haul.
Also, at this point in the process, you’ll need to be looking at startup costs. Restaurant franchises, for example, require a lot more capital than others do. If you don’t have much capital to start with, don’t worry. There are other franchise opportunities like Apex which you can explore.
Once you’ve selected an industry, you’re one step closer to your dream. Now you want to narrow it down even further to two or three specific franchises to research.
Compare Similar Franchises
Evaluate the Franchise
You can see if there are consumer complaints against a particular franchisor by doing a search on the Better Business Bureau or by making a request in writing to the FTC. Then bring your concerns to the table.
Next, what do you know about the executives who run the company? Is there any pending litigation against the franchisor that you should be aware of? How secure will your territory be? Don’t forget that you’re being marketed too when you’re examining different franchise opportunities. Therefore, franchisors aren’t always entirely upfront about the true costs of owning one of their franchises. Make sure that you do your research into this matter by thoroughly reviewing the Franchise Disclosure Document and having your lawyer review it with you.
And always – make sure there’s a viable exit strategy. The franchise lawyer can also help with this. By becoming a franchisee, you’re becoming a self-actualized businessperson, and businesspeople always have exit strategies. You never know what may happen down the line, and you may find yourself in a position where you need to get out from under your franchise sooner than expected. Before signing on the dotted line, make sure there are viable exit strategies available to you; otherwise, you could find yourself in a world of hurt.
Talk to the Franchisor and Franchisees
- How would you describe your corporate culture and values? (Do they align with yours?)
- Will I receive support for securing a lease and for identifying an ideal location for my franchise?
- Do you offer any assistance with financing, either directly or through an approved/preferred third party?
- How long does it take the typical franchisee to make back their initial investment?
- What are the company’s long-term goals, and how does the company plan to achieve those goals?
- What assistance will the company provide when I’m first starting out?
- After coming to an agreement, how long will it take for my franchise to open its doors?
- How are disputes between franchisees, as well as between franchisees and yourself, resolved?
- What options are available to me in terms of an exit strategy?
- What kind of support does the franchisor provide? Did you find it useful?
- Are there any costs that you’ve come across that you weren’t aware of when you started?
- How have things operated in your territory? Have you faced pressure from other franchisees in the immediate area?
- What’s your background, and do you feel that your background has played a role in your franchise success?
- What unexpected difficulties have you encountered, and how did you go about solving them?
- Do you feel that the franchisor offers adequate support for marketing and advertising?
- Do you plan to expand your business by opening additional franchises?
- What kind of restrictions have been placed upon you, and do you feel those restrictions help or hinder your ability to run your business?
- Has the franchise lived up to the expectations you had when you started? If not, why do you think that is?
- Are you happy? If not, why?
Make the Purchase
Lastly, working with the franchise attorney you hired, sign the contracts, send the checks and take your first step into business ownership.