Leading the way in Cork with an LMI franchise

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Bob McCarthy
Leadership Management Ireland
Cork

 

Why I chose franchising

I had a very strong desire to run my own business. I had tried my hand by buying into a non-franchise business but found that being a part owner wasn’t for me. I decided that franchising offered a time-proven process to complement my desire was the way to go.

What I did before taking up a franchise?

I was an Officer in the Navy for 16 years before moving onto a career in Financial Services. I then bought a part share in a food manufacturing Business as I moved towards working for myself.

How I raised the finance

I rasied the investment from personal funds.

The training and support I receive from my franchisor

I participated in a superb, comprehensive initial induction course which really prepared me for the challenges ahead and enabled me to get off to a fast start. We have monthly , high quality trg and support in Ireland . These local sessions are complimented by International training weeks held at least annually.

The challenges I have faced

Obtaining sales , competition , building my “brand and presence” and the recruitment of driven associates . My greatest challenge now is dealing with the volume of business.

My advice to someone thinking of buying their first franchise

There are a lot of duds out there . LMI appealed to me as it has a relatively small purchase fee . Because of the way the business is structured the parent company benefits only if I have a successful business. It is therefore in their interest to help me succeed.

My plans for the future

Maximising the benefits of our new customised training facility through continued growthand the recruitment of suitable partners.

Picture Caption: “Mícheal Martin, Minister for Enterprise, Trade and Employment with Bob at the official opening of Bob’s custom built facility in Cork.”