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Personal Goals Review

Residuals, Recessions & Demographics

As we’ve mentioned before, Schooley Mitchell is a unique Franchise system and model that differentiates us from other business opportunities. Due to the service we provide, Schooley Mitchell Franchisees are unaffected by the economic conditions and demographic changes that impact almost every other business – in fact, recessions and rapid change are good for our Franchisees. And the Schooley Mitchell business model has been built to generate residual income for our Franchisees. We believe these factors really do make Schooley Mitchell a great Franchise Opportunity.

7) Create an opportunity for residual income

The Schooley Mitchell business model is designed to generate income for our Franchisees that continues into the future. Each client a Franchisee obtains creates an annuity stream of income for a minimum of three years.

By using our Customer Relationship Management (CRM) system to stay in touch with clients and provide continuing value for them, Franchisees create a significant amount of renewals. Many of our Franchisees consistently keep clients for six to eight years and beyond. By effectively communicating with your clients and providing them with continuing value, they begin to look at you as their outsourced manager of business services. The Schooley Mitchell system provides the tools to do just that.

The resulting residual income flow can be significant with relatively little effort. And in terms of exit strategy, the strength of your Franchise asset is solidified as renewals and residuals increase.

8) Establish a business that is recession resistant

When economic conditions are difficult or recessionary, businesses need to reduce expenses even more urgently than normal. That’s exactly what we help our clients achieve – in fact, tough economic conditions are good for our Franchisees.

When economic conditions are good, businesses look to expand and increase their technology and operations to address growth opportunities. Again, that’s exactly what our Franchisees do – optimizing growth.

Very few businesses are unaffected by economic conditions, but Schooley Mitchell is one of them. Difficult economic conditions often affect spending patterns for both organizations and individuals, which impacts many businesses. Discretionary income is a significant driver for most businesses in terms of profitability, sales success and even survival, yet Schooley Mitchell is unaffected.

9) Establish a business that is unaffected by uncontrollable demographic conditions

From traffic patterns and spending habit changes to the implementation of new legislation, products and technologies, there are many uncontrollable factors that affect business success.

But Schooley Mitchell is unaffected by all these things. Our Franchisees can obtain clients anywhere, so these factors are largely irrelevant. In fact, changes in technology and business actually cause more confusion in the marketplace, increasing the need for our services.

New government legislation has no effect on us. New inventions that render certain products and services obsolete have no effect on us. New internet strategies and technological advances have no effect on us.

Who knows what’s coming next? We welcome change, because change is what we help our clients manage.