Franchise formation: alone or with a partner? So you can use team synergies for your success as a real estate agent.

Foundation in a team: The sensible alternative in the Engel & Völkers real estate franchise

As soon as two or more people decide to start a company together, one considers it the founding of a team. This offers numerous advantages: For example, this form of cooperation means that more equity is available in most cases, which noticeably increases the scope when opening your new Engel & Völkers real estate shop. For example, necessary loans with a higher equity component of the start-up sum are approved more frequently by banks, and all costs incurred in the franchise company can also be divided by the number of team founders. The larger the team, the fewer employed real estate agents you need - team-based, it is even possible to operate an Engel & Völkers real estate shop entirely independently.

Another advantage of team formation is the flexibility gained in terms of work and time coordination. You can freely distribute activities, represent each other, for example in the event of illness or business trips, and individually coordinate regular working hours without being tied to regularities. As an Engel & Völkers franchisee, the members of a founding team can often complement each other on a human level: For example, the strengths of one entrepreneur can be strategic thinking and calculated corporate planning, while his counterpart is particularly convincing due to his communication skills and negotiation skills. The synergies gained this way can become an important success factor for starting a franchise. In order for them to adjust, you need a suitable co-founder for your new career as a real estate agent ...

Who is the right partner for a real estate franchise team?

If you ask yourself who turns out to be a suitable partner for such a project, you have probably not yet found a person with whom you can imagine long-term cooperation. As already indicated, on the one hand you can inspire people from your personal social environment for your idea and you can acquire friends or relatives to work together as Engel & Völkers real estate agents. Especially when it comes to people from the narrow circle of trust, you probably know the relevant candidates very well and can assess whether a team is based on a stable and fruitful social basis, which is extremely important for long-term business success. On the other hand, a harmonious private relationship is not automatically a guarantee that a responsible cooperation works just as well. That is why, if in doubt, you should also look in other areas for possible co-founders for your franchise partnership. For example, there are start-up fairs, digital career networks or conferences in the real estate industry. With a little enthusiasm, you can also find like-minded people from your area with whom you can start a team.

As soon as the right partner for founding a team has been found, you can specify the preparations in order to establish your Engel & Völkers real estate shop. For example, you should plan in which of our free license areas throughout Europe you want to operate as an independent real estate agent and whether you want to specialize in residential or commercial real estate. Our expansion team will be happy to advise you on these questions - You can reach us by clicking on the red button on the right-hand side of the screen or by calling us on +49 (0) 40 36 13 10.

Next month the Engel & Völkers Franchise blog will explain what you should definitely clarify before starting a team as an Engel & Völkers franchisee with your business partner. We would be happy to see you again!