I Had More BIZ Experiencesial Passion Than Experience. So, I Became a Franchisee. Shashi Patel knew he wanted to open his own business. He also knew it would be easier to do so if he was backed by a franchise.

By Kate Taylor

Opinions expressed by BIZ Experiences contributors are their own.

Shashi Patel
Shashi Patel

Franchise Players is BIZ Experiences's Q&A interview column that puts the spotlight on franchisees. If you're a franchisee with advice and tips to share, email ktaylor@entrepreneur.com.

Born in a small town in South Africa, Shashi Patel knew he wanted to be an BIZ Experiences. After he moved to Durham, N.C., he had the chance to open a business of his own, a Family Fare convenience store. Patel didn't know much about the industry, but by opening a franchise, he was able to tap into the resources of a wider network. Here's what he has learned.

Name: Shashi Patel

Franchise owned: Family Fare in Durham, N.C.

How long have you owned a franchise?

I've owned a Family Fare store for about a year and a half now.

Related: Why These Refugees Want to Bring Their Franchise to Vietnam

Why franchising?

I've always had an BIZ Experiencesial spirit and I knew that I wanted to be a business owner. That said, there are tons of advantages to taking the franchising route rather than starting a new business from scratch. Once I learned a little more about it, it became clear to me that this was the right path. There is less risk of failure, you have ongoing marketing support and purchasing power, and it's a proven business model. There are very few downsides to buying a franchise that you trust and know is a wonderful business, like Family Fare.

What were you doing before you became a franchise owner?

I was self-employed in a partnership with my brother. We had a dry-cleaning business.

Why did you choose this particular franchise?

I chose Family Fare because I was looking for a better opportunity for my family and I, and this company presented that opportunity to me. I visited several Family Fare stores and was impressed with the efficiency and dedication of the people working in the stores for the franchisees, and the general clean look of the stores and brand. I immediately enquired about owning a franchise, and the Family Fare team was very helpful and provided me with all the information I needed to become a franchisee. It was a perfect opportunity for my wife and me.

How much would you estimate you spent before you were officially open for business?

I spent approximately $30,000, which included franchise fees, liability insurance, payroll, and other accounting and legal expenses.

Where did you get most of your advice/do most of your research?

I got most of my advice from existing franchisees. As I toured several Family Fare stores I was able to discuss my plans with other franchisees that made me one hundred percent sure I wanted to be part of the brand.

Related: How I Helped Bring an International Franchise to the U.S.

What were the most unexpected challenges of opening your franchise?

The biggest challenge for my wife and I was learning a new trade, and the ins and outs of the business. The support we received from the franchisor and the support staff made the transition as easy as possible, but it was a lot of work!

What advice do you have for individuals who want to own their own franchise?

The opportunity to be in charge of one's future and income potential far outweighs all other alternatives. I'm very glad I made the choice to own my own franchise.

What's next for you and your business?

Both my wife and I have come to know the community and our customers, and we look forward to giving back to the neighborhood through Family Fare's Shared Purpose program. We are also looking forward to expanding our business and opening more Family Fare stores in the near future.

Related: Why I Sold My Subway Shops to Open a Smoothie Franchise

Kate Taylor

Reporter

Kate Taylor is a reporter at Business Insider. She was previously a reporter at BIZ Experiences. Get in touch with tips and feedback on Twitter at @Kate_H_Taylor. 

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

Money & Finance

These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

Many Americans say inflation prevents them from saving enough and fear they won't reach their financial goals.

Business Solutions

Boost Team Productivity and Security With Windows 11 Pro, Now $15 for Life

Ideal for BIZ Experiencess and small-business owners who are looking to streamline their PC setup.