With 45 years in the business, The Interface Financial Group’s motto is, “if it aint broke, don’t fix it.” They have nearly half a century of successful business under their belt and are looking to invite new franchisees into their international organization.
The Interface Financial Group are invoice discounters. They work with companies who provide a service or create and sell a product, send an invoice to their customer, and wait to get paid. As we all know, the bigger the customer, the slower they pay. The company would like to accelerate payment for immediate cash flow, so they offer to sell the invoice/s to IFG. They NEVER LEND money! All of their transactions are based on a buy/sell arrangement.
What Sets IFG 50/50 Apart?
As an IFG 50/50 franchisee your operation and your business would be home-based. There’s no store or warehouse and, therefore, no rent to pay and no inventory to take. The business model is effective because the franchisor deals with most of the paperwork, leaving the franchisee free to deal with the ‘people’ work. As long as you have a laptop, gas in your car, a phone and some working capital, you have everything you need to start your IFG franchise. You are also in charge of your schedule. IFG franchisees only work business hours, typically10am – 4pm, only 3 or 4 days a week. Your weekends, holidays, and evenings are all yours.
Ideal Candidate?
The Interface Financial Group is looking for individuals with an entrepreneurial outlook, people who can see the big picture and who enjoy helping others grow and succeed. IFG is also looking for individuals with exceptional communication skills. This is a necessary characteristic for any hopeful IFG 50/50 franchisee as the business is very relationship and people-driven. It’s important for the franchisee to be comfortable around people and be confident in their ability to build a business through relationship marketing and networking.
Since the business model is owner-operated, it’s important for IFG 50/50 franchisees to be self-disciplined and proactive. You would be in charge of setting and sticking to your own schedule, and good time management is essential. Ex-corporate executives, with their networking experience and knack for numbers, tend to do well in this type of franchise, as do serial entrepreneurs – individuals who buy, start, and sell companies.
Day in the Life of IFG Franchisee
An IFG 50/50 franchisee’s day will not include cold calling, telemarketing, or advertising. What franchisees do, as mentioned, is build relationships and network. Most IFG clients are referred to franchisees, which means you wouldn’t be out looking for them. Corporate will start every franchisee off with an initial network of contacts and then, as a franchisee, part of your day-to-day duties will be to build and maintain that contact base.
Once you have been introduced to a client, your job as franchisee will be to conduct a site visit to the client’s location, get to know that client, their company and what they do, and build the relationship. The franchisor will conduct most of the due diligence and paperwork before the funding process. For more specific information about the various aspects of the transaction funding, feel free to contact David T. Banfield, the President of The Interface Financial Group.
Getting Started
For those interested in becoming an IFG 50/50 franchisee, the first step will be to receive written material containing all kinds of information about the business. You would look over this written material before having a phone meeting with a corporate member of IFG. Then there would be a follow-up meeting. Once interest has really been established, candidates have the opportunity to talk to franchisees to get a first-hand perspective. Then it’s decision time. Once an affirmative decision has been made, and you sign the franchise agreement, you will go through three modules of training, and your business should be open within 60 days of signing.
IFG is all about empowerment. They empower franchisee growth with their experience, background, and support, and working together on every transaction. In turn, franchisees, along with the franchisor, empower their clients’ growth. Everybody wins!
