I was employed by with a lot of individuals who work a franchise business and have seen my fair share of successes and failures over the years. 1. GOOD ATTITUDE – Starting a franchise is no different to starting any business. You’ll want a positive, “can do”, attitude. You may no doubt be faced with many challenges on the way, so you must think that you will be successful which your business will prosper. Surround yourself with positive and supportive people and think that your Franchisor is there to help you, never to take advantage of you.

2. Understand and Follow the System – Suppress you desire to “innovate” and to do it “my way”. An excellent franchisee must be willing to check out the machine that the franchisor has set. Franchises are successful for reasonable – they have a successful system and franchisees abide by it. That doesn’t imply that you need to be a robot, you need that independent spirit and creativeness still, nevertheless, you need to comprehend that the operational system is successful and you should follow it.

Most good franchisors are prepared to listen to new ideas, so if you have a good one, then discuss it with them before you change anything. 3. Not saying ‘I Know! Be in business for yourself, but not by yourself. This is what a franchise system provides exactly. You have your own business but there are people willing to help you.

Saying “I Know” means not asking the franchisor or other successful franchisees for help and learn from their errors and successes. You must be willing to get skills and knowledge also, in sales, finance, and marketing, to improve yourself and become a much better person along the way. Good Franchisor organizes on-going training events normally, so make sure you don’t miss any. 4. Have Passion for the Business- Starting a franchise will be a lot of work.

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You must be willing to devote enough time and energy to do what it takes to really get your business off the bottom. Your franchisor can only guide, and mentor you, but you want to do all of the work. If you don’t have passion for the business, you can get frustrated when things don’t go the right path.

Remember, your business is similar to your baby. You must be willing to do all the filthy work as well as all the fun work. If the responsibility can’t be taken by you, then don’t have the infant. 5. Good Leadership Skills – With regards to the franchise you get, you might have a united team of employees.

You must possess good leadership skills to employ, train, and manage a good staff. Your business success will depend on them! You need to start leveraging on your team to do the “IN the business” activity, so that you can focus “ON the business” and grow it. 6. Have Fun – Business is just a game. So keep a good score to know if you’re winning or simply breaking even. Your franchisor would have already given you a set of Key Performance Indicators (KPI) so that you can keep score of the most important indices of your business. Its not only the sales.

Categories: Business