Successful Franchisee Traits
Successful Franchisee Traits
1) Are you willing to conform? Remember: the franchisor runs the show. Will you be ok with not having control over things such as the freedom to decorate your business or promote new products as you'd like? If not, then maybe you shouldn't go into franchising.
2) Are you a people person? Introverts don't do well in franchising. If you want to own a franchise, you must feel at ease with people and enjoy interacting with customers/employees of all kinds. Are you a confident and able team leader?
3) Are you willing to play the bad guy (on occasion)? Be aware that, as a franchisee, you won't always be the “good” guy – meaning, you won't always be giving pats on the back and pep talks. With certain employees, you will most certainly have to put your foot down. Are you comfortable with this kind of position? Would you be willing to terminate an employee for bad behavior or poor performance if necessary?
4) Are you comfortable asking for help? Though you will undoubtedly have thoroughly researched the franchise you'd like to be a part of and probably have some experience with management, you will need help at some point. Can you put your ego aside from time to time to obtain needed advice from the franchisor? How about seeking advice from other franchisees? You should seek advice from both parties, even when things seem to be going well – there's always room for improvement.
5) Are you ready to put in long hours? In the world of franchising, business takes up a huge chunk of your life. Can you envision yourself being ok with work days where you may not be able to take a break? Where every problem will fall on your shoulders, regardless of the problem's scope or size? Can you juggle multiple tasks? If your answer is “yes,” then franchising might be right for you after all!
Successful Franchisee Traits - To learn more about this author, visit Sebastien Page's Website.
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Do you have the personal traits necessary for success in the franchising industry? You might want to make sure you can say “yes” to these questions before you invest:
1) Are you willing to conform? Remember: the franchisor runs the show. Will you be ok with not having control over things such as the freedom to decorate your business or promote new products as you'd like? If not, then maybe you shouldn't go into franchising.
2) Are you a people person? Introverts don't do well in franchising. If you want to own a franchise, you must feel at ease with people and enjoy interacting with customers/employees of all kinds. Are you a confident and able team leader?
3) Are you willing to play the bad guy (on occasion)? Be aware that, as a franchisee, you won't always be the “good” guy – meaning, you won't always be giving pats on the back and pep talks. With certain employees, you will most certainly have to put your foot down. Are you comfortable with this kind of position? Would you be willing to terminate an employee for bad behavior or poor performance if necessary?
4) Are you comfortable asking for help? Though you will undoubtedly have thoroughly researched the franchise you'd like to be a part of and probably have some experience with management, you will need help at some point. Can you put your ego aside from time to time to obtain needed advice from the franchisor? How about seeking advice from other franchisees? You should seek advice from both parties, even when things seem to be going well – there's always room for improvement.
5) Are you ready to put in long hours? In the world of franchising, business takes up a huge chunk of your life. Can you envision yourself being ok with work days where you may not be able to take a break? Where every problem will fall on your shoulders, regardless of the problem's scope or size? Can you juggle multiple tasks? If your answer is “yes,” then franchising might be right for you after all!
Successful Franchisee Traits - To learn more about this author, visit Sebastien Page's Website.
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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