5 Traits of Good Franchisees

Guest post by: Anne Barr
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Transfers vs. New First Time Franchisees - By Anne Barr

You may be wondering…would I make a good franchisee? Well, here are some traits that good franchisees posess: 1. Positive Attitude - When starting a franchise, as with starting any business, you must have a positive attitude. You will no doubt be faced with many challenges along the way and you must believe that you will be successful and that your business will thrive. 2. Willing to Follow the System - As a franchisee you must be willing to follow a system. Franchises are successful for a reason - they have a proven system and franchisees follow it. That doesn’t mean that you have to be a drone, you still need that independent spirit, but you need to understand that the system is successful and you should follow it. 3. Coachability - Ever heard the phrase “be in business for yourself but not by yourself”? This is exactly what a franchise system provides. You have your own business but there are people willing to help you. You have to know that you can ask the franchisor or other successful franchisees for help and learn from their mistakes and successes. 4. Willing to do Whatever it Takes - Starting a franchise is a lot of work. You must be willing to devote the time and energy to do what it takes to get your business off the ground 5. Good Leadership Skills - Depending on the franchise you purchase, you may have a team of employees. You must posess good leadership skills to hire, train, and manage a good staff. Your business success will depend on them! Now you may be thinking that you need experience in the specific area of the franchise you wish to purchase. For most franchise opportunities, this is not the case! Franchisors are generally looking for people with good life skills and posess the traits above. If you happen to have experience in the particular industry then great, but if not, that is what the Franchisor is there for. They will give you the training you need to be successful in your new venture!

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Transfers vs. New First Time Franchisees - By Anne Barr

About the Author: Anne Barr

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Anne Barr has over 32 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.
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