What Makes a Successful Franchise Owner?
The Anatomy of a Franchise Owner
When it comes to franchising, it's hard to predict what colleague or friend of yours who, seeking work-life balance, will change careers and dive into the world of franchising only to come out with egg on his or her face. After all, success in the business has never been nor will ever be a guarantee.
So what are the most prominent characteristics of a successful franchise owner?
The truth beyond the obvious, such as possessing an innate, entrepreneurial spirit, a self-propelled fire to succeed and an unquenchable thirst to achieve your true professional potential.
|Entrepreneur's Jeff Elgin shares his insight as to the what the top five most common characteristics of a successful franchise owner:|
Elgin's 5 Characteristics of
(successful) Franchise Owners:
Successful Franchise Owners Are:
1. Risk Averse:
A successful franchisee does deep due diligence with potential franchises before choosing the right one. They don't gamble with their futures and they carefully select franchises that offer a proven system of success, are well-established and are positioned well to minimize the investment risk as they build their business.
2. Systems Oriented:
Sometimes it isn't the best thing to have an insatiable entrepreneurial spirit because one might tend to try to reinvent an already successful wheel and "do it their way" when the fact is, the franchisor is offering a tried and true way. Stick to the systems in place. The equation was already written and solved.
Be willing to listen and not be afraid to reach out for advice and support. A franchisor relevant industry business experience is one of the greatest assets they can offer a franchisee. You are never in this alone. 'When in doubt, ask' is a key to success. Choosing a franchise that offers a solid operations and marketing support foundation is critical to your long-term growth, so do not be afraid to tap into their vast knowledge base.
Bottom line: A successful franchise owner is not afraid to roll their sleeves up and work hard for the rewards. They are ready to wear many hats, work long hours and maximize their impact on their daily grind by making the most productive and efficient use of every hour in the day. As American author, salesman, and motivational speaker Zig Ziglar famously commented: There is no elevator to success, you have to take the stairs.
"There is no elevator to success, you have to take the stairs."
5. Strong People Skills:
Successful franchisees have strong interpersonal skills and can cultivate a working envirnomnent built on a foundation of trust, loyalty, productivity, and value.
Do you have what it takes to succeed in the world of franchising?
Do you think you've got what it takes to run a successful franchise, are you equipped with the necessary skills to propel your business forward? Do you have the desire, the work ethic, the committment to build your future and your business brick by brick with only the guidance of an established franchise? We look forward to working with you if so.
Read More on Franchising (see below):
10 Reasons to Purchase a Franchise
You've Got Maids, based in Charleston, South Carolina, is a residential cleaning franchise serving people on-the-go. Currently, You've Got Maids has offices across the country and we are poised for another year of dramatic national franchise growth in 2018. Whether you are interested in a franchise, franchises, franchising, specifically a cleaning franchise, cleaning franchises, house cleaning franchises, a house cleaning business, or a maid franchise, or if you just want to start a house cleaning business, You've Got Maids might be right for you.
Check our website for a free estimate or call us today!