Common Challenges for New Franchisees: Part One
For a new franchisee, having a great staff is never more critical than in the first few weeks and months. Yet our Franchise Business Consultants agree that proper staffing is the number one challenge for new franchisees. Most good franchisors provide ample hiring guidance. So how do new franchisees get tripped up? With all of…
What do franchisors look for in franchise candidates? Trait One…
Think you need an MBA to impress a franchisor? Not true. In this series, we’ll examine some of the key traits that franchisors seek in potential franchisees, and why those traits are so important.
Rules for Achieving a Good Work-Life Balance
Ever wonder how some business owners seem to have all the time in the world for vacations and mid-week activities all while being at the head of a vibrant business? It’s likely that they follow the ground rules for making sure their business doesn’t depend on their constant presence.
The First Few Months in a Franchise Business
Does opening a new business sound daunting? One of the best things about choosing to franchise is that it takes a lot of the pressure off of getting your business up and running in the right direction. As a franchisee, you are not just buying a business, you’re buying a brand, a business plan and…
What do franchisors look for in franchise candidates? Trait Four…
So you’re thinking about owning a franchise business. You’ve done your homework and maybe even picked a brand or industry. Until now, franchisors have tried to demonstrate that their opportunity will be a good fit for you, but keep it mind that it works the other way around as well! In this ongoing series, we…