Franchise and Business Opportunities Are On Your Radar Screen.
You want to be your own boss. You want to find that elusive pot of gold. You want to find a “perfect scenario” which would allow you to become a wealthy small business owner. You don’t really want to put it all on the line to do so, however. You’re not asking for much. Right?
Or, are you? Is there really a perfect scenario? What would it look like?
If you are leaning towards investing in a franchise to get you where you want to go, what do you feel that a franchise concept should offer that would make you feel that it was a perfect scenario in which you would move forward with it? Here are six things that I feel should be in place;
- Major brand power
- Constant innovation from management
- Uniformity
- Solid training program
- Extremely profitable franchisees
- Engaged in social media*
{*Franchise Social Media is a new, but required part of franchise success}
Please read my newest article on “perfect franchises” over at the new OPEN FORUM BY American Express website. Maybe you’ll find your franchise there.
{If you are new to this blog, thank you for stopping by. If you happen to be looking for a franchise to buy, please check out my company website.}
Thomas Scott says
August 6, 2009 at 3:07 pmSounds like a wish list 🙂
We at Showhomes have many of the items on the list. I’m really surprised by the ‘requires no sales ability’ comment on the blog. The most common comment I get from other franchisors is that they wished more franchisees could sell; that being able to ‘sell’ really drives the numbers. We teach everyone in our organization to sell because if we don’t sell enough, we don’t make enough of a profit margin and without enough revenue, we can’t service customers the way we would want to be treated.
The Franchise King says
August 6, 2009 at 11:02 pmThomas,
Thank you for chiming in!
If you have those items already going for you as a young franchisor,then the only way to keep going is up…
The Franchise king
Joel Libava