10 Things That Will Insure Your Success As A Franchise Owner

Successful franchise owners have several things in common. If you’d like to be a successful franchisee, pay attention to the things I’ve listed.

There are actually 10 things that will insure your success as a franchise owner…if you’ll focus on them.

I’ve listed them below, but first, there are several things you need to do-before you become a franchise owner.

Take a look at the 6 things that I’ve listed-that people have done before they signed their franchise contracts.

Do These Things!

This list of things aspiring franchisees do, go a long way in helping increase the franchising success rate. Here they are:

1. They learned all they could about the franchise model

2. They chose a franchise that matched their skills and personal traits

3. They did incredible research

4. They stayed within their budget

5. They got the right franchise business loan

6. They used a franchise attorney

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Will you make a commitment to do the 6 things I’ve named? I hope so.

If you do-good things could and should happen. If you don’t-if you choose to be a maverick and ignore one or two of them, several not-so-good things may happen. Costly things. Things that will take a long time to fix.

Let’s continue.

I’ve found that the really successful franchise owners…the ones that consistently rank in the top 20%, do 10 things extraordinarily well.

If you do what they do, you’ll have a shot at real success, too.

Bookmark this post right now so you can refer back to it when you become an  owner.

10 Things That Will Insure Your Success As A Franchise Owner

• Follow the procedures that are stated in the operations manual
• Follow the rules and regulations stated in your franchise agreement
• Take the suggestions given to you by your field reps
• Use the technology made available to you by the franchisor
• Follow the franchisor’s marketing plans
• Be obsessive about your numbers
• Create close relationships with other franchisees in the system
• Get involved in the local community
• Be amazingly enthusiastic and positive
• Commit to winning

Bookmarking Bonus!

Here’s another post for you to bookmark:

The Top 10 Ways To Lower Your Risk

Go ahead. Do it!
Success image courtesy of seeveeaar on Flickr