Thursday, August 28, 2014

What Advice Do Successful Franchisees Have for Potential Franchisees?

If you're thinking about becoming a franchise owner, it's helpful to not only hear from someone who has been in the same position, but to hear from someone who's found success as a franchisee. Based on interviews with multiple people who fit that description, here are the most important things to keep in mind as you continue the process of deciding if becoming a franchise owner is the right path for you to follow:

A Desire to Focus on Your Strengths

You're going to bring a certain skill set to your role as a franchise owner. The big advantage of going the route of a franchise is that you'll be working from a foundation and framework. As a result, you'll be able to focus on your strengths. If that arrangement sounds appealing, you can be confident that you're going to like the daily experience of being a franchise owner.

Choose a Franchisor Who's Committed to Educating

A big part of what determines the success of a franchise is being able to take a business model and successfully replicate it multiple times. Since this requires the franchisor to share their knowledge with new owners, it's important to choose an organization that has ongoing education and training at its core.

Do Your Research

Most successful franchisees make a point of emphasizing the importance of doing as much research as possible before committing to a franchise. Not only do you want to fully research an organization, but you also want to dig into the entire market and all of the competitors within it. By putting in as much effort as it takes during this phase, you'll be able to ensure that you know exactly what you're getting into. 

Be Ready for Challenges

There's no doubt that choosing a franchise will create a smoother path than trying to start a business from scratch. That being said, since a franchise is still a business, there will be challenges along the way. Because challenges are inevitable, the important thing is that you're willing to tackle them whenever they arise.

There Needs to Be a Spark

Although passion isn't the only factor that determines the success of a franchisee, it does have a big impact. Since you're going to be involved with the business you choose on a daily basis, you need to feel excitement about everything that it stands for.

Be Honest with Your Strengths

A good franchisor will provide an overview of the qualities that their successful owners possess. As you look over this type of profile, be honest with yourself about whether or not you fit it. This will ensure you don't inadvertently create an uphill battle for yourself.

Make Efficiency a Top Priority

Since owning a franchise is a significant commitment, focus your energy on activities and tasks that have a direct impact on the success of your business. Keeping this focus will prevent you from wasting time on things that are actually nothing more than busy work.

For more information about a House Doctors Franchise, call 1-888-598-5297 or click the Request Information button here:!contact-house-doctors/cpjh

Why Settle for Good When You Can Be Part of a Great Franchise?

Building a successful franchise takes plenty of hard work. Since you're going to need to put in the time and effort regardless of the specific franchise you choose, it makes sense to partner with the best that's available. Because there's no reason to settle for just good when great is an option, the real question is how do you find a great franchise?

The answer to that question is that you need to focus on a franchise's culture. While there are a variety of different factors that can affect whether or not a franchise is successful, culture is what separates the great from the good. If you're wondering how you can determine if a franchise has the right culture, that's exactly what we're going to cover right now:

Important Factors That Don't Impact Culture

Since there are many different questions you'll ask yourself during your franchise search, it's important to know which ones are actually related to culture. While it's important to believe in the business you choose, be able to secure a territory with room to grow, make money from the business and have respect for the team that's in charge of the franchise, none of those factors directly impact culture.

The Three Elements That Make a Great Franchise Culture

Three factors that do determine the culture of a franchise are its mission, vision and values. If a franchise doesn't have all three of these factors, it's almost guaranteed that it doesn't fall into the great category. And if a franchise does have all three factors but you don't truly agree with all of them, trying to fit within the organization's structure is going to be a challenge.

While it may sound like there are a lot of reasons that a franchise's culture may be missing or not the right fit, the good news is if a franchise hits those three points and you fit with all of them, you'll be able to experience what's often referred to as the x-factor.

How a Great Franchise Culture Can Help You Succeed

Although the x-factor may sound like an ambiguous term, it actually means several specific things. The first meaning of this term is it's what you need to get through the challenges you'll inevitably encounter. Even though franchising removes many of the obstacles traditionally associated with starting a business, issues will still arise. But as long as you're involved in a  franchise with the right culture, those challenges will never feel overwhelming.

Another direct impact of experiencing the x-factor is it means the franchise will never stagnate as an organization. Since a truly great culture translates into highly involved franchise owners, everyone's involvement and valuable input will keep the entire organization on the right track.

While there are many different things you need to evaluate during your search for a franchise, be sure that you don't forget to really look into an organization's culture to determine if it provides what you need.

If you think House Doctors might the right franchise, call us at 1-888-598-5297 or click this button for more information:!contact-house-doctors/cpjh

Can You Guess What Makes An Excellent Franchise Owner?

If you're exploring the possibility of becoming a franchisee, one subject that's helpful to look into is what traits are typically associated with a franchise owner. By gaining a solid understanding of those traits, you can decide if becoming a franchise owner seems like the right fit for your personality and current skill set.

One of the most common misconceptions about franchising is if someone has enough money to purchase one, they'll be successful as an owner. There are two important reasons that's simply not true. First, not all franchises are equal. As we've explored in previous posts, there's a huge range in terms of what a franchise can offer owners. Second, becoming a successful franchise owner is about more than just an initial investment. Just as with any business, the decisions a franchise owner makes will have a huge impact on its success.

So, now that we've covered why it's important for potential franchise owners to understand if they're a good fit for the path they're thinking about, let's take a look at the specific qualities excellent franchise owners possess:

The Right Background

Most successful franchise owners come from a handful of backgrounds. Systems-based environments, military veterans, management and sales professionals are the four backgrounds that produce the highest number of great franchise owners. The reason these backgrounds strongly correlate with franchising success is they produce people who understand the value of structure. While franchise owners definitely need to make independent decisions, knowing that sticking to a system does work can go a long way.

Enjoy Working with People

Although this may sound obvious, many people underestimate just how important it is to have stellar interpersonal skills. If someone doesn't truly enjoy working with others, they're going to have a difficult time building the type of team that's needed to create a successful franchise.

Not Afraid to Ask for Help

Some people want to figure out everything on their own. And while there's something to be said for persistence, the best franchise owners aren't afraid to reach out to their franchisor for help. Since a big part of the appeal of a franchise is a system's success has already been proven, trying to reinvent the wheel is very counterproductive.

Being Committed

As previously mentioned, the biggest myth about franchising is that all someone needs to do is make an investment and then a successful business will spring from that investment. Since building a great franchise requires involvement from the owner, it's important for owners to be committed to their business. When an owner feels passionate about what they're doing, they're able to really put themselves into the business and do what's needed to get it to the point of success.

Every business presents challenges. And while franchises are no exceptions, when an owner has the right background, truly enjoys working with people, isn't afraid to ask for help and is fully committed to their business, it's a strong indication that the owner is going to find a lot of success.

If you think a franchise is right for you, learn more about a House Doctors franchise today! Call us at 1-888-598-5297 or click this button for more information:!contact-house-doctors/cpjh