When starting a franchise, you want to feel confident that it’ll work out. Though there’s no guarantee, franchising comes with far fewer risks than starting your own business from scratch. Still, certain pitfalls might prevent franchisees from finding success. Here’s how you can avoid them.
It’s easy to overlook the importance of soft skills when you’re busy running a business - but they play a key role in franchise success. Many people make the mistake of developing their skillset before interviews and disregarding them as soon as work builds up.
A profitable franchise doesn’t just come into being overnight; for an investment opportunity to do well, it needs a dedicated, passionate entrepreneur leading the way. So, what makes a successful franchise owner? Let’s find out.
There are many similarities between franchising and starting your own business, especially when it comes to the day-to-day responsibilities. But choosing to become a franchisee has its own distinct advantages over running your own business, not least the lowered risk of failure.
The thought of taking maternity leave as a franchisee can be daunting; you may not know how to take time off without compromising the performance of your franchise unit. Or you might be worried about losing your edge as a business owner while spending months away from your desk.
The world is constantly changing, and success will only be achieved through adaptation. The new faces of franchising are exciting, diverse and innovative, adding depth and value to the sector and helping units across the UK to keep up with the latest franchising trends.
Finding the right franchisees to join a niche franchise can be a challenge. Alex and Paul Dodgson, board members and franchisees with Business Partnership, shared their experience and top tips for finding excellent franchisees for a specialist franchise.
Point Franchise
