What Makes a Franchise a Success? | Franchise Strategy Partners, Larry Reed

by Larry Reed | Sep 16, 2021 | Uncategorized

“Success is where preparation and opportunity meet.”—Bobby Unser

One of the many reasons why people choose franchising when it comes to starting a business is that the business model has already been proven to work. But that doesn’t mean you can open up a franchise and find success immediately.

You still have to put in the work. Fortunately, you don’t have to go it alone. Let me help you get started on the path to success!

The Road to Franchising Success

Now that you have figured out what franchise best suits your passion and have invested in the business, it is time to get to work! Here are a few steps to take on the road to making your franchise a success:

Trust the Process

One of the reasons why I work hard to match you with your ideal franchise is because you need to be able to trust the process.

Rather than wanting to go in and change things, you need to believe that the franchise business model is solid, as you are going to need to preserve the brand as a franchisee.

Lean in to the resources and support provided by your franchisor. Seek assistance and advice from other franchisees and those in positions of leadership.

Recruit the Best Team Possible

Remember, your team is only a strong as your weakest link. You want to make sure you are investing in employees who are as passionate as you are about hard work and customer service.

But your investment in employees shouldn’t end there. While you can hire the best, it doesn’t mean they will be the best for your business if you don’t train them effectively.

Effective onboarding and routine training play an important role in ensuring your business is successful. Make training a regular task, because there is always something new to learn as customer needs and technologies evolve.

Be a Part of Your Community

Business owners sometimes don’t realize how much community involvement can truly play a role in success. In order for your franchise to succeed, you need those within your community to trust your business and turn to you as the experts in your industry.

To build that trust, engage with those within your community. Become involved in activities and fundraisers. Attend events and meetings with the local chamber of commerce and city/county government. The more you invest in your community, the more they’ll invest in you.

I’m ready and waiting to help you find the best franchise for your unique needs! Get in touch today to get started.

Is Your Personality a Good Fit for Franchising? | Franchise Strategy Partners, Larry Reed

by Larry Reed | Sep 1, 2021 | Uncategorized

When you read that headline, you might first think about personal characteristics, such as whether you’re an extrovert or introvert. Or whether you are generally an agreeable person.

And while those personal traits play an important role in your career, the “personality” I’m referencing is your entrepreneurial personality.

What is an entrepreneurial personality, and how can I help you define yours? Read on to get the details.

Helping You Define Your Entrepreneurial Personality

If you’ve decided to step into franchising to make your dreams of business ownership come true, all the options out there can feel a bit overwhelming. That’s where I can step in to help! I’m ready and waiting to help you parse through hundreds of opportunities with leading franchisors—and determine which of those options will be your perfect match.

How do I do that? One of the first steps is to get to know you and who you are on a professional level. To match you with opportunities that align with your needs and wants, I’ll put together an in-depth business ownership profile that highlights your skills. Those skills are your “entrepreneurial personality.”

To gather this information, I’ll ask you to take an assessment that asks a series of questions to determine your individual traits—in other words, the qualities that make you unique. This goes beyond your average personality test, helping to define a range of talents and your ability in multiple areas important to franchising.

From there, I can help you chart your future by determining which of the hundreds of franchising opportunities out there might be your best fit as a franchisee. This process is designed to take some of the stress out of your search, allowing you to first determine whether franchising is right for you and then nail down your dream franchisor.

I’m ready and waiting to help you find the best franchise for your unique needs! Get in touch today to get started.