How to Put Your Best Skills into Franchise Ownership
A successful franchise becomes that way for many reasons. Management that is doing a good job of helping things run smoothly, staff workers who are highly trained and willing to become more efficient, and a franchise owner who works hard to improve their skills. Perhaps that even means handing over tasks they cannot manage on their own. In any case, finding your way as a new business owner will allow your location to grow and find its stride in years to come.
How to Use Your Skills as a Franchisee
Even the newest of business owners come to the game with previous skills they have learned. Look at what you mastered in your past careers and how these abilities can help you become a better franchisee. What comes natural? What skills are you most excited about? And which ones sound intimidating?
Without even realizing it, you'll hit the ground running with your most practiced motions. Just because you haven't owned a franchise in the past doesn't mean you aren't a qualified business owner. All of your previous job skills can be rolled into your franchise and help it function smoothly. Your past as a manager, salesperson, and more can all be targeted toward your franchise location.
All you have to do is harness what you know and focus those efforts.
As you start with your franchise, you'll create areas wherein you can shine. Follow the plan put forth by your franchising company – take what you know and run with it. When you hit a snag, ask for help. Reach out to your franchising company and seek their advice. If a professional is required, look to your network of individuals and see what or who they know. Ask for recommendations for certified professionals in whatever area you most need assistance. This might mean legal help, finance masters, a contracting team, and more.
Future Training as a Franchise Owner
As you run your business in years to come, there are even further skills you will take on. Naturally, as you're running your franchise location, you will educate yourself in many areas of the industry: How to best meet your customer with their needs, how to train employees, how to upgrade services, how to tailor hours based on holidays or local events – all of these skills are taken in with time.
However, you can also improve your own business skills through pointed training. Subscribe to podcasts, attend training events, sign up for classes – whether online or in person. Whatever you can do to make yourself more valuable as a franchise owner, do it! The more you know, the better your business can fare in the future. Your ability to help it run smoothly will pay off, and then some, in efficiency, income, and employee experience. Don't overlook the ability to do better as a franchisee, and how that fact pays itself forward.
How to Use Your Best Skills as a Franchise Owner
Finally, let's talk about how to not only learn new skills, but how you can use your current assets. This starts with you, the franchise owner. Remain confident and self aware of your own abilities. Be honest about what you know and what you have yet to learn. Boasting skills you don't actually have will only hurt the franchise location (and yourself); there's no pride in accurately assessing your abilities.
In the same light, being modest about what you can do can be costly. Put your best skills in play and use them to your advantage. Remember, doing so is without any added time or expense. You'll want to repeat this step with your workers, too. Who is naturally great at sales? Who knows how to repair an AC? No skills are off limits; it's up to you, as the franchisee, to assess what everyone can do and allow them to shine in their own element.
Doing so allows everyone to win, especially your franchise location.
By Bethaney Wallace | Oct 02, 2020 | General Franchise Information