Make a New Franchise Your New Year's Resolution
If you're like most of the population, you just might be ready to put 2020 behind you. After a whirlwind year that took everyone by storm – in many cases, literally – the final calendar page is getting far more praise than in years past. While some of the same issues we've been dealing with for months on end might still exist, there's something about a fresh calendar year that allows us to start over. Turning that month from December to January, and marking '21 on all of your documents, means one step forward and away from the turmoil in the past.
It's the sigh of relief we've all been waiting for.
As a new or incoming franchise owner, however, that leaves you with a growing possibility. One where you can create goals or expectations for the upcoming year of 2021. After all, this is the time of year for fresh starts all around, including with your business.
As you set up your new franchise location, or if you are gearing up to become a new franchisee in the next few months, a resolution can start as a great jumping off point for you and your future career. Get started with a bang and a meaningful resolution that can set you off to a great start.
Creating Franchise Goals for Your New Business
What's in a resolution? A business resolution, or a personal resolution, is simply a fancy word for an aspiring goal. It's a starting point for reaching new milestones as a business owner – a specific finish line you want to reach. Goals are one of the best ways to measure your progress over time. Actually setting a goal gives you a point from which you can measure. While progress can still exist without said resolution, it will be harder to explore.
Because first you'll have a starting point. From there, you can look at your goal, even placing markers and/or milestones to help you get to each new point.
Setting these goals is the best way for you to determine if your franchise business is growing at the speed you had envisioned. Then, along the way, if you fail to meet certain milestones, you can evaluate and see if there's a cause for the slow growth, and how you can fix it in order to still meet your business goals.
Resolutions for Goals vs. Business Growth
The other way you can create business resolutions with your franchise business is through specific changes. Goals don't always have to be monetary when creating a resolution for your franchise. You can opt for ideas that integrate your involvement with the community, hire a certain amount of employees, to master a new business skill, etc.
Following this protocol for business resolutions is a sound way to achieve new things. Rather than creating milestones and goals, however, you can write out steps that will help you get where you want to be. Then implement these steps throughout the year, allowing you to reach said goal by the end of 2021. (At which point you can start working on your new business resolution.)
The Perks of Creating a Franchise Resolution
Of course, there's no rule that says you need to create a business resolution for your franchise location, whether it's new or established. Rather, doing so is a way for you to create business goals and get them on paper. This is a best practice that we recommend to all business owners, no matter of their experience levels. However, it doesn't need to be done with a resolution in tow. Business goals can be made at any time for your franchise business. And once you've reached (or surpassed!) a goal, it's time to start making a new one!
You can also consider a reward of some kind once your goal has been met. Buy the business something exciting, or something necessary that you haven't yet wanted to splurge on. Treat yourself to your favorite meal or take a day off for fun and relaxation. Whatever you choose to do, be sure to reward yourself and the business for the hard work put in. This is even more of an incentive to strive forward, and can help you gain better growth traction for your franchise as it continues to grow.
Help Moving Forward With Your Franchise Location
Are you ready to get started with your franchise business? If you are already an established business owner, pairing with a franchise or opening a new business can be a great next step in your career trajectory.
If you're new to the game and considering business ownership as a franchisee, we've got you covered! Get in touch and reach out with any questions that you might have. We'll help you every step of the way. It's our goal to help you find the perfect franchise fit.
By Bethaney Wallace | Jan 01, 2021 | General Franchise Information