So who do you pick for your franchise winning team?
Team Franchise: The Panel…
The first step in choosing your winning franchise team is to recruit support for your franchise operation. This means having the full backing of your family and friends who may in the future become full time members of your franchise team panel! Recruiting family members as employees of your franchise business has lots of benefits and may help you achieve the business success you have always dreamed about. Once you have the full support of your family, the next step is to choose the right franchise…
The next step in the selection of your winning team is to choose a winning franchise and franchisor. Choosing the best possible franchise that meets your individual goals and ambitions will inevitable make you succeed. A franchisor will guide you throughout the entire franchise process and will be your constant companion throughout the start-up, growth and resale of your future business. You will need to build a strong communicative, trusting and supportive relationship with your franchisor from the very beginning. Choosing the right franchise and franchisor is essential to your success.
The next member of your winning franchise team will be your financial advisor. A financial advisor will help you forecast all your expenses for the future investment of your business. A franchise financial advisor will assist you in drawing up a projected business plan with financial budgets in place. It is essential to understand fully the financial fees you will be expected to pay and a financial advisor is the best member of the team to fulfill these duties.
After you have decided on a franchise opportunity and have finalized projected financial obligations to invest in the franchise, the next step is to choose a number of professional advisors such as a legal service provider and perhaps a business consultant. Why? Well having professional advisors working for you will provide your critical team management structure- they will give you advice on the composition and obligations of the franchise business and place you in the strongest position for future success.
Team Franchise- Players
Once you have signed the Franchise Agreement with the franchisor and you are ready to set up your franchise business, you should choose the right members of staff if you are working from a premise or choose family members if you are working from home.
Recruiting the right staff is like recruiting your major players for your football team. Your staff will be essential for the success of your business so selecting people with the right skills and talents will be essential from day one of operation.
Team Franchise- FANS!
No football team or franchise business will be successful without a loyal band of fans or customers in the business sense. Building a trusted brand that customers recognize will ensure your financial growth and profitability of your business. Your customers are key members of your winning team, so you must listen to what they want and you will reap the benefits.
Now that you have selected your winning team, you should mount your charge against the competition and win!