Make the most of your network
Apart from inheriting a tried and tested business model, one of the great things about joining a franchise is becoming part of a network that consists of like-minded entrepreneurs who want to succeed. Therefore, it’s important to make the most of your network and the support it offers.
Keep an open mind
Usually, a franchise network consists of people with diverse backgrounds who share different experiences. Being part of a team which boasts different personalities and has different pools of knowledge can help you grow both personally and professionally. Taking part in conversations both online and offline with other business owners in your franchise network can help you learn more and helps you to remain open-minded about new ideas and ways of working.
Share your vision
Franchising is all about collaboration so do share your vision for your business with your franchise network. Communicating where you want your business to be in the next few years not only means that you will receive encouragement from other like-minded individuals, it will also provide you with invaluable insights as some of them may have already been in your position. It’s also helpful to have people to hold you accountable. If you share your vision with others they’ll be interested in your progress and discussing how you’re getting on, making you more likely to achieve your aims.
Share tips of best practise
When it comes to recruiting, steering the business and making management and personnel decisions, your franchisor will provide guidance and support along the way. However, being surrounded by other business owners who are on the same page as you or have already made those decisions can provide an alternative insight into best practice.
Running a business can sometimes be a roller-coaster of emotions, so good and regular communication with your fellow franchisees can prove invaluable. Everyone has days when they feel like giving up, it’s perfectly normal. Having a support network at hand with people who understand the emotions you are going through can be really helpful.