The Perfect Franchisee
There is such a thing as the “perfect” franchisee, and from my operational experience, I will relate what I think that perfection looks like:
1. Fully Comprehend the Business Model
The whole work environment within a franchise network works so much better if the parties going into the business together (franchisee and franchisor) fully comprehend the very special relationship that is franchising. It is so much harder to control, or indeed manage franchisees when they are consistently bitter about paying royalty fees; ignore any kind of advice; try and reinvent the wheel, etc.
Franchisors should try to educate their franchisees as part of the application and induction process about the business model and how it works in practice. If you are going to buy a franchise – take the time to understand the model.
2. Accept that Success is in Their Court
By buying a franchise, this does not mean that it is easy street! Like any other business, it still takes hard work, dedication, commitment and enthusiasm to keep the business going and growing. The only real difference with starting a business by buying a franchise is that you should have an extra burst of help in the beginning when you start up, and your ‘trial and error’ period is vastly reduced. Other than that, the franchisor is not going to run the individual businesses for the franchisees – that is up to them.
3. Respect Authority and Integrity of the Business Model
This is a major one. By fully understanding the business model, the franchisee will also grasp how very important it is to stick to the model. A perfect franchisee will stick to the operations manual and will engage with the franchisor on occasions where he may think that something valuable could be added or altered within the model. A really great franchisee works with the franchisor and not against him. It is important to respect who made the business successful enough in the first place to make it a franchisable concept!
4. Motivated to Grow and Expand
The whole idea about franchising is to GROW a business and brand. The ideal franchisee will have this as one of his main motivators, next to making a profit (and increasing that profit over time.) Very few franchisors are going to be looking for franchisees who are happy to ‘cap’ their earnings and are complacent in the level of business they are doing. This works against the crux of the franchise model.
5. Annihilate ‘Half Empty Glass’ Thoughts
We all know there is nothing worse than having a Moaning Minnie around you. They bring you down and make you want to really drink a whole bottle of wine on your own, while hanging precariously off a ledge. A fantastic franchisee is one that accepts that there will be ups and downs, but learns from them...gets up and keeps going. Anyone who is likely to blame others for their failures and lack of activity is not suited to franchising. Your fellow franchisees are part of your backbone of support when you are a franchisee, so it’s important to be strong for each other and to support each other when times get tough. When things are in a dip, it’s not a time to band together and rally negativity at the franchisor. Nothing good comes from moaning (you can quote me on that.)
Copyright © 2009 Shelley Pearson.
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