More critical than how “hot” the market segment may be is how much you’ll love your work. In franchise systems where the owner invests less than $250,000 to get started, the owner usually carries 80% of the burden for the company’s early success on his or her shoulders. Enjoying your Job Description in the early years is critical, since you may be working 50, 60, or more hours a week.
Unfortunately, many franchise salesmen lead you into believing that preparing bank deposits, paying a few bills and coordinating employee schedules is all it takes to succeed. You must demand to know how franchisees spend their time in the early months of their unit and what they do as they mature. Write up a list of activities and assign amounts of time to each. Then call franchisees and get confirmation that this is accurate. Does this sound enjoyable to you?
steve on March 20th, 2005 at 10:10 am
The eagerly awaited re-launch of PR.com provides a unique way for franchisors to make the “hard work” find its success a bit quicker and more powerfully.
PR.com http://www.PR.com is an extremely powerful way to promote EVERYTHING about a Franchise or Business Opportunity and find potential franchisees or master franchisees. A truly unique Directory of Businesses, Products, Services, Jobs, Press Release Distribution, as well as original articles, reviews and interviews, PR.com provides a breadth of business information never before available from one source. The section specializing on franchises and business opportunities http://www.PR.com/business-directory/134 of PR.com gives a business the ability to promote its franchise or business opportunity in addition to anything else that is important to getting the word out about its businesses. Each business on PR.com gets a full Company Profile, almost of if all the information on its website is within its PR.com Company Profile. Further, if a company does not have its own website, its PR.com Company Profile can impressively serve as its own website with an address like Business.PR.com/YourCompanyName.
To learn more about how PR.com can benefit a business, see http://www.PR.com/promote-your-business.