If your definition of success is becoming filthy rich, opening up a franchise business could get you there. And it may not.
Although franchise ownership can provide a proven business model with instant brand awareness, it doesn’t always beget wealth. For that kind of success, business owners need to not only start a franchise that’s in demand with consumers, they need to employ strong people skills, and, of course, put in the hours learning everything about the company.
It may be tough to turn a startup-franchise business into big bucks, but it’s not impossible. Here are the three keys to striking franchise gold.
1. Cultivate your interpersonal skills. Not everyone is cut out to be a franchisee. The best and most successful tend to have a keen work ethic and stellar people skills. Read on…