7 Habits of Highly Effective Franchisees

Franchisees, your attention is constantly required to sign paperwork, assign tasks or provide solutions to your franchisor. But are all of your valiant efforts and concentrated energy reactive or is there a proactive approach with your goals in mind? Zip through this checklist to make sure your actions are effective and objective driven.

1. Constantly Network with Those Smaller and Bigger than Your Franchise
Connect with people outside of your field as well as develop and retain close relationships with other franchisees. By expanding your work world, you’re expanding your opportunities.

2. Keep Your Eyes on The Numbers
Track, review and analyze the numbers of your franchise. Whether it be month-to-month profit and loss or unique website views, the data is sharing a specialized narrative of how consumers are interacting with your brand and what is and isn’t working.

3. Play By the Rules
Your franchise agreement is a set of hard rules with no flexibility. Work with your franchisor to give new ideas and help implement improvements. Breaking this agreement can drastically hurt your brand at a high cost.

4. Open Your Ear Before Your Wallet to Recommendations

A lot of advice, unsolicited and sought-after will pour in. It’s your responsibility to pause, do the background research and see if this recommendation best serves your organization.

5. Fiercely Protect Your Brand

The greatest asset a franchise can have is an established brand. This piece of artwork is a communicative tool that builds customer trust and industry credibility. Your reputation and longevity as a franchise depend on how you manage your brand. Put the right, experienced people in charge to help you monitor and extinguish brand issues when they arise.

6. Empower and Value Your Staff
Consumers don’t fall in love with a brand until the brand’s employees do first. They are your number one advocates and loyalists that keep your business running. Recognizing their extra efforts and acknowledging, and even applying some of their feedback, can all contribute to the positive culture of the company and can be good morale builders.

7.  Keep Your Franchise Modern with Healthy Updates

In an ever-changing marketplace those who stay relevant and maintain success are adaptable. If there is a chance to enhance customer experience, be open minded to changing and evolving. Just because something has always worked this way doesn’t mean it has to stick.

This article was handcrafted by WIRED National, a full-service IT provider for franchises.

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