Three Tips for First Time Franchise Owners

You’ve secured financing, you’ve done your research, and you’re finally ready to buy your first franchise. Of course we all know the obvious tips, like choose a great location, but here are a few tips you may not have thought of or read about.

Three Tips from Franchise Partner, WIRED National

Start With an Exit Strategy

It is important to have contingency plans in case things don’t go as you wanted. If you don’t plan for what happens when things go south, you could lose even more money. Creating a backup plan for everything from terminating a lease early to closing or selling your business can help you prepare for the unexpected. Creating these backup plans before you purchase your franchise or enter a lease is even better.

Plan to Hire Turnkey Contractors During Construction

When your general contractor hires a plumbing company, do you think they hire two or three different companies to install different stages of the plumbing process? Probably not. Just like plumbing, it is best to hire one company to install a need from start to finish, if possible, and IT installation is no exception. As a franchise partner, one of the biggest mistakes we see is a Franchisee will hire a wiring company or a licensed electrician to install their low voltage wiring, then they hire an IT installation company to install their TVs, phones, WiFi, cameras, etc. This is basically like hiring a company or contractor to do step one of the installation process, then hiring a different company or contractor to do step two of the installation process. This approach often leads to miscommunication and can cause more work for your contractors, ultimately costing you more money.

Seek Quality 24/7 IT Support 

IT support is not something you want to cut corners on! In 2020, no company runs successfully without internet or phone access. Even if you are looking into a car wash franchise, you still need reliable WiFi and security cameras for administrative and liability purposes. Having a resource to contact at any time, any day is a valuable asset to your future business. 

Free Consultation with WIRED National - Franchise Partner

Wired National is a leading comprehensive technology support service specifically developed for franchisees and commercial business. Wired offers a free consultation for implementation and ongoing support tailored to the needs of your business. With a quick explanation and a smart fix to immediate problems, Wired offers leading nationwide IT support and installation.

For more information on Wired National IT services, installation and support, and a free consultation, visit our website or contact us at info@wiredtelcom.com or (315) 326-0001.