Buying a Franchise Business is not a get rich quick scheme. You have found the right opportunity, analysed the viability of the business, met the franchisor and signed the franchise agreement. Now the hard work begins.
The first year of managing your franchise business is often the hardest. This is when you will learn the core skills that are required to making your business opportunity successful. In the process you will also find out more about your own strengths and weaknesses.
Before you start any business the first question you should ask yourself is are you prepared for hard work? Unlike employment, you will have to be ready to deal with problems when and wherever they arise.
Are you ready to learn new skills? The franchisor will have provided you with initial training that all the franchisees need. Usually your training does not end there. Once you start running your business you will uncover gaps in your skills which need further training. It is imperative that you plug these gaps as soon as possible.
Remember that the franchisor wants you to succeed. Bearing this in mind it is important that you discuss your successes & problems with...
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