Did you know that nearly 90 percent of businesses fail versus only 10 percent of franchises? If you decide to invest in the franchising industry, you’re already ahead of the curve but, there is always risk involved with opening up your own business no matter what model you choose. In order for you to be successful in your franchise journey, here are some tips and common pitfalls to avoid.
Trust Your Franchisor
A big reason why franchising is popular among business owners is simply the idea that a franchisor can act as a business mentor, or in the commercial cleaning industry, the Master Franchisee can act as the mentor for the Unit Franchisee. The franchisor-franchisee relationship should be a positive one, where both parties equally yearn for achieving success. A franchisor provides experience and knowledge of the business, market, and target consumer and is often the most valuable resource to a franchisee. The franchisee must be willing to trust that the franchisor has their best interest at heart.
At Anago Cleaning Systems, the goal is for Master Franchisees to provide business ownership opportunities for Unit Franchisees. Franchising is about the relationship each Master Franchisee has with their Unit Franchisees. As the popular saying goes, “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.” If a Unit Franchisee learns how to fish from their Master Franchisee, they’ll be fed for a lifetime and can then pass on their legacy to others.
Different, Not Easier
The franchise business model may seem like a quick “easy” way to run a profitable business, but time is always required to properly begin running a business. To get the most out of what a franchise business model has to offer, a franchisee must be prepared to put in the same time and work as they would with any other business model.
Different from an independent business, a franchise has certain operating standards that must be met and complied with – understanding this is critical to franchise success. Once a franchise buyer understands the company’s principles, they then should come up with a business plan unique to their own franchise.
Love Your Brand
If you truly believe in a franchise’s purpose, mission and value to the community, your passion will drive your motivation to succeed. At Anago, the emphasis placed on leadership, stability, longevity, and opportunity serve as the cornerstone to success. As a service-oriented business, Anago helps the community by offering superior cleaning services to clients while coming full circle with the Master Franchise model.
If you are interested in learning more about Anago’s Master Franchise model, please contact Judy Walker at firstname.lastname@example.org.