TL;DR
Successful franchisees shared four lessons, including focusing on financials and finding work-life balance, in an article by Forbes contributor Kate Harrison. The lessons were gathered from eight franchisees, including three Batteries Plus Bulbs franchisees.
With the number of franchise brands ever increasing, it's nice when new franchisees can learn from those who came before. To help her understand what contributed to a franchisee's success, Forbes contributor, Kate Harrison, spoke to eight franchisees, including three Batteries Plus Bulbs franchisees.
The tips focus around these four topics:
Your "people" are your link to customers, and need to be treated as well as customers.
Make sure you focus on the financials and model worst case scenarios.
Network with other franchisees and create an open dialogue.
Find your work/life balance.
In this story
This story was originally published in 1851 Franchise on September 29, 2018. Burnaze summarizes and links to the original reporting.
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