How to Optimize Your Time as a New Franchisee

Time really is everything in business, and even more so for franchisees.

With your bottom-line success dependent on how much you ensure all operations follow your franchise’s tried-and-true formula, there is little room for error.

Don’t use a one-size-fits-all approach

While sticking to the process, be sure to custom tailor your management style around different employees. Each employee will react differently to various approaches to management, so be sure to use the right one that works best for their personality.

As well, while you might use one strategy when dealing with customers – say, friendly and accommodating – you will likely need to have a stricter, more business-focused relationships with your suppliers to ensure on-time delivery of product.

Keep lines of communication open

Unless you can teleport, you won’t be able to be everywhere at once – so you should hire, and keep, the best talent to ensure all operations are running smoothly.

To do so, ensure you keep positive lines of communication open between you and your employees, so that they feel comfortable enough to contact you regarding problems even before they arise.

Plan ahead and keep a documentation log

Optimizing your franchise as a new franchisee is crucial, and planning ahead is one of the best ways to do it. By pinpointing how things need to be conducted in advance, you and your employees won’t waste time scrambling for answers under pressure – instead, they’ll know an efficient way to take care of problems before they arise.

Along with a plan, document how your operational efficiency is progressing. Highlight both positives and negatives, and make suggestions for the future and incorporate them into your long-term plans.

Doing so will optimize your franchise even more – leading to greater success.

To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.