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Three Key Components of a Successful Franchise Manager

What makes a successful franchise manager? This is a crucial question that anyone considering entering this type of business should ask themselves to truly succeed in what they set out to achieve.
What makes a successful franchise manager? This is a key question that everyone considering entering this type of business should ask themselves to truly succeed in what they aim to achieve.
The owner of a franchise can be anyone who has the money for it, but being successful in it is only possible for someone who possesses the key components, which we will outline in the following text.
Of course, these are qualities that are developed through self-work, and if it seems that you don’t have everything listed, don’t be discouraged. Everything can be learned and practiced.

Communication skills

What is important for anyone who wants to become a successful entrepreneur are communication skills, and it is the same in the world of franchises.
Franchising is an art that cannot be created alone; you need a good team around you. If your words and emotions cannot motivate your employees to give their best, it will be difficult for you to be a good leader.
Being a franchise manager often means facing many challenges, especially if you are just starting in this business. At that point, your communication skills are the most important, showing how you will encourage your team and prove to them that any obstacle can be overcome together.
Besides the team you have hired, communication with other entrepreneurs and networking are key to advancing and growing.
Communication skills are something not everyone possesses, but they can be learned. The best way to learn is by observing other successful people, listening to their stories, and talking with them.
Apart from networking itself, you can also learn through the internet. There are so many quality speakers everywhere, for example in Ted Talks videos, from whom you can learn a lot that will make you a better speaker and leader.

Playing by the rules

When you invest in a franchise, you are buying the whole package which, besides the successful business itself, also includes rules that are specific to each franchise.
For this reason, many successful entrepreneurs in this industry often say to leave your ego at home. It is important to stick to the agreed-upon rules and have a good understanding of the franchise concept. After all, if franchises didn’t have rules, they wouldn’t be franchises but independent small businesses.
The first thing you need to consider is whether you can play by someone else’s rules. How has this worked for you in the past? Were you able to adhere to the policies and guidelines of the companies you worked for?
If you have generally been successful at this despite possible disagreements with your boss, franchising is a niche where you can succeed. In a franchise, there is no room for implementing new ideas; you must work according to a well-established concept, because it is precisely this concept that brought the business plan to such success that it could expand and become a franchise.

Hiring Skills

When running a franchise, it is important to have well-developed hiring skills and the ability to find quality employees who will keep the business at a high standard.
A common mistake made by young franchise managers is hiring unqualified workers due to a limited budget. This often leads to the business suffering, because even if the franchise provides training for future employees, it won’t be enough if the people hired are not capable of performing the job properly.
As Ashwani Duggal says, “Hiring one smart person is much better than hiring two who don’t understand the system,” and this is something you should keep in mind when hiring. Not only will people who don’t understand the system slow down your progress, but they will also be much more costly than someone who knows how things work.

Become a franchise owner

If after reading this article you feel that you possess all the mentioned qualities and are ready to become a successful franchise manager, now is the perfect time to take action.
In Croatia, more and more people are recognizing that investing in a franchise is a profitable business and an excellent opportunity for existing entrepreneurs, as well as for those who aspire to become one.

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