Erin and Angela Coté chat again this week, this time discussing “The DNA of a Franchisee”. In her years in the franchise space as a franchisor, franchisee, and now franchisor consultant, she’s noticed there are 10 qualities that every successful franchisee shares, not matter the brand.
Listen to hear the qualities Angela has found the most successful franchisees have in common, and the ways those qualities can shape their business outcomes.
* The importance of being financially prepared
* Why you a franchisee must be systems oriented
* The flip-side: you’ll also need a touch of entrepreneurialism
* The power of loyalty for the brand
* Why you need to be patient as a franchisee
* The role of leadership skills
* The importance of being team-oriented
* Why a franchisee must be sales-oriented
* Ways being community-oriented can boost your business
* The power of true grit
* “The most successful franchisees are the ones that are community-oriented, sales-oriented, and team-oriented.”
* “I’m trying to bust the myth that franchising is turnkey.”
* “At the end of the day, you’re a business owner and you’re the one responsible for whatever happens in that business. It takes hard work.”
* “When you’re a business owner, you’ve got to have grit and the endurance to work hard.”
* “You have to be hard working or else you’re leaving money on the table.“
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