{"id":13921,"date":"2014-11-17T02:32:25","date_gmt":"2014-11-17T02:32:25","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=13921"},"modified":"2023-06-18T14:23:25","modified_gmt":"2023-06-18T18:23:25","slug":"king-franchise-business","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/king-franchise-business","title":{"rendered":"How To Be The King Of Your Franchise Business"},"content":{"rendered":"<p><a href=\"https:\/\/www.thefranchiseking.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-13922\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/king-117443_640-620x465.jpg\" alt=\"king of a franchise business\" width=\"620\" height=\"465\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/king-117443_640-620x465.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/king-117443_640-320x240.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/king-117443_640.jpg 640w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/a><\/p>\n<p>That&#8217;s the goal, right?<\/p>\n<p>You purchased the franchise business you&#8217;re now the owner of , so you could be <strong>King<\/strong>.<\/p>\n<p>So, you could run the show.<\/p>\n<p>So you could be the boss.<\/p>\n<p>&nbsp;<\/p>\n<h2>What Does Being The King Mean To You?<\/h2>\n<p>While you&#8217;re thinking about that, let me share what being <a title=\"the franchise king\" href=\"https:\/\/www.thefranchiseking.com\/resources-for-franchise-buyers\"><strong>King<\/strong><\/a> means to me.<\/p>\n<h3>King= More Freedom And More Control.<\/h3>\n<p>It means I have more control in my professional life&#8230;in my career. It means I have freedom too. That&#8217;s important to me. It means that I have a shot at living <em>The American Dream<\/em>.<\/p>\n<p>What does it mean to you?<\/p>\n<p>What <em>will it<\/em>&nbsp; mean for you to be <strong>The King<\/strong> of your franchise business?<\/p>\n<p>&nbsp;<\/p>\n<h2>How To Be The King Of Your Franchise Business<\/h2>\n<p>Before you can be <strong>King<\/strong>, a few things need to happen.<\/p>\n<p>1. <strong>In order to be the King of your franchise business, you have to choose one that will allow it to happen. <\/strong><\/p>\n<p>In other words, you need to choose<a title=\"the best franchise opportunities \" href=\"https:\/\/www.thefranchiseking.com\/products-prospective-franchise-business-owners-franchise-king\"><strong> the best franchise opportunity<\/strong><\/a> for you. That&#8217;s half the battle. Did you consult with <a title=\"franchise professional \" href=\"%20https:\/\/www.thefranchiseking.com\/work-with-the-franchise-king-joel-libava\"><strong>an unbiased franchise professional<\/strong><\/a> before you bought your franchise?<\/p>\n<p>2. <strong>You&#8217;ll have to create a plan, and follow it. <\/strong><\/p>\n<p>You must have a plan. A specific plan that can be easily followed and easily tracked.<\/p>\n<p><a title=\"business plan for a franchise\" href=\"https:\/\/track.paloalto.com\/aff_c?offer_id=2&amp;aff_id=1256&amp;file_id=271\"><strong>Like this one<\/strong><\/a>.<\/p>\n<p>3.<strong> You <em>must<\/em>&nbsp; get to break-even quickly.&nbsp;<\/strong><\/p>\n<p>Getting to <a title=\"breaking even in your franchise business\" href=\"%20https:\/\/www.thefranchiseking.com\/break-even-in-a-franchise\"><strong>break-even in your franchise business<\/strong><\/a> will take your business to the next level. And the next, and the next&#8230;<\/p>\n<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/gold-crown-rss.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6802\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/gold-crown-rss.gif\" alt=\"the franchise king's crown\" width=\"191\" height=\"144\"\/><\/a><\/p>\n<p>So, get there as fast as you can. Doing so will put your <strong>Crown<\/strong> within reach that much sooner.<\/p>\n<p>4. <strong>Educate yourself on all things franchise<\/strong>.<\/p>\n<p>One way to make sure you&#8217;re headed in a <strong>Kingly<\/strong> direction is to learn what it takes to be a successful franchise business owner.<\/p>\n<p>Bookmark <a title=\"list of things to be a successful franchise owner\" href=\"https:\/\/www.thefranchiseking.com\/the-top-10-things-franchise-owners-need-to-do-to-be-successful\"><strong>this handy-dandy list of things<\/strong><\/a> that will help you become a wildly-successful franchise owner.<\/p>\n<p>The reason I want you to bookmark it, or&#8230;even print it out if you must, is so you can refer to it again and again.<\/p>\n<p>5. <strong>Define your success<\/strong>.<\/p>\n<p>What does success look like, feel like, even taste like in your case?<\/p>\n<p>Do you want to build a castle? Would you like to own a fleet of Italian sports cars? Do you want to be able to eliminate all of your debt? Pay for college in cash?<\/p>\n<p><strong>What do <em>you<\/em>&nbsp; want?<\/strong><\/p>\n<p>Write it down. Define success for you. Then look at the success list you just created once in awhile.<\/p>\n<p>Remember, success looks different to all of us. <a title=\"success in a franchise\" href=\"https:\/\/www.thefranchiseking.com\/what-does-franchise-success-mean-to-you\"><strong>Read<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2>Kings<\/h2>\n<p>If you&#8217;ve made good choices leading up to the purchase of your franchise business, your odds of becoming <strong>King<\/strong>&nbsp;are much better than if you shortchanged yourself along the way.<\/p>\n<p>It&#8217;s one thing to <em>become<\/em>&nbsp; a <strong>King<\/strong>; it&#8217;s quite another to <em>remain<\/em> <strong>The King<\/strong>.<\/p>\n<ul>\n<li>Make sure you have a good attorney you can call on when and if there are problems within your franchise kingdom.<\/li>\n<li>Make sure you have <a title=\"get money for your business\" href=\"https:\/\/www.thefranchiseking.com\/apply-for-a-franchise-loan\"><strong>access to capital<\/strong><\/a> when you need it. For emergencies. For expansion.Etc.<\/li>\n<li>Make sure you have a good accountant. That way you can make sure you are leveraging all of the potential tax benefits that come with being a small business owner.<\/li>\n<li>Make sure you have a good relationship with the franchisor. Be liked.<\/li>\n<\/ul>\n<p>I hope you found this post helpful.<\/p>\n<p>If so, don&#8217;t be shy. Please share it on the social media networks. Share it with franchise owners that could benefit from the information I&#8217;ve included.<\/p>\n<p><strong>Let&#8217;s create some Kings<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong><a title=\"online franchise business course\" href=\"https:\/\/franchisebusinessuniversity.com\/before-you-buy-a-franchise\/\">New: Take This King-Making Online Franchise Course<\/a><\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That&rsquo;s the goal, right? You purchased the franchise business you&rsquo;re now the owner of , so you could be King. So, you could run the show. So you could be the boss. &nbsp; What Does Being The King Mean To You? While you&rsquo;re thinking about that, let me share what being King means to me. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[1597,1481,32],"tags":[1498,487],"class_list":["post-13921","post","type-post","status-publish","format-standard","hentry","category-buying-a-franchise","category-franchise-business","category-franchise-purchasing","tag-franchise-tips","tag-the-franchise-king"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How To Be The King Of Your Franchise Business<\/title>\n<meta name=\"description\" content=\"The Franchise King\u00ae, Joel Libava, shows you how to be the king of your franchise business. Learn how now!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefranchiseking.com\/king-franchise-business\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To Be The King Of Your Franchise Business\" \/>\n<meta property=\"og:description\" content=\"The Franchise King\u00ae, Joel Libava, shows you how to be the king of your franchise business. 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Finally, he's been in franchising close to 25 years.","email":"joel@thefranchiseking.com","telephone":"2168312610","legalName":"Franchise Selection Specialists Inc.","foundingDate":"2002-01-20","taxID":"20-1184045","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/person\/b560fd324f6df9be52ac875e631beb66","name":"Joel Libava","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","url":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","caption":"Joel Libava"},"description":"I\u2019m The Franchise King\u00ae, Joel Libava. I'm the author of two helpful books on researching and buying a franchise. In addition, I'm a Franchise Ownership Advisor with 20+ years of experience working 1-on-1 with people interested in buying a franchise, safely. Subscribe to my free VIP Franchise Newsletter.","sameAs":["https:\/\/www.thefranchiseking.com","https:\/\/www.instagram.com\/thefranchchiseking1","https:\/\/linkedin.com\/in\/joellibava","https:\/\/in.pinterest.com\/franchiseking\/","https:\/\/www.youtube.com\/JoelLibava"],"knowsAbout":["Franchising"]}]}},"_links":{"self":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/13921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/comments?post=13921"}],"version-history":[{"count":1,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/13921\/revisions"}],"predecessor-version":[{"id":44249,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/13921\/revisions\/44249"}],"wp:attachment":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media?parent=13921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/categories?post=13921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/tags?post=13921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}