{"id":5917,"date":"2012-04-01T22:38:39","date_gmt":"2012-04-01T22:38:39","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=5917"},"modified":"2023-12-19T20:31:11","modified_gmt":"2023-12-20T01:31:11","slug":"10-things-that-will-insure-your-success-as-a-franchise-owner","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/10-things-that-will-insure-your-success-as-a-franchise-owner","title":{"rendered":"10 Things That Will Insure Your Success As A Franchise Owner"},"content":{"rendered":"<p><a title=\"Success in sight.... by seeveeaar, on Flickr\" href=\"https:\/\/www.flickr.com\/photos\/seeveeaar\/2035597695\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/farm3.staticflickr.com\/2038\/2035597695_2a8948d94b.jpg\" alt=\"Success in sight....\" width=\"500\" height=\"333\" \/><\/a><\/p>\n<p>Successful franchise owners have several things in common. If you&#8217;d like to be a successful franchisee, pay attention to the things I&#8217;ve listed.<\/p>\n<p>There are actually <strong>10 things that will insure your success as a franchise owner<\/strong>&#8230;if you&#8217;ll focus on them.<\/p>\n<p>I&#8217;ve listed them below, but first, there are several things you need to do-before you become a franchise owner.<\/p>\n<p>Take a look at the 6 things that I&#8217;ve listed-that people have done <a title=\"franchise lawyers are helpful so don't be a cheapskate\" href=\"https:\/\/www.thefranchiseking.com\/dont-be-a-cheapskate-hire-a-franchise-lawyer\">before they signed their franchise contracts<\/a>.<\/p>\n<h2>Do These Things!<\/h2>\n<p>This list of things aspiring franchisees do, go a long way in helping increase <a href=\"https:\/\/www.thefranchiseking.com\/the-likelihood-of-success-in-franchise-ownership\">the franchising success rate<\/a>. Here they are:<\/p>\n<p>1. They learned all they could about <a title=\"the franchise model\" href=\"https:\/\/www.thefranchiseking.com\/the-franchise-business-system\">the franchise model<\/a><\/p>\n<p>2. They chose a franchise that matched their skills and personal traits<\/p>\n<p>3. They did incredible <strong>research<\/strong><\/p>\n<p>4. They stayed within their budget<\/p>\n<p>5. They got the right franchise business loan<\/p>\n<p>6. They used a franchise attorney<\/p>\n<p>Will you make a commitment to do the 6 things I&#8217;ve named? I hope so.<\/p>\n<p>If you do-good things could and should happen. If you don&#8217;t-if you choose to be a maverick and ignore one or two of them, several not-so-good things may happen. Costly things. Things that will take a long time to fix.<\/p>\n<p>Let&#8217;s continue.<\/p>\n<p>I&#8217;ve found that the<em> really<\/em> successful franchise owners&#8230;the ones that consistently rank in the top 20%, do 10 things extraordinarily well.<\/p>\n<p>If you do what they do, you&#8217;ll have a shot at real success, too.<\/p>\n<h3>Bookmark this post right now\u00a0so you can refer back to it when you <em>become<\/em> an \u00a0owner.<\/h3>\n<h2>10 Things That Will Insure Your Success As A Franchise Owner<\/h2>\n<ul>\n<li>Follow the procedures that are stated in <a title=\"franchise operations manual\" href=\"https:\/\/www.sba.gov\/community\/blogs\/guest-blogs\/industry-word\/operations-manual-basics-future-franchisors\" target=\"_blank\" rel=\"noopener\">the operations manual<\/a><\/li>\n<li>Follow the rules and regulations stated in your franchise <a title=\"read the fdd\" href=\"https:\/\/www.thefranchiseking.com\/franchise-buyers-dont-need-to-read-the-franchise-disclosure-document\" target=\"_blank\" rel=\"noopener\">agreement<\/a><\/li>\n<li>Take the suggestions given to you <a title=\"franchise field rep visits\" href=\" https:\/\/www.thefranchiseking.com\/after-you-buy-a-franchise-will-you-get-field-visits\"> by your field reps<\/a><\/li>\n<li>Use <a title=\"franchise technology\" href=\" https:\/\/www.thefranchiseking.com\/how-is-their-franchise-technology\">the technology<\/a> made available to you by the franchisor<\/li>\n<li>Follow the franchisor\u2019s <a title=\"franchise marketing plans and fees\" href=\" https:\/\/www.thefranchiseking.com\/what-about-the-franchise-marketing-fees-fund\">marketing<\/a> plans<\/li>\n<li>Be obsessive about your <a title=\"importance of a franchise business plan\" href=\"https:\/\/www.franchisebizplans.com\/\" target=\"_blank\" rel=\"noopener\">numbers<\/a><\/li>\n<li>Create close <strong>relationships with other franchisees<\/strong> in the system<\/li>\n<li>Get <a title=\"power of franchises in local community\" href=\" https:\/\/www.thefranchiseking.com\/franchise-power-the-franchise-model   \">involved <\/a> in the local community<\/li>\n<li>Be amazingly <a title=\"rating the franchises\" href=\"https:\/\/www.thefranchiseking.com\/ask-franchisees-how-they-rate-products-services\">enthusiastic and positive<\/a><\/li>\n<li>Commit to <a title=\"franchising advantages\" href=\" https:\/\/www.thefranchiseking.com\/advantages-of-franchising\">winning<\/a><\/li>\n<\/ul>\n<h3>Bookmarking Bonus!<\/h3>\n<p>Here&#8217;s another post for you to bookmark:<\/p>\n<p><a title=\"top 10 ways to lower your risk when buying a franchise\" href=\"https:\/\/www.thefranchiseking.com\/top-10-ways-to-lower-your-risk-when-buying-a-franchise\">The Top 10 Ways To Lower Your Risk<\/a><\/p>\n<p>Go ahead. Do it!<br \/>\nSuccess image courtesy of seeveeaar on Flickr<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Successful franchise owners have several things in common. If you&rsquo;d like to be a successful franchisee, pay attention to the things I&rsquo;ve listed. There are actually 10 things that will insure your success as a franchise owner&hellip;if you&rsquo;ll focus on them. I&rsquo;ve listed them below, but first, there are several things you need to do-before [&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":[6,32],"tags":[847,848,886],"class_list":["post-5917","post","type-post","status-publish","format-standard","hentry","category-become-a-franchise-owner","category-franchise-purchasing","tag-increase-franchise-success","tag-successful-franchisees","tag-top-10-franchisee-tips"],"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>10 Things That Will Insure Your Success As A Franchise Owner<\/title>\n<meta name=\"description\" content=\"The Franchise King\u00ae lists 10 things that will insure your success as a franchise owner. Bookmark this important franchise blog post.\" \/>\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\/10-things-that-will-insure-your-success-as-a-franchise-owner\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Things That Will Insure Your Success As A Franchise Owner\" \/>\n<meta property=\"og:description\" content=\"The Franchise King\u00ae lists 10 things that will insure your success as a franchise owner. 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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\/5917","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=5917"}],"version-history":[{"count":2,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/5917\/revisions"}],"predecessor-version":[{"id":45611,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/5917\/revisions\/45611"}],"wp:attachment":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media?parent=5917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/categories?post=5917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/tags?post=5917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}