How to think like a franchise owner – NOT an employee

If you’re nervous about running a franchise because you’ve only been an employee up to this point, don’t worry. Most franchise owners were employees themselves once. The only difference between them and you is that they learned how to think like business owners to make their franchise a success. You can, too!

Delegate the tasks

The best bosses know that running a business is a team effort. But as an employee, you may be used to being assigned certain tasks and completing them on your own. And you still have to complete important tasks as a franchise owner. It’s just that now, delegating other tasks is a big part of doing your job, too.

Lead your team

If you’ve ever had a sub-par boss, you probably know that part of their lack of appeal came from the way employees were treated. As a boss, you know how to motivate your staff while always gaining their respect – skills that will serve you well in franchising.

Truly take ownership

When you run a franchise, you don’t just own a business – you own all the PROBLEMS that come with that business. Employees may be able to get away with saying “I don’t know” or “It’s not my job” to customers and clients. Not so with franchise owners. Because when it comes to quandaries, the buck stops with you.

What else do YOU think it takes to be a franchise owner?