How to terminate a franchise agreement
Although a franchisor will give you the tools,...
Your goal as a Canadian franchisee is going to be success. Brand growth is a primary goal, and with that comes things like a healthy bank account, respect from your peers and employees, and other benefits. If you start out strong, you will have a better chance of growing early and enjoying the success that follows. To get yourself off the ground and running, take a look at the following steps.
Go all in
Don't look at your franchise as a side job or something you do when you have the time. While your franchise may, in fact, be a side job, you still need to give it your full energy if you want to get somewhere. Even if your time is limited or spotty, pour it into your franchise. It's your effort and enthusiasm that will make your location thrive, even at the outset.
Market ahead of time
As you set up to open your new business, there will probably be some buzz. People in the community want to know what you are going to have to offer and when you will open. Give those people what they want and promote yourself a bit in the process. When you spread the word about your location early, you will attract curious customers out of the gate.
Leverage your business skills
Chances are you have skills from your previous jobs that can really help you in your new business. Use those skills to your benefit now. Consider how your past training and abilities could work to your advantage in your new location now. Whether you've been a manager, trained other people or handled cases, these types of tasks will be easy to pick back up.
Tick off all of the boxes
Do your research and check everything off of your list before you even schedule your grand opening. This is work and will take time, but you don't want to have to run around and try to get things done right before, after or even during your opening week. When you get all of those necessary side tasks done before your grand opening, you can focus on your business itself during this crucial time.
Talk to your peers
There may very well be people around you who have some great advice and ideas about your business. Ask your family members and friends about their ideas, as well as anyone with business experience you know. Of course, you don't need to listen to every piece of advice you receive from people and you still must stick to your franchise system, but it doesn't cost anything to hear them out.
Rome wasn't built in a day, and your new business won't be, either. However, you can speed up the process by starting off running instead of walking with your franchise.