Success Tips For First-Time Franchise Owners
Are you new to entrepreneurship or the franchising world? If so, the best place to start is with a reputable and well-resourced franchise system.
Since you’ve chosen Fazoli’s, it looks like you’ve already checked item #1 off your list! As you begin to establish yourself in your new role as a franchisee, here are a few key tips to keep top of mind to maximize your chances of success:
Maintain your focus.
New opportunities can be overwhelming. Why? Because with each new opportunity, there are always ten more opportunities waiting behind each door you open along the way. Set clear goals from the start and stick to them. Once you reach goal #1, you can move onto goal #2, and so on, and so forth. Trying to do too much, too fast, right off the bat can be very challenging.
Know your mission.
Though you’re part of a larger franchise system, your personal goals as an entrepreneur and an employer can differ greatly from fellow franchisees — and that’s okay! As they say, you should be able to “say it in 30 seconds, or don’t say it at all.” Clearly define your vision for your Fazoli’s, and be able to present that vision to current and prospective guests and employees with ease.
Surround yourself with resources.
Let’s face it, new or old to the franchise world or the Fazoli’s system, it’s impossible to know everything. Fortunately, that’s what you have a support system for. Identify your go-to people for certain items, be those in-house employees or members of the Fazoli’s leadership team. Knowing what you know, what you don’t know, and who knows what you need to know is key. (Say that ten times fast!)
Stay in the know.
If you’re a good businessman or woman (which we’re sure you are!), we know you must have done your homework before entering into a new business endeavor. Have you ever heard someone say that “education is a lifelong journey?” That same statement holds true in the franchising world as well! Stay on top of industry trends and read up on the latest developments. Knowing what’s going on in your industry is half the battle of trying to stay ahead of the success curve.
Are you a potential franchisee looking for assistance getting your new Fazoli’s off the ground? If so, contact Sam Nelson at 1-800-446-4368 or fill out our information request form online to learn more about our available franchise opportunities, and how Fazoli’s sets our franchisees up for success.
- Trusted and experienced leadership
- Strong Brand reputation
- Stable and growing System Performance
- High Growth Potential
- Attractive Financial Performance
- Operational & Portfolio Compatibility