What are some top tips for new franchisees?

A tip for franchisees is that they must sustain a daily presence and have a ‘hands-on’ management style in their franchise. Although it has been shown that franchises have a very high percentage success ratio, there remains an element of risk. This risk can be minimised and profits maximised by the owner of a franchise […]


A tip for franchisees is that they must sustain a daily presence and have a ‘hands-on’ management style in their franchise. Although it has been shown that franchises have a very high percentage success ratio, there remains an element of risk. This risk can be minimised and profits maximised by the owner of a franchise maintaining a daily presence in the business.

If a potential investor in a franchise system believes that they can delegate responsibility for the operations of a franchise and merely reap the rewards, they will strain the resilience of any business system, even a proven franchise.

Derek Smith
About the Author
Derek Smith is the owner of Hot Dog Cafe and the elected FASA chairman for 2013.

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