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Top Tips To Help New Franchisees Achieve Success

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Happy New Year from us here at SureCare! Today on the blog, our MD Garry Farrer provides you with his top tips on achieving success with a new Franchise.

Over the years, I have met and worked with many good franchisees and the ones which really succeed are the ones who have put in place the best possible plan from the start.

Buying a proven franchise business model is only the beginning. This is when the hard work really starts. Having a clear vision, knowing your numbers, surrounding yourself with great people, sticking to the plan, taking regular breaks to recharge the batteries and, ultimately, knowing how you want to exit are all essential ingredients in becoming successful.

In order to help franchisees starting out in business, I have put together with the help of my colleagues a list of great tips and advice which I hope you will find useful.

Among my top tips are:

  • Rid yourself of negative people and surround yourself only with “can-do” people;
  • Focus on where you want to be in 5 years – e.g. bigger house, sports car, financial security – and pin it on the wall so you see it every day;
  • You cannot plan your success enough – fail to plan, plan to fail;
  • Work from a 5-year cash flow plan – this allows you to plan for icebergs on the horizon;
  • Borrow more money than you need at the start and maintain a positive working relationship with your bank;
  • Take short breaks to stay fresh – even a walk to clear your head can be a good thing;
  • Keep your wife or husband updated with the new business – you need your spouse on board so they understand any stresses you may be under;
  • Talk with other franchise owners regularly and make sure you get the most from your franchise support team;
  • Recruit the best people you can afford and look after your team – it is easy to let the long hours and stress wind you up;
  • Stick to the programme – you have bought a proven franchise business model so don’t change or mess with it;
  • Celebrate your successes – especially the small ones;
  • Work as hard as you can from the start – and never give up;
  • Know what your exit plan is and have this in your business plan from day one;
  • Always consider what if things go wrong – what colour is your parachute;
  • Listen, listen and listen some more.

Taking that first step into business whether on your own or via a proven franchise model like SureCare can be a daunting process.
By joining a company like SureCare you are giving yourself a great start, but it is no more than that.

You will have a fantastic support team to guide you and provide advice every step of the way. But, ultimately, only the franchisees themselves will determine whether or not their franchise will be the success they hope it will.

I am passionate about great businesses and even more passionate about the great people who make for great businesses. Watching franchisees blossom and succeed is probably the single most satisfying aspect of my role as MD.

I hope the tips and advice contained in this blog are of use to anyone starting out on what can be a fascinating, exciting and rewarding journey.

If you are interested in finding out more about franchise opportunities with SureCare, please do not hesitate to contact us.