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Franchising Path

Connecting You to Your Future

Ryan Perry

Balance Your Stock Portfolio By Investing In A Franchise

We've all heard the saying, "don't put all your eggs in one basket." However, it is some of the most valuable investing advice you will ever hear.

Putting all of your money into one asset class, such as the stock and bond markets, or going all-in on the newest meme-coin, can significantly influence your net worth.

Sure, you could win a lot of money using Dogecoin. However, the crucial phrase is "win" because restricting your investing in this manner is a gamble. You might lose a lot of money or leave money on the table.

Instead, wealth managers promote portfolio diversification by dividing up your assets among a variety of investments to spread out your total risk and boost returns by combining higher-return investments with your stocks and bonds.

This method can assist you in taking advantage of good times without losing your shirt in the case of a quick market downturn or a long-term economic event such as a recession.

This is when franchise investment might come in handy. Investing in franchises can help to stabilize your portfolio.

Anyone who follows financial advice is constantly reminded of the necessity of diversity. But what does that look like in real-world terms?

Diversity is like a healthy diet for your finances. As with nutrition, some people's needs and goals are different, but we know that some basic concepts apply to everyone.

Wealth managers propose a balance of holdings other than stocks and bonds, such as real estate, venture capital funds, hedge funds, and franchising.

Franchise investments can provide you with a healthy, stable portfolio.

If you are ready to balance your investments, please schedule a brief call with me.

6 Soft Leadership Skills For Successful Franchisees

Being a leader and mentor to employees is a huge responsibility. What I've noticed is that experience is valued, but soft leadership skills create good leaders who show proper behavior expectations for their employees.

For franchisees, leadership is frequently measured in terms of turnover rates, profits, and growth. To achieve peak performance, franchisees must also display the six leadership qualities that promote staff productivity and participation.

1. Straightforward Values
Good leaders act in the best interests of the franchise while maintaining core principles such as ethics and honesty. If you want your employees to be dedicated, you must be the type of person you want them to emulate.

2. Listen
When someone takes a risk and shares an idea or a worry, the only way to respond effectively is to listen attentively. Employees become better advocates when a leader can listen. It also builds empathy.

3. Objectivity
When difficult situations happen, strong leaders navigate them with creative problem-solving abilities. They collaborate with the team to identify solutions while maintaining integrity.

4. Strive to Improve
Some of the best managers I've met are constantly aware that there is always more to learn. It is especially important for leaders to exhibit a willingness to develop improved methods of managing people and operations.

5. Communication Techniques
In business, communication is frequently a challenge, and your franchise is no exception. Good leaders, on the other hand, are better at it, and your staff will feel supported and guided through a variety of scenarios.

6. View From a Distance
Good leaders anticipate the franchise's future and each employee's part. Employees can envision career growth and know that their contributions are valuable for company success when a leader has a clear vision.

Leading a franchise requires followers and employees who trust your direction. Improve these soft skills that show integrity and respect for employees in order to build your future with a supportive team.

If you would like to discuss the importance of these soft leadership skills, please schedule a brief call with me.