Many people believe that in order to buy a franchise, they must be an expert in the field. This is not true. One of the best aspects of franchising is that you can be successful without knowing anything about the industry. All you need is some managerial experience and business knowledge.
There are numerous franchise opportunities available, each with varying levels of training and support. The franchisor will train you on how to run your own business. So to own a successful franchise, you do not need to be an expert in the field.
So, how much experience do you need to start a successful franchise?
The most valuable experience you can bring is that which can be transferred from one industry to another, whether you're making donuts or repairing water heaters. Keep in mind that you’re not doing the physical work. You’re managing the people who are.
Managers must help everyone do their best by having a bird's eye view of the business. From human resources to customer service to sales and marketing, a good manager should be able to deal with various personalities, respond to crises, solve problems, and generally be at ease around people.
In other words, your ability to hire good people and communicate with customers is far more important than your ability to turn a wrench or repair a faulty hard drive.
However, experience alone will not get you far as a franchise owner. You must be driven and motivated. If you don't have a get-up-and-go attitude, no amount of experience will help you be successful.
If you would like to find your franchising path, please schedule a brief call here.