Image of Six Traits of a Strong Franchise Candidate

Six Traits of a Strong Franchise Candidate

There’s a misconception that you need relevant industry experience to purchase a franchise. However, in many instances, this is not the case. The everyday responsibilities of a franchise owner rely on the transferrable skills you've acquired from practically any previous career. Becoming a successful franchise owner is all about cultivating a positive culture to attract and keep top talent, managing finances, and operations, and preparing to scale your business strategically over time.

According to industry experts, the most successful franchise owners share the following traits! 

Adaptable

Adaptability is an essential part of operating a franchise. As a franchise owner, you will juggle multiple roles, including office management, budgeting, marketing, and day-to-day operations. This is especially true early in the life span of your business. You will receive support from the franchisor, but unforeseen challenges arise from time to time, and you must be prepared to address them head-on. For that reason, franchisors look for candidates who can adapt to changing circumstances and withstand minor setbacks. 

Analytical

An ideal candidate comes into franchising with an ability to analyze business performance, identify trends, and assess where to focus their efforts. It is beneficial to know how to detect meaningful patterns in data and apply them to the circumstances of your business. The franchisor will provide support to help you optimize your business performance, but they often look for candidates who have an analytical mindset and business acumen. 

Coachable

One of the benefits of franchising is the knowledge and support you’ll receive from the franchisor. You may even receive access to a turnkey system depending on the terms of the franchise agreement and the business model. This knowledge makes it much easier to achieve success but only if you are able to follow a proven set of systems and procedures. Franchisors look for candidates who are open-minded and accepting of support and advice about their business. 

Communicative

As a franchise owner, you will interact with numerous people, from customers and employees to vendors and suppliers. The ability to communicate clearly and effectively is essential. Effective communication plays a critical role in cementing relationships with customers, retaining employees, and partnering successfully with the franchisor. Franchisors look for candidates who demonstrate strong communication skills, with customer service experience as an added bonus. 

Motivated

Starting a business takes grit and determination. While you will receive support from the franchisor, your success as a franchise owner is ultimately dependent on yourself. Maybe you are motivated by the impact you can have on others. Maybe it is to leave a legacy that will outlast your lifetime. Maybe it is solely for profit or because you appreciate the challenge of starting a company. Most of the time, it is a combination of several factors. Whatever your reasons, franchisors look for candidates who are motivated to succeed. 

Passionate

Franchising allows you to own a ready-made business but without passion, it’s unlikely that you will be successful. Passion is the fuel that inspires and drives you toward your goals. Starting a business can be time-consuming and, at times, challenging, especially as you learn the ins and outs of being a franchise owner. Franchisors look for candidates who are enthusiastic about building a sustainable business and proud to represent their brand. 

Do these traits describe you? If so, you may be well-suited to franchising. Invest in yourself and embrace the opportunity to learn something new while strengthening the skills you already possess.

The information contained on this website is not intended as an offer to sell a franchise or the solicitation of an offer to buy a franchise. It is for informational purposes only. The following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, British Swim School Franchising, LLC will not offer or sell a franchise in that jurisdiction unless and until the offering has been duly registered and declared effective by such jurisdiction and British Swim School Franchising, LLC has complied with applicable disclosure laws.

Request Franchise Info