In addition to the regulatory requirements, you can expect that you will be regularly needed to provide the franchise with a visible and consistent source of confidence, and at times, needed to keep the peace.
During the initial growth phase of your franchise, until the unit sales become extensive enough to allow you to afford a team of professionals to help you manage the network, you will remain the person that the Franchisees look to for settling disputes, implementing requested changes for the network, granting exceptions to policy and rendering a verdict on essentially every unforeseen decision. This can prove to be time-consuming, demanding and frustrating to a new Franchisor. Even as you grow and begin to bring other management into your organization to formally develop your franchise support system, you’ll still be seen as the primary decision maker by many of your early franchisees. The tendency for this is strong, primarily in the first stage of growth as Franchisors develop strong relationships with “early adopters” in their franchise network.
Later, these early adopters are rarely willing to make the transition from the dependence on the founding Franchisor to the formal support team a graceful one, and generally speaking, early adopters will always look to the founder for ongoing guidance when there’s an operational challenge, grievance, personal request, or other non-routine need.
While this role varies from franchise to franchise, suffice it to say you will find yourself at times having to be a mediator, an accountant, a lawyer, an operations officer, a quality control officer, a job safety officer, and more during the early days of your franchise. The important note here is that while this can feel and appear to be excessive “hat wearing,” the experience and insight you will gain while initially responding to these needs will pay dividends and you’ll very quickly gain a first-hand understanding about how your franchise operates.
In the end, with a successfully developed franchise, you’ll find yourself both challenged and rewarded and in ways that aren’t usually possible as a single business owner. Contact us today and we can start you on your path to getting there.