Would You Make a Great Franchisee?

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Would You Make a Great Franchisee?

franchisee

Have you ever thought of buying a franchise and becoming a franchisee? Or dreamed of owning your own business? Owning and running a franchise is much like running any other business, only easier. That’s because most franchise systems have been refined – the kinks have been ironed out for you so you don’t have to learn the hard way from your mistakes.

There’s also less risk when purchasing a franchise because it’s based on a system that works – and you also typically get support and advice when you need it.

Having said that, it still takes a certain kind of person to run a franchise – because a franchise is still a business. What kind of person does it take? It takes someone who has an entrepreneurial spirit, in addition to a certain set of skills – such as a strong work ethic, the ability to learn and be flexible, and strong interpersonal skills.

What Professionals Make the Best Franchise Owners?

There are certain types of jobs that are particularly effecting at honing the skills it takes to be a successful franchisee.  What are these jobs? A recent article in Entrepreneur magazine identified five types of professionals that would make excellent franchisee candidates:

Sales executives topped the list. Not only have sales professionals learned the importance of promoting their “personal brand” – selling themselves as well as their product – they also have learned to earn based on their performance. That’s one reason we believe real estate agents are the perfect fit for our Lincoln Franchise opportunity. They are not only seasoned salespeople, but they already understand how title and settlement processes work.

Team leaders and managers were also high on Entrepreneur’s list because they have experience managing employees, divvying up responsibilities, and nurturing talent. Real estate brokers fall under this umbrella. And these skills combined with their knowledge of title and settlement also make them ideal candidates for our franchise opportunity.

The other three professions on Entrepreneur’s list were accountants because of their organization skills and experience managing money; athletes because they typically perform well in structured environments; and small business owners. The latter makes perfect sense as anyone who already has experience running a business will certainly have a good understanding of all the areas that must be covered for business success.

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If you think you have what it takes to be a franchisee and have some knowledge of the title industry, contact us today. Our franchise model is a great opportunity for anyone interested in entrepreneurship, but is an especially good fit for those who already work in the title industry or in real estate, including real estate brokers and agents.

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