Are you thinking about absentee franchise ownership? There are several steps you’ll need to take to ensure your franchisor is comfortable with your decision and to ensure your greatest chance for success. In this interview, Carmen Chavez de Hesse, franchise expert, explains the steps you should take if you’re considering this type of management.
Some of the items Carmen hits on are:
- Being honest with your franchisor (0:24)
- Building and manage great team (0:51)
- Connecting with your community (1:02)
If you’re looking at a pet franchise and considering being an absentee owner, I think one of the most important things that you’ll have to take into consideration is your financial capability to staff the location with a manager.
Talk with Your Franchisor
Also, you’ll need to have a direct and honest conversation with your franchisor as to whether or not they’re going to allow absentee ownership.
In many instances, even if you’re an investor, they want you to have a brick and mortar salon, they want you to have the experience of running the day to day operations before you step out as an absentee owner or start to scale your own business with multiple locations or even as an area developer.
Build a Strong Team
In order to be a really good absentee owner, you need to be able to hire and manage a great team and keep them on board to drive your day to day operations.
Invest in Your Community
You also would probably need to really invest time in your community so that you can focus your time on still driving business to your locations and becoming an active member in the communities that you’re serving as an absentee owner.
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