How to Navigate Hurdles When Opening a New Franchise Location
So you’ve decided to open your very own franchise location, and now you’re ready to hit the ground running. First off, congratulations are in order! This is an exciting opportunity to expand your personal and professional experiences and achievements, and great things are in store for you.
While the beginning stages of opening your franchise location are exciting, that doesn’t mean you won’t be met with various challenges. It’s essential to be prepared for some common hurdles that may pop up along the way.
Hiring a Reliable Team
At Camp Bow Wow, we are adamant about educating and supporting our franchise owners through extensive training and corporate support. However, the recruitment and employment of new employees for the location is one part of our franchisee’s responsibilities.
For new franchise owners, hiring may seem like a daunting task, but focusing on the roles to be filled, the traits you’re looking for in an employee, and how many team members you’ll need will allow for a seamless hiring process.
Juggling New Responsibilities
Change can be challenging to adapt to, and that applies to the day-to-day responsibilities of new franchise owners. Whether you’ve owned a business in the past or transitioned from a 9 to 5, your daily schedule is likely going to change from the schedule of your past role. Remember that your franchisor is here to support you throughout this transition and help you navigate any uncharted territory.
Assess Start-Up Costs
A new franchise location is one of the most valuable investments you can make. Like any investment, you’ll need to thoroughly assess start-up costs to ensure the opportunity is a good fit for you. Determine how much funding you will need, and remember to factor in any additional fees or expenses that would help your business continue to thrive.
Are you looking to be a part of a low-risk, high-growth industry with high rates of repeat customers and a business model that ramps up quickly? If so, we think it’s time you joined the Pack!
To receive your complimentary executive summary and learn more about franchise opportunities, fill out the form below or call us at (870) 600-2713. We’re looking forward to having you join the Camp Bow Wow family.