Friday, November 21, 2014

Find Out If Franchising Is For You

Wazzup Pilipinas!

Take a look in any street in the country and you will likely see a franchised business as more and more people are making the decision to engage in entrepreneurship.

One of the reason franchising has been so successful is that; a synergy is created between franchisor and franchisee. Together the two could achieve things that as individual business people they could not do. While there are many examples of successful franchises, buying a franchise is no guarantee of success. A great factor in franchising success is the personal traits of the franchisee. Here are some traits of successful franchisees.

1. Willingness to be a team player

The key to a successful franchise relationship is close cooperation between the franchisee and franchisor. The franchisor must take care of the interests of the franchise as a whole which may require complete cooperation in the part of the franchisee. The franchisee must also follow the system prepared by the franchisor. In the case of Aquabest, it appoints specialized franchise relations officers and customer care representatives to attend to the concerns and continuously build good ties with the franchisee. This means that Aquabest and its franchisees can work as a team to help each other succeed.

2. Passion for the brand

The adage that work will not feel like work if you enjoy it rings true in franchising. More than good rapport with the franchisor, the franchisee must also be passionate and committed to the brand in order to succeed. Being committed helps one go the extra mile to help the business succeed.

That is why one must take their time and shop around for a franchise that they truly like before committing. With over 700 franchisees, Aquabest owes its phenomenal growth to the hard work and passion of its franchisees who helped it reach its current status as the country's premiers water franchisor.

3. Are you eager to learn

Like any other industry, franchising continues to change and evolve with new developments constantly cropping up. To keep up with these developments interested franchisees must always hone their knowledge by attending seminars organized by their franchisors or other organizations. Aquabest holds regular meetings with its franchisees to help keep them abreast with the latest industry developments and trends.

4. Are you a “hands on” person

One of the advantages of franchising is most of the risks associated have already been encountered and overcome by the franchisors. Like most franchisors, Aquabest offers its franchisees a manual to help them run their business efficiently and effectively. However, the franchise manual that one would receive cannot possibly cover all possible scenarios. That is why one must be ready to be a “hands on” manager so as to monitor and address potential problems quickly and efficiently.

Should you possess most of these traits then franchising is indeed for you. To get started on your journey into franchising one can attend the free franchise seminars offered by Aquabest at their head office. For more information please contact Ms. Lyn Cordon at (02) 371-0478.

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  1. Thanks for writing such an informative article. As a student, I still really cant be as hands on as what this article asks of me to do. But starting at a pretty young age can help me for my future as I am taking a course in college in a few months about management and financial management and knowing how to manage a franchise can help me to learn further about my course and etc. I might give it a try in the near future.

  2. Well this will not only help those aspiring entrepreneurs who are thinking about starting their own business by buying a franchise but also those young teens out there like me who are already thinking ahead of ourselves. Thumbs up to the one who wrote this article.


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