Understanding your businesses success model can help you predict each twist & turn.

The ability to predict the ebbs and flows in your business before they happen is one of the unique benefits of franchising. Because of the proven business model you will have access to learn from the experience of all the franchisees who came before you. The franchise business you have chosen should have records detailing the best seasons, years, conditions, and locations that they have to gain top line revenue. Using this information, you can easily automate a schedule, budget, and business plan to capitalize on this information, as well as plan ahead for potentially slower business situations.

One of the smartest things you can do as a potential new franchise owner is to sit down with the records and plans set forth by the Franchisor. Analyze these business ebbs and flows, notice trends over time, and use this data to extrapolate your own predictions and goals, independent of those provided by the corporate office. This allows you to do your own business analysis and to be in the driver’s seat of your decisions.  By reviewing the data and understanding your strengths and weaknesses will be key to finding your true franchise partner.If you’re not well versed in business strategy, these recommendations may seem overwhelming. You may benefit from a helping hand and guidance in your entrepreneurial journey.

Careyann Golliver is America’s Franchise Matchmaker™ and the Founder of Franchise Logic. She can help you determine what is the proper choice when it comes to purchasing a franchise, as well as alert you to potential sale valuation and loopholes. With over two decades of experience in entrepreneurship and franchising, she can provide critical feedback and guidance for a franchise exit strategy. Contact Careyann today or call 303.805.5078.