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5 Tips for Expanding a Franchise Business

Best In Class Education Blog

As a franchisee, the hardest decision may have been which franchise to become a part of, but your work is not over once you have made a choice. You have the chance to make an already successful business even more successful so that you can reap greater rewards. Further expand your franchise business by taking these five steps.

1. Utilize the Franchisor’s System

One of the biggest appeals of buying a franchise is receiving an already proven business system to use. All the trial and error has been done so you don’t need to do it again. Follow this successful model. Become familiar with all aspects of the system, continue training, and frequently review the information. If you have questions or concerns, ask the franchisor. Take advantage of the support available to you.

2. Be Responsible for Your Success

The given system puts you on the road to success, but it is your job to stay on it. You need to do some homework to ensure the growth of your business. For example, attend conferences and conventions to expand your knowledge in the industry you are in. Customize your marketing to make it more relevant and effective in your community. Focus on improved customer service, thorough employee training, and efficient daily operations. Use the tools and support you have been given to make smart decisions in areas of your control.

3. Fine-tune Your Business Skills

Being responsible for your success requires that you have excellent business skills. Some of them will come with time and experience, but others you can – and must – acquire right now. You need to have at least basic understanding and practice in the following areas:

  • Accounting
  • Management
  • Human resources
  • Industry regulations
  • Legal matters

Increase your education of these subjects by taking business courses, attending seminars and trade shows, reading books, and learning from colleagues. The increased knowledge will also help you make wise business moves to expand your franchise business.

4. Take Leadership Opportunities

The more involved you become in the franchise system, the more your business will grow. Does your franchise organization have an owner’s advisory committee you can join to share your opinion on corporate matters? Are there opportunities to train other franchisees or speak at events? Take these leadership opportunities to help not only your business grow, but also the parent company and other franchisees so everyone wins.

5. Own Multiple Units

The previous tips will prepare you for the final action of expanding your franchise business: adding more units. According to Entrepreneur, becoming a multi-unit owner is a surefire way to increase your profits. If you have already proven successful with one unit, then opening more makes sense – for your franchisor, too, as you do not require any training or show high risk.

Become a Franchisee for Best in Class Education Center

Whether you are looking for your first franchise or another one to add to your portfolio, join Best in Class Education Center in bringing quality after-school programs to the children in your community. We are committed to helping you succeed, because it means your students can succeed, too.

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Meet Our Franchisees

Best in Class Education Center has developed a flexible system that allows you to create your own work schedule and caters to your personal needs in establishing a new business. Veronica Reyna, a multi-unit franchisee from Cypress, Texas, has some great advice on what it’s like to get started with our program and some tips for those of you that are thinking of starting a franchise with us.

 

-Veronica Reyna

Best in Class Education Center believes in providing you with all the tools you’ll need to succeed. In this video, Ira Giri, a multi-unit franchisee out of Katy, Texas, shares her Franchisee Training experience with you and how it prepared her to be a successful franchise owner.

 

-Ira Giri

Best in Class franchisees come from many different backgrounds and nationalities, but what they all have in common is a deep passion for helping their community and an immense drive to be successful entrepreneurs. In this video, four franchisees from different parts of the country will share with you why they chose Best in Class Education Center to be their ultimate franchising opportunity.

 

-A group of franchisees

Carole Said, a franchisee out of Houston, Texas, has a few words to share with you about her onboarding experience and why she chose Best in Class Education Center.

 

-Carole Said