So you want to be a franchisee? It is easy to become one, some people think. Just sign up, pay the franchise, royalty and other fees, get some training, ask for support, and you’re good to go. The question is, do you have what it takes to be an entrepreneur who can steer your business towards success?
Sufficient funds are necessary for a new car wash business to thrive. Expect break even to low ROI during the first two years of your business. This is why you must know how to make your money grow. Where can you get additional funds? What added services can you offer to increase your profitability?
You will need to create realistic financial assumptions and understand how to manage your cash flow.
We’ve interviewed all our franchisees. And one of the questions we always ask them is, “Do you have your family’s support?”
Starting a business is difficult as it is. More so if the people closest to you are skeptical of your endeavor. Nothing can be more discouraging than a spouse who blames you for using the family fund or a son who does not take pride in what you do.
Everybody wants to succeed. The question is how far are you willing to go to achieve success? Are you willing to spend a lot of time learning the ins and outs of the auto detailing industry? Will you push yourself forward even if your business seems to be down? If you answered yes to these questions, then yes, you are driven. And that will propel you up to the ladder of success.
You do not have to be an extrovert to be a successful franchisee, but you need to know how to mingle with your staff and customers. Are you willing to chat with your employees, talking about their issues at work or asking how you can improve your biz? Can you spend some time with your customers, enquiring about their preferences or just engaging in some pleasant chit-chat? If you can, then you are one step forward to becoming a good franchisee.
As a franchisee, you must be able to manage your time, efforts, operations, and finances. No matter how small you think your business is, it is nevertheless, a business. You have to create a schedule so appointments won’t overlap. Have specific storage areas for auto detailing products, tools, and equipment. Track your car wash expenses and income.
You do not have to be a car enthusiast to be a franchisee in the auto detailing industry, but you must be willing to learn how to clean and care for vehicles the right way.
To become successful as a franchisee, you have to be a people person. Since you will be a service provider, you will be mingling with a lot of people. Shy? No worries! Resources about boosting confidence, winning friends, developing leadership abound in the World Wide Web.
As a franchisee, you will be following the tried and tested model of the franchisor. Thus, you must be willing to learn and follow their rules, regulations and best practices. Yes, you will be running your own business, according to the standards set by your franchisor. Understand that as their franchisee, you are their brand’s ambassador.
You know what makes leaders good at what they do? It’s their ability to inspire and motivate others to become better versions of themselves. But you can only do that if you know and understand your people well and vice versa. Get their opinions. Empower your staff. Tell them you are all in this together, that all your combined efforts will benefit the company as a whole. Come from a place of help and in time, you will have people working with you to achieve the goals you have set.
These are just some qualifications that a would-be auto detailing franchisee must possess. For more tips on the auto detailing industry in general, visit the DetailXPerts Franchise blog.