Improve Your Performance as a Franchisee? Pick Five!
When I was an area developer and franchisee in various brands, I developed a simple engagement strategy that allowed me to accelerate my learning curve, develop lasting relationships and achieve my full potential as an owner. And all it took was one phone call a week! Sounds easy - and it is!
Time can be spent or time can be invested – a lot like money in our economy. By investing time, I’m not necessarily talking about being busy. Rather, what I’m talking about is investing your time valuably in your behavior or a specific activity. Becoming less busy and more valuable - that’s the goal.
Many entrepreneurs fear the idea of forming a board because they don’t know what to expect. What they aren’t realizing, however, is that boards can provide value in ways you might not imagine. In an earlier piece, I discussed eight benefits of having a board – many of which are common sense, easy to understand points. This month, we’re delving into some potentially unexpected benefits based on my first-hand experiences as a board member. Although the outcomes to each of the following situations were positive, the stories would have ended differently had there not been a board in place to help the business owners succeed.