Traits Successful New Jersey Franchisees Don’t Have

New Jersey franchisees typically have a number of excellent traits in common that help them run successful businesses. They are often highly motivated, organized and diligent. But just as there are certain traits that are highly desirable among franchise owners, there are other traits that are just bad for business. And if you have any of these traits – you must overcome them in order to run a successful franchise.

Here are three traits that successful New Jersey franchisees don’t have:

  1. Lack of self-discipline

Every franchise owner has experienced days when they simply don’t feel motivated. The successful ones however, are able to overcome this feeling through relentless self-discipline.

Fortunately, there are many simple tricks and tools that an entrepreneur can use to help with their self-discipline. These include setting goals and having a regular routine that they follow each day to help them reach those goals. By organizing your day into timelines and regular duties, it becomes much easier to measure your accomplishments.

So on those rare days, when you just don’t feel motivated – remember this is the true test of your self-discipline.

  1. Fragility

There are days when operating a New Jersey franchise are going to be just plain hard. A customer may complain or you may overhear an employee talking about you behind your back. You may even be turned down for that big sale that you were just sure that you were going to make.

But if you want to be successful in the franchise world, you are going to need to have a thick skin! It’s important to learn how to deal with these situations calmly and without emotion.

Because you are part of the franchise system, there will be times when your franchisor gives you feedback – and it might not be all positive. While this type of feedback is ultimately meant to help you, it might not always feel this way. It’s important to know how to use this feedback to your advantage without letting it hurt your emotionally.

  1. Inability to follow the rules

Owning a New Jersey franchise is different that owning a regular start-up. Franchises have a lot more rules that you will have to follow. The reason for this is simple – your franchisor has invested a lot in building up a recognizable brand and business process.

Franchisees who can’t follow the rules put all this at risk. In certain cases, not following the rules can lead to your franchise being revoked.

While there may be rules that don’t always seem to make sense, they are there for you benefit – and for the benefit of all the other franchisees in the network. If you want to take a certain action and you’re not sure whether it falls within the rules, it is always best to ask your franchisor first.

While it is naturally for New Jersey businesses to have their own weaknesses, it is clear that certain weaknesses will pose more of a problem to your business than others. If you find any of the above weaknesses exhibiting themselves in you, it is best to take the necessary steps to overcome them.


Stay in touch with FranNet of NJ & NYC.
Enter your email below for updates.

[wysija_form id=”2″]

Apr 18, 2016