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Special Feature


Getting ahead T


Do you stick to the schedule? It might be the time to invest in a management franchise. Flora Neighbour reports


o be early is to be on time. Being an eff ective head honcho is largely about time management. According to new research published in the journal


Manufacturing & service operations management, executives should monitor where their time is going and pay as much attention to time as money. But, being a successful manager is also about possessing organisational and people skills, and having the ability to nurture and support your employees. Running a management franchise is


no diff erent. Essentially, a management franchise is a business you run while employing staff to carrying out the hands-on activities. You’re managing the operation rather than using a franchise name to sell your skills. A white-collar franchisee is responsible for motivating people, whilst problem solving common business issues such as limited


resources and, of course, time. When it comes to a management franchise, the franchisor will provide support alongside an operations manual to help the franchisee hit the ground running. Previous managerial experience is not necessarily essential, but is a plus. The training and assistance is there to allow the franchisee to establish their franchise and help with diffi culties that may be apparent at the beginning, while also supporting the franchisee along the way.


What this category of franchise provides is an array of business sectors to choose from – you’re not just restricted to one or two. So, the biggest decision needs to be about what you want to receive from your franchise. Whether it is for fi nancial gain, to build a network of business contacts, or even create an investment to sell on when you retire, research is still a must. Here, six franchisees explain why they decided to manage a franchise and their experiences of the sector…


Esquires Richard Neal


Richard runs the Esquires, Worthing store. He has been an Esquires franchisee since November 2013 and hasn’t regretted it once.


How have you found running your franchise so far?


Being a franchisee is still like running any other business, you need to be there. It comes with the same challenges; it takes time, hard work and dedication. But by having a proven brand and formula, you avoid the mistakes that may occur being in business on your own.


June 2016 | BusinessFranchise.com | 27


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