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February 23, 2009
As businesses like The Utility Company continue to promote managed services franchises, I noticed these eight tips to franchise success from Entrepreneur.com. The article, written for all types of business owners (not just MSPs), helps you to determine if you’d thrive within the franchise business model. Frankly, I’m not sure I’m franchise material. Here’s why.
At first glance, I fit many of the descriptors for a successful franchise owner. I’m a go-getter. I’m motivated. But I’m not sure I could adhere to a set of pre-defined best practices or rules within a franchise model.
One of my management styles is both a strength and a weakness: I make a lot of spur of the moment educated guesses. I think I might drive a franchise company crazy with daily off-the-wall suggestions. My business partner, Amy Katz, provides some much-needed analytical balance in our business. And we both enjoy the freedom to write our business rules from scratch.
Curious to know: Are you franchise material? Before you answer check out the Entrepreneur article.
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