Would you like to know a few habits and best practices that will enable you to become an even better franchise business owner in 2023?
If you’ve gotten this far into your franchising journey, then you already know some of the secret sauce for entrepreneurial success. Here are a few ways to build upon that momentum as we continue into this new year.
Own Your Failures (but Don’t Stew in Them)
Own Your Failures (but Don’t Stew in Them)The toughest part about business ownership is that the buck stops with you. That means you have to take ownership of failures and frustrations such as employee conflicts, revenue shortcomings, and inventory difficulties. The best way to handle them is to make sure everyone knows you’ll own them, not point fingers, and remedy things wherever possible. Once you’ve done that, it’s time to press on and not stew in failures for too long.
Communicate with Your Fellow Franchisees
Did you know we now have restaurant locations in 14 different states? That means you have dozens of other compatriots within the Island Fin Poke Ohana. We can’t over-emphasize the value of befriending at least one of your fellow franchisees to exchange ideas, celebrate victories, and even lament frustrations. Remember that owning a franchise business is not about being marooned on a faraway island. It’s a terrific opportunity to own a legitimate business AND connect with a team simultaneously.
Master Your Numbers
We all know that owning a business involves going over metrics, financials, and other quantitative figures. Resolve to make 2023 the year you become an even better expert on your business’ benchmarks, ratios, and other financial measurements. This is one of those things that separates the wheat from the chaff in the business world.
Don’t Forget to Contact Us for Help
Are you already part of the Island Fin Poke franchise team? Whether you’re already an owner, or seriously considering our franchise opportunities, never forget that you can count on us anytime for franchisor support. While this is not the same at every restaurant franchise, Island Fin Poke dedicates a lot of time and energy into ongoing training, developing market strategies, and other things that help you improve. You can even count on us for tangible items like inventory, supplies, surveillance cameras, computer equipment, and more.
Now you know that partnering with Island Fin Poke is an outstanding way to guarantee business success in 2023. If you’d like to learn more about us and/or explore a career as a franchise owner, contact us anytime.