Vasil Mansur-Ulla I CEO I FOUNDER I INVESTOR

Highlighting successes from your previous franchise experience during an interview is crucial for demonstrating your value and suitability for the new role. Identify Relevant Successes: Review your experience in the franchise and identify specific successes that are relevant to the job you're applying for. These could include achieving sales targets, increasing customer satisfaction, implementing cost-saving measures, or launching successful marketing campaigns. Quantify Achievements: Whenever possible, quantify your successes with numbers or percentages. For example, you could mention how you increased sales by a certain percentage, reduced costs by a specific amount, or improved customer retention rates.

Reflecting deeply on your previous franchise experience during an interview involves thoughtful introspection and clear communication. Here's a step-by-step guide to help you tackle such questions effectively: Review Your Experience: Take some time to recall your experiences in the franchise. Think about specific situations, challenges you faced, successes you achieved, and lessons you learned. Identify Key Experiences: Reflect on the most significant moments during your time in the franchise. These could be instances where you demonstrated leadership, problem-solving skills, teamwork, or innovative thinking.

After 20 Years in Franchising i see Overlooking details is not advisable, even when facing tight deadlines, especially when managing a franchise. Here's why paying attention to details is crucial: Maintaining Brand Standards Compliance and Legal Requirements Customer Satisfaction

The most important thing is Financial Challenges: Many new franchisees underestimate the financial challenges associated with starting and running a franchise business. This could include initial investment costs, ongoing operational expenses, and unexpected financial setbacks. Without a thorough understanding of these challenges, franchisees may find themselves ill-prepared to manage their finances effectively, leading to cash flow problems or even business failure.

After 20 years in Franchise industry i see Yes, ignoring the system provided by the franchisor is indeed a significant mistake for new franchisees. The franchise system, established by the franchisor, encompasses the business model, processes, procedures, and standards that have been proven to be successful for the brand.

Skipping Due Diligence: Avoid rushing into a franchise agreement without conducting thorough due diligence. Research the franchise opportunity, its parent company, the industry, and the market demand in your area. Ensure you fully understand the franchise model, the support provided by the franchisor, and the financial requirements.