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There are thousands of franchises to choose from &#8211; some more successful than others. Here are some characteristics that successful franchisors have exhibited (traits those looking to get into the industry should take note of): Having good relationships with franchise brokers A good franchisor needs solid credibility. The more credibility, the more units you can sell. Franchise brokers are a good asset to have to bolster success. Be a unified franchise Maintaining high standards from all franchisees and ensuring the entire franchise network is consistent is important to the value of your system. It shouldn&#8217;t matter if you&#8217;re in Los Angeles, Chicago or Miami &#8211; the customer should receive the same experience no matter the location. Maintain strong leadership A great leader, especially of a growing business, maintains transparency and looks out for what is best for the business. Being knowledgeable about trends, new laws, forecasting outlooks, and caring about staff and employees is a great way to maintain franchise morale and customer loyalty. Be passionate No one will buy into a business if they don&#8217;t feel the reciprocated passion of the management team. Buying into a franchise is a huge commitment and it&#8217;s important for potential buyers to feel the same amount of enthusiasm you feel. Confidence and true dedication in a brand is noticeable, so allow it to fuel the sales process. Cultivate good hiring skills It takes talented and successful workers to run a successful franchise from the inside. Marginally qualified candidates can hinder and slow down the growth and sales process of a franchise. Just as franchisees must be the right fit for a system, so must corporate members.

1851 Franchise

Many franchises succeed and many fail. 1851 compiled the characteristics that most successful businesses share. 

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5 Traits of a successful franchisor 

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5 Traits of a successful franchisor

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