JImLaganke

According to Jim LaGanke , President of Stewart’s All American, owning a franchise is a great way to start your entrepreneur career journey. However, it is not a piece of cake. Of course, as a businessman, you might have enough knowledge, but there are some things you need to know to operate your business smoothly. If you own a franchise and want to grow it further, here are few tips by Jim LaGanke to win at franchising. Pay attention to what your customers say - The best way to grow your franchise is by listening to your customers. From store walks to surveys and staff feedback are some of the ways that help you feel the pulse of your business. One of the most common traits of a successful franchise owner is their ability to directly talk to their customers. Think out of the box while hiring - The restaurant industry has been a constant sufferer of high staff turnover. Therefore, you need to get a little creative while hiring. This is because having great employees can make a gre

Yes, franchising is considered as the safest growth opportunity. However, just like any other profession, it also comes with its own downsides that most aspiring entrepreneurs fail to pay attention to. If you wish to become a successful entrepreneur, you must get yourself familiar with the biggest blunders that most entrepreneurs make, says Jim LaGanke, President of Stewart’s All American. Before you step ahead to buy a franchise, you must stay abreast with the current market and learn from the mistakes that most beginner entrepreneurs have made. To help you avoid those mistakes, Jim LaGanke explains some of them below. Not getting the right financing - Starting a franchise and getting the right financing isn’t as simple process as it looks. This is where most budding entrepreneurs fail. Those who start the process of getting funds late may face unfavorable terms. For example, if you’re buying a franchise from a newer concept, a bank will require at least 30 percent down payment.

From YouTube Vlogs to blogs and personal consultation, you would have gotten the same advice everywhere that buying a franchise is the easiest way to become an entrepreneur and make more money. And yes, it is a proven model that definitely works well with planning and strategy, says Jim LaGanke , President of Stewart’s All American. On the contrary, you would have also heard some franchising failure stories where people lost their money. Although there is a risk of losing your money in running a franchising, it doesn’t mean it will happen to you. To be on the safer side, it is important to perform a careful research on your potential options and make a plan accordingly. Before you make a final decision, below are some of the important questions given by Jim LaGanke that you should ask yourself. How much I am willing to put in the investment? Buying a well promoted  franchise gives you an opportunity to take advantage of the economic benefits that you may not get otherwise. These bene