A personal commitment to your craft and professional development is a defining characteristic of a franchise owner who’s going places. Finding that sweet spot between leading, motivating, and delegating as well as letting your people skills shine through will also help positively define your franchising legacy. Especially in conflict resolution circumstances,
Knowledge of the industry—in the case of Pretzelmarker, the booming quick-service restaurant (QSR) franchise sector—and a systems-orientation are also things that franchisors love to see in their investors.
Fortunately, though, you’ll only need to have a commitment to a proven business model and the Pretzelmaker system. You don’t need specific, first-hand advanced knowledge of how Pretzelmaker’s system operates.
You’ll get that first-hand, up-close understanding of Pretzelmaker’s system by undergoing initial training at Global Franchise Group’s Atlanta-based headquarters before your first day. The important thing is that you’re willing to follow a system and take brand consistency seriously. Find out the pretzel franchise cost and if you’re a good fit.
The solution to this is using metrics. These metrics measure and improve productivity, meet your marketing goals, and respond to changes in the market (details). All without losing sight of the Pretzelmaker system or your long-term career aspirations (big picture).
To put those incoming metrics to the best use and stay nimble enough to respond to market changes, franchisees need to remain coachable, open-minded, and personable. This allows them to take the feedback of Global Franchise Group’s amazing marketing team.
Pretzelmaker franchise owners need to be open-minded and curious about changes. These changes can add to their logistics, recruiting, staff training, or management tactics. Being adaptable ultimately helps you bring in more customers and create a better overall workplace environment.
On the big picture level, you obviously have a vision for being a rockstar franchise owner. But to get there, you may have to ask for help from time to time. Plus, you should remain open to input that Pretzelmaker’s area developers or marketing team might have that could be beneficial.
Your professional background likely isn’t a make-or-break factor when it comes to thriving as a franchise owner. There are a few general tendencies among franchise owners who tend to do well, though. The biggest one is that many thriving franchise owners came from systems environments of one kind or another.
An operations background is a plus since many of those job skills are transferable to franchising at Pretzelmaker. An operations manager is essentially tasked with ensuring the smooth operation of a company’s goods, services, staff, day-to-day operations, and customer service.
For a slightly different reason, a marketing background can be a bonus. This is because these professionals understand the importance of branding, customer service, and working together as part of a larger team to carry out a bigger vision.
It is worth noting, however, that neither of these backgrounds are necessary to thrive as a franchise owner. More important is your willingness to put in the work to build up your business.
Part of the bigger vision in franchising is having a clear idea of your future operation costs and understanding the total investment up front. The net worth requirement at Pretzelmaker is $250,000 and your liquidity requirement is $100,000. This covers costs like space leasing and equipment leasing.
Rajat Gnosh, a Pretzelmaker franchise owner, raved that it’s “a very simply business model” and that he “loves this business.”
If you’re detail-oriented, passionate, financially stable, system oriented, and receptive to feedback, Pretzelmaker is an amazing opportunity. Find out more about our franchising opportunity and the pretzel franchise cost by viewing our resource library.