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thexton armstrong master franchise

In order to be successful as a franchise entrepreneur, the right experience and training is of great importance but research* also shows that certain entrepreneurial competencies are essential for the success of franchise entrepreneurs.

Below are the 5 important competencies of a successful franchise partner:

 

1. Perseverance

Keep going, even if you experience setbacks sometimes. Do not avoid any possible obstacle.

2. Persuasiveness 

Always try to use good arguments to convince others around you. Make your clients enthusiastic about your services and convince them in a positive way.

3. Networking

Building a strong network can help you attract new customers. Networking enables you to maintain your existing relations and to bind your customers to your services.

4. Decisiveness

Don’t let yourself be strongly influenced by the opinions of others. Take your decisions independently. And dare to make them, even if others do not agree with you. You must be able to make decisions, even in stressful situations. Do not hesitate.

5. Responsibility

You run a business. So take responsibility for your own actions. Taking responsibility is essential as an entrepreneur.