If you are a hands-off manager, it can be easy to overlook continually developing your team members through training. Acknowledge the achievements of the people in your business and reward them. Where employees feel as if you value their contribution to your business, they are likely to perform better and stay with your business longer. You can offset this by providing them with positive feedback and rewards. One of the challenges of running a franchise where you are hands-off, is that your employees may feel like you fail to notice the hard work they are putting in. This system will allow you to provide employees with feedback, set clear, achievable goals and set your workforce up for success. You may introduce targets and measuring how well employees perform. Where you are not always present in the workplace, you will need to ensure you have a system that supports this lack of supervision.
HANDS OFF FRANCHISES FREE
If you have great people in place who are experienced managers, that may free you up a bit more.” ( Source) Ensure you have a system for monitoring performance “That may depend entirely on the trust you have in the people managing your business on a daily basis. Caffey, a lawyer and franchise expert describes how hiring correctly could dictate how hands-off you could be:
The better and more dedicated your employees are, the more comfortable you will feel leaving them to it. You may also want to give your employees, particularly managers, the opportunity to voice their opinions and have their say in shaping the future of the business. While you may have big plans and ambitions for how you plan to scale and grow, you need to make sure everyone who works in your franchise understands their part to play.
HANDS OFF FRANCHISES HOW TO
In this article, we set out how to make the most of being a hands-off franchisor and the benefits you can reap as a result.Īlso essential: 5 Common Franchising Myths Set clear goals and communicate them to everyone in the business You may feel like you miss out on important information, or fail to spot problems in the operations of the business. However, this one-step-removed approach to running your business has its drawbacks too. For example, if you wish to start a care franchise you can hire experienced and well-trained carers to do the hands-on work, while you focus on the running of the business. You do not need to be experienced in the work to be carried out. Not carrying out the frontline work of your franchise also allows you to be more objective when choosing a franchise opportunity.
There are several benefits to taking a back seat from the everyday running of your franchise, including that you have more time to grow the business and work on making it more profitable. Instead of being ‘hands-on’, they are a ‘hands-off’ business owner. For many people, running their own business means managing a team of employees who carry out the day-to-day work of the business.
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