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3 Common Challenges New Franchisees Might Face

Owning your own business can be incredibly rewarding, especially if it centers around something that you love. For example, if you’re a pet lover, running a dog daycare and boarding franchise can make for a lucrative and fulfilling career. However, there are some common franchise challenges that you should be on the lookout for when it comes to ensuring that your business remains successful. Any business, whether a franchise or not, is susceptible to challenges. Knowing what to keep an eye on and prepare your business for can make all the difference in whether your endeavor will be fruitful or a flop.

Cash Flow

One of the biggest challenges for any business revolves around money. Finding enough funding to get started and then maintaining appropriate cash flow during the first year to continue operations and build success can be a challenge for many business owners. Inexperienced business owners sometimes take on more than they can realistically afford when it comes to location, size of operation, and expenses. That puts them behind from the start and managing appropriate cash flow becomes a lost cause. Understanding what’s within your budget before you jump into a new business venture is key. Working with a quality franchise, like K9 Resorts, sets you up for success from the beginning by helping you through the process. The K9 Resorts team helps franchisees secure a site, negotiate a lease, find a builder, and more in order to get the business open on time and within budget to set you up for success.

Confidence

Opening a new business can be stressful and scary – especially for first-time entrepreneurs. A lack of confidence is one of the common franchise challenges though it may not be discussed frequently. Doubting your choice to become a business owner is common and even expected, but cultivating your confidence is crucial to your business’s success. Partnering with a trusted franchise like K9 Resorts gives you access to a wide range of resources and continuing support that can build your confidence as a business owner as well as your experience as an entrepreneur. The team at K9 Resorts begins their support from the minute you sign a franchise agreement. From help with location selection and real estate to a comprehensive training program and proprietary systems that are proven to be best in class, you’re set up for success as a business owner from the beginning. Having support is invaluable when you strike out on your own and partnering with a quality franchise can make all the difference.


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Right Employees

Your business is only as successful as your employees. One of the top franchise challenges is finding, training, and retaining the right employees for your business. Your staff is the face of your business and in a customer-service heavy industry like dog daycare and boarding, you have to find people who can please both pet parents and pets alike. High turnover can hurt a new business, so focusing on finding the right employees from the start is crucial to your success. One of the most beneficial parts of partnering with a franchise like K9 Resorts is that they provide quality training programs that help your employees gain the required skills necessary for your business’s success. Keeping your customers happy is key and having a staff that’s engaged and takes pride in their work can help you achieve that goal. The training the K9 Resorts offers is on par with that received by employees of some of the most customer-focused businesses in the world, like Disney. Having confidence in your staff and providing ongoing training to help them succeed is critical for success. You can’t run a business without satisfied customers and your employees are at the heart of making that happen every day.

If you’re interested in opening your own dog daycare and boarding franchise, learn more about the K9 Resorts process. We’re focused on helping you avoid franchise challenges and fostering a successful and long-term business relationship.

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