They say it’s a man’s world out there, but not where franchising is concerned! Women are taking the franchising business by storm, and with good reason. Below are just a few of them.
Serious organizational skills
Women are great at organizing (we’re looking at you, Martha Stewart!) – one of the key skills needed to successfully manage a franchise. Part of putting the right things and people in the right places is an eye for detail, as well as the ability to prioritize. It turns out women have these abilities in spades!
Don’t think that just because a person works wonders with organizing means they’re glued to their plan. Franchisors need to remain flexible, which a lot of women already are (balancing home and work expectations much?). Ladies can think on their feet, and adapt quickly when they see something is – or isn’t – working.
Anyone who is looking at a successful businesswoman is probably looking at someone who is a master communicator. Although women’s communication methods may differ from men’s, they know how to get their point across to staff, vendors, franchisors and their customers or clients.
Women aren’t about to part with their hard-earned dollars without a reason. When they do open franchises, they tend to be cautious with finances, which means they’re willing to start small in order to grow their franchise in the black.
Let’s hear it for the ladies!