3 Fundamentals About Owning Fast Food Franchises You Won’t Learn in School

Getting a business degree can be a great step toward learning some key fundamentals about finances, management, and working with a team for a thriving business. But there are some key lessons that simply can’t be learned in a classroom, only though real-life experience. While we can do our best to discuss some of these business lessons with you, chances are, you won’t truly learn them until you’re out on the field with fast food franchises.

#1: Setting Goals Is Powerful When Owning Fast Food Franchises

When jumping into their new fast food franchises, franchisees will obviously have goals in mind. But are your goals clear, concise, and measurable? These are keys to effective goal setting. By setting tangible goals that can be clearly measured and gauged, you’re helping to set yourself up for a good venture. An added bonus is to actually write these business goals down, such as in your business plan or even in personal side notes for yourself and other key players in your business to have access to.

#2: Know When to Let it Go

Over the course of running fast food franchises, owners will need to know when to simply let things go. These things can range from habits, tasks, or even people. As you run your business, stay mindful of the things that provide energy to you and your business, as well as the things that deplete this energy. Keep track of the habits and tasks that motivate you to do better and reach your goals, and find ways to nix those that drain you or act as roadblocks to realizing your full potential.

#3: Do it for Passion, Not Just Money

One of the thing that can get lost in translation is the true purpose for work in fast food franchises. Are you doing it for your weekly paycheck, or is there an underlying passion that helps to keep you and your business thriving? Companies that function based on passion have a firmer groundwork laid. When your customers leave, does it make you proud that you could help put a smile on their face? Do you seek each new challenge as an opportunity to do something bigger and better? When your heart is in it, the rest will come more easily to you than to those who are working solely for their bank accounts.

To learn more about fast food franchises and an opportunity with Great American Cookies, view our resource library.

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Great American Cookies is a part of the FAT Brands Family, which also holds the following Quick Service Restaurant brands:

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This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only..

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