As an aspiring entrepreneur, purchasing a franchise can be a great alternative to starting a business from scratch. Becoming a franchisee offers the opportunity to own a business with a proven track record and established brand recognition. However, like with any business, franchise owners can make a number of mistakes that limit their success. In this article, we discuss some of the most common small business mistakes to avoid as the new owner of a franchise. Not Working with a
As a small business owner, it’s important to stay on top of your finances and operations. You may not be aware of any weaknesses or issues within your business, but if you don’t monitor them regularly, they can quickly become a problem. The Addison County Chamber of Commerce can help you figure out where to begin. In this blog post, we will discuss some best practices for finding and removing financial and operational weaknesses in order to strengthen your small business.Prioritize Cash Flow One of the