How to Mistake-Proof Your Franchise | VetFran

“If you want to grow, you need to get over any fear you have of making mistakes.”—John C. Maxwell

Owning a business is all about making mistakes, right? Well, what if you could start your own business and skip the mistakes by learning from others? Wouldn’t that be the best way?

Our team at VetFran wants to share some tips for how to do that.

Learn From the Mistakes of Others

While mistakes are bound to happen here and there in any business, the key is to avoid them as much as possible in order to focus in on growth.

Let’s take a look at some of the biggest mistakes most businesses make:

One of the first mistakes is not having a business plan. You need to have a guide of where your business is and where you see it going. You wouldn’t drive your car from point A to point B if you didn’t at least have a path to take, right?

The same is true for your business. You want to have a road map for your business so you can have checkpoints that help you make sure you are on the right path.

Second, you want to also make sure you have a marketing plan. If you do not have a marketing strategy in place, then how are other people supposed to know about your business?

In addition, marketing is more than letting people know a business is open. It’s important to create a marketing plan that meets customers and potential customers where they are, helping them make buying decisions and lean on your business as an expert.

Finally, you want to make sure you have business insurance. It might seem like an extra cost in the beginning, but it is so important. As stated by The Hartford, “businesses need business insurance because it helps cover the costs associated with property damage and liability claims.”

Work with your franchisor or an insurance broker to determine the different types of insurance coverage you’ll need to cover all the bases.

Are you ready to make a commitment to a franchise? Our team at VetFran is here to help. Contact us today!