Wes Barefoot Reveals the Character Traits of a Successful Franchisee

Feb 15, 2023

39:42

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Episode notes

Investing in a franchise offers access to a successful system, along with training and support; however, the franchise owner's individual level of success is ultimately dependent on how much they put into it.

Not everyone is cut out to be a franchisee, but those who are able to attain success often share many of the same character traits.

As obvious as it may sound, one of the character traits is the ability to follow a system. This sounds simple enough, but you'd be surprised how many people struggle to do it.

In this episode, Rick is joined by Wes Barefoot, a Franchoice consultant, and a two-brand franchisee, to discuss the most important character traits to achieve success as a franchisee.

Stay tuned!

Key Takeaways

- What makes a good franchisee (02:23)

- Why you need to have realistic expectations (04:05)

- The bike analogy (06:12)

- It's not the franchisor's responsibility to make you successful (18:56)

- Follow the system (20:57)

- Participate and collaborate with others in the team (28:25)

- Give the business the commitment it deserves (34:00)

Additional Resources:

Connect with Wes Barefoot:

-Path to Freedom