Imagine being so successful with your valet trash franchise that you make $1,000,00! It can be done, but you need to work for it. This type of success won’t just fall into your lap. But, it is possible! Start a valet trash franchise like a pro- here’s how:
Start with Research
The foundation of any business is understanding what your valet trash company has that people need, even if they don’t know it. To do this, you have to spend some time researching data. This data can be about renter demographics, the economy, the local areas you would be servicing, or anything that will help build your case when it comes to proposing to someone else why there is a demand for your business and why they should invest in your franchise.
An easy way to think about it is to imagine someone asking you why you chose valet trash as a business to start. What would you say? Being prepared with information to back up your venture will show others how serious you are about your valet trash franchise and will begin to put you in the expert category of valet trash. And, when you are an expert, people will equate that with success and money which often proves reliability and thoroughness.
Investigate the Competition
If you don’t know what your competition is up to, how do you know your company is better? To start your valet trash franchise like a pro, you absolutely must know what the other guy is up to and you need to keep tabs on him throughout your franchise career. Don’t just assume that you can compete at the beginning of your franchise business. Markets change and to stay on top of the game, you need to be in tune with the fluctuations as they happen. Staying competitive will keep that bank account brimming from a steady stream of new franchisees.
Listen to Your Customers
Your customers should be your number one reason (other than making a million dollars) to keep your valet trash franchise fresh and functioning. Listening to their feedback is a must, no matter what kind of business you run.
If you receive feedback over and over about a trash bin design flaw or about the tendency your valets have of not showing up for shifts, you need to do something about it! Nothing kills a business faster than ignoring the clients that are paying for your services. Stay in touch with residents and with franchisees constantly. Hold meetings, webinars, send emails, send reps, do whatever it takes that works for you, and them, to stay in touch. This shows your franchisees that you are running a professional business and that they are integral to success.
Create a way to stay in touch that works for everyone. Pay attention to the feedback from residents and property managers. What’s going on that just isn’t working? What services are being requested? Be willing to change your current methods and products if necessary. Move forward with your valet trash service franchise partners, employees, and clients and maintaining respect and success will happen. Or, you could ignore the feedback and kiss the potential of making $1,000,000 goodbye.
If you want to run your business like a pro, organize it like one! Organization in your physical office to your daily schedule all the way through your document filing system will keep your days running smoothly. Highly-successful professionals will tell you that organization is one of the keys to arriving at the top. Scheduling your time and assets will free your mind from worry and allow you to stay focused. Keeping a clear desk and a clear mind translates into a clear path to your goal of making $1,000,000 with your valet trash franchise.
If organizing isn’t your strong suit, hire someone who specializes in time management. This can be an administrative assistant or a productivity manager.
You can run your valet trash service franchise like a pro and make $1,000,000 if you are willing to invest your time, do your research, hone your listening skills and be open to new ideas and have an open mind about the ebbs and flows of demand and the marketplace.
Above all else, know that your goals are within your reach.
And never, ever, give up on your dreams.