Eighty percent of businesses fail within the first five years. However, the success rate for franchises is markedly better, with a recent study uncovering that only 15 percent of franchises go out of business during this same time frame.
Franchise operators clearly enjoy more success during their formative years than independent business owners. But why?
A big reason is because of the training that they receive. Whereas entrepreneurs and independent business owners must figure out everything — marketing, financing, sales strategies, hiring, etc. — on their own, franchisees receive the guidance and direction they need to get their operations up and running as quickly and profitably as possible.
At Bin There Dump That, we recognize the important role that training plays in preparing our franchisees for success. If you’re interested in becoming a part of our team, we want to take this time to prepare you for our training program.
Here’s a look at some of the franchise training you can expect to receive: Continue reading “Franchising FAQ: What Type Of Franchise Training Can I Expect To Receive?”