Surprising Relationships Every Franchisee Needs | Rauchway Law

Getting your start as a franchise owner might feel like a process that is only focused on you and your franchisor, but there are many other important relationships to foster in order to succeed.

As a franchisee, you have the opportunity to interact with many people who can help your business endeavor succeed. From mentors to legal counsel to the parties you interact with day in and day out, the importance of these relationships might surprise you as you grow as a franchise owner.

Relationships for Franchise Owners to Foster

A Mentor
For franchisees, a mentor may be a more experienced franchise owner in your network or even your franchisor, but regardless of who it is, this is an important relationship to have. Having a mentor has many benefits for business owners, including providing wisdom, stimulating leadership growth and giving thoughtful counsel on business issues that franchisees are facing.

A Legal Professional
One of the best things that franchise owners can do for themselves is to foster a relationship with a law firm that is experienced in franchise law. A legal professional can review your contracts with the franchisor, vendors and other parties, provide guidance on decisions and ensure that everything you do for your business is helping you move forward in a legally sound way.

Colleagues in Your Industry
While it is tempting to think of colleagues as competitors first, developing relationships with franchisees in similar industries as yourself is a prime opportunity to gain new perspectives and network with other people in your field. Attending conferences, trade shows and other events tailored to franchise owners and small businesses is a great way to get exposed to new processes and ideas you otherwise would not experience.

Your Day-to-Day Coworkers
Though there are many different categories of people you work with day in and day out, it is important to foster relationships with each and every one of them to keep your workflow running smoothly. Your vendors, suppliers and employees all have a large impact on your franchise—fostering a friendly connection when you interact with these people will be good for morale and ensure you have a reliable network around you to handle daily operations.

Ready to develop a relationship with legal professionals who have extensive experience in franchise law? Get in touch with us!