Dave Thomas

If you’re starting a franchise, you'll want to study your franchise agreement and understand the laws that protect both you and the franchisor. Once your franchise is running, make sure you network with not only your franchisor but others for fresh ideas. The key to your success is keeping your staff happy and maintaining your outside interest and personal life.

If you’re considering starting a franchise, or already have, remember to do your homework regarding franchise law. You don’t want to get stuck in a franchise agreement without knowing the facts and where to go for help, if needed. Use these tips to avoid falling into legal problems: Seek advice from only those franchise lawyers and consultants who have a serious depth of experience in franchising.

After you’ve taken the time to gather and train your employees, you need to figure out how to hold onto them. The success of your franchise depends on keeping good employees. Use these tricks of the trade to keep your staff happy: Be on time for interviews with them and let them know how much you value their time.

Starting a franchise is hard work and the pressure can sometimes affect you and your family. The support of your loved ones is important so put time aside to spend with your family. Remember that you have a life outside of your business and follow these simple rules: Never miss events in your kids’ lives — no matter how insignificant they seem.