How to Be a Successful Franchise Owner

Being a franchise owner with a successful business doesn’t happen by accident. It takes strategy and execution, and it takes time. If you’re considering going into business for yourself, be sure you are prepared for what to expect and what factors are within your control to run a successful business.

Be a customer-centric business

Providing your customer with a great experience goes a long way in driving future sales. Happy customers turn into returning customers. If a customer has a less than stellar experience, don’t get caught up in a game of who is right or wrong; just take care of your customer. As the saying goes, you’ll catch more flies with honey. Our Pinch A Penny franchisees that are compassionate and genuinely helpful are the ones who tend to be the most successful. Having a reputation for good customer service is a great way to help grow your business, and as an added bonus, word-of-mouth advertising from happy customers is free!

Believe in your brand

When you believe in your brand and your products, it shows! Customers want to shop in stores where they feel confident in their purchases and know they have support, should they need it. Many Pinch A Penny franchisees decided to become store owners after using our products and falling in love with the results they saw in their own backyards.

Ask your support team and other franchisees for help

Nobody expects you to know everything, not even your customers. Our franchisees are supported every step of the way through Pinch A Penny’s extensive training and ongoing support. It’s also not uncommon to see our store owners lean on each other for advice and help, creating a network of franchisee partners who believe in and trust one another. Seeing your fellow store owners as allies instead of competitors helps everyone get ahead!

Be a hardworking leader and franchisee

Becoming a successful franchisee is more than just showing up and being your own boss. It takes hard work and dedication. Some of the best ways to become successful are to be dedicated to running your business, becoming an expert in your field, and leading by example. Being a strong leader leads to having hardworking employees for your franchise with high job satisfaction. Good attitudes are contagious!

Be active in your community

Getting out there and supporting your local neighborhood is a great way to network with your potential customers and gain some support for your business. Being active in your community helps you meet your customers where they already are and start developing relationships before they even walk through the door. Great examples of this are supporting local sports teams or bringing your expertise to the community through classes and training.

At Pinch A Penny, we believe in providing extensive help and support to ensure that our store owners have the knowledge and resources they need to run successful businesses. If you’re ready to dive in and open a store of your own, contact our Franchise Development Team to get started!


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Best Practices for Hiring Employees for your Franchise

Having the right team of employees to help you run your store is a crucial piece of the business ownership puzzle. Sometimes franchisees struggle to find the right team members that will create a positive and knowledgeable experience with their customers. Don’t fret; this doesn’t have to be you! By following some simple tips, you can ensure you’ll be a successful franchise owner.

Franchise support for hiring employees

When it comes to recruiting new talent, don’t be afraid to lean on your franchise for support. Pinch A Penny supports our franchisees by helping them post jobs on social media, providing a pre-designed hiring package, and including hiring callouts on our website for every store. Each franchisor is different, so be sure to check with yours to see what they have to offer!

Provide detailed job descriptions for your hiring needs

In some circumstances, less is more, but not when it comes to job descriptions! It’s easier to target the right talent when you’ve provided a job description saying exactly what you need from a new employee and what their job duties will entail. You’ll save yourself the time of interviewing applicants who don’t have the skills you are looking for by being upfront about your requirements.

Streamline your interview process for potential employees

When interviewing several applicants for a position, it can be helpful to have a list of questions you know you want to touch on with each one. Those questions may include:

  • What are your short-term and long-term career goals?
  • What motivates you in the workplace?
  • Why are you leaving your current position?
  • What do you consider to be your most significant achievement?
  • How would your previous employer describe you?
  • Was there ever a time you made a mistake when helping a customer, and how did you fix it?

If the conversation is going well, you will likely find that you are asking additional questions that are not predefined, and that’s ok! But having a set list ensures that you are gathering a minimum amount of information from each applicant you interview.

Establish pay structure and benefits for your employees

When it comes down to it, your applicants will want to know exactly what is in it for them. A solid pay structure detailing hourly rates or salary, incentive programs, and scheduled performance and merit reviews can help eliminate awkward conversations in the future.

Hire employees that fit your team’s vibe and culture

If you’ve ever been part of a team that doesn’t quite click, you know firsthand how important it is to find the right fit. Being sure that the person you hire fits your team’s vibe will boost morale for everyone. Happy employees work harder and provide a better experience for your customers.

Limit future hiring needs by retaining current employees

The simplest way to limit your hiring needs is to care for your current employees and provide them with a workplace that encourages them to stay! At the very least, be sure that you are providing your current employees with:

  • Thorough job training
  • Team culture
  • Performance recognition
  • Advancement opportunities

Just as we train our franchisees to prepare them for running their new stores, you should also offer an extensive training program to your staff. Not only will this reduce your employee turnover, but it will also help to drive the sales and reputation of your entire business, resulting in higher revenue for your store. It’s a win-win!

Promote existing employees within your franchise

Nobody wants to stay in the same position forever. By providing advancement opportunities within your franchise, you limit the need to hire hard-to-find team members with more experience and knowledge than entry-level employees. When your existing employees are rewarded promotions, it shows your team that you value and respect their contribution to your business.

Hiring the right team can make or break a business’s success. Here at Pinch A Penny, we are proud to celebrate over 45 years of success and growth with our franchisees. If you’d like to know more about being your own boss and how we support our store owners every step of the way, Pinch A Penny’s franchise development team is ready to answer your questions and get you on your way! What are you waiting for? Dive on in!

 

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New Pinch A Penny Store to Open in Cyfair Town Center in Cypress, TX

Pinch A Penny, a swimming pool retail, service, and repair franchise, announced the opening of its newest store in Cypress, Texas, just outside of Houston.

Pinch A Penny Pool Patio Spa will open September 16 in the Cyfair Town Center at 1733 Spring Cypress Rd. Suite C, Cypress, TX, 77429. The new store will be open seven days a week with operating hours from 9:00 a.m. to 6:00 p.m. Monday-Friday, 10:00 a.m. to 5:00 p.m. Saturday, and 10:00 a.m. to 2:00 p.m. on Sunday.

 

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Pinch A Penny Store Reopens Under New Ownership in Wellington, FL

Pinch A Penny announced new ownership for its store in Wellington, Florida, just outside of West Palm Beach.

Josie Flete and Genaro Melendez, a married couple from the Wellington area, reopened Pinch A Penny Pool Patio Spa on August 8 at 11924 Forest Hill Blvd., Wellington, Florida, 33414. The store is open seven days a week with operating hours from 9:00 a.m. to 6:00 p.m. Monday-Friday, 9:00 a.m. to 5:00 p.m. Saturday, and 10:00 a.m. to 2:00 p.m. on Sunday. The Wellington store is the 13th location in the West Palm Beach area and the 233rd in Florida.

 

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Pinch A Penny Announces New Store Location in Clear Lake City, Texas

Pinch A Penny, the nation’s largest swimming pool retail and backyard services franchise, is starting development on a new 3,000 square-foot storefront location in Clear Lake City. The target opening date is set for the beginning of next year.

Pinch A Penny Clear Lake will be located at 2429 Bay Area Boulevard in the University Plaza Shopping Center. The new store is a turnkey franchise that will be prebuilt, stocked, and ready for a new franchisee to open the doors. Pinch A Penny is currently searching for a qualified leader in the area to own and operate the new store.

 

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Pinch A Penny Opens New Store in North Dallas

Pinch A Penny Pool Patio Spa will open on September 1 at 4727 Frankford Road Suite 317, Dallas, TX, 75287. The business will operate seven days a week with the initial operating hours being Monday-Friday, 9:00 a.m. to 6:00 p.m.; Saturday, 9:00 a.m. to 6:00 p.m.; and Sunday, 12:00 p.m. to 4:00 p.m.

Pinch A Penny provides customers a one-stop-shop for all their pool and spa supply needs with one of the most complete lines of pool chemicals, equipment, as well as maintenance parts, and accessories available anywhere.

 

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Couple jumping in pool.

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