How Important Is Personal Development for Franchisees?

Tuesday, September 19, 2017

Personal development is a lifelong process and for many franchisees, it is the key to their success. Regularly assessing your qualities and skills helps you set concise goals and maximize your potential. It is important to recognize there is always room for improvement, as that will not only assist you on a personal level, it will also help you in your franchise.

What’s Personal Development?

Personal development is the quest for personal growth by intensifying self-awareness and improving personal skills. All these factors affect your life one way or another. The way you handle yourself in life will have an impact on your managerial style, your business organization, and more.

For franchisees, working on their personal development provides a path to improvement, which is always needed in the fast-paced world of franchising. At Hungry Howie’s, we encourage our franchisees to work on their personal development as well as the development of their team members.

Benefits of Personal Development for Franchisees

Franchisees that choose to work on their personal growth see tremendous benefits, not only in their own lives but also in their businesses. Once you manage to improve your skills and qualities, those advances reflect on your team and grow your business in the long run.

1.      Self-Awareness and Direction

One of the biggest points about personal development is self-awareness. With self-awareness, you are clearer on the things you want to achieve in life, including where you want to go with your franchise. Having a sense of direction helps you streamline your processes, and work better towards the objectives that will help you to complete your next goal.

2.      Effectiveness

As your direction improves, prioritization becomes much easier. You have a better sense of your goals and can quickly identify which task can give you better results. Improved effectiveness comes with playing to your strengths. Having this knowledge through personal development will help you and your team achieve bigger goals faster and better.

3.      Motivation

When you see improvement in different areas of your life because of personal development, you stay motivated. Having a clearer direction boosts your motivation to take action. You now have the will power to achieve anything that you imagine.

4.      Resilience

Personal development also helps you through the rough times. Knowing what you are capable of and how to handle stressful situations is key in successfully recovering from a rocky path. Through personal development, you can work on the skills needed to give yourself guidance and cope with any eventuality.

5.      Management

As you work on your personal development, include your managerial team in the process. Your journey will reflect in them as your management style changes. Let them know you are working on certain skills and include them in particular tasks or educational sessions so they can work on theirs as well. As you work on your team’s personal development together, the benefits from it will multiply, and eventually, you will have a better-rounded team assisting you in your franchise.

At Hungry Howie’s, we strive to work on personal development at every level. We encourage our franchisees to attend as many seminars as possible and listen to experts’ speaking sessions. Ongoing education and personal development are the keys to a successful life and business.