Job Title: Owner Of Small Business Franchise
Type of Company: I own a franchise of a women-only fitness facility.
Education: BA, English and Journalism, University of Michigan •• MA, Education, University of Michigan
Previous Experience: I was a high school teacher for 13 years, taught in a private college for 8 years, and then moved to public relations and marketing communications. After a lay-off, I bought a fitness franchise.
Job Tasks: As a franchise owner, I am responsible for every aspect of the business. I do have a CPA who helps with bookkeeping, payroll, and taxes, but the rest of the business operation is up to me. I did everything to help get the rental space ready and open for business, from buying furniture and equipment to painting the walls. I hire and train employees. I work at the business every day.
I open the fitness center at 7:30 a.m. most days, and I am there until it closes at 7:30 p.m. In between, I sell memberships, train and coach members, do marketing, report data to the franchisor, attend meetings and represent my business by community involvement.
It's a lot of work, but it is very satisfying to be your own boss and to know that your success is due to your own hard work. Being self-employed is challenging and rewarding!
Best and Worst Parts of the Job: The best part of my work is knowing that I will succeed or fail thanks to my own efforts!
The worst part is knowing that you will fail if you don't do the work that has to be done! You are responsible for your own business and you can't blame anyone else for the good things or the bad things.
1.) This job demands that you do have great organizational skills and good judgment.
2.) Get some other job experience before you own your own business.
3.) If you buy a franchise, do your homework on which franchises are good and which are bad.
Additional Thoughts: You must like to work with people to own a franchise because you are working with people all day and evening. You will know lots of stuff about people because they will tell you everything! For a fitness franchise, you have to practice what you preach and be fit and live a healthy lifestyle. People notice.
I would have started this job earlier in my life because it's a tough job at age 60.
The most important personal qualities are people skills, diplomacy, good communication skills, patience, and some business sense. You are making decisions every day that will affect your future, and a fitness franchise is an investment in other people as well. People depend on you for guidance, a good example, and a sympathetic ear. You need to like people and be accepting of a wide variety of personalities and characteristics, and you need to know how to deal with all sorts of issues that arise during every day. You really do need maturity to handle all of this.
Click the Visit School Site buttons to go directly to a school's website and learn more about the school and programs it has to offer. School website will open in a new tab. .
Click the Request Info buttons to request more information from a representative at the school
Study online with University of Maryland at College Park.
Abilene Christian University is a national leader in Christian higher education and a place where students, faculty, staff and alumni make a real difference in the world.
As a student at South University, Online Programs you will receive the same quality instruction, variety of learning options and level of service found at the campus locations.
Colorado State University-Global Campus
Colorado State University-Global Campus (CSU-Global) offers career relevant bachelor’s and master’s degree programs for working adults and nontraditional learners.
UNC Kenan-Flagler is one of the world's top-ranked business schools. At UNC Kenan-Flagler, you develop the skills that make you a highly effective leader and prepare you for long-term career success. The strength of the UNC Kenan-Flagler MBA degree comes from a school culture in which members live the business school's core values of excellence, leadership, teamwork, integrity and community.
Welcome to Argosy University
Argosy University offers doctoral, master's, and bachelor's degree programs to students through its eight colleges: College of Behavioral Sciences, Graduate School of Business and Management, College of Education, College of Health Sciences, College of Arts and Sciences, College of Creative Arts and Design, College of Clinical Psychology and Western State College of Law at Argosy University as well as certificate programs in many areas.
Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
Regent University prepares students with the knowledge to excel and the faith to live with purpose.
Since 1977, Keiser University has provided quality student-centered, career-focused education.
The Forbes School of Business® combines the power and flexibility of online learning with high-quality, topical Forbes content.
The inside stories from people actually working in the field.
Click a story title to show the story, and click the title again to hide it.
Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.
Most stories include:
Please also see our detailed information about Chief Executives, including: