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11 Must-Read Books for Franchise Business Owners

By Scott Suryan

Learning is a lifelong pursuit! And as a business owner, or potential business owner, it's important to keep learning and improving. Reading is a great way to keep up with the latest innovations and master business ownership. Let's take a look at the top 10 books that are worth adding to your reading list.

1. The Franchise MBA

"The Franchise MBA" is a great book to help entrepreneurs who want to take advantage of franchise ownership. There aren't many books for those who are just beginning the process. But this book will walk you through each step of the way, from selecting the right franchisor to signing your franchise agreement.

Nick Neonakis outlines 4 main steps as you prepare for opening a franchise: The Introspective Self, The Franchisor, The Franchisee, and The Legal and Financial. The book is written in an easy, conversational tone and covers everything you need to know about the entire franchise process.

2. Franchise Bible

Nobody enjoys completing legal forms and mountains of paperwork. However, if you're a franchise owner, it's part of the territory. And you will need to review several legal documents on your way to starting a business.

If you find yourself struggling with the paperwork, attorney Michael J. Katz and franchise expert Rick Grossman have you covered. They'll teach you how to master documents, organize like a pro, and launch a successful business, and be successful.

"The Franchise Bible" includes helpful sample franchise documents, checklists, and tips. It also covers key information that all franchise owners will benefit from — straight from the mouths of renowned experts. This book won't disappoint.

3. Millennial Millionaire

The millennial generation is typically misunderstood, but as a franchise owner, you may find yourself recruiting these individuals a lot. "Millennial Millionaire" will help business owners understand the beliefs, lifestyle, and priorities of this generation, who can make great employees.

The book also dives into solid financial strategies that are beneficial for any individuals age. Learn how to create a financial plan, save for retirement, and more.

4. Best of the Best

Do you dream of having the best sales numbers? Or being the top performer as a business owner? Well, "Best of the Best" is calling your name.

Each franchise system has its own unique challenges, but this book can help all leaders improve. Ron Pagliarulo is a great leader who has a passion for combining sales and human interaction. He will excitedly show you the secrets to being the best business owner possible.

5. Brick & Mortar Franchise Success

Carolyn Miller is a veteran of 2 major expansion efforts in the fast-food industry. She shares valuable insight in "Brick & Mortar Franchise Success." It's a must-read for anyone whose business is located in a brick-and-mortar space. She's all about helping franchisees open physical businesses from scratch without making any expensive mistakes.

"Brick & Mortar Franchise Success" shares ways to save money and time before, during, and after you build a new business location. Owners will benefit from this read as they move through selecting a site, assembling their construction team, and launching the pre-opening.

6. Mastering the Rockefeller Habits 2.0

It's been over a decade since the original best-selling book "Mastering the Rockefeller Habits" was first released. "Mastering the Rockefeller Habits 2.0" is the first major revision of this classic business book written by Verne Harnish. It's written for everyone, whether you're a front-line employee or business owner.

This book focuses on engaging everyone in the growth and success of a company through practical techniques and ideas. From scaling $10 million to $1 billion and beyond, enjoy the never-ending climb to success with this knowledgeable read.

7. The Educated Franchisee

"The Educated Franchisee" will teach you how to select the perfect franchise and how to make it profitable. Rick Bisio writes clear, concise, words and provides a wealth of practical advice.

This book helps new owners manage their expectations as they step into the franchise opportunity. It will be useful whether you're in the beginning stages of owning a franchise or struggling to make more money.

8. Franchising Demystified

If you're searching for a deeper understanding of the franchisee-franchisor relationship, you'll find it in "Franchising Demystified." It was written by franchise management consultant Wayne Maillet, who has 25 years of knowledge. Maillet worked in corporate offices of franchisors and understands the best ways to maximize and grow profitable businesses.

Whether you already own a franchise or are contemplating owning one, this book is definitely a worthy read. Maillet uses real examples to relay his lessons, thoughts, and information to cut straight to the chase.

9. Smarter, Faster, Better

A New York Times Bestseller, "Smarter, Faster, Better" by Charles Duhigg explains why certain people and companies get so much done. It outlines 8 key concepts ranging from goal setting to helpful mental tricks to decision making.

The book draws on the latest findings of psychology, behavioral economics, and neuroscience. It also includes experiences of CEOs, generals, FBI agents, pilots, songwriters, and more. This combined information helps entrepreneurs discover the keys to being productive.

Charles Duhigg nails incredible lessons to help anyone (especially business owners) succeed with much less stress. Grab this book if you're struggling with focus, motivation, or the ability to get things done. "Smarter, Faster, Better" will help you create a healthier mindset, and ultimately help you become a more successful business owner.

10. Built to Sell

One common mistake that entrepreneurs make is that they build a business that relies too heavily on themselves. So what happens when you want to sell your business? You also need to learn to rely on the talents of others to step in one day.

"Built to Sell" shows business owners how to focus on products and services while avoiding price wars with competitors. It's an enjoyable read that teaches owners successful ways to set up their business with the intent to one day sell. Any business owner will thoroughly benefit from this book!

11. How to Buy a Franchise: Employee to Entrepreneur in 12 Weeks

This book by Patrick Findaro is a comprehensive guide that navigates readers through the process of transitioning from being an employee to becoming a successful entrepreneur through franchise ownership. Findaro, a seasoned franchise expert, offers a systematic 12-week program designed to equip readers with the knowledge and skills needed to make informed decisions about franchise opportunities. His approach emphasizes practical strategies, actionable steps, and real-world examples, providing a roadmap for aspiring entrepreneurs to navigate the complexities of franchise ownership. Check out https://www.vettedbiz.com to learn more about Patrick's research of the senior care industry.

If you are considering becoming a small business owner through franchising, our team would be more than happy to chat with you! We can discuss the process of franchise ownership from royalty fees and franchise costs to business model and operations. For more information, get in touch today.

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Tags: Franchise Ownership, Business Development, Personal Growth