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Caring Senior Service Franchise Blog

10 Must-Read Books for Franchise Business Owners

Posted by Saundra Hwozdek on Jul 25, 2019, 2:35:00 PM

Stack of books with one open on top

If you already own a franchise or are exploring the idea, it's likely that you're interested in learning different ideas and viewpoints for running a successful business. If you want to keep up with the latest strategies and innovations, and master the ins and outs of owning a business, reading the following books (all written and rated highly by top business leaders) will get you well on your way to prosperity.

Let's take a look at the top 10 books that are worth adding to your library.

1. The Franchise MBA

For those who have already chosen a franchise and are just starting to build their business, "The Franchise MBA" is a great book to help get you off the ground. There aren't many books for those who are just beginning the process, and this book will walk you through how to climb your way up the ladder to success. From "okay" to "good" to "great", Nick Neonakis will help you master the 4 essential steps: The Introspective Self, The Franchisor, The Franchisee, and The Legal and Financial aspects to crush each milestone along your way. 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 actually enjoys completing legal forms and mountains of paperwork. However, if you're a franchise owner, it's part of the territory. If you find yourself struggling with the paperwork side of owning a business, attorney Michael J. Katz and franchise expert Rick Grossman have you covered. They'll teach you decades of insight on how to master documents, organize like a pro, and launch/run a successful franchise.

The book includes helpful sample franchise documents, checklists, and tips. "The Franchise Bible" covers key information that all franchise owners will benefit from, straight from the mouths of renowned experts. Get ahead of your competition. 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. "Millennial Millionaire" will help business owners understand the beliefs, lifestyle, and priorities of this generation. It also dives into solid financial strategies that are very beneficial for any age.

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. Regardless of if you own multiple or single franchise locations (big or small), each franchise system has its own unique challenges. 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, a veteran of 2 major expansion efforts in the fast-food industry, shares a ton of essential and valuable insight in this book. It's a must-read for anyone who's business is located in a brick and mortar space. She's all about helping franchisees open physical locations without making any expensive mistakes.

"Brick & Mortar Franchise Success" does just this and more by finding you 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 with this knowledgeable read.

7. The Educated Franchisee

"The Educated Franchisee" will teach you how to select the perfect franchise, how to make it profitable, and keys to maintaining its long-term success. Rick Bisio writes clear, concise, words and provides a wealth of practical advice. Whether you're in the beginning stages of owning a franchise or struggling to make more money, this book gives you the answers you're looking for.

8. Franchising Demystified

If you're searching for a deeper understanding of the franchisee-franchisor relationship, you'll find it in "Franchising Demystified." Written by franchise management consultant Wayne Maillet, this book puts his 25 years of knowledge into every page of this book. Whether you already own a franchise or are contemplating owning one, it's definitely a worthy read. He's worked in corporate offices of franchisors and understands the best ways to maximize and grow profitable businesses. Another reason this book is excellent, 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" provides 8 key concepts ranging from goal setting to helpful mental tricks to decision making. It explains why certain people and companies get so much done. The book draws on the latest findings of psychology, behavioral economics, and neuroscience, plus experiences of CEOs, generals, FBI agents, pilots, songwriters, and more to explain what they all have in common when it comes to being productive.

Charles Duhigg nails incredible lessons to help anyone (especially business owners) succeed with much less stress. Let's face it, there may be days, weeks, or months when you feel completely overwhelmed. Grab this book if you're struggling with focus, motivation, or the ability to get things done. "Smarter, Faster, Better" will help take a weight off of your shoulders, 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 and also generating consistent revenue. It's an enjoyable read that helps show owners successful ways to set up their business with the intent to one day sell. Any business owner will thoroughly benefit from this book!

These books are creating quite a buzz in the franchise world. If you're tired of your corporate job and seeking a change, consider owning your own franchise! The benefits include greater flexibility and unlimited earning potential just to name a few. At Caring Senior Services, we want to help you succeed. We offer a well-developed business model with mentoring every step of the way. For more information, contact us today!

Franchise vs Startup Promotion

Topics: Franchise Ownership, Business Development

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