During the financial crisis, Jonah
Engler, a serial entrepreneur decided to try other sources of income.
He recognized the right opportunity in cellular franchising and
decided to go for it.
In 2008, Jonah started with just one
Wireless Zone store, and today; he is the proud owner of 10 stores
throughout New York, New Jersey, and Connecticut.
Here are three takeaway points to learn
from Jonah’s success story, about owning a cellular franchise-
1. You need the right skillset – In
order to manage a franchise, you need to have many different skills
like; management, effective communications, and marketing. Mr. Engler
is a visionary who has the perfect balance of all these skills.
2. Sufficient funds – To start and
run a franchise, you need sufficient funds. If you don’t have
enough funds to maintain your business, you will not last long in the
current competitive market.
3. Complete legal knowledge– You
cannot own a franchise without completing the legal procedure.
Therefore you need to obtain the
Uniform Franchise Offering Circular (UFOC). You also need to complete
all regulatory requirements on state and national level.http://goo.gl/VDqvhy
