How to run a family franchise?

Once into franchise you should learn to navigate between the complexities of love, money, relationships and contracts if it is a family franchise. For example the Chemels who run a franchise for iSold, maintain the spice in their marriage and business with their lovingly unconventional dialogue exchanges while at work and it works. Richard Chemel’s friendly banter with his equally sarcastic wife and business partner Helene draw the customers to laid back family atmosphere in the store. As a result they forced to stop by regularly to say hi or to snatch a cookie affectionately brought by Helene’s father. The business is booming for the Chemels with a customer return rate of more than 50%. The 2007 gross sales is projected to hit at least $500,000. According to James Olan Hutcheson, the President and founder of Regeneration Partners, a Dallas-based consulting group is devoted exclusively to working with family-owned and family-managed companies. More than 75 percent of all firms in the U.S. are family-owned and family-controlled. But there is also a growing recognition of the complexity behind running a family business. In family franchises challenges are a part of life, but you have to work out solutions to them only not to survive but also to see that the business flourishes. Running a franchise with family members can be great. In such a case the stress that the business creates easily flows down to the members lessening its intensity and it is always easier to solve problems with your loved ones around and ready to help.