From Finance to Franchise: The Unvarnished Truths I Discovered Running My Family's Business
With an MBA in finance under my belt, I thought I was well-equipped to handle the financial aspects of my family's franchise. However, nothing could have prepared me for the complexities and challenges of small-business money management. As I navigated the uncharted territory of franchise finance, I learned some hard truths about cash flow management, financial planning, and the importance of adaptability in business. From managing expenses and revenue to making informed decisions about investments and growth, I quickly discovered that theoretical knowledge can only take you so far. By embracing these harsh realities and staying up-to-date with the latest trends in business finance, including financial analytics and digital accounting, I was able to develop a more nuanced understanding of what it takes to succeed in the world of small business. With this newfound knowledge, I'm better equipped to tackle the unique challenges of franchise ownership and drive my family's business forward.
