The benefits of a franchisor partnering with an approved strategic real estate company are far greater than the risk and harm of referring a new franchisee to a third party national real estate firm or a local commercial agent.
The process of running an effective business is built on a foundation of good communication. Yet good communication eludes us. It seems that the fundamentals of how we communicate are broken. Take a moment to consider how things would be different if everyone in your organization were on the same page, communicating effectively, and working together.
Franchisor annual meetings, more often, are being pitched as “the ‘blockbuster’ meeting of the year” by many franchisors and, depending on the key goals of the meeting, that may be the right emphasis. That is, provided the franchisor’s and franchisees’ needs are being met.
Properly designed systems and processes can help ensure compliance and provide guidance for navigating problematic compliance issues that frequently arise.
Franchisors should pay close attention to their franchisees’ maturation. Data shows more than half currently have average tenures of about seven years and may be facing mid-life crises. In lifecycle terms, business years are like animal years, where one year is equivalent to several human years.
New rules create a multitude of workplace and compliance challenges. The U.S. Labor Department, together with the White House, announced long-awaited and much anticipated final changes to the Fair Labor Standards Act’s overtime rules
Millennials are your future franchisees and they want to invest in brands that give back.
Fulfill your role as a leader: take responsibility, always show up, and seek wise counsel to speed up the growth of your business.
In the world of websites and SEO, the franchise brand’s website is important, but you also need a plan to build that online presence for each location.
The art of selling franchises is nothing new, but it is ever-changing. Things simply are no longer done the “old way” and in order to continually see success, you will need to adapt.