Prospective franchisees dive deep into your FDD before buying. It’s time franchisors follow that due diligence example by reviewing agency’s marketing disclosure documents when exploring new or reviewing current relationships.
Any franchise operator looking for credit needs to make sure he is getting the right deal, not just the “best” deal.
A franchise is only as strong as the support behind it and change is much easier when everyone involved is working together toward a common goal — to build a better franchise.
2015 was marked with legal developments that will fundamentally impact employment and franchise relationships. Five of the more significant labor and employment issues to watch in the coming year include joint employment, worker classification, wages and overtime pay, paid sick leave and background checks.
When building a training platform, separate what specific information must be conveyed to new franchisees immediately, and what new franchisees should learn over time. Dividing these components will allow franchisees to better retain information and more effectively execute roles and responsibilities.
A multigenerational franchise partnership offers the opportunity to create a lasting legacy within a family and pass the business down for generations to come.
In an increasingly competitive industry, franchises need to manage their online reputations to sustain meaningful connections with their clients.
The ability to create one’s own narrative and develop original messaging can be a powerful tool in marketing a business.
FRANData research helps bring order to industry data chaos. Latest report shows 377 new concepts launched in just past three quarters.
Outstanding performance with a private equity partner means great things not only for their investors but also for your franchisees, employees and customers by creating real and lasting value.