Two common mistakes that franchisors make when reaching franchisee agreements are qualifying candidates that are under-capitalized and under-experienced. Evaluate your decision following five key steps to avoid making the wrong choice.

Put yourself in the best financial position possible, so you’re ready to hit the ground running.

Lasting franchise success requires an understanding of behavioral sciences.

Any growing brand will face a time when it lacks the resources to run processes with consistency, so lay the technology rails down early.



 

Competition for talent is heating up as jobless rates fall and more businesses vie for potential candidates. 

The day may come when a franchisor is judged by the profitability and satisfaction of its franchisees, and not by the number of units. It will be more difficult to measure, but more gratifying for all concerned. Perhaps that day is here.

In the business world, the new year is a time for setting new budgets and objectives. It is also a time to review and update your current operations.

The best training programs go beyond how-tos and tactical execution. They empower franchisees and employees to take ownership of their roles and work as an extension of the brand.

An executive from a major franchise brand details how the company put in place practices to react to NLRB’s expanded definition of joint employer.

No organization, regardless of its size or industry sector, is safe from a malicious cyber attack.