Due diligence calls for serious attention to concept economics, leadership, product offering and the franchise disclosure document.

The relationship between the franchisor and franchisees within a system is greater than any normal business relationship you would have with a supplier or a business account. The franchisor-franchisee relationship is much like a marriage. 

Certainly, validation and multi-unit ownership are strong indicators that positively memorable experiences exist within your franchise system. 

Negotiating can be complex, challenging and demands careful thought and patience.

Consider these steps to address your record retention concerns. Employers are required to maintain numerous employee records to comply with federal, state, and local laws. Proper recordkeeping practices can also help to administer human resources policies and practices with greater efficiency.

Strategic alliances may be worth the investment to increase brand coverage in today’s competitive environment.

These seven evidence-based principles, if properly understood and implemented, will definitely create a positive foundation for creating healthier, more productive franchise relations.

An understanding of these “sins” will allow franchisors to spot them as they arise.

Careful pre-planning reaps numerous benefits.

The keys to great franchisee engagement are clear — address their questions, provide ample opportunity for significant peertopeer discussions, as well as access to system management.