When franchisors strategize their system growth, the major focus is placed on the amount and quality of their franchisee leads.
As a business owner, you’re making hundreds of decisions daily. You have tough choices to make that can affect the company positively or negatively.
The most immediate consideration is usually how much is the franchise fee and other ongoing payments like royalty and advertising fees.
After owning 4 successful businesses, in different business sectors, there are two common attributes my good hires have shared; Curiosity and Tenacity.
Being an entrepreneur is like wandering a forest with no path. Making twists and turns and choosing a direction based on the information you’ve gathered.
The excitement and thrill of building a successful business from the ground up is difficult to top. 96% of businesses fail within the first 10 years.
In the franchise industry, franchisors can view comparisons and relationships between consumer satisfaction for the products or services a franchise offers.
By placing so much attention on the location franchisors can overlook the importance of the market the location is serving. Use Franchise Intelligence.
If in 2017 your marketing strategy does not have video content, your business’ growth plan will struggle to reach its ultimate goals.
These traits lead to low franchisee turnover, an attractive investment opportunity, outlet growth and brand recognition and consumer satisfaction.