The Power of First Impressions
The good news is this common problem can be remedied with a simple system that uses the power of first impressions to retain those great employees.
Are You Getting The Most Out Of Your Royalties?
The reason that’s a surprise is that everybody pays the same in franchise fees, royalties, and advertising expenses, but the franchisees who actively participate simply get more for their money.
Evaluate a Franchise as if You’re Planning to Sell in Five Years
In addition to the questions and items that should be a part of any franchise evaluation process the five years selling approach will place more emphasis on the following areas.
Franchising: A Restaurant’s Fixed and Variable Expenses
Restaurants are faced with two types of costs – fixed and variable costs. It’s important know how each behaves. By honing in on the cost structure of your restaurant, you may start to identify patterns and trends that will affect your profitability.
All Franchise Systems Go Through 5 Predictable Stages Of Growth
All franchise systems go through five predictable stages of growth. Growing from one stage to another creates equally predictable changes, crises and challenges.
Social Media Trends and Tools for Growing Franchise Systems
What is the next big thing in the social media world? Here are two simple ideas to start creating cost effective short-form video or audio clips to grab the attention of your audience.
Proposed Changes to Federal Overtime Laws: Are You Prepared?
Given the high likelihood that new regulations will take effect within the next few months, employers should take immediate action to assess the potential impact that the changes may have on their operations.
Understanding the Structure of Franchise Fees
There are a number of fees associated with franchising, as a Franchisor you should understand how each impact your business model and ability to support your growth through franchising.
In today’s tight money market, the wisdom of putting the GREATER burden for development on the company, with its greater financial resources, becomes clear. Growth is essential to ALL of us, if we are to achieve the ever-increasing impact we need.