Francishing has been expanding past the common fast food chain for years now. Franchises have been started in just about any business sector that has a replicable business model, especially when it comes to the service business. The future of franchising may well include leveraging the network to address a mounting number of pressing social …
Integrating Social Impact into a Franchise Brand Read More »
Digital transformation (DT) projects often fail – we know that – but there are steps companies and their partners can take to maximize the likelihood of success. In today’s franchising world innovation and digital transformation can be a huge factor for franchise success. In a recent conversation with Rohit Kapoor, the Vice Chairman and CEO …
How to apply Digital Transformation to your Franchise in 5 steps Read More »
University of Pennsylvania psychologist Angela Duckworth defined grit as a “perseverance and passion for long-term goals. There are several definitions of grit. For me, it is a growth mindset, a resilience that makes a person determined to bounce back from failures and setbacks. I talked about the growth mindset in my TEDx talk. Most of …
Here Is Why Grit Is So Important For Entrepreneurs Read More »
Customer satisfaction is always our top priority. We work closely with clients to design their project, plan for it’s execution and complete it on schedule. But construction can be tricky and unforeseen circumstances may occur. Typically, as you keep up communications with the client and they are involved as a virtual team member, these bumps …
How to properly deal with a consumer customer service complaint Read More »
Making healthcare available to your small business employees can be a daunting prospect. Procuring employee benefits can be costly and confusing to a non-expert in the field. However, it is essential to separate fact from fiction when considering providing your small business employees with the valuable gift of healthcare. Please see below four debunked commonly …
Debunking 4 Commonly Believed Myths About Healthcare for Small Businesses Read More »
In the construction business, it’s hard to get comfortable wearing a single hat because inevitably, things happen and you’ll be asked to provide advice on an item that isn’t in your area of expertise . Because these requests can cover a huge swath of potential topics, wise construction leaders surround themselves with a group of …
How to properly asses the health of your subcontractor Read More »
As a franchisee, David Ostrowe operates multiple locations for Burger King, Taco Bell, and Blaze Pizza. His organization operates three franchise companies: Blazing Partners, 180 Business Solutions, and O&M Restaurant Group. However he worked on the corporate side of franchising for Church’s and Taco Bell for years. One of the business skills Ostrowe has developed …
Tips for accounting Cost of Goods and Labor Into A Sale Read More »
On a recent earnings call, McDonald’s CEO Steven Easterbrook said he was unconcerned over pushback from many newly unified franchisees within the restaurant chain’s system. Last October, a group of franchisees within the McDonald’s network banded together to form what they’ve dubbed the National Owner’s Association (NOA) to speak with a single voice to the …
McDonald’s not Leadership Worried About Franchisee Relationship Read More »
We talk to successful multi-unit operators constantly here at Franchise Update Media. These busy on-the-go people share great insight and wisdom with us through our profile stories in Multi-Unit Franchisee magazine. Here, from our archives, are some insightful responses from some of these franchisees. How do you hire and fire?I always look to hire good, …
Multi-Unit Franchisee Insight – Hiring, Firing, and Handling Problem Employees Read More »
Through my own business journey to date in building up my core business and brand and then launching headfirst into the world of franchising, I have always been a firm believer in collaboration and working as a team. Running and leading a business can be lonely and isolating at times and quite simply it helps …