Franchise

Here Is Why Grit Is So Important For Entrepreneurs

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 …

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How to properly deal with a consumer customer service complaint

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 …

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Debunking 4 Commonly Believed Myths About Healthcare for Small Businesses

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 …

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How to properly asses the health of your subcontractor

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 …

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Tips for accounting Cost of Goods and Labor Into A Sale

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 …

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McDonald’s not Leadership Worried About Franchisee Relationship

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 …

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6 keys to owning your own franchise and being successful. Here are some keys for franchise success!

1. Make sure you have enough money. * Determine how much you have to invest, how much you’re willing to risk and how much you will need to live on for at least 12 months. * Make sure you understand the initial investment required. * Make a careful and rational decision about buying the franchise. …

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Multi-Unit Franchisee Insight – Hiring, Firing, and Handling Problem Employees

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, …

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