Archive: January 2019

On January 28th, 2019

Teamwork is Key on How to Make Your Franchise Successful

  Teamwork and How to Make Your Franchise Successful Through my own business journey to date in building up my core business and brand, and then launching headfirst into 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 ...

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On January 25th, 2019

Retaining Employees and Decreasing Turnover for Franchise Employees

Retaining Employees and Decreasing Turnover for Franchise Employees Fabulous product or service? – check. Replicable model? – check. Intellectual property? – check. Management structure, processes and procedures in place? – check. Mindset?………errrrr, check?? Franchise employees might be hard to retain in the market. Keep on reading to find out how! If I was packing a ...

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On January 21st, 2019

Proper Adaptation for Franchisee Planning is Critical in 2019

Franchisee planning is critical for Franchises At the close of 2018, Bloomberg reported in the article, “American Chain Restaurants Had a Tough Year and 2019 Looks Worse,” that chain restaurants in the US could face a tough year ahead. This is a continuation of a weaker 2018 with franchise restaurants seeing slower customer traffic, giants ...

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On January 18th, 2019

Understanding The Buying Decision Process

The Buying Decision Process New Year, New Career? It’s January, the start of a brand new year, and historically January is a month when franchisors are flooded with inquiries from potential recruits whose New Year resolutions include looking for a new career or challenge, seeking a change in direction or simply trying to escape a ...

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On January 17th, 2019

Subway plans to overhaul their initial Franchisee Expansion

Subway Plans Franchisee Overhaul As we hurtle towards the end of 2018, it’s time to look back and reflect on some of the big franchise stories of the year. Earlier this year, franchise giant Subway made headlines when they implemented an aggressive restructuring program, closing or consolidating hundreds of stores across the US. Subway is ...

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On January 15th, 2019

Private Equity Is Buying More Franchisees and Franchise Systems

But, there are key legal issues of private equity buying franchisees and franchise systems Attracted by the credible promise of a stable revenue stream in franchisee-paid royalties and limited capital investment, private equity investors’ interest in acquiring franchise chains has been increasing. As equity firms keep buying franchisees and franchise systems, certain legal issues might ...

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On January 11th, 2019

Top 5 Mistakes New Franchisees Make In the First Year

Some mistakes new franchisees make in the first year So. You’re the proud owner of a brand new franchise business. You did your research, explored options, investigated the legals fully, and you’re confident that the franchise you’ve chosen to invest in is the right one for you. So you’re fully behind the product or service ...

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On January 9th, 2019

Franchisee Associations Are Flexing Their Muscles

Franchisee associations are getting stronger and stronger In 2018, many large franchise brands felt heat from franchisees who’d joined together to speak with one voice. Franchise owners have shown they are increasingly interested in having a say in the management and strategies set forth by their home office masters. Franchisees are starting to create franchisee ...

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On January 8th, 2019

Growing Franchise Culture for Success

Fostering Franchise Culture Culture. Defined by the Cambridge Dictionary as “the way of life, especially the general customs and beliefs, of a particular group of people at a particular time”. A nation, region or community group will have its own culture: a set of values, beliefs, traditions and norms. Over time, that culture will change ...

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On January 7th, 2019

How Many On-Site Visits Should You Expect in Year 1?

What is the number of on-site visits for year one? One of the most advantageous elements of owning a franchise is that the franchise owners are never in it alone. Established franchisors have diverse teams of trainers, marketing professionals, and sales coaches to help guide owners to be profitable. When buying into a Transblue franchise, ...

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