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 ...
read moreRetaining 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 ...
read moreIncrease sales by spending on brand awareness in marketing “What’s the ROI of an impression?” No matter if they’re seasoned marketers or bootstrapped founders, this is a question I hear from clients all the time. It comes up a lot. Listen, I get it. I’ve asked myself the same thing. Why are we advertising, if not ...
read moreIt is for Transblue, and here’s how franchise satisfaction is done. Help You Develop Your Business Transblue provides regular access to useful and relevant business information that will help you grow your business and stay in control of your financial position. Using a benchmarking program that shares results on agreed key performance indicators is a ...
read moreFranchisee 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 ...
read moreThe 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 ...
read moreSubway 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 ...
read moreWhat is a Contractor? Understanding the role of general contractors and subcontractors in making these projects happen can help you better optimize the results of your own construction management franchise business. Especially for us here at TransBlue, who uses work from general contractors.First, let’s look at what it means to be a general contractor or ...
read moreBut, 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 ...
read moreTop Mistakes when Owning Franchise If you’re looking to become a business owner, buying a franchise might be your ticket to self-employment. Rather than coming up with a unique business idea and mapping it out, by buying a franchise, you’re simply piggybacking on the success of an already established brand. It’s a great way to ...
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