Posts from December, 2017

Dec 29, 2017 What’s Your Plan to Improve Unit-Level Economics for Your Franchisees? Is your system monitoring your franchisees performance? The best way to answer this question is by looking to unit-level economics, or the performance of individual locations within your system. It’s easy for franchisors to neglect unit-level performance, since their royalty ... Continue Reading
Dec 22, 2017 7 Essential Aspects of a Franchise Training System for Emerging Franchisors The core of a successful franchise network is a strong training program. The more thorough and effective your training, the better you’re able to set your franchisees up for success. A training program must provide franchisees all the information they need to help their ... Continue Reading
Dec 18, 2017 5 Expert Tips on Creating a Brand Standards Manual One of the most attractive aspects of franchising is that business owners get to work within a proven brand and business model, which eases the pressures of entrepreneurship. One resource that makes this possible is the brand standards manual. The brand standards manual ... Continue Reading
Dec 11, 2017 What Emerging Franchisors Need to Know About Multi-Unit Franchising Before Starting In recent years, especially since the Great Recession, more franchise brands have focused on expanding through multi-unit franchising . Selling more than one unit to a single franchisee is appealing for many reasons, including faster growth with fewer franchisees. Multi-unit ... Continue Reading
Dec 05, 2017 Where to Start Building Your Franchise Infrastructure The backbone of emerging and established franchises alike is infrastructure. Franchise infrastructure is the services extending from the franchisor to franchisees. A healthy infrastructure system benefits both parties. The franchisee operates efficiently thanks to a strong ... Continue Reading