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Franchise-Info Authors

3 Surprisingly Simple & Easy Things Savvy Marketers Do Daily to Develop Business on LinkedIn
One- They keep in touch. Linkedin Notifies them daily on updates of their 1st connections. Here's what Linkedin tells them. Who has a birthday today. Who has a New Job Who has been mentioned in the news. Who has a…
in Marketing
What Every Franchise Needs to Know about the New McDonald's Lawsuit
A workers' group has recently filed charges against McDonald's, alleging that various McDonald's locations in New York City terminated employees due to their union involvement and organizing activities. Bloomberg reports that nine employees were allegedly terminated between November 2012 and…
in News
2 Very Surprising Ways to Get Your Franchise Expo Leads to Buy Your Franchise
The 2014 International Franchise Expo - IFE- is over. You walked away with a bunch of leads from people interested in your franchise offering. Terrific! What's not so terrific is you haven't enough of those interested franchisees to the top…
in Marketing
How To Nurture Your Customers - More than Top of Mind
Many customers need education or training before you can sell them your product or service. And, they need to see themselves using your product or service before you can sell to them. The education or training of your customers…
in Marketing
Are You Being Shopped by Your Competitor?
That is a question we should all be asking. Then we should decide if the answer matters to us or our business. If you are Erbert and Gerbert's Sandwich Shops and a Subway franchisee is going to several of your…
in Marketing
6 Tips for Franchise Owners on Social Network Marketing
While I'm a complete believer in franchise-wide social media systems, you simply may find that you buy into a franchise without something in place. That means it's left to you. So, what are you going to do about it? Well,…
in Marketing
Is this One Phrase Killing your Communication?
My mother lived with me in her last years. We enjoyed her sense of humor. Here's part of that - that made me realize how useless the phrase, "Hi How are you?" is. The house phone rang. Esther answered. The…
in Operations
Hundreds now Franchise who thought they Never Could
Think you're ready to start franchising your business? Not so fast. Franchising is a lucrative business model, and it can be an excellent way to expand your brand. But before you embark on the franchising journey, you need to make…
in News
Do You Recognize these 8 Warnings Signs of Franchise Failure?
In the franchise finance world, the most discussed number is the EBITDA--EBBADABADOO as some call it. EBITDA is earnings before interest, taxes, depreciation and amortization. It is really a sub-total to the income statement. It is earnings without any charges…
in Operations
Who Makes the Best Franchise Operators?
Since the late 1970s franchising professionals have debated whether or not franchisees are entrepreneurs. The debate still goes on; some claim franchisees are just employees who buy themselves a job, while others claim franchisees are just entrepreneurs who choose to…
in Operations
What Fees Should You Disclose to Your Franchise Buyers?
As an attorney who represents franchisors, a significant part of my practice is drafting franchise agreements and franchise disclosure documents. Once these documents are completed, I also help franchisors comply with state laws by filing and maintaining their registrations in…
in Legal
The Pros and Cons of Multi-Unit Franchising
Brands are increasingly realizing the value of multi-unit franchising, and the practice is on the on the rise. Economically, the practice makes sense. During the recession, multi-unit franchisees fared much better than single-unit franchisees in part because these multi-unit franchisees…
in Operations
A Franchise Giant & Legend - Greg Tanner
International Franchise Expo - IFE 2014 just finished up. What a great franchising event in New York with over 400 hundred franchisors looking to recruit new franchisees domestically and internationally. This year's expo had something extra and worthwhile. Tom Portesy,…
in News
Outsourcing Payroll
I have been fortunate to meet with over 3,000 businesses over the last ten years - from start-up restaurants with big dreams, to mature chains facing tough decisions. No matter what stage a company is in, payroll is constant; it…
in Operations
How to Do Site Selection Using Advance Mapping Techniques
Have you ever wondered just what goes into figuring out where to locate a restaurant? Certainly there are hungry people everywhere, so why is one site better than another? That question is one that Dave O'Brien, real estate manager at…
in Operations
Franchise Sellers Need an Earnings Claim? Get the TheStreet.com to Make it for You
Laurie Kulikowski the Retail & Small Business Reporter for Jim Cramer's TheStreet.com wrote this article entitled - "Looking for an Investment? Here Are 9 of the Best Franchises in America" Laurie is an actual financial reporter with financial news writing…
in Marketing
Do You Need to Pay For Attention?
A recent story about small business marketing had an interesting twist. "Phones start ringing at the Farmington Hills, Michigan, salon each time co-owner Miranda Jade Plater posts pictures on photo-sharing app Instagram. Would-be customers call to book appointments or ask…
in Marketing
The Easier Way to Deal with Online Criticism
Due to convenience, the opportunity to receive a direct response and the potential to kick up a fuss when not treated as they expect, customers are turning to social media for customer service and other product and service-related support rather…
in Operations
Why Franchisors are at Risk & What They need to Do About It
Restaurant operators who think they are vigilant about the security of their customers' credit cards may want to do some double-checking in the wake of P.F. Chang's China Bistro Inc.'s reported data breach." If there is one issue which causes…
in Legal
How Many Retail Employees Would Steal From You?
Coca-Cola commissioned a study of retail employees about 10 years ago. One of the key findings: given the opportunity to steal from the retail outlet, 7 of 10 said they would do so. Frightening news for most. For example,…
in David Daniels - Thoughts on Franchising

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Recent Comments

Lizette,

First I applaud you on your position that not all franchisees are alike. That is a huge misconception that I have seen during my 40 year career in franchising. A lot of people have tried to come up with a "one-size-fits-all" solution and that just cannot happen as it runs counter to human behavior, learning styles and business model execution.

As the founder of The Franchise Navigator and after performing over 40,000 assessments of existing and potential franchise/business owners and employees at various levels, we have been able to scientifically demonstrate there are certain predictable characteristics common amongst different sub sets of franchise operators.

Highly entrepreneurial people do not do well in any type of "rule-based" environment because, quite frankly, they want to make the rules and not follow them. In the Navigator system that is referred to as the Accomplisher and anyone who scores in the upper 90% (0-100%) is going to cause more problems than benefits. Their drive and expectations are just too high to become part of a franchise. The exception, of course, is the "Empire-builder" that is building a portfolio of brands but they also do not tend to be responsible for day-to-day operations. They will hire a business manager to do that.

Your graph addresses Safety and Security. Of the four Navigator profiles that is the Associator. The sense of belonging and being a part of a system is more of a driving force to their behavior than success or income. However, too high of Associator scores tends to indicate a very needy person as their needs become almost obsessive and codependent on the franchisor.

All this being said the biggest gap that results within franchising is the absolute focus on operational, procedural and tactical training. That is such an incredible mistake. Many franchise companies fail to realize they are bringing into their system the "whole" person and not just their money and desire to be successful. What is lacking is behavioral coaching based on the profile of the individual. Everyone learns differently and is "wired" differently. They need how to balance professional and personal lifestyles in order to be successful. As one CEO said to me last week, "A happy franchisee is more productive and successful."

Well, how do you make them a happier person? Not by forcing tactical, procedural and operational support but by coaching them based on their behavioral weaknesses and ensuring they are growing and evolving as a person.

I believe that franchising is no longer about how good your product or service is. In today's economic climate that is "table-stakes." It is now about how strong the people are, in your distribution system, that are delivering the products and services to the end-user.

Lon -

Too many franchisors rely only on what the POS systems spits out in terms of unit level performance.

A few very good franchisors get their franchise owners to report full P&L information. And the franchisees send in their numbers gladly because the franchisor provides them with valuable KPIs.

A generically sound reminder to keep an eye on your operation. No two companies, or for that matter, no two franchisee operations are exactly alike. What are reliable & consistent sources for franchise owners to get the comparative benchmark information our experts suggest?

Michael: according to WORC*, "...in a separate analysis of data, involving an additional franchise organization, that nearly $20,000 of increased sales could be expected of franchisees for each one-point increase in their overall Profile scores. High and low scorers varied by more than 10 points, so the impact of having a high score in this organization was potentially in the hundreds of thousands of dollars "

Another recent study by WORC found that "there was a $15,675 increase in annual sales for every single-point increase on another dimension."

* Waterloo Organizational Research and Consulting (WORC) Group at the University of Waterloo in Ontario, Canada. The WORC Group has served clients in Canada and the United States for more than 20 years. The supervising faculty for the WORC Group are recognized worldwide as experts in research and statistical methods, leadership, motivation, negotiation, and employee engagement.

AppleCare and Schwab from personal experience do a great job of following Nancy's outline.

However they are in the minority of businesses who handle calls well.

It just seems to me that when it's clear that your company really goofed up, say so and fix the problem.