Category: Blog
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Franchise Software: Self-contained vs. Tech-Stack
The franchise industry continues to see a significant shift towards technology adoption. Franchisees are now using software solutions to manage their businesses more efficiently, automate processes, and gain insights into their operations. However, one of the biggest questions facing franchise owners is whether to invest in an integrated franchise software platform or to implement a…
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5 Benefits of Single Source of Truth (SSOT) Data in Franchising
Single Source of Truth (SSOT) is critical in the franchise arena. In a world where data is generated at a staggering pace, it is not uncommon to have different departments often use the same core data sources for different objectives. And unfortunately, data silos can occur, making it difficult to reconcile different versions of the…
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10 Questions All Franchisees Should Be Asked
Coaching franchisees is not easy. They are dealing with the daily stress of being the leader and running their business, making sure they can take care of their team as well as themselves and their families. And, as there is an contractual relationship that often requires financial and other performance factors, franchise owners will sometimes…
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Franchising Your Business? Start With an Exit Strategy
Starting a Franchise business is a significant investment of time, money, and effort. As a franchisor, you will be focused on building a successful and profitable franchise network. However, it is equally important to think about the future and plan for an exit strategy from the start. Having an exit strategy is important for your…
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The Importance of Franchise Ambassadors
Franchising provides “co-entrepreneurs” the opportunity to start their own businesses with the support and guidance of an established brand. But selling franchises requires more than just a great business idea and a proven model, It also requires franchisees that are willing and able to promote and represent the franchise to potential buyers. That’s where franchise…