Category: Business Planning
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3 Reasons to Upgrade Technology
Regardless of the technology, there are always time, cost and acceptance factors to address Alignment of Infrastructure In todays market, failure to capitalize on the benefits technology offers will lead to business failure. However, alignment of the network’s technology infrastructure with the performance objective increases productivity and profitability is key to a successful implementation. failing…
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Learning Organizations = Increased Profitability
Being a “Learning Organization” is key to remaining competitive in this rapidly changing world. Consumers are wiser, and competition more fierce! “Real-time” data, trackable training software, and feed-back loops for processes and products are now necessary for sustainable growth. And in todays market, establishing a network to rapidly transfer knowledge is key to success! Breaking…
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3 Activities to Forge a Strong Franchisor-Franchisee Relationship
Franchisees work independently, but are still part of a larger organization. And, expectedly, the franchisor-franchisee relationship evolves over time as franchisor knowledge is transferred to the franchisee. Therefore, it’s not enough for franchisors to just instruct franchisees how to successfully operate the business under the franchisor’s banner. Franchisors must also listen to cultivate good relationships…
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Franchisor Growth and Survival
There’s no neutral in business! You either grow or die. In franchising, survival is often determined by the number of units the brand has as much as it is on the product/service itself. To survive, and run with the apexes, one must optimize of the resources at hand, be resourceful; be resolute & honest; and,…
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So, You Want to Franchise…
Franchising is the the worlds #1 way to expand a small business! But, just franchising a concept is not a guarantee for success. Franchising your business requires dedication to the success of others. Future franchisees must trust in you, your leadership skills to steward growth, your management team, and your ability to evolve the business…
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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…