Blog | Franchise Grade Team (10) | FranchiseGrade.com, Inc.

The Single Greatest Management Hack Of ALL TIME!

October 18, 2016

The 80/20 principle doesn’t even do this justice: When it comes to leadership and getting the most out of your people, there’s one simple tactic you can use that will create a revolution of results. Think of it as the 1% insight into management strategy that nets you 99% of the results. This single uncomplicated tactic will increase your staff’s compliance with instructions in the short term, while slowly conditioning them to think for themselves in the future. The only catch? In order for this to work, you have to understand a crucial piece of human psychology. Once it clicks, you’ll be able to rocket your team’s effectiveness into the stratosphere. Telling people what to do doesn’t work Poor managers believe that their job is to communicate instructions to their staff. “Do this, do that… and do THIS as well!” This cliche is always followed by “Why do I have to keep reminding you?”. It feels a bit like a burnt out parent nagging a surly teenager to take out the trash. The “Transfer-of-Instructions” school of leadership is born of the industrial age. It’s built on the presupposition that people are automatons: Replaceable cogs of mindless labor functioning in a machine. It makes no room for the notion of building an inspired, autonomous and proactive crew. Even if you run a business that requires boring labor of your team, it doesn’t have to be mindless. The make or break difference between these types of businesses that succeed and those that fail still comes down to staff. Until robots really can replace everyone, you need people to do their jobs and your bottom line will benefit if they do them well. Merely transferring instructions doesn’t work. Staff become uninspired, look for shortcuts and require constant reminding. Most of all? They stop thinking for themselves ensuring you always sweat when you need to leave them unattended. The Power of Rationale What’s missing is the WHY. This is the principal so few business owners understand. They transfer instructions that they can see – with their eagle-eye perspective on the business – are essential. However, staff are simply told they must do this thing. They’re not given context or an explanation for why the priority has arisen

Tough Lesson For A Franchisee

October 17, 2016

Recently, an individual reached out to me after purchasing a fairly well-known franchise. For illustration purposes, I will refer to the individual as “Sally.” Sally had purchased a franchise 85 days prior to contacting me.

The Importance of Online Ordering When Catering Out of Restaurants

October 15, 2016

When we talk about the 5 Pillars of Restaurant Catering, one of the most important elements of delivering a successful off-premise catering program is sales. No off-premise program can thrive without the proper sales tools designed to grow the business.

Hоw to Fire an Employee

October 15, 2016

Onе of thе mоѕt diffiсult tаѕkѕ уоu will face as a buѕinеѕѕ оwnеr will bе firing еmрlоуееѕ. Emрlоуееѕ whо consistently break thе rulеѕ, dо not perform the functions of thеir jоb, оr саuѕе diffiсultiеѕ fоr your business can bе a ѕtrаin оn the wоrk еnvirоnmеnt, уоur cash flоw, аnd еvеn diѕruрt your buѕinеѕѕ frоm thriving аnd реrfоrming аѕ еxресtеd. Thiѕ tutоriаl will givе уоu steps and hintѕ аbоut firing еmрlоуееѕ оr аѕѕосiаtе. So how do you fire an employee?

Children's Services Franchise Systems Are Growing Up

October 14, 2016

The children's services franchise sector is one of the fastest growing within the franchise industry. From our Sample of 106 children's services franchise systems, this sector has seen franchised outlets increase by 12.1% since 2010. Children's franchises represent only 2.1% of the industry outlets but account for a staggering 6.3% of industry outlet growth.

Brands to Watch – Berkshire Hathaway HomeServices

October 13, 2016

As the real estate sector continues to experience a resurgence, a brand that potential investors may want to consider is Berkshire Hathaway HomeServices (BHH). BHH is an affiliate of the parent company Berkshire Hathaway, owned by the highly successful businessman Warren Buffett. Buffett, with a net worth of $67.5 billion, is the third richest person in the world as of July 2016. While many businessmen with comparable wealth achieved their wealth through the acquisition of goods and product innovation, while Buffett’s empire is in the form of share certificates, the result of consistently smart investments.

Four Ways to Enhance Franchise System Success

October 12, 2016

Like the owners of any business, those running successful franchise chains tend to manage their companies differently from their counterparts at unsuccessful systems. While much of what differentiates the best from the rest is similar to what separates all high performing companies from low performing ones – better products, employees, and appreciation of what customers want – research also shows that high and low performing franchisors design their systems in four fundamentally different ways: They have different rules about who can own outlets; use different mechanisms to control franchisee behavior; take different approaches to the time horizon of their agreements; and employ different policies toward advertising and brand name development.

The Potential Advantages of a Partnership

October 11, 2016

Many entrepreneurs need capital to start a business. Many times to secure that capital, instead of borrowing more money, or if they cannot borrow more money, they enter a partnership. This can be a good or bad move. There are advantages and disadvantages to a partnership. I have consulted with one business that worked fairly well and I have consulted with many that were dysfunctional.

How To Decide Whether Or Not To Start Your Own Business

October 9, 2016

You want to do this (whatever “this” is - start the business, buy the franchise, invest in the project, etc.), but you’re scared to take the plunge. What if something goes wrong?

10 Things Franchisees Should Know About Their Competitors

September 28, 2016

Market analysis is a means of gathering important information about your market competitors. It gives you insight into the quality and techniques of your competitors and enables you to understand your market conditions. When you analyze your competitors, identify the similarities and differences between their products or services and yours. When you’ve identified key characteristics of your competitors you can establish a plan to compete. For example, you may lower certain prices, offer better service, advertise, use special promotions or add to your product line or services.