Blog | Franchise Grade Team (19) | FranchiseGrade.com, Inc.

Understanding Working Capital Financing Options For Franchises

May 9, 2014

One of the oldest adages regarding starting and running a franchise is the answer to a common question; "What are the three most important aspects of a successful business?" and that answer is - "location, location, location."

How To Work On Your Business Not In It

May 2, 2014

Most small business owners/managers are normally overwhelmed and have too much to do. This is because they spend virtually all their time working in the business rather than working on the business. While it is necessary to do a lot of work in the business in a start-up to reduce overhead costs and lower the breakeven point, not spending a good deal of time managing the work effectively prevents most businesses from optimizing their results.

You Can Win Immunity From The Procrastination Epidemic

May 1, 2014

Everywhere people are dreaming big and accomplishing less.

How To Measure Business Metrics For Owners And Managers

April 25, 2014

In order to achieve the profit potential of any business, an owner or manager must utilize key business measurements of performance. Almost all small businesses only utilize the profit and loss and balance sheet financial statements their accountant issues. The message is that while these two reports are important, they will not, by themselves, enable an owner to be able to manage effectively.

The Franchise Investment: Trust but Verify

April 13, 2014

A number of franchise candidates exhibit a high degree of trust as they travel through the franchise process. In some cases it begins with the initial contact between a candidate and the franchisor representative and builds gradually over time. In other cases, the level of trust may arise at a certain point in the franchise evaluation process: for example, at a meeting with a franchisor representative or during a Discovery Day visit.

#1 Way To Succeed With Your Franchise

April 11, 2014

Just prior to boarding a flight that was the last leg of a long day of traveling, a well-known author and consultant tweeted: “Hey, @Mortons – can you meet me at newark airport with a porterhouse when I land in two hours? K, thanks. :)” Imagine his surprise when he got off the plane to find a tuxedoed gentleman holding a bag with a 24 oz. Morton’s porterhouse, shrimp, potatoes, bread, napkins and silverware.

5 Key Lessons for New Franchisees on Location-Based Marketing

April 9, 2014

Back when my wife and I were expecting our third son, we made multiple shopping trips to both big-box retail as well as smaller specialty stores.

Simple Productivity Hacks You Can Implement TODAY

April 5, 2014

Productivity has become an industry in it’s own right.

Five Off-premise Catering Sales Tactics Every Manager Should Know

March 31, 2014

When we talk about the 5 Pillars of Restaurant Catering at the MMS Catering Institute, active selling is the one pillar of focus that has the power to truly lead your restaurant catering business forward. To properly service your catering customers, your catering sales team needs to become very good at business-to- business selling. You will need to build key relationships within your community and its corporate sector, and you will need to become experts at feeding your customers where they live, work and play.

Should I Use My Personal Twitter Account to Market My Franchise?

March 27, 2014

In my previous posts, I mentioned that more than half of Americans see, read or hear about a tweet every single day. As is often the case with social media in larger companies, franchised brands in particular have struggled to figure exactly Twitter fits into their organizational chart and system, and whether or not it can provide any real business value.