Blog | Franchise Grade Team (21) | FranchiseGrade.com, Inc.

Is Multi-unit Franchising The New Norm?

February 14, 2014

The demand for multi-unit franchising is increasing and by all accounts it is here to stay. This phenomenon first came to light over 12 months ago when Frandata.com first reported that 52% of all franchises are now owned by multi-unit operators.

Can You Spot the Difference Between a Franchise Owner and an Entrepreneur?

February 12, 2014

Recently, I had the great fortune to interview one of my business heroes, Michael Gerber, for my Franchise Euphoria Podcast. Gerber is a true legend of entrepreneurship. Inc. Magazine has referred to him as “the world’s #1 small business guru.” Gerber and his companies have helped tens of thousands small business owners transform their businesses into world class operations. He is the author of the mega-bestseller “The E-Myth Revisited” and 13 other business coaching books. And he is a huge proponent of franchising, when done right.

3 Common Ways To Obtain Working Capital For A Franchise

February 10, 2014

Franchises need working capital. Just like every other business on this planet. Not all businesses need equipment. Not all businesses need inventory or commercial property or even labor. But, all businesses need working capital to ensure that their operations are running smoothly enough to generate revenue day-in and day-out.

Franchise Marketing – What the Franchisor Should Provide

February 8, 2014

When you buy a franchise, you’re buying a BRAND. You should expect that the franchisor has developed a strong marketing program for you so that you can achieve the success that you expect. When you’re doing your research on a franchise, checking out their marketing is some of the most important analysis that you do.

How Social Media Could Shape Your Decision to Purchase a Franchise

February 6, 2014

Social media communication can actually be a great indicator as to how a franchise system supports its franchisees. Once you’ve narrowed down your potential franchise choices, take some time to look at their social media and consider the following things.

Sales Systems For Closing More Restaurant Catering Business

February 5, 2014

When discussing a consistent and predictable sales system for a catering team, I like to remind people that the formula should be basic and easy. It does not need to be overcomplicated in any way and this is true if you have one store or 100. However, I'd like to recommend that as a franchisee, you commit to a consistent catering selling language and system for closing sales.

What is Better Than Increasing Minimum Wage?

February 2, 2014

There has been a lot of press recently about the wages of fast food and retail employees. While this is a very real issue, Money, however, is not the number one issue among employees. Survey after survey indicates that recognition is the number one need of most workforces.

3 Stress Busting Tactics for Business Owners

January 24, 2014

Owning your own business isn’t just another job. You’re the captain of your fate now, and with that great power comes responsibility. The buck stops firmly on your desk. You’re not just responsible for taking care of yourself and your family - your team are depending on you too.

5 Tips for Better Multi-Unit Franchise Management

January 20, 2014

When it comes to managing multi-unit franchises, there is no such thing as a dull day. Whether you have 2 locations or 200, there will always be operational issues that make managing a challenge. For that reason, it’s important to use tools and technology to make managing your franchise as streamlined as possible. Here are 5 tips to help you manage your multi-unit franchise:

Understanding the Economics behind Franchisor-Franchise Conflict

January 17, 2014

While buying a franchise can offer would-be business owners the benefits of an established brand name and a proven operating system, it can also mire franchisees in legal disputes. Because many disagreements between franchisors and franchisees stem from the disparity in how the two parties earn money, developing a basic understanding of these differences should help would-be franchisees avoid a heap of trouble later.