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Five Reasons to Buy a Restaurant Franchise
Posted by Jeff Lefler November 23, 2016
When most people think of franchising they think restaurant. They think McDonalds, Burger King, Sonic or Checkers. There are over 500 different franchised restaurant options to choose from. Some that have a better ROI than you would get from a major brand. But owning a restaurant franchise takes a special kind of person that can operate and manage the business properly.
Read moreMillennials and the Future of Real Estate
Posted by Franchise Grade Team October 31, 2016
The real estate market gained a soiled reputation from the fallout during the Great Recession. This was partly due to the effect of subprime mortgages and the burst of the housing bubble, directly contributing to the severity and depth of the Great Recession. The real estate sector took a predictable downturn in the following years, with 2010 as the low point.
Read moreIs Now The Time To Become A Real Estate Broker?
Posted by Franchise Grade Team October 28, 2016
It’s been nearly 10 years since what has been deemed as the “Great Recession”, the worst economic crisis in modern history took place. Due to economic conditions such as high unemployment and rising interest rates the financial situations of previous stable families dropped dramatically leading to a high increase in mortgage foreclosures; deeply impacting the success of each Real Estate Broker and their franchise systems.
Read moreThe Single Greatest Management Hack Of ALL TIME!
Posted by Franchise Grade Team 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
Read moreChildren's Services Franchise Systems Are Growing Up
Posted by Franchise Grade Team 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.
Read moreHow to Become a Successful Franchisee
Posted by Franchise Grade Team February 8, 2016
Whether you’re a franchisee or franchisor, we need to recognize that when a franchisee fails, it impacts the specific franchise system and to a lesser degree the franchise industry.
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