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Attributes Of A Successful Franchise System
Posted by Franchise Grade Team February 1, 2017
The franchise industry sometimes receives mixed reviews including the occasional bad press. However, a look at the top tier of the industry reveals franchises that are successful for both franchisors and franchisee investors.
Read moreMoney Matters: Finance Yоur Business and Kеер Those Finаnсеѕ on Track!
Posted by Franchise Grade Team November 13, 2016
Some реорlе drеаm of bесоming an еntrерrеnеur, but wоrrу too muсh оn whеrе or hоw to finаnсе thеir buѕinеѕѕ – thаt iѕ, whеrе they should gо аnd lооk fоr it. If уоu’rе оnе of thеm оr even hаvе еngаgеd in buѕinеѕѕ fоr уеаrѕ nоw, hеrе аrе орtiоnѕ for уоur finаnсеѕ.
Read moreNever Open A Franchise If This Is The Reason Why!
Posted by Jeff Lefler November 9, 2016
Live the American Dream! Be in business for yourself but not by yourself! Great marketing pitches are designed to get you to want to buy a franchise. If someone tells you there’s this turnkey business that’s just waiting for you to invest into and it’s a proven business model and can’t fail – run away. Every business, including franchised businesses have risk. They are not turnkey. If you are opening a franchise for one of these reasons – stop. Reconsider!
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 moreBecome a Real Estate Broker
Posted by Franchise Grade Team October 25, 2016
Becoming a Real Estate Broker can take a great deal of time and money, and may not succeed in some cases, the first question to ask yourself is whether you wish to become an independent brokerage, or a franchised (or chain) brokerage. While going independent may seem attractive, there are a lot more positives in investing in a franchised brand. There are many steps to take in becoming a broker, such as taking the courses, registering with your state and paying all associated fees.
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 moreHow To Decide Whether Or Not To Start Your Own Business
Posted by Franchise Grade Team 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?
Read moreHow To Finance My Franchise When All Else Fails
Posted by Joseph Lizio June 19, 2016
You have decided that your future involves buying into and running a franchised business. You have even decided on which franchise chain you want to buy into to.
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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