Buyer: Business Minded (7)
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Should A Franchisor Support A Franchisee's Local Social Media Efforts?
Posted by Franchise Grade Team March 8, 2014
Recently I met with a franchisor that is quickly growing the franchise across Canada. What I discovered about the company’s social media surprised me…not because I haven’t seen evidence of it before with other franchises but because I’ve never met a franchisor state it quite as plainly as this one did.
Read moreCan I use Google Media Tools to support my franchise operations?
Posted by Nate Riggs March 5, 2014
In late 2013 at the Online News Association ‘13 digital journalism conference, executives from Google introduced a new suite of tools.
Read moreCollege Freshmen, Business Ownership and a Poor Economy
Posted by Franchise Grade Team February 18, 2014
For those of you searching for some good news about the persistently sluggish economy, here’s something: The weak economy appears to motivate college students to want to be successful business owners.
Read moreIs Multi-unit Franchising The New Norm?
Posted by Franchise Grade Team 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.
Read moreCan You Spot the Difference Between a Franchise Owner and an Entrepreneur?
Posted by Franchise Grade Team 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.
Read more3 Common Ways To Obtain Working Capital For A Franchise
Posted by Franchise Grade Team 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.
Read moreHow Social Media Could Shape Your Decision to Purchase a Franchise
Posted by Franchise Grade Team 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.
Read moreSales Systems For Closing More Restaurant Catering Business
Posted by Franchise Grade Team 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.
Read more3 Stress Busting Tactics for Business Owners
Posted by Franchise Grade Team 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.
Read more5 Tips for Better Multi-Unit Franchise Management
Posted by Franchise Grade Team 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:
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