Emotion: Fear (2)
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What’s Pushing Your Buttons?
Posted by Franchise Grade Team April 3, 2017
What motivates you? Are you motivated by fame, fortune or fear? Or is it something deeper that fans the flames inside of you? Perhaps you are like Jeanne Louise Calment whose burning desire enabled her to do something that no other human being has done before. A feat so spectacular that it generated headlines around the globe, got her a role in a motion picture, and landed her in the Guinness Book of World Records. A record that has yet to be beaten.
Read moreFranchisors and Franchisees Should Manage Change
Posted by Franchise Grade Team February 5, 2017
Change is an important component of all business relationships and this is particularly true in franchising. When significant change is considered or takes place it’s important that the franchisor and franchisees are capable of conducting their business without disrupting their relationship. In addition, change should consider the needs and objectives of both parties.
Read moreWhat is a Brand to do with Twitter?
Posted by Jeff Lefler January 25, 2017
In my previous posts, I mentioned that more than half of Americans see, read or hear about a tweet every single day.
Read moreNew Research Examines Investment Risk in the Home Care Franchise Industry
Posted by Ed Teixeira January 10, 2017
FranchiseGrade.com has published the annual Home Care Franchises Sector Report, highlighting the best investment opportunities among 69 unique franchise systems
Read more6 Terrible Reasons to Start A Business
Posted by Jeff Lefler November 10, 2016
Almost every article out there tells you to go for it. Start your own business! Live the American Dream! The truth is not everyone should start their own business. If you are thinking about starting your own business, slow down and think of the reasons why you want to do that.
Read moreTough Lesson For A Franchisee
Posted by Franchise Grade Team October 17, 2016
Recently, an individual reached out to me after purchasing a fairly well-known franchise. For illustration purposes, I will refer to the individual as “Sally.” Sally had purchased a franchise 85 days prior to contacting me.
Read moreThe Great Recession and the Real Estate Sector
Posted by Franchise Grade Team August 1, 2016
It’s been almost a decade since the worst economic crisis in modern American history took place. The period between late 2007 and the summer of 2009, known as the Great Recession introduced severe economic conditions in the United States including high unemployment, declining real estate prices, high mortgage foreclosures and tight credit markets. Now, as economic conditions have improved and there has been a return to economic normalcy, there remains economic uncertainty remains in the minds of some people. This translates to some apprehension on the part of potential home buyers.
Read moreFranchisee Centric or Franchisor Centric?
Posted by Franchise Grade Team July 4, 2016
Although there may be differences in the way franchisors operate their franchise system we can assume with confidence, that franchisors intend to develop a franchise network with profitable franchisees and strong brand recognition. If there is an operational difference among franchise systems, an indicator can be found in the balance found within a franchise system. I would describe this in terms of how a franchisor interacts with their franchisees. This is not to say that all franchisors aren’t concerned about their franchisees but rather what is the operating philosophy that certain franchisors utilize. In order to more clearly define this phenomenon, I believe that franchisors usually fall into one of the following two categories or somewhere in the middle; Franchisee Centric or Franchisor Centric. Problems can arise when there is a pattern of overly emphasizing one approach over another.
Read moreTechnology Should Complement Not Replace Franchise Communications
Posted by Franchise Grade Team June 6, 2016
There is no denying that technology has enhanced the ability of people to communicate in mere seconds in a variety of ways. However, despite the advantages of enhanced communication, it does raise certain issues, especially as regards the franchise industry.
Read moreFranchisors Must Carefully Manage Change
Posted by Franchise Grade Team April 25, 2016
Change is a normal part of operating any company whether the company is small or large, franchised or not. Change can come in many forms, whether procedural, which is implemented per the operations manual or marketing changes such as introducing an advertising program or new product. Change can be of a major category such as a franchisor acquisition, a merger or a sale. If the franchisor is publicly owned, this type of information must be disclosed in compliance with SEC regulations.
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