Blog | Emotion: Passion (3) | FranchiseGrade.com, Inc.

Millennials and their Children

Posted by Franchise Grade Team October 20, 2016

As millennials reach their late twenties and early thirties they are growing out of their high school and college years. Most are entering a new life phase — starting a family. Millennials face more challenges than previous generations. They are more likely than their Gen-X and Boomer counterparts to have high student debt and working at minimum or low paying jobs. These financial conditions lead many millennial families to have both parents working while raising children. This requires the need for child care services.

The 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

The Importance of Online Ordering When Catering Out of Restaurants

Posted by Franchise Grade Team October 15, 2016

When we talk about the 5 Pillars of Restaurant Catering, one of the most important elements of delivering a successful off-premise catering program is sales. No off-premise program can thrive without the proper sales tools designed to grow the business.

The Potential Advantages of a Partnership

Posted by Franchise Grade Team October 11, 2016

Many entrepreneurs need capital to start a business. Many times to secure that capital, instead of borrowing more money, or if they cannot borrow more money, they enter a partnership. This can be a good or bad move. There are advantages and disadvantages to a partnership. I have consulted with one business that worked fairly well and I have consulted with many that were dysfunctional.

Rapid Growth in the Children's Services Sector

Posted by Franchise Grade Team September 15, 2016

Over six years, franchised outlets among Children’s Franchises have grown by 35%, from 2010 to 2015, inclusive – demonstrating the rapid growth of this sector within the franchise industry.

5 Tips On How To Start A Successful Business

Posted by Franchise Grade Team July 19, 2016

Starting your own successful business can be rewarding. You have the opportunity to be your own boss. But it's also very difficult. Success or failure is squarely on your shoulders. According to Forbes, 8 out of 10 businesses fail within the first 18 months. So what makes the other 2 out of 10 businesses successful? Successful business owners have traits that lead to their success. Hard work, passion, creativity and focus are key traits of every business owner, so why are some successful and others fail?

Establishing and Maintaining Positive Franchise Relations

Posted by Franchise Grade Team April 15, 2016

One of the most important byproducts of the franchisor-franchisee relationship is the state of franchise relations, which can range from positive to negative. The most common and immediate measure of franchise relations is derived from a combination of franchisee surveys, franchisor-franchisee litigation and feedback from a franchisee advisory committee or franchisee association.

Franchisors Should Be Confident Yet Candid

Posted by Nate Riggs April 8, 2016

When presenting their franchise concept to qualified prospects, franchisor staff should balance their presentation with their confidence in the franchise and the amount of effort it takes for a franchisee to be successful. Franchisors that follow this advice have a better chance of developing a successful franchisee network.

Franchisors Should Evaluate Competitors on a Regular Basis

Posted by Ed Teixeira March 4, 2016

During current times, franchisors operate in a very competitive environment as they seek to attract and add qualified franchise candidates to their franchise network. As candidates look to obtain a favorable return on their franchise investment the most attractive franchise opportunities should be represented by the healthiest franchises. However, in the real world there are a number of franchise systems that don’t represent a healthy franchise system. Many of these unhealthy systems aggressively seek franchise candidates and compete for investment dollars. In order to grow their system franchisors need to offer the best opportunity and investment value to prospective franchisees. For these reasons, it’s important for franchisors to perform a competitive analysis of franchise systems that are direct and indirect competitors.

Franchisors Need to Control Their Franchisee Development Strategy

Posted by Franchise Grade Team February 26, 2016

A number of years ago, Subway founder Fred DeLuca was asked to explain his development strategy for Subway. His response was simple: “I want to be where every McDonalds is and to locate as close as possible to them because they have the best site location strategy.” Whether Fred’s comment was serious or not, one cannot question Subways success.