Franchise (7)
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A 6-Step Approach to Planning Your Franchise Social Media Strategy
Posted by Franchise Grade Team June 9, 2014
While I’m a complete believer in franchise-wide social media systems, you simply may find that you buy into a franchise without something in place.
Read moreHow To Lead A Team To Success
Posted by Franchise Grade Team May 28, 2014
Time and time again, I meet entrepreneurs who've spent so long chasing the “self employment” dream that they sometimes overlook the fact that – somewhere along the way – they've become employers.
Read moreAre SBA Loans A Problem For The Franchise Industry?
Posted by Franchise Grade Team May 26, 2014
Getting access to credit is a major issue for franchisees, particularly those first buying outlets. So franchisees and prospective franchisees need to understand what different lenders are looking for in potential borrowers.
Read moreWhy Every Small Business Should Follow The Franchise Model
Posted by Franchise Grade Team May 14, 2014
Ok, I get it. You have no interest in franchising your business or in buying a franchise. You want to grow your business organically, with a local grassroots effort. You don’t want to pay royalties or a large up front fee. And you certainly don’t want to incur the cost of transforming your business into a franchise. It’s just not you.
Read moreUnderstanding Working Capital Financing Options For Franchises
Posted by Franchise Grade Team May 9, 2014
One of the oldest adages regarding starting and running a franchise is the answer to a common question; "What are the three most important aspects of a successful business?" and that answer is - "location, location, location."
Read moreHow To Work On Your Business Not In It
Posted by Franchise Grade Team May 2, 2014
Most small business owners/managers are normally overwhelmed and have too much to do. This is because they spend virtually all their time working in the business rather than working on the business. While it is necessary to do a lot of work in the business in a start-up to reduce overhead costs and lower the breakeven point, not spending a good deal of time managing the work effectively prevents most businesses from optimizing their results.
Read moreYou Can Win Immunity From The Procrastination Epidemic
Posted by Franchise Grade Team May 1, 2014
Everywhere people are dreaming big and accomplishing less.
Read moreHow To Measure Business Metrics For Owners And Managers
Posted by Franchise Grade Team April 25, 2014
In order to achieve the profit potential of any business, an owner or manager must utilize key business measurements of performance. Almost all small businesses only utilize the profit and loss and balance sheet financial statements their accountant issues. The message is that while these two reports are important, they will not, by themselves, enable an owner to be able to manage effectively.
Read morePlanning a Franchisee’s Approach to Social Media
Posted by Frances Leary April 15, 2014
As you consider your decision to purchase a franchise, you are most certainly also weighing the other commitments that go along with running your own business: employee management, day-to-day operations, sales, marketing and more.
Read moreThe Franchise Investment: Trust but Verify
Posted by Franchise Grade Team April 13, 2014
A number of franchise candidates exhibit a high degree of trust as they travel through the franchise process. In some cases it begins with the initial contact between a candidate and the franchisor representative and builds gradually over time. In other cases, the level of trust may arise at a certain point in the franchise evaluation process: for example, at a meeting with a franchisor representative or during a Discovery Day visit.
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