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Franchisee Support and Assistance
Posted by Franchise Grade Team November 21, 2014
Franchisors often need to offer support to their franchisees. After all, the business model depends on providing industry novices with enough training and assistance to run their own businesses successfully. This post looks at four types of support and assistance that franchisors often offer to their franchisees to enhance their success: training, ongoing support services, real estate assistance, and financing. When deciding on the amount and kind of franchisee support to offer, franchisors must balance the need make their systems attractive to prospective buyers against attracting the wrong people to their systems.
Read moreWill You Freak-Out or Hunker Down?
Posted by Franchise Grade Team November 5, 2014
Sometimes motivation is forced upon us. We are thrust into the Un-comfort Zone. And, whether we sink or swim depends on how we respond to the situation. How do you react during a crisis?
Read moreCan You Crowdfund A Franchise?
Posted by Franchise Grade Team October 14, 2014
Currently, in the United States, there are two ways to crowdfund a business or a project.
Read moreThe Disadvantages of Franchising
Posted by Franchise Grade Team October 12, 2014
While the franchising business model offers several advantages to people building retail chains (see my post last month), it also has several disadvantages. Would be franchisees should be take these disadvantages into consideration when deciding whether to purchase outlets in franchise systems.
Read moreThe Advantages of Franchising
Posted by Franchise Grade Team October 11, 2014
Like all business models, franchising offers advantages and disadvantages to those people operating companies. This post discusses three key advantages that franchising affords. (Next month’s post will consider the disadvantages). Would-be franchisees should consider these factors when deciding whether or not to buy into a franchise system because they explain why franchisors are interested in selling franchises.
Read moreWhat's Your Flavor Of Entrepreneurial Uniqueness?
Posted by Franchise Grade Team October 10, 2014
The recent tragic loss of Robin Williams reminds us all of the fragility of life. Here today, gone tomorrow. But his loss also reminds us of a life well lived. Williams lived a life that only he could live. He relished in his unique talents and gifts, and released them to the world. He was his own flavor to the world. He was who he was, and that just happened to be one of the funniest people ever. Imagine for a minute if he had deprived all of us from his humor. Imagine if he had settled for a life of “ordinary” rather than shooting for the “extraordinary”. His life would not have been as full, and he would not have filled us all up with the joy and laughter that was his unique genius.
Read moreAvoid Business Complacency to Build a Thriving Enterprise
Posted by Franchise Grade Team October 9, 2014
Over time, as a catering business grows, it can get inefficient. Especially if there is too much money lying around, either in financing or by generating cash flow. Without urgency, a business can suffer.
Read moreHow To Motivate Employees Through Incentives
Posted by Franchise Grade Team September 15, 2014
Most employers look for ways to motivate and reward their employees.
Read moreDeliver More Than Food: Deliver Experience
Posted by Franchise Grade Team September 8, 2014
There are stories of innovation all around us. All we have to do is look and listen. I was reminded of the power of innovation recently when I watched this video of a pizza delivery system in Mumbai.
Read moreYes, You Can Still Finance Your Franchise Purchase.
Posted by Franchise Grade Team August 21, 2014
Finding the right loan or loans to purchase your franchise is not what it used to be. But you can still get the right financing with just a little knowledge.
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