Tag Archive
WSJ Article Points to Continued Borrowing Challenges
Improving internal systems, methods and support to really help existing franchises achieve greater profit and stability is more important than ever. Franchise flywheel represents the type of tools ZOR’s should be adopting to put an emphasis on improving core capabilities until the damper on growth passes.
Franchisor Ignorance Is Bliss – Is $150 a Month Too Much To Ask ?
Do you think franchising generally has ignored the benefits that technology and systems offer? What can explain this type of thinking? We continue to mine for the insightful ZORS who can see the value in the franchise flywheel. Can you help us find some more evolved ZORS to speak with?
Franchise Business Models Face Increasing Pressures
Bottom line is the SOP is not going to likely work for most franchise systems given the degree of change going on. If you are a manager, executive or franchisee, how aware are you of these pressures and do you concur with the analysis that your business models are feeling significant and greater pressures requiring fundamental change ?
Franchise System Success – More Elusive Than You Think
Most businesses seeking to franchise a concept do so with the belief that it is a proven way to expand their company successfully. However, its not nearly as easy as many statistics might lead you to believe. A handful of brands comprise the clear majority of successful franchises and thousands of smaller franchise systems experience [...]
Mobility – An Invaluable Tool for Franchise Field Operations
If you’ve been in the franchise industry for any time you know the scenario. The poor franchise business consultant, working with a franchisee or its managers at a location in the field. The business is having challenges and the new consultant is trying to get down to the who, what, when, where and why. The [...]
Franchise Growth Got You Down ? Focus on These 4 Things
During a November 13, 2009 presentation to the legal firm Nixon Peabody and their Franchise & Distribution Team, Fran-Data’s CEO Darrell Johnson shared that, “tight credit” was “the single biggest constraint on franchise growth.” According to Mr. Johnson, easy credit over the past several years allowed franchise systems to expand and prosper even though their [...]
Why the Cloud Matters for Franchisors
Having worked in IT and franchising for over 25 years, I only wish the “Cloud” was around a few decades ago like it is today. I remember it well, dealing with IT people, and hardware and software infrastructure that required many resources and delivered little in the way of quality solutions in a reasonable time [...]