As a Business Coach, the number one excuse I hear for people not achieving something, is “I had no time.” I recognise that being a franchise owner can be challenging, and sometimes it’ll feel like you’re wearing 97 hats, whilst being in a constant state of juggle. The opportunity is to adopt ‘Time Mastery’.
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Categories: Business and Management|Franchisor Advice|New Franchise Development
Franchising Trends – Where Are The Emerging Opportunities?
Changing conditions, both economically and socially, create new opportunities. Of course, changing conditions also mean some previously stable sections of the economy lose their value and even their viability.
5 things you must do if you’re heading into a franchise industry you know nothing about
The unique nature of the franchise model, with built in support and an established brand, means that people often use a franchise to make a major career segway or even to jump on a hot trend. Many people have been questioning whether they still get the satisfaction and enjoyment from their work that they should… Continue reading 5 things you must do if you’re heading into a franchise industry you know nothing about
25 things learned over 25 years: A CEO shares his insights
When reaching a milestone of 25 years in business, it is a time of celebration and also reflection. In today’s fickle and competitive business world, it’s no small feat to achieve longevity – and to not just survive over time, but to flourish and continue to grow.
Five mistakes franchise buyers make and how to avoid them
In our business, we regularly meet people who feel frustrated because the franchise they purchased hasn’t gone as well as they expected. The frustration could have been reduced if these people had avoided five common mistakes that overconfident franchise buyers make.
How to spot an undervalued franchise
It’s not often that buying a franchise is described as getting a bargain. Typically, buying a franchise costs more at first than setting-up an independent business, but this is usually offset by improved cash flow, faster achievement of breakeven, more effective marketing, rapid operational deployment and reduced risks to the operator due to the training… Continue reading How to spot an undervalued franchise
How to get rid of a toxic culture
Nothing toxic is good for you, and yet, it’s something that seems to be tolerated in organisational cultures all around the world. Toxic cultures create a sense of hopelessness, and people carry on regardless of the environment, but there is another way. You can deal with the toxicity and create something positive for staff, and… Continue reading How to get rid of a toxic culture
Curating and Building a Successful Franchise Model
Curating and Building a Successful Franchise Model These days, if you’re not changing, you’re going backwards. It used to be that the first step in creating a successful franchise model was identifying and proving a novel idea with a vivid brand suited to small-business replication. However, that is no longer viable in today’s market. Instead,… Continue reading Curating and Building a Successful Franchise Model
What does the Local Reporter Want From You
In the last column, I looked at how to write a press release and email pitch to send to the local reporter. Today we focus on finding the actual story idea to be the focus of that pitch.
Ensuring your business is the main meal
You love coffee, food and people and dream of owning a café that becomes the heartbeat of a local community. You imagine customers chatting while they wait for their coffee, succumbing to a scrumptious looking cake or sitting down for a meal that’s “Insta-worthy” and tastes as good as it looks. These customers become regulars.… Continue reading Ensuring your business is the main meal