When you think about franchising, the prospect of being a franchisor’s first franchisee doesn’t always spring to mind. But business networks have to start somewhere and someone has to be brave enough to take the leap.
You’ve overcome the initial franchising or independent business hurdles in the setting-up stage and you’re now looking to scale your business. But where do you start? Here are 10 simple ways to scale up your business or franchise.
It’s easy to get caught up in the day-to-day tasks involved in running a business. But how can you make sure you get the most out of your franchising journey as a happy franchisee? Here are our eight top tips for job satisfaction in the franchise world. 1.
As the franchisor, you have a significant influence over whether an entrepreneur chooses to invest in your business. The way you treat your existing franchisees and the culture you create in your franchise network will play a huge part in any potential investors’ decision-making process.
For those who have just begun life as a franchisor, getting to grips with the day-to-day running of a business can involve a fairly steep learning curve.
Ask any business owner about the importance of having a robust business plan in place, and they'll tell you that it's essential to the success of every venture. But ask the same entrepreneurs if they have a PR strategy in place as part of their business plan, and not many can say ‘Yes’.
When you first started your own business, it’s likely that your immediate concern was getting through the first couple of months. The early days of business ownership can be tough, but you survived. Better than that, your business performed well.
Franchisees represent your brand across the country. They face the public, they operate under your name, and if they’re satisfied with their business, your entire business could suffer as a result of poor customer service.
Want to minimise disruption to your business? Check out these five common sources of franchise conflict so you can work to prevent them before they become an issue. Whether you’re a franchisor or a franchisee, it’s in your interests to minimise franchise conflicts across your business.
The biggest challenge for many franchisees is how to stay productive and make sure they’re achieving their goals. It’s not always clear how to self-motivate when you’re working for yourself, particularly if you’re stuck with tedious tasks that just have to be done.
In the UK, we’re surrounded by American brands. We go to McDonald’s and Starbucks, grab sandwiches from Subway, and burn off the calories in our Skechers with a stint at Anytime Fitness on the way home.
If you’ve established a successful network of business locations in your home country, you might be interested in taking it across the world. But how do you set up your business in foreign countries and what do you need to bear in mind when running an international franchise? Let’s find out.
Have you got a franchise interview in the calendar? There’s no need to be nervous. Ultimately, it’s all about demonstrating your commitment to the brand and dedication to business success. And it’s as much an opportunity for you to assess the franchise as it is for the franchisor to assess you.
Spotting the future franchisees within your franchise can be tricky, whether you’re planning on handing the business on soon or just want to help the next generation get started. Here are five tips for shaping your hardworking employees into the franchisees of the future.
Franchise meetings can be just as nerve-wracking as standard job interviews; you need to be a convincing entrepreneur, investor, businessperson, leader and brand ambassador to succeed in becoming a franchisee. Here’s how to make a good impression when meeting a franchisor for the first time.
Perhaps you’re a high-flying franchisor with plenty of industry experience. Or maybe you’re a new franchisee, having signed the contract, furnished a business premises and completed the training scheme.
Franchises come in all shapes and sizes, but they’ve got one thing in common: they’re defined by their staff. In today’s competitive business environment, brands must understand the importance of hiring the right employees in order to see success.
Forging a successful franchisor-franchisee relationship is a necessity for franchise success. This can be achieved most successfully via a balance of professionalism, dependability and hands-on leadership.
Choosing the right name for your franchise can be tricky. It’s the first point of contact that most customers will have with you, and it’s a big decision to make. Here’s how to choose the right name for your business that represents what you’re all about.
Running a franchise with family can be very rewarding. But there are plenty of unique challenges that crop up when working with those closest to you. Here’s our guide to turning your family unit into a franchise dream team.
Ever wondered what multi-level marketing (MLM) is? Here, we take a deep dive into the business model, looking at its pros and cons, as well as some of the best known MLM brands.
In a franchisor-franchisee relationship, both parties work together to achieve success. The importance of a positive franchisor-franchisee relationship is high, and every aspect of the business can be impacted by the strength of this central relationship.
It’s easy to slip into a rut, using the same old promotional material templates time and time again. So, we’ve collected eight of the best and most innovative marketing ideas to get your creative juices flowing.
When you’re a franchisee, you operate your own business, with the franchisor above you and your employees below you. To keep things running smoothly, you’ll need to minimise disagreements with both groups. Here are our top tips for managing conflict as a franchisee.
Whether you’re converting your independent business into a franchise network or thinking about investing in an existing company, consulting a specialist legal advisor is a sensible choice. But knowing how to find a franchise lawyer with the right level of experience can be tricky.
Being a business owner is about more than just turning a profit; as a leader in your community, you have the chance to make a real impact on those around you. Keep reading to find out how to support the causes you care about through your company.
We’ve all been there; stuck in a never-ending loop of distraction and frustration. In years gone by, we’d have to put all our effort into trying to boost productivity ourselves but, happily, there is now a plethora of digital time-saving tools available.
If you’re running your own business, it can be hard to know when to start your employee recruitment scheme - particularly if you’ve been going it alone for some time. Luckily, there are a few signs to look out for.
We all need to focus on wellbeing from time to time, but taking care of your mental health as a business owner is vital. Being responsible for the success of an organisation and a team of employees can take its toll, but there are plenty of resources out there to help you maintain positivity.
When you’re busy running your own business, it can be easy to slip into unhealthy routines. Chances are, you’re focussed on achieving success and sometimes your determination to reach goals sometimes clouds your perspective.
Podcasts can give you information, insight and reassurance - all while you get on with your day - and there are lots of resources for entrepreneurs out there. Get ready for a career change or learn to be a better business owner with these top entrepreneurship podcasts.
As a successful franchisee, there are lots of ways you can support the local community. If you’re looking for guidance on how franchisees can play a role in supporting the residents and businesses around them, here are some of our best ideas.
Seeing your money drip away through monthly bills can be demoralising, particularly if you’re trying to run an economically-efficient business. But if you’re wondering how to save money as a business owner, you’re in luck - there are lots of creative ways to reduce your outgoings.
In a world that’s more connected than ever, distractions are waiting around every corner. It can be difficult, as a business owner, to stay focused and productive at work. Whether you’re running your own business or running a franchise, your attention is always being pulled in multiple directions.
Effectively dealing with franchisee underperformance can be difficult at every stage of the franchising process. But, as a franchisor, this is one of your primary responsibilities, and poor performance can quickly impact your brand reputation.
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