Many companies are finding it hard to maintain sales performance amid the COVID-19 crisis, but the way you communicate with your customers as it unfolds could make or break your business.
It’s safe to say that starting a new business doesn’t always lead to immediate success, but there are some things you can do to make sure it stands the best chance.
Working with a business partner can be tricky, particularly when the going gets tough. Perhaps you rushed into collaborating without talking things through fully, or discovered your ambitions have changed further down the line.
These days, everyone’s talking about how to protect the environment. Often, it’s easy to make environmentally friendly choices at home, but it’s down to employers and franchisors to take measures in the workplace.
Success in the business world is defined by the relationships you forge. Today, we unpick why building relationships with suppliers is so important and how you can establish healthy, long-lasting ones.
With rising interest in healthy, active lifestyles, demand in the fitness sector is growing, and so is the workforce. This is great news for fitness franchisees eager to expand by hiring new team members. With so many candidates, how can you ensure you’re choosing the best people for your franchise?
Burnout is a very real issue for business owners across the world; a mixture of outside pressure and internal drive can lead entrepreneurs to take on unhealthy working habits.
In this article we’ll look at the value of building customer loyalty for your franchise business and some useful tools to keep customers coming back.Running your own franchise business would not be possible without your customers.
Want to run your own driving school business but not sure how to get started? Read on for our top five tips! If you’ve learnt to drive, there’s a good chance you have a clear memory of your driving instructor and your experience with them.
Driven by the UK’s entrepreneurial spirit and with 90% of franchisees reporting profitability1, it's easy to understand why franchising is experiencing significant growth.Latest figures show franchising contributes £17.
Whether you’re attracted to franchising for the brand recognition, existing customer base or strong support network, none of these benefits guarantee your success without a healthy franchisor and franchisee relationship.
Marketplaces, or online portals, are digital platforms that connect sellers and buyers. While the model has gained a foothold in B2C and B2B markets, they have quickly become the main channel franchisors use for franchisee recruitment.
A winning employment engagement strategy is vital for a healthy business. Keeping your workforce happy is as beneficial to you as it is to your staff. By taking the right steps to boost employee satisfaction, your business can get an edge on the competition.
As a social media platform with over 800 million active users, Instagram has the potential to boost brand recognition for any business. The site has become a huge part of many companies’marketing initiatives since it allowed users to create business profiles in 2016.
Implementing effective marketing strategies is essential if your business is going to thrive in a marketplace that is already crowded. So, today, we provide eight top tips for how you can do it successfully.
Corporate training is essential for the success of any organisation. It's just as important for a franchise as it is for a franchise. Today, we’ll take a look at what it means, why we need it and how it can be achieved.
An employee value proposition – or an EVP – is the structure of benefits on offer for employees that dedicate their time and effort to a company. Every business has an EVP, and each one is different.
Corporate training is a way of improving the overall productivity and of a business by providing those involved in the company with additional skills or knowledge.
If you own a restaurant – or plan to in the future – hiring staff should be a key concern. According to YouGov, the hospitality industry in the UK has an annual staff retention level of just 70 percent – well below the UK average of 85 percent.
Every employer has been there – you’ve poured time and money into training one of your employees up but just a short while later, their resignation letter is sitting in your inbox.
As a business owner, it’s important to have a clear picture of the people you’re trying to attract, as well as a strategy for getting them through the doors. Don’t make the mistake of trying to appeal to everyone; creating a focused marketing campaign is crucial.
As humans we are often motived by our own personal development. If this self-development is aligned with organisational goals, you help to tackle the principle-agent problem and motivate and inspire employees.
Recruitment and selection are key parts of . If you want to source and appoint the best workers, you’ll need to examine your hiring process and make sure it is as streamlined and efficient as it could be.
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.
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.
If during a disciplinary investigation meeting the employee is unable to provide a satisfactory explanation for their behaviour and there is a case to answer, then a disciplinary hearing is probably on the horizon.
Success does not come for free. In order to become a franchisee, you’ll have to make sacrifices and build your business from the ground up. You’ll need to make changes to your lifestyle and habits. You’ll have to consider new ways to save money.
play an important role in attracting new franchisees. They’re an opportunity to show applicants what day to day operations are really like, what kind of work culture you’ve developed, and what they can expect life to be like as a franchisee. However, they’re also an opportunity to impress.
For , getting your first business up and running can be tough. It's often a tricky learning experience that involves overcoming obstacles, only to encounter another, then another, and another. The good news is that this doesn't last forever.
A healthy franchisor/franchisee relationship is essential to a functional, profitable, and successful franchise. If these two important individuals aren’t able to cooperate and work together, there’s a good chance that conflict will soon surface, and insurmountable problems will begin to arise.
No business, whatever size they are or industry they're in, can afford to ignore the issue of customer loyalty. If a isn't attracting loyal customers, it has to continually appeal to new customers. This is not only expensive; it's also unsustainable.
Franchises are complicated business models, and tensions can arise if you’re not careful. In this article, we look at five of the most common causes of franchise conflicts and how they can be avoided.
Taking the time to make new contacts is something we should all be doing. And as we increasingly rely on digital resources, both in the office and in our personal lives, there is a rising number of opportunities to grow your circle. Here’s our guide to networking in a virtual world.
Social media is quickly becoming one of the most critical aspects of digital marketing. Consumers are choosing to migrate from traditional means of sharing and receiving information to using social media as their primary way to communicate.
Profitable franchise units don’t spring up overnight. But there are certainly some tips and tricks you can take on board to help you reach your most ambitious business goals.It’s one thing to follow your dream of becoming the boss, but another thing to turn your passion into .
The franchisor and franchisee relationship can be complicated and challenging to manage. In some respects, the and franchisee want the same thing. If the franchisee succeeds, the franchisor receives a more substantial royalty fee.
If you’re interested in taking your business to different territories, you’ll need to know how to effectively prepare your franchise for international expansion. Many franchisors are concerned about the impact of launching their business in faraway places and appointing strangers to oversee it.
Becoming a franchisee enables investors to be business owners without having to set up a brand from scratch and risk financial instability with a brand-new business model. So, it’s no surprise that running a franchise tops the priority list for savvy entrepreneurs all across the world.
There are many reasons why budding entrepreneurs turn to franchising to start their own business. However, increasingly prospective franchisees are turning to the as a way to work with their loved ones.
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