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Franchise Operations
A restaurant owner talks to the head chef during a meeting

How to Do Ongoing Franchisee Monitoring Right

As franchise owners, you know that franchisee engagement can have a material impact on the bottom line. A study of 300 brands from Franchise Business Review and InGage Consulting found that engaged franchisees are 3.7 times more profitable than non-engaged franchisees.

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Automotive Franchises: Sample Objectives and Key Results (OKR)

Automotive franchises make a significant impact on the economy. According to IBISWorld, there are 263,000 auto mechanic businesses running in the U.S., with industry employment counting over 500,000. Although the changing landscape is affecting these businesses, they are still making a meaningful contribution to the economy.

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Adapting Your Restaurant Franchise’s Menu for Global Success: Why It’s Essential

If you want to expand your restaurant franchise and reach a global audience, you must adapt your menu accordingly. Updating your menu items when you open locations in other countries is essential for your restaurant’s long-term stability and success. With the right strategy and tools, you will boost your revenue and brand familiarity.

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How To Onboard New Franchisees For Ongoing Success

The most successful brands recognize that new franchisees require dedicated support to ensure a successful launch and help them thrive during the first year of business. No matter how strong an onboarding program is, plenty of factors can lead to a rocky first year: undercapitalization, general inexperience, and a lack of well-rounded skills.

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Troublesome Transactions: Understanding the Top 4 Challenges Facing Initial Franchise Fee Collection

As a franchisor, collecting an initial franchise fee can be a critical factor in your success – yet it isn’t always as straightforward and simple as you might expect. Despite planning to collect all relevant fees at designated intervals, there are common issues that arise during the process of collection – packet delays, delayed payments, or non-payments by some franchises. To help equip you for managing these challenges efficiently and effectively, here we discuss the 4 most problematic issues franchisors face with initial franchise fee collections and how best to approach them.

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The Power of Effective Communication Between Franchisors and Franchisees

One of the crucial factors that contribute to the success of any franchise lies in building and maintaining a strong relationship between the franchisor and the franchisee. Open communication and trust are the pillars that support a successful franchising model. Effective communication is essential to creating a strong foundation for franchise growth. It is an effective tool that can help both franchisors and franchisees understand each other’s priorities, challenges, and expectations for the future. In this blog post, we will discuss the importance of effective communication between franchisors and franchisees, and how to establish open lines of communication and trust.

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