The franchise industry is highly competitive. Jim Judy from Forbes Coaches Council writes that there are nearly 2,900 franchise brands out there. That’s 2,900 independent networks that can evolve into high-performative, self-supporting connected communities. To make that growth possible, franchise networks should embrace the culture of learning and communication. Sadly, most issues in the […]
Providing the right training for the franchise employees is a key element that leads to business growth that can be seen in many ways: productivity, quality, compliance with standards, employee retention rate, employee engagement, job satisfaction and overall growth of the business. Training and upgrading the owners’ and employees’ skills make a franchise business work, contributing to an improved brand image for the overall franchise, and proving that training is the best investment a business can make in itself.
Many franchise networks put all their attention to selling new franchises and expect existing franchisees to grow on their own. However, such strategy is known to produce fewer results in the longer term. There is a reason why there is a word “management” in the “franchise management” definition. Growing simply on the initial revenue generated […]