by Tracey Leak | Nov 15, 2016 | 101 Tips, Franchise
A common problem with franchisees is that they are just not organised. Often times they are running around trying to do everything themselves and not being very effective at it. Even if they do have a team, they are under-utilising them and this shows in the results...
by Tracey Leak | Nov 8, 2016 | 101 Tips, Franchise
With franchisees, in particular newer franchisees, I find that marketing is the big topic because it is always ‘How do I get more customers?’. The challenge I find with most franchisees – new and existing – is that their marketing efforts are very much...
by Tracey Leak | Nov 1, 2016 | 101 Tips, Franchise
The best thing about franchise is that you can talk with all the other franchisees. The worst thing about a franchise is that you can talk with all the other franchisees. Yes, it is a double edged sword. Talking with other franchisees and learning from them is one of...
by Tracey Leak | Oct 25, 2016 | 101 Tips, Franchise
When a franchisee is looking to increase their profit margin (the percentage of your turnover or revenue that is yours to keep as profit), the first thing they think to do is to cut all costs. Sometimes they go so far that they are actually decreasing the chance of...
by Tracey Leak | Oct 18, 2016 | 101 Tips, Franchise
If you and I were in business together and maybe even we are in business with another person as well, do you think that every week, we would sit down and have a meeting about the business as the directors of the business? We would have an agenda, things we need to...
