by Tracey Leak | Nov 29, 2016 | 101 Tips, Franchise
If you have ever read a wealth creation book, they will probably have written in it somewhere that your current net worth is probably within about 10% of the average of the five people that you associate with the most. I want to use that same thought, but in your...
by Tracey Leak | Nov 22, 2016 | 101 Tips, Franchise
I know this might seem like a weird tip, but I’ve found those franchisees that are happy and enjoying their business journey are generally more profitable – which of course is the purpose of having a business. At conferences, I see a lot of grumpy franchisees. ...
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...
