Tip #64 – Increasing your profit margin

Tip #64 – Increasing your profit margin

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...
Tip #75 – Weekly Directors Meeting

Tip #75 – Weekly Directors Meeting

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...
Tip #5 – Attend Conference

Tip #5 – Attend Conference

Out of every tip I am giving you in the book, I think this one is the biggest tip I can give to any franchisees – go to conference! The thing is, it isn’t just about going to conference for the conference content.  Although that is really important too and vital...
Tip #27 – Ask for help

Tip #27 – Ask for help

With so many franchisees in a group, it is not that the franchisor and the head office team don’t want to help you, sometimes it is simply they don’t know you need help. I live on the Gold Coast in Australia where we have some of the most beautiful beaches in the...
Tip #40 – Using Scripts

Tip #40 – Using Scripts

Every good franchise will have scripts.  Be it to answer the phone to taking orders to how to do a sales appointment.  The thing with scripts is to remember firstly, don’t read them!  The second thing is to put a little bit of you into it. Add some tonality to your...