Franchising Best Practice 500

Franchise systems need a common basis for understanding and comparing franchisee performance. A common Chart of Accounts is essential for these activities. A common Chart of Accounts is referring to the practice of having the same account breakdown for all revenue, expense, asset, liability and equity items across franchisees. This practice should also extend to …

Franchising is about the transfer of a successful business model and the protection of a valuable brand. Franchise manuals help formalise aspects of the business model, and thus include important information on how franchisees are to operate the business. Franchise manuals also help franchisees understand how they are to operate within the franchise system. Franchise …

Franchisee profit is a principal focus in our work, whether with would- be franchisors contemplating franchising or established franchisors reviewing or improving an established franchise system. Key here is that a franchisor needs to understand and help franchisees drive performance in a total sense; not just sales performance, but also profit performance – and profit …