Franchize Consultants
New Zealand Franchising Consultants Firm
It is important for a franchisor to know how franchisees feel individually and collectively. This is important because franchisee satisfaction has the power to help build or destroy a franchise system, depending on whether it is positive or negative. Much, of course, should be done throughout the year in personal interactions and otherwise to know …
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 …
Franchisee business planning resulting in agreed objectives is a key process franchisors need to develop and sustain performance. Today more than ever, effective franchisee business planning needs to be at the centre of the franchisee-franchisor journey and relationship. Franchisee Business Planning Training for Field Managers Franchisee business planning is about a shared focus toward optimising …
KEY HIGHLIGHTS Franchisors and Service Providers report a mixed sentiment with decreasing confidence in general business conditions. Availability of suitable staff remains a key challenge. Franchisor sentiment for access to suitable locations drifted slightly in April, whilst Service Providers confidence increased substantially. Franchisor and Service Provider sentiment towards franchisee sales levels lifted to remain an …
The Franchize Consultants’ January 2018 Franchising Confidence Index demonstrates cautious sentiment. Key highlights include: The latest results indicated neutral franchisor (net 3%) and Service Provider (net 0%) sentiment toward general business conditions. Franchisor growth prospects dipped slightly (net 23%), down 5% from the previous quarter. Service Providers reported similar sentiment movement at net 0%. Franchisors sentiment …
Franchize Consultants were delighted to be a sponsor of the 2017 Survey of New Zealand Franchising. Conducted by Massey and Griffith Universities on behalf of the Franchise Association of New Zealand. Franchising New Zealand 2017 Survey New Zealand franchising needs up to date information, particularly the quantification of franchising\’s total size and contribution. This information …
KEY HIGHLIGHTS Franchisors and Service Providers demonstrate a strong shift in confidence levels, with changes prevalent in sentiment toward general business conditions and growth prospects Availability of suitable staff along with suitable locations showed increased sentiment. Previously these were viewed as key challenge areas. Franchisor sentiment towards franchisee sales levels dipped, although remains strong. The …
KEY HIGHLIGHTS Franchisors and Service Providers demonstrate a continued increase in confidence levels across many areas, particularly, general business conditions, franchisee sales levels, and franchisor growth prospects. Both Franchisors and Service Providers were positive in their outlook for general business conditions. Availability of suitable staff were a standout challenge, and positivity toward franchisee profitability levels …
So why do companies franchise? And is franchising for mainly cash-strapped, but ambitious small businesses? 20 years ago this question was something I dived into for my Masters of Commerce thesis. 10 NZ-founded franchise systems varying in sector and size provided their motivations – many of whom have now grown into large national enterprises. It is always …
KEY HIGHLIGHTS Responding Franchisors and Service Providers demonstrate a positive outlook overall in the areas of general business conditions, franchisor growth and franchisee profitability. Concerns emerge for key growth enablers, including access to finance, access to suitable franchisees and availability of suitable staff. Whilst the numbers show a decline, both franchisors and service provider comments …