Franchisee Business Planning - Best Practice #6 We regard franchisee business planning as a critical franchise system management process and it is a process with references in many Franchise Agreements. Yet, not many franchisors encourage or engage in comprehensive franchisee business planning with all of their franchisees. In other best practice points we talk about a Leadership Focus on Franchisee Profit. Franchisee Business Planning is …
Resources & News
Got a question that can’t wait? Give us a call, we’re happy to have an informal chat 09 523 3858.
Comprehensive Franchise Advisory Council Constitution
Comprehensive Franchise Advisory Council Constitution - Best Practice # 5 Franchise Advisory Councils (FACs) are an important communication form and mechanism for developing a co-operative franchise relationship. Operating well, FACs can strongly contribute to good franchise relations and an advancing business model for franchisor and franchisees alike. FACs, however, often vary in their effectiveness from both a franchisor and franchisee …
Regular Franchisee Satisfaction Surveys
Regular Franchisee Satisfaction Surveys - Best Practice # 4 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 should be done throughout the year in personal interactions and otherwise to know where franchisees are at. But nothing …
A Common Chart of Accounts for Franchisees
A Common Chart of Accounts for Franchisees - Best Practice #3 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. This practice should also extend to other financial and …
Up-to-date Franchise Manuals
Up-To-Date Franchise Manuals - Best Practice #2 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 manuals …
Leadership Focus on Franchisee Profit and Returns
Leadership Focus on Franchisee Profit and Returns - Best Practice #1 This is something which we have written and spoken about a lot. Franchisee profit is a principal focus in our work with would-be or established franchisors, when evaluating a company contemplating franchising or reviewing an established franchise system. The crux of the point here is that a franchisor needs to understand and help franchisees drive performance …
Franchize Consultants Launch Franchising Best Practice 500
This is a new series of franchising best practices. Franchize Consultants is sharing and publishing these best practices weekly for the betterment of franchising. We know that better knowledge and execution of franchising best practices leads to bigger and more valuable franchisor and franchisee businesses. About the Franchising Best Practice 500 Series We have termed this series the Franchize Consultants’ …
Franchising and Licensing a Business Events
Franchising and licensing a business can be a very successful way of growing and improving an established business. Find out more in one of three dedicated sessions in Auckland, Wellington and Christchurch. The sessions for ambitious business owners are organised by Franchize Consultants, in association with MYOB and Westpac. For more information, or to book a place call or email Kayleen Smith: Telephone. 09 523 3858 Email. …
Franchisors Report Mixed Sentiment
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 …
Franchising Starts 2018 With Subdued Economic Outlook
The Franchize Consultants’ January 2018 Franchising Confidence Index demonstrates cautious sentiment. Click [here] for a copy of the full report 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 …