Franchize Consultants will help you franchise a business
Contact us for a free no obligation meeting to discuss how to franchise a business or improve your existing franchise. Call 09-523 3858 our book online.
Franchise System Reviews
Every franchisor has a critical responsibility to lead their business in facing change head on. When you’re keeping up with the pace of change, your shareholders, franchisees, suppliers and customers all benefit.
Six signs your business is ready for a Franchise Review
1. You need help responding to changing market conditions.
Technology, the labour market, customer behaviour and competition are evolving constantly, bringing new opportunities and challenges. The onslaught of data points can be overwhelming to tackle on your own.
2. Current performance can be improved.
You might find your business’ current performance in financial, sales, processes or other areas is less than optimal, or inconsistent.
3. Franchisees aren’t reaching their potential.
Not every franchisee in any given franchise will be performing optimally, and some may resist necessary changes. This can leave the market open for competitors and frustrate franchisors.
4. Not every franchise is created equal.
Some systems may have franchised from a solid basis, others go ahead with little or no quality advice and find themselves ill-equipped for challenges which arise later. Even well-prepared franchises need upgrading over time.
5. You’ve identified a gap or a weakness in your system.
Inevitably, as your system grows and evolves over time, you’ll uncover an area that’s missing or needs improvement within its key structural dimensions.
6. Best practice has evolved.
What was best for your franchise business when you launched isn’t necessarily cutting-edge or even appropriate anymore. We’ve kept pace with franchising research and knowledge development, so you don’t have to.
It’s up to you what the franchise review and improvement programme will look like. We’ll tailor the outcome to your business’ specific needs and situation. However, all reviews will cover these questions:
What are the causes of any franchising challenges?
How closely does your business’ structure and management align with best practice?
What opportunities are there to improve?
What are the key recommendations and priorities going forward?
Whatever your stage or situation, we can help guide your next move. Call (09) 523 3858 or email us to arrange your free preliminary assessment. You’ll come away with a better understanding of how your business can reach its full potential.