Growing a Franchise Articles
Growing your franchise is important for the survival and economic well-being of your business. One way of growing a franchise is to expand your market and or get new customers. However, the customers you already have can be a better and more cost-effective option for increasing your immediate sales, as they are already buying from you. Another option is to acquire more business through business acquisition where you buy another franchise or competitor.-
The importance of a great testimonial
The importance of a great testimonial
Word of mouth is a powerful thing. It’s more powerful than a double page spread and even a slot on primetime TV. The difference between a... -
How to avoid franchise owner burnout
How to avoid franchise owner burnout
Avoid franchise burnout and stay in the race ! Working long hours when you're a newbie franchisee is far from unusual. While it&... -
Exporting your business or franchise system
Exporting your business or franchise system
More and more New Zealand franchisors and non-franchised business are investigating exporting their businesses in a franchised or licensed format ... -
Top budget tips for franchisees
Top budget tips for franchisees
The two biggest financial hurdles for first-time franchisees are: 1. finding the capital to start, and 2. surviving the start-up years. ... -
Boosting your post Christmas retail franchise sales
Boosting your post Christmas retail franchise sales
Boosting your retail franchise sales after the Christmas rush In the retail franchise sector, the holiday period is a real rush – it’s ... -
How to get paid on time and keep cash flow positive
How to get paid on time and keep cash flow positive
Positive cash flow is critical for any franchise business to stay afloat. Even if business is good and sales are up, if you’re not getting p... -
Be a franchisee success
Be a franchisee success
How to succeed as a franchisee... and be a franchise success! Even with the security of a franchise system behind you, being a successful franc... -
Improve your franchise business using KPIs
Improve your franchise business using KPIs
Using KPIs to improve the performance of your franchise Every franchise business should have a business plan and strategic goals. But it shouldn&... -
How your franchise business can learn from failure
How your franchise business can learn from failure
No one sets out to fail, but the reality is a number of new franchises owners will. However, failure can be a great teacher and, if you are quick ... -
How to make the most of business downtime
How to make the most of business downtime
All businesses, including franchise businesses, have downtime. Depending on what business you are in, it could be the winter months, it could be t... -
Expand your business by franchising
Expand your business by franchising
Are you planning an expansion strategy? Franchising can be a great way to upscale your business fast, but whether it’s the right strategy f... -
Harnessing franchise brand ambassadors
Harnessing franchise brand ambassadors
How to harness the power of your brand ambassadors There’s no doubt the right celebrity can make anything look sexy, and sexy boosts sale...