Expert Advice
We know that timely, professional advice is crucial to
making smart business decisions.
Our Expert Advice Articles are written by industry leaders with proven experience in the franchising sector. Our experts cover financial, accounting and legal issues in addition to sound business strategies to help you succeed.
State of Franchising 2023
Twice a year we invite over 100 franchise brands to send their best people to brief us on the state of their business. Mid July we had 126 brands brief us, over 300 franchise professionals represented those brands. Here are some of my takeaways. My clients get a...
Franchising in 2023 – Fewer Risktakers, but Still Some Experimentation
As a franchise coach, it is important for me to keep my eye on the latest developments in franchising across various industries. Over the past year and a half, various factors that affect businesses and the economy have created a more uncertain atmosphere for...
How do we select great locations?
Site selection is like a tug of war. On one side are all the good things you are looking for, and on the other side is the rent (or purchase price) being asked. We can all secure fantastic sites if we pay outrageous prices, and we can all get poor (and cheap) sites,...
Getting Approved
So, you found a franchise you want to buy. But has the franchisor offered it to you? Typically, that doesn’t happen until the end of the investigation process and after an approval meeting involving everyone you spoke to and the executives at the franchisor. I have...
Building a Lasting Legacy in the Restaurant Industry
In the dynamic and fiercely competitive restaurant industry, building a brand that withstands the test of time requires a unique blend of vision, passion and innovation that extends beyond menu and the dining experience. Concepts are constantly being created,...
7 Steps to Achieving Success in AI Implementation
As the business landscape evolves, franchise owners recognize the immense potential of integrating artificial intelligence (AI) technology into their operations. However, successful AI implementation requires a strategic approach that considers stakeholder concerns...
Franchise Strategy
When I started working in my family’s oil change franchise, I was trained on how to execute the operational standards required to succeed. I only learned about the term strategy when I joined the corporate world working for franchisors. Essentially, like playing a...
Five Keys to Being a Top-Performing Franchise System
What are the keys to being a top-performing franchise system? We have to remember that first and foremost, franchising is a business model and regardless of the product being sold – a restaurant, a fitness center, etc. – certain principles and practices create a...
The Top Franchise Trends Shaping the Market
Franchising has continued to thrive post pandemic and in both good and bad economies as a popular business model that offers entrepreneurs a proven framework and established brand to build their own successful ventures. The franchise industry continues to evolve,...
Understanding Claims of Joint Employment and Employment Misclassification
A fundamental aspect of any franchise system are the relationships between and among the franchisor, the individual franchises, and the franchisees’ workers. Two different but similar legal claims seek to impose additional burdens and obligations on franchisors by...