Expert Advice
We know that timely, professional advice is crucial to
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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.
Authenticity Is the Key to Recruiting Veteran Franchisees
Franchisors talk a lot about wanting to recruit more veterans to become franchise owners, and for good reason: Veterans make awesome franchisees. Many franchises consider veterans among their ideal franchise candidates. The same character traits that help...
Actionable Trends in Franchising Entering 2022
This time of the year the multi-unit and multi-brand owners I advise on their growth strategies are winding down the current year and call to ask what the actionable trends are coming up in the next year that they should be positioning their investments for now....
Navigating the Labor & Supply Chain Shortage: How to Rethink Your Restaurant Franchise Operation
During the pandemic, restaurants did the proverbial “pivot” out of necessity to survive, from navigating lockdowns to implementing new health and safety protocols to following mask mandates. The constant disruption and current societal landscape has been difficult for...
Restoration Solutions Help Restaurants Cut Costs
As restaurant operators continue to cope with the financial fallout from the pandemic and global supply chain issues, they are turning to restoration solutions to help bolster customer traffic and improve their bottom line. Falling COVID numbers and the rollout...
How To Determine The Current Value Of An Existing Franchise
Owning a franchise is often an attractive option for entrepreneurs. Factors such as brand awareness, corporate training, and franchise purchasing power are a few of the benefits that seemingly give franchisees a leg up over individual business owners. With that said,...
Why Food Franchises Are an Easy To Swallow Business
Let’s try something — close your eyes and think of franchises in your community. Chances are, you may have McDonald’s, Subway, Burger King, or Chick-fil-A come to mind. More than likely, your list contains several food franchises, if not these very ones we’ve listed...
Owning a Franchise: Five Challenges to Consider
It’s a dream of millions of Americans: Running your own business. In fact, in 2020, ambitious people launched a record 800,000 new U.S. companies, capping a decade of steady growth in new business starts. That increase in business starts clearly underscores the appeal...
Critical Questions to Ask about Your Business as the New Year Begins
A new year is beginning. Many of us are making resolutions about what we would like to accomplish in the coming year. Making plans is critically important. But I would encourage you to engage in another activity too . . . ...
Using PR to grow your franchise development funnel
There is no shortage of information written about partnering with a franchise public relations agency to increase your leads and point prospective franchisees toward your sales funnel. But there is one PR strategy that I recommend if your franchise wants to blow away...
Franchise Sales Index Update Showed Impressive Sales Gains and Efficiency in Third Quarter of 2021 – What Your Brand Should Be Doing Now to Capitalize
Every year, FranConnect compiles a data-driven report analyzing the state of franchise sales. This annual Franchise Sales Index Report is based on anonymized and aggregated performance data from over 600 franchise brands and gives insights into trends and franchise...