FranConnect Blog

Stay up to date on the latest news from FranConnect

Ian Walsh

Feb 5, 2021

How Franchisors Can Refine their Value ...

Quick. In three words, define your franchise opportunity. Read More

Quick. In three words, define your franchise opportunity.

Nov 24, 2020

How the Economic Changes of 2020 Have Impacted ...

While coronavirus-related uncertainties remain, it’s clear that many businesses will be ... Read More

While coronavirus-related uncertainties remain, it’s clear that many businesses will be forever changed. For example, according to Gartner research, an estimated 82 percent of company leaders plan to let employees work remotely post-pandemic — at least some of the time — potentially reducing the demand for downtown franchise locations near central business districts. At the same time, real estate may be increasingly available and more affordable in the months to come, giving franchise brands additional opportunities for new locations. Together, these factors may prompt franchise brands to rethink their real estate strategies.

Oct 14, 2020

Making Discovery Days Virtual: 3 Critical Tips ...

In the franchise world, discovery days are critical to evaluating potential franchisee ... Read More

In the franchise world, discovery days are critical to evaluating potential franchisee candidates. These events give you the opportunity to qualify each prospect, help him or her learn more about the business, and make a good impression — ultimately driving a final sales decision: Will you both agree to seal the deal?

Oct 7, 2020

Introducing Franconnect's Conversational AI ...

Today we announced our partnership with Lumin.ai to integrate conversational artificial ... Read More

Today we announced our partnership with Lumin.ai to integrate conversational artificial intelligence (AI) into the FranConnect platform. Whether this makes perfect sense to you, or you're not even sure what AI means, let's take a few minutes to talk about what it is, why we are doing this, show you a preview of how it works, and explain why it's different than other AI solutions in the franchising world.

Aug 18, 2020

The Pulse of the Franchise Industry: New Survey ...

Earlier this month we completed a survey of 200+ franchisors to gauge the current state ... Read More

Earlier this month we completed a survey of 200+ franchisors to gauge the current state of the franchise industry relative to the impact of the COVID-19 pandemic. Participants provided insight into a wide variety of critical topics, from franchise development to unit operations to core financials such as cash flow and royalty management. The results of the survey can help franchisors understand how they stand in the face of the pandemic relative to peers across the spectrum and within their industries.

Aug 10, 2020

Stepping Back Out into the Franchising Industry’s ...

The pandemic has robbed us of so many things we value in our personal and professional ... Read More

The pandemic has robbed us of so many things we value in our personal and professional lives. One of the things I’ve missed most these past 5 months is attending live events of all kinds, including in-person conferences. Whether it’s the professional development, making new connections via networking, or just getting re-charged in my career, in-person events play a unique role in our society.

May 4, 2020

The State of Franchising Today – What We Didn’t ...

In late March, as most States were entering their 2nd week of shutdowns, we surveyed 233 ... Read More

In late March, as most States were entering their 2nd week of shutdowns, we surveyed 233 franchise leaders to quantify and assess the impact to their businesses. The resulting data showed exactly how quickly and directly the impacts were rippling through the entire franchising world, spanning everything from business closures, to the impact on franchise sales efforts. Participants represented 8 industries: Quick Service Restaurants, Business Services, Personal Services Residential/Commercial Services, Real Estate, Full-Service Restaurants, Hotel/Lodging, and Retail Food Products & Services.

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