FranConnect Blog

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Jul 19, 2017

Making the Most of Discovery Days

While researching for this blog post, I came across the same basic description for ... Read More

While researching for this blog post, I came across the same basic description for franchise discovery days over and over again – an opportunity for candidates and franchisors to learn more about each other. According to this article in Entrepreneur, discovery days have four main purposes:

Jun 28, 2017

Why Sharing Franchisee Financial Statements is ...

If you’re already franchising your business, you probably – hopefully – know what a chart ... Read More

If you’re already franchising your business, you probably – hopefully – know what a chart of accounts is. “Chart of Accounts (COA) – a financial organizational tool that provides a complete listing of every account in an accounting system. An account is a unique record for each type of asset, liability, equity, revenue, and expense.” Each account is then broken down into subcategories.

Jun 21, 2017

Engage candidates during every stage of the ...

Franchisee engagement is a hot topic. We’re seeing a progression away from the rule ... Read More

Franchisee engagement is a hot topic. We’re seeing a progression away from the rule enforcer/disciplinarian franchisor-franchisee relationship toward one that places the franchisor as a mentor, teacher, or business advisor. After all, your success is dependent on that of your franchisees.

Jun 14, 2017

Evaluate Your Franchise Recruitment Website

FranConnect has been a long-time partner of the International Franchise Association and ... Read More

FranConnect has been a long-time partner of the International Franchise Association and Franchise Update Media to score franchise recruitment websites based on a set of best practices. Here you will find our most recent findings for franchise development performance using a franchise recruitment website as the main tool for driving leads.

May 24, 2017

Three franchise field operations models for ...

The success of your franchise depends on the success of your franchisees. Key to this ... Read More

The success of your franchise depends on the success of your franchisees. Key to this success is partnering with the right people and focusing on franchisee engagement, but equally important is the support your field operations team provides to your franchisees from day one. As defined in an article in Franchising World, “Franchise support is the mechanism by which the intellectual property of the franchisor is transferred to the franchisee for the purpose of replicating the success of the business model.”

Mar 10, 2017

3 Steps to Improving Franchisee Engagement with ...

In our ever-so-connected world of 24/7, the franchisor-franchisee relationship is in the ... Read More

In our ever-so-connected world of 24/7, the franchisor-franchisee relationship is in the midst of powerful change. More than ever, franchisors are focusing on the collaborative mindset that must be present for both parties to experience mutual success. And many are turning to powerful analytics and business intelligence tools. Just imagine how franchise leaders can impact franchisee engagement in our data-driven, digital world.

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