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Franchising is a massive learning curve and a completely different business that needs to be mastered. Franchising is having a moment. During the economic disruption caused by the pandemic, the franchise business model has proven attractive. It is a less capital-intensive and more diverse way to scale a business concept. As a result, the U.S. and Canada are currently seeing
Most Franchisors Fail to Scale Because They Don’t Realize This Read More »
Welcome to the 3rd part of our series on who should be your first key hire to help you scale your franchise business. In Part 1, we went through what you, as the franchise founder, need to think about in terms of what you should not be doing inside your company as you expand. In
Whom Do I Hire Next: a Franchise Salesperson or a Business Development Coach? Part 3 Read More »
Franchise Founder: which one are you? In the pursuit of making the right first hire as an emerging franchisor, my last blog post was focused on identifying what tasks you, as founder, do not like doing, are not good at, yet are necessary to drive your company’s economic engine. That is always my starting point
Whom Do I Hire to Help Scale My Franchise Business? Part 2 Read More »
Find out who to hire in 4 easy steps One of the most frequently asked questions I get from emerging franchisors is: Who is my next franchise hire? Recently, I had a conversation with a client who had just reached her 11th franchisee. She had been stuck at five franchisees for a long time,
Franchisors Ask: What Role Should I Hire for Next? Part 1 Read More »
Most new franchisors underestimate how much money they need to franchise their business Back for Part 2 of the most common question we get when it comes to starting a new franchise system, and, I might add, the most misunderstood concept of franchising at this stage. We have come to realize that the topic of
How Much Does It Cost to Franchise My Business? Part 2 Read More »
Here at the Franchise GrowthLab, we do a lot of work with franchise start-ups. By far, the # 1 question we get from franchise founders is how much does it cost to franchise my business? If you do a search, the answer ranges from between $10k to $500k. So, I thought it was time
How Much Does It Cost to Franchise My Business? Part 1 Read More »
John built one of the fastest growing and best operated franchise systems in the country before he exited in 2019 by being highly disciplined in using Verne Harnish’s Rockefeller Habits checklist. Through his experience and his learnings from other best in class franchisors, he adapted this list specifically for the franchise industry.
The Top 10 Habits checklist provides the 10 most important functions that should be on autopilot for your franchise business to grow and scale predictably and smoothly.