“The significant problems we face cannot be solved at the same level of
thinking we were at when we created them.” -Albert Einstein
In my previous post, titled “Designing a Process for Awarding Franchises
– Part 1: Leadership”, I looked at the notion of how designing a process
of awarding franchises has to start with prioritizing around the
characteristics that your franchisees should have. Without fist hashing out
this issue, it will be largely unproductive to tactically begin putting
together a process that can be managed. For example, creating a system for
“selling” franchises to individuals with no prior business ownership nor
franchising experience is much different than creating a system of
segmenting, targeting, and positioning your franchise to individuals and/or
organizations who fit certain characteristics that you have pre-defined.
Both of these ph... (more)
As a follow up to yesterday’s post about effectively managing lead-flow,
I’ve posted another video showing what I’ve found to be very useful and
effective tools for lead generation. You might want to consider incorporating
Google Adwords campaigns into your repertoire for franchise lead generation.
The ability to target micro-channels and create highly relevant campaigns for
specific target markets, along with the powerful analytical capabilities and
budget options served up by Google Adwords makes it a no-brainer to
incorporate into your overall strategy. The benefits of Adwords... (more)
(Photo: source)
I came across a rather interesting question that was posed on Linkedin
yesterday which prompted this post. The question was “Which thesis about IT
within emerging franchise networks most appeals to you?” The author, Heath
Waldorf, is putting together a thesis paper and was looking for some insight.
I obliged….
Information Technology within franchise systems would appear to be a scarcity
judging by the lack of conversation on the topic. A few quick searches about
franchising and technology will pull up a handful of dated articles on
intranets (which are rapidly b... (more)
Like most companies in most industries, franchisors have plenty of moving
parts and pieces in their business. For instance, there are potential
franchise candidates to evaluate, real estate to analyze, franchisees to
train, and franchisees to support; not to mention all of the franchise
contracts, leases, and disclosure requirements to keep tabs on. Many
franchisors tout ” proven systems” as a main selling point or advantage
to becoming a franchisee, however a quick look under the hood would reveal
that many franchisors don’t have their own internal processes sorted out.
This ... (more)
Designing a process for effectively awarding franchises can be challenging.
There is both a management and a leadership component to doing it. You may
recall the image that Stephen Covey paints in “The 7 Habits of Highly
Effective People” whereby a group of Workers are fighting their way through
the jungle, wielding machetes and cutting through the underbrush while their
Managers stand behind them “sharpening their machetes, writing policy and
procedure manuals, holding muscle development programs, bringing in improved
technologies and setting up working schedules and compensat... (more)