CREATING SUCCESSFUL FRANCHISEES

CREATING SUCCESSFUL FRANCHISEES

Friday Focus 2 – KPI’s Important from day 1

    I wish I had known that I had to plan how to exit my business before I had even entered.  AND why knowing my key performance indicators (KPI’s) from day one was so important.   As a new franchisee I didn’t realise that my time in my franchised business was measured in blocks of time.  The length of the store lease.  The length of the franchise agreement.    When you buy your franchised business you think you are […]

Episode 4 – Salena Knight

Selena Knight The Retail Biz Strategist   Selena Knight is the Retail Business Strategist, but this was not always the case. Selena started life as a Tree Surgeon. As her business grew she found herself managing teams of people eventually managing over 100 contractors. Eight years ago Selena ventured into retail and opened a retail store selling baby and children’s products. Selena’s passion now is to create a vibrant and supportive community for retailers. With so much information freely available […]

Do you have a KPI dashboard in store?

Key Performance Indicators are the drivers for your business. There are a lot of similarities between a business journey and a road trip. Every business needs a map, which we call a business plan, directions, which we call the budget, and an idea of your current location, which we call Key Performance Indicators. Key Performance Indicators, or KPIs, essentially become the GPS of your business.

How to Train Your Management Team

Do you struggle with your team’s productivity? One of the most common complaints I get from my clients is “My team just does not do what it is supposed to do!” I used to own a hospitality/retail business, a franchise actually, and I never had a moment to myself. I was always at the store making sure everyone did what they were supposed to do. Is this something you have said? It certainly is frustrating when things go wrong constantly […]

10 Most Helpful Reports in Accounting Software

When you own a business it’s all too easy to be caught up in the day-to-day running of the business. You find yourself working in the business, not on the business. It is tempting to stay in the comfort zone of the day-to-day rather than face the reality of the business by researching your reports. But the only way you can truly know how your business is going is by checking your back-of-house reports to find your Key Performance Indicators. […]

3 Steps to Predicting Your Sales

Being in business means that you are always budgeting. This includes forecasting your sales and identifying your Key Performance Indicators (KPIs) so that you can start to prepare the budget. Good news though: once you have your budget, you have targets for your team to meet so it is worth the pain. But, boy, oh boy – where do you start? Here is a three-step method to predicting your sales.

Episode 3 – Warren Ballantyne

Warren Ballantyne Franchisor – GutterVac Warren Ballantyne is the founder, owner and managing director of Gutter-Vac – the world’s first and largest gutter cleaning franchise; revolutionising the gutter cleaning industry. Warren invented and developed the gutter vacuuming technology in 1995 and commenced franchising in 2000. Gutter-Vac now has around 70 franchises across 7 Australian States and Territories and has expanding its franchise system into North America (launch was July 2016). Warren is also the founder, owner and managing director of […]

Friday Focus 1 – What are KPI’s

Friday Focus What are KPI’s Friday focus is a short 10 minute episode that gives you something to focus on in your business. Today is Key Performance Indictors – KPI’s. Listen in to how Elizabeth used KPI’s to improve the profitability of her business Selected Links For This Episode http://franchiseesuccess.com.au/sign   For your FREE E-course click on the link http://www.franchiseesuccess.com.au/wish

Episode 2 – Jane Lombard

Jane Lombard Franchisee; Franchise Broker ABOUT JANE LOMBARD Jane Lombard offers many years of experience from all aspects of the franchise industry. Over the last 16 years, Jane has owned and operated 4 franchised businesses and currently runs two. Jane’s current franchised businesses are Fifo Capital – which provides cash flow solutions to business through invoice finance and The Franchise Shop a franchise consultancy that works to develop businesses into franchises and assist in franchise recruitment. As a Fifo Capital franchisee, […]

Episode 1 – Paul McAllister

Paul McAllister Becoming a Franpreneur Paul bought his first franchise, a Boost Juice, in 2002.  On opening day he had just $20 in his bank account as he had thrown all his savings into purchasing his first store.  He soon grew his empire to own three Boost stores in Western Australia, Garden City Shopping centre  (Borragoon), Carillon City Perth and Karrinyup Shopping centre.  Paul won Boost Franchise Partner of the year in  2007 and was the first franchisee inducted into […]

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September 25, 2016

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