Franchise Business Review’s Post

When evaluating a franchise, where can you look for clues to see if the business model works? There are several places…🕵️ 💡 Item 19 (Financial Performance Representation) and Item 20 (Outlets & Franchisee Information) in the Franchise Disclosure Document (FDD) offer insight into how the units offered by the franchise have performed in the past, and how many have opened and closed over the past 3 years. 💡 Once you’ve reviewed those sections of the FDD, talk to the current franchisees. In addition to asking about the quality of the franchisor’s support and training, end each conversation by asking the franchisee if they would do it again. Please watch the video for more information. 😀 Happy Monday! #franchising #franchiseopportunities #careertransition

The 2023 Franchise Index Report powered by FranConnect has been the definitive go-to guide for franchise sales over the last eight years. Keith Gerson, CFE presented his findings in March of 2023, but they still hold true for your franchise sales endeavors! Key takeaways include: - Uncover the key drivers and barriers for franchise sales in 2023 - Learn how your brand is doing compared to a baseline of other franchise systems within your industry - Gain Insights into the best sources for leads that convert at the highest rates - Find out the tactics that can increase your lead-to-deal conversion rates by 2X - Discover the hottest sectors and categories for franchising and review those that are not built for franchising success Watch here: http://ow.ly/y8TJ50Nvk68 #franchising #franchisedevelopment #franchisesales

If you are a Franchisor, you will find some valuable insights in the 2023 Franchise Index Report powered by FranConnect - the definitive go-to guide for franchise sales 

Franchising has been on the rise for years, and for good reason. According to a recent survey by Franchise Business Review, 95% of franchise operators who have been in business for five years or less enjoy being a part of their franchise organization. This statistic is a testament to the success AND fulfillment that franchising can bring. If you're considering starting a business, franchising might just be the way to go. #Franchising #SmallBusiness #Success #Fulfillment

The Sales Index has identified the most effective KPI’s to drive the franchise sales process. These KPIs are baked into the Franconnect platform and a reason why Franconnect customers who use our data-driven franchise sales process grow 40% faster than non Franconnect customers. 40% is pretty amazing. I want to see anyone elses’s AI do better than that 🤷🏻♂️ Experts > AI > Genral Sales CRM. #dataanalytics #optimization #franchisedevelopment

In the world of franchising, success is not just about expansion, but also fostering a culture of innovation. Successful leaders empower their franchisees to think creatively and contribute to the growth of the entire franchise community. #franchiseleadership #innovationculture #franchisesuccess #leadershipcoaching #franchising

Did you know that there's a big secret hidden in the flourishing world of franchising? Aicha Bascaro, the President of the American Franchise Academy reveals the eye-opening truth about the crucial separation between franchisee and franchisor support. Learn more: https://bit.ly/3QhyHlv #BusinessGrowth #SuccessionPlanning #Franchising

Considering a franchise journey involves evaluating key aspects: the ability to follow established processes, financial readiness and understanding funding options, the strategic timing for a franchise move, and confirming the current availability of the desired franchise.  Together, these factors serve as the pillars guiding the assessment of stepping into the field of franchising.  #franchising #business #franchisingpodcast