Archive for the Franchisors Category
Posted on January 24, 2012 by Brian Miller
The tightening of capital markets in recent years has engendered significant changes in the traditional franchise sales process where funding was discussed as the last step. The almost complete disappearance of investment capital for small businesses has resulted in a severe decline of franchise sales for many franchisors. Only those franchisors that responded to new [...]
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Posted on September 18, 2011 by Brian Miller
It was over 20 years ago when I first read Think and Grow Rich by Napoleon Hill., I have reread this life altering little book on many occasions, always discovering something new and relevant. One of the most influential concepts that this book brings forth is that of a “Master Mind Group” and its power [...]
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Posted on March 11, 2011 by Lizette Pirtle
Last month, Bob and I took a couple of weeks off to go to Ecuador. While we were there I had the opportunity to observe franchising in another country once more. It is always interesting to me to see the similarities and differences and what they mean to those franchising in other countries. As I [...]
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Posted on January 24, 2011 by Lizette Pirtle
Throughout my 20 plus years of experienced in franchising I have taken several sabbaticals. These times of rest away from franchising have been driven by different events in my life and have lasted from just a few weeks to several months. Underlying these times has been a sense of disappointment. Late last year this feeling [...]
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Posted on November 18, 2010 by Lizette Pirtle
There are an infinite number of reasons to franchise a business; however, people’s motivations for franchising can fit four main categories: Vision Skill Money Ego Vision encompasses those people who want to grow their business quick, yet lack the resources to do it with company-owned locations. They want to enter new markets and understand that [...]
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Posted on October 25, 2010 by Lizette Pirtle
During my first experience working in a franchising company I heard the voiced and common belief that franchisees are happy as long as they are making money. Now, after over 20 years of working in the franchise field, I know that the truth in this statement is not absolute. Although I also have learned first [...]
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Posted on September 28, 2010 by Lizette Pirtle
Gratitude is a positive emotion and a way of looking at the world that engenders a sense of well being. Studies have suggested that grateful people are happier, less stressed, and more satisfied with their lives and relationships. They are able to cope with difficulties in a more positive way, hence experience a sense of [...]
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Posted on September 20, 2010 by Lizette Pirtle
Many small business owners have strong grounds to consider franchising as an option to grow their businesses; yet there are also many reasons why some entrepreneurs should stop before they make the same choice. Following are three main reasons why you should NOT consider franchising your business. Underfunding Franchising is expensive to launch. There are [...]
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Posted on September 12, 2010 by Lizette Pirtle
A few weeks ago I commented on a colleague’s Facebook post agreeing with his argument to encourage franchisors to create and implement Social Media Policies and Procedures. A franchisee of an unidentified brand also made a comment enraged at the original posting and at my agreement with it. Her argument was that franchisors should worry [...]
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Posted on September 1, 2010 by Lizette Pirtle
Conflict is not pleasant, but it seems to be part of all relationships at one point or another. In franchising, if conflict is left unchecked it can escalate to the legal arena where communication no longer can heal the differences. Therefore, like it or not, we must deal with conflict and seek ways to resolve [...]
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