This is a hot question I often get asked.... and I first start with my own questions in reply
So why franchise? What is your driver to travel this journey?
I ask these questions first because it matters. Look at the following replies and see if any of them is you:
Franchising can certainly deliver on all these reasons.
So when is it the right time to franchise your business?
Business data is very important, and reviewing this data is crucial to business success.
An example of this happened to me this week. A client had lower than expected sales for last month. Why? He had no idea.
For me, this is no good, we need to know why. Is it a trend? To solve this I suggested he looks at the following data.
The result was more Orders were being received, so the business was busier, but the Order value was lower. Why? Looking at the top 20% Jobs from the previous periods showed a decline in Orders from the top...
This simple system can be used for all types of projects to help get your desired outcome.
Developing internal business systems is also why franchising works so well. It turns a desired outcome into a system, and the people work the system.
I break project work into five steps:
As the person ultimately accountable for the project to be delivered ontime, you may be involved (or at least approve) the five steps at the beginning. Then use the milestones and timeline to help manage the project.
The exciting thing here is all team memvbers involved have complete transparency and can see where additional support may be required.
As an example... I have recently created a 29 step 10 month plan for a...