Growth
Discover ideas, tactics, and strategies to answer your questions on how to grow your franchise business. Franchisors, multi-unit franchisees, and industry experts share their ideas, programs, and success stories to help you build a strong franchise business.
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August 15th, 2018
RESOURCE SPOTLIGHT
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HigherMe was founded by a former multi-unit franchisee to optimize the hiring process. Our technology ensures you're hiring better quality candidates, reduces turnover and saves time and money.
Biggby Coffee South Carolina Multi-Unit Area Developer has a Plan for Growth.
- Multi-Unit Franchisee
- 934
Proper planning and insight, along with an additional brand, can help grow your portfolio and drive sales.
- Kendall Rawls
- 1,706
Dunkin' Donuts Unveils the Future with its 'Next Generation' Concept at Massachusetts Location.
- Multi-Unit Franchisee
- 6,967
Former Planet Fitness Multi-Unit Operator Signs on for 10 Crunch Locations in the Southeast.
- Multi-Unit Franchisee
- 2,558
Do You Know How to Project What Capital Requirements You'll Need to Accurately Fund and Meet your Growth and Development Schedule?
- Kendall Rawls
- 3,347
So you want to get financing to grow your business. What does your bank want from you in your loan proposal?
- Rod Bristol
- 3,081
Improve your lead gen through social media with these 4 useful tips
- Lora Kellogg
- 4,496
At Franchise Update Media we have made it our business for more than three decades to be the premier authority and resource for franchise information, education, and opportunities. Through our two magazines, three conferences, four newsletters, and content-rich website, we continue to bring timely, relevant, and useful news and information to franchisees, franchisors, and opportunity seekers.
- Eddy Goldberg
- 2,193
An international presence can add prestige to a brand, instill pride in employees and franchisees, and add to a company's bottom line. For franchisors going international, selecting the right markets and franchisees will greatly improve their chances of success. If not carried out correctly, however, this can also be a costly drain on a company's time, energy, and money.
- Kay Ainsley
- 1,955
By now, bitcoin has become a household word. The idea of a digital, unregulated "cryptocurrency" elicits strong responses. Some have heralded bitcoin as revolutionary. Others, such as JPMorgan Chase CEO Jamie Dimon, denounced it as a "fraud." But in January of this year, Dimon walked that comment back, and declared, “The blockchain is real.” Why the change?
- Joyce Mazero and William Sentell
- 2,306
China is hot, as is much of Asia. So is Latin America. Hot for what? For expansion-minded U.S. franchise brands seeking growth opportunities. In a trend that accelerated with the onset of the Great Recession, U.S. franchisors have been looking overseas with greater focus for the past three-plus years.
- Eddy Goldberg
- 16,080
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SPONSORED Open a Big Whiskey's American Restaurant & Bar® FranchiseBig Whiskey's American Restaurant & Bar® has become a legend in Missouri over the last 10 years. Now franchising to exceptional operators across North America, see how our formula with your skills & energy can start a new tradition in your city. |
As the American economy staggered in the last few years of the 21st century's first decade, many U.S.-based franchisors began to search for growth opportunities overseas, casting a serious eye at international expansion. And from overseas, foreign-based franchisors saw depressed U.S. real estate prices and increased availability of prime locations as an opportunity to penetrate the U.S. market and establish a beachhead with American consumers.
- Eddy Goldberg
- 11,299
Fazoli's Multi-Unit Franchisee Bringing the Brand's Second Location to the state of Arkansas.
- Multi-Unit Franchisee
- 2,091
A statistically based analysis of Roark's acquisitions shows more growth in unit revenues than in number of units
- Peter Schwarzer
- 2,709
Spanish Franchise Association GM Eduardo Abadia talks about franchising in Spain. The Spanish franchise market is healthy, growing, and receptive to new brands. But Abadia says there are some key guidelines that franchise brands must consider when coming to Spain.
- Spanish Franchise Association
- 1,996
Activity in the multi-unit space has been significant and growing for years, with seemingly all industry participants eager to get deals done.
- Dean Zuccarello
- 2,239
As you start exploring automotive franchises, you will learn that there are many things to consider in addition to which franchise brand you will invest in such as single-unit vs. multi-unit ownership.
- Emma Pearson
- 8,623
Effective succession planning can bring value to your business in the beginning as well as at the end.
- Kendall Rawls
- 2,083
Multi-Brand Operator Adds Russo's Restaurants To His Portfolio by Expanding the Brand's presence in 3 Texas Markets.
- Multi-Unit Franchisee
- 2,542
Thinking international? Here's how to choose the best countries for your brand
- Kay Ainsley
- 2,257
Heavy reliance on brokers at Floor Coverings International has changed the role of the development team.
- Richard Leveille
- 3,053
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SPONSORED Open a ProSource Wholesale FranchiseProSource is America's largest wholesale home improvement franchise; a truly unique B2B franchise model. Our owners enjoy strong cash flow with limited inventory, no retail hours and no installation services; along with exceptional franchisor support |
In his late 20s, Glen Johnson fell in love with the Tropical Smoothie Cafe brand. He moved quickly, and in just a handful of years expanded to 26 Tropical Smoothie locations.
- Sara Wykes
- 4,466
An international presence can add prestige to a brand, instill pride in employees and franchisees, and add to a company’s bottom line. For franchisors going international, selecting the right markets and franchisees will greatly improve their chances of success.
- Kay Ainsley
- 5,723
Capriotti's Sandwich Shop Multi-Unit Franchisee Partners Open New Store in Unique Non-traditional Location.
- Multi-Unit Franchisee
- 7,022
Franchisors discuss the pros and cons of using brokers to grow their brand.
- Helen Bond
- 8,145
In 2015, I reported on the increasing use of technology in international franchising. Today, technology has become even more essential to the operation of franchised businesses around the world.
- William Edwards
- 10,188
Many business owners continue steadfastly as the only key leader in their company, failing to develop employees and managers who have leadership potential.
- Kendall Rawls
- 9,256
With the U.S. economy entering a period of inflation, franchise brands may have to raise prices
- Darrell Johnson
- 8,015
With the first quarter done, it's time to review your recruitment results
- Art Coley
- 7,939
I have been working with franchise brokers and consultants since they arrived on the scene more than 30 years ago.
- Franchise Update
- 8,592
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