Profitability
Explore ideas, best practices, and new technology for improved profitability at your franchise locations. Find information on how some of the most successful franchisees tackle profitability, from monitoring costs to understanding their P&Ls. Find providers of products, services, and technology to help you manage your expenses and cash flow here.
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According to Par Technology's "2026 QSR Operational Index Report," kiosks are the fastest-growing ordering channel
- M. Scott Morris
- 3,203 Reads 11 Shares
Disciplined P&L management, not just revenue growth, separates top performers from the rest
- M. Scott Morris
- 2,439 Reads 4 Shares
A new report reveals that 41% of those surveyed expect revenue losses
- M. Scott Morris
- 3,376 Reads 11 Shares
The proper use of technology can improve the customer experience while providing greater efficiency for the franchisee
- Jeff Wharton
- 6,368 Reads 15 Shares
The first year is crucial to ensure the longevity of your new entrepreneurial journey
- Isaac Phillips and Patrick Daniel
- 5,294 Reads 12 Shares
Numerator Monthly Retail Sales Report says retail sales for March up 1.2% over February
- Kerry Pipes
- 4,653 Reads 5 Shares
To improve sales performance at your stores, try these 10 time-tested tips
- Bob Phibbs
- 7,244 Reads 9 Shares
Tips (and more tips) on how to minimize the effects of rising inflation on your bottom line
- Barbara Nuss
- 7,080 Reads 12 Shares
Inflation creates new problems, but also opportunities for savvy franchisees
- Darrell Johnson
- 8,817 Reads 20 Shares
U.S. retailers remain optimistic for the 2021 holiday shopping season despite rising pressures of a surging labor crisis and continued global supply chain disruptions.
- Kerry Pipes
- 5,786 Reads 4 Shares
Retailers: 15 ways to increase your profit margins, part 2 of 2
- Bob Phibbs
- 7,515 Reads 6 Shares
Restaurant sales and traffic numbers stumbled in August as Covid fears re-emerged, says new Black Box Intelligence report.
- Kerry Pipes
- 6,079 Reads 2 Shares
SMG surveys nearly 10,000 consumers to predict holiday shopping behavior and the continued growth of digital during the pandemic
- Service Management Group
- 7,253 Reads 11 Shares
Contracts between parties have existed for centuries. Before contracts - there were agreements, or what we also call, covenants.
- Doug Howe
- 8,986 Reads 2 Shares
Study Finds Millennials Give High Marks To Brands Like Five Guys, The Cheesecake Factory, Ben & Jerry's, and Starbucks.
- Multi-Unit Franchisee
- 10,554 Reads 15 Shares
Treating people with dignity and respect produces a "dependability" attitude among employees who commit to meeting your expectations and going above and beyond to avoid disappointing you. It's is the difference between ineffective and effective leadership.
- Dan Schneider
- 20,382 Reads 9 Shares
What to look for in a business lender, and why it's important to find the best lender and not just the best rate.
- Multi-Unit Franchisee
- 24,786 Reads 1 Shares
Staying On Top Of Technology Is Key To Recruiting And Retaining Top Talent And Building An Organization That Lasts.
- Dan Schneider
- 26,359 Reads 1 Shares
Anyone who's operated a franchise business knows it takes a lot of hard work to attain (and maintain) a high level of success and profitability.
- By Kerry Pipes & Eddy Goldberg
- 15,258 Reads 1 Shares
New research illustrates how joint-employer ruling jeopardizes franchise businesses, risking business failure and hundreds of thousands of jobs.
- Multi-Unit Franchisee
- 10,247 Reads 1 Shares
Franchise agreements: can't live without 'em, can't kill 'em. However, there is a major effort under way--by franchisors and franchisees alike--to cure what ails them.
- Eddy Goldberg
- 15,382 Reads 4 Shares
New energy management systems can provide significant financial benefits and operational efficiencies. Here's how multi-unit franchisees can benefit.
- James Walton
- 12,085 Reads 2 Shares
In earlier articles, I have discussed your two key yardsticks of financial performance: the balance sheet and the income statement. Taken together, they represent as complete a financial picture of your company as it's possible to get.
- Steve LeFever
- 32,093 Reads 159 Shares
You might assume that Jo McCabe has a background in home repairs. The co-owner of Mr. Handyman and the system's 2010 Franchisee of the Year, serves the Prince William and southern Fairfax counties in Virginia.
- Multi-Unit Franchisee
- 8,941 Reads 1 Shares
Personal credibility is based upon a leader's character and integrity and the actions and behaviors that stem from them.
- Timothy Bednarz
- 11,488 Reads 1 Shares
Franchise business growth will slow down a bit in 2013 yet will continue to outpace growth in other business sectors, according to an IHS Global Insight report prepared for the International Franchise Association Educational Foundation.
- 7,567 Reads
Franchise Update Media Group (FUMG), the leading industry resource for franchise development, announces that Sean Falk, multi-brand franchise owner and former Marine, is the chairman of the 2013 Multi-Unit Franchising Conference, which will be held March 27-29 at Caesars Palace in Las Vegas.
- Franchise Update Media
- 19,946 Reads
It's like most relationships. Sometimes things seem stable and positive between franchisees and franchisors.
- Debbie Selinsky
- 14,743 Reads 72 Shares
Ray Harrigill believes in diversification. His Sunray Companies has restaurants (Bumpers Drive-In), tanning salons (Palm Beach Tan), fitness centers (Koko FitClub), and hotel properties (Hampton Inn), to name a few. That's because of lessons he's learned along the way.
- Tracy Staton
- 10,903 Reads
What changed last month in sales, costs, market share, and customer satisfaction? Data answers those questions for you.
- Jack Mackey
- 8,271 Reads 1,021 Shares
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