The Pros & Cons of Multi-Unit Franchising
Aicha Bascaro
CEO at the American Franchise Academy - Author | Speaker | Franchise Business Coach
Welcome to our first edition of our Weekly Newsletter on the Scoop about Multi-Unit Franchising!
In this newsletter we will share our weekly blog, business tips, inspiration, and articles from industry leaders that will allow you to stay informed and educated with the latest in the franchise industry and the American Franchise Academy.
Subscribe to our newsletter and keep up with the latest scoop!
LIVE BROADCAST
There is big hype these days about becoming a Multi-Unit Franchisee. Many brands are focusing a lot of their expansion in selecting existing successful franchisees and encouraging them to grow into a multi-unit enterprise. Also, many investors and entrepreneurs are entering their franchise journey directly into a multi-unit model. But is that as good idea as so many make them to be? Well… that depends on your goals and many other things.
In this week's live broadcast Aicha discussed?the pros and cons of becoming a multi-unit franchisee and how to prepare before you open your second unit.??
INSPIRATION
Your employees not only want someone who knows how to give them clear and precise direction, they also need a mirror in which to look at themselves, be inspired and bring out their best performance.
BLOG
Choosing the right franchise is a very challenging process. Some franchisees may have already started operations and still wonder if the business concept they acquire is the ideal one or not.
How can you tell if you have the right franchise for you? What can you do if you realize that the brand you chose is not your best fit? Answering these questions as quickly as possible is very important for your success as a franchise business owner. And that’s what we’ll be exploring in this blog post.
ARTICLE
领英推荐
Franchising & the American Dream - by Jill Abrahamsen from FranchiseWire
After the pandemic, the franchise industry has been crucial to America's economic recovery. This business model not only has an impact on families economy, it also contributes to creating a healthy economic environment nationwide. In the following article, you will find different views on why franchising is a safe path to achieve the American ideal of financial independence.
MINI-TIP - 2 minutes or less
As a growing multi-unit owner you have the challenge to hire the best leaders and keep them with you as long as possible for your future units. In this mini-tip we share how to make that happen in your organization.
AFA's UPCOMING EVENT
SEPT 14, 2022 @ 2pm EST - Information Session
Train your District Manager - Equip your district managers with the tools and resources they need to be productive, effective, and efficient.?Give them the systems, processes and routines to do their job well and produce the results you want.
Transform your business and drive performance through this comprehensive 10-week?training program for District Managers. Attend the 45-minute information session on September 14th and get a peek inside our "Best in Class" development program for District Managers. Register below.
To learn more about the American Franchise Academy's programs, schedule a call with us here: ADMISSIONS