Actual for You
#1 in Business Subscribe Email Print

You are here: Home > Business > Franchising > Case Study; Motivating Franchisees in Medium Sized Franchising Companies

Tags

  • illustrates
  • increased business
  • third quarter
  • small franchise

  • Links

  • 6 Physical Changes During Pregnancy
  • The Power of Why: Your Psychological Ally To Marketing Success!
  • Flying J Travel Centers and Truck Stops; Best of Breed
  • Actual for You - Case Study; Motivating Franchisees in Medium Sized Franchising Companies

    Career Change Needed - Watch For The Signs
    Creating a new career can be challenging. Even so there are opportunities everywhere around you and sometimes, the first place to seek a new career might even be within the company you are working for already, within the gift of a fri
    lazer eye surgery or take a vacation write down where and how much. If in the forth quarter you want to increase sales by 130% then back it to the first quarter and the then the second and third to figure out the increase you will need to achieve each month to get there. Rememb
    Don't Sit At Home - Work At Home Pt 2
    You are probably one of the millions of Americans who enjoy their professions and who actually do not mind working for someone else. Sure, the American Dream has always been to set out for yourself into the world of business, ma
    In a small franchising company which is growing fast and always under a cash flow crisis, it is essential to keep all franchisees profitable to prevent lawsuits, maintain royalty income streams and attract new franchisees who see their success in the market place.

    Having been a Founder of a Small Franchise Company, which grew rapidly into a Medium Sized Franchise Company prior to my early retirement and sale of the company, I can tell you that the most important thing is to have successful franchisees in the market place. One way I achieved this was constantly motivating the team. Here below is an excerpt of one of the letters I had put out on our Intranet System, which illustrates one strategy of motivation, which worked so well for our franchise team;

    “If you wish to have a new car by the second quarter, then write down the type of car, options and color and the date you wish to get it (pick Yellow). Also write down the amount of money you will need to afford it. Then the amount of increased business you will need to buy it and break it down by month. If in the third quarter you want to get lazer eye surgery or take a vacation write down where and how much. If in the forth quarter you want to increase sales by 130% then back it to the first quarter and the then the second and third to figure out the increase you will need to achieve each month to get there. Remembe

    Valuation of Consulting Firms - A Blended Approach
    Consultants News, of Peterborough, NH, is probably the most prestigious consultants news letter published and features world wide distribution. Awhile back, because they receive many questions about “how to value consulting firms” .
    n a Founder of a Small Franchise Company, which grew rapidly into a Medium Sized Franchise Company prior to my early retirement and sale of the company, I can tell you that the most important thing is to have successful franchisees in the market place. One way I achieved this was constantly motivating the team. Here below is an excerpt of one of the letters I had put out on our Intranet System, which illustrates one strategy of motivation, which worked so well for our franchise team;

    “If you wish to have a new car by the second quarter, then write down the type of car, options and color and the date you wish to get it (pick Yellow). Also write down the amount of money you will need to afford it. Then the amount of increased business you will need to buy it and break it down by month. If in the third quarter you want to get lazer eye surgery or take a vacation write down where and how much. If in the forth quarter you want to increase sales by 130% then back it to the first quarter and the then the second and third to figure out the increase you will need to achieve each month to get there. Rememb

    Entrepreneur's Nightmare
    You are an entrepreneur running a small to midsize business with let’s say 5 to 200 employees. Let’s assume that your outlook might be fairly well and you do have a healthy growth rate…or maybe not. Whatever the case is do you know th
    constantly motivating the team. Here below is an excerpt of one of the letters I had put out on our Intranet System, which illustrates one strategy of motivation, which worked so well for our franchise team;

    “If you wish to have a new car by the second quarter, then write down the type of car, options and color and the date you wish to get it (pick Yellow). Also write down the amount of money you will need to afford it. Then the amount of increased business you will need to buy it and break it down by month. If in the third quarter you want to get lazer eye surgery or take a vacation write down where and how much. If in the forth quarter you want to increase sales by 130% then back it to the first quarter and the then the second and third to figure out the increase you will need to achieve each month to get there. Rememb

    Formal Report
    A formal report collects and interprets data and reports information. It may, in the course of doing these tasks, include an analysis and make recommendations for a course of action.Reports are used to inform, analyze, and reco
    wn the type of car, options and color and the date you wish to get it (pick Yellow). Also write down the amount of money you will need to afford it. Then the amount of increased business you will need to buy it and break it down by month. If in the third quarter you want to get lazer eye surgery or take a vacation write down where and how much. If in the forth quarter you want to increase sales by 130% then back it to the first quarter and the then the second and third to figure out the increase you will need to achieve each month to get there. Rememb
    How to Collect Your Past Due Accounts Receivable
    If you are like many small businesses, even a few late payments on your accounts receivable can seriously crimp your cash flow. It is vitally important that you take immediate and systematic steps to limit the number of past due rece
    lazer eye surgery or take a vacation write down where and how much. If in the forth quarter you want to increase sales by 130% then back it to the first quarter and the then the second and third to figure out the increase you will need to achieve each month to get there. Remember that we need this information to help you achieve your goals, if we do not know what goals you have it will be difficult for us to give you assistance towards those goals.”

    I sincerely hope my experience, observations and knowledge in the motivating of franchisees and franchise teams gives you insight to winning in the market place. Please consider this in 2006, because you know what? It works and it is not in the text books, had to learn this one the hard way.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.actual4u.com/article/19384/actual4u-Case-Study-Motivating-Franchisees-in-Medium-Sized-Franchising-Companies.html">Case Study; Motivating Franchisees in Medium Sized Franchising Companies</a>

    BB link (for phorums):
    [url=http://www.actual4u.com/article/19384/actual4u-Case-Study-Motivating-Franchisees-in-Medium-Sized-Franchising-Companies.html]Case Study; Motivating Franchisees in Medium Sized Franchising Companies[/url]

    Related Articles:

    Brand Identity: Picture it with Power

    Career Vision: Tools to Map Your Future

    What Every Manager Should Know About How to Prevent Customer Service Conflicts

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com