Writing an instruction manual, doing a survey, creating a map–they’re all difficult tasks because of the translation that’s required: the person doing the work already knows what they’re trying to teach. But the person interacting with the manual doesn’t.Whether you are a natural-born leader or learn to become one over time, franchisees need to be strong leaders who hire and train their teams. You have to set an example to others of how to conduct yourself in the workplace. Make an effort to understand the ins and outs of the business and always lead by example.…Organizations are increasingly viewing their human capital as a strategic resource rather than mere workforce and want to invest in employee development and retention. Leadership development is one such investment that most organizations are doing to seize a competitive advantage in the market and keep their organizations prepared for difficult times and disruptive changes.The biggest impact in franchising this year will be that properly capitalized equals big opportunity. Private equity buyers will continue to look at franchising as a viable addition to its portfolios. Thus, franchisors who accelerate growth may increase its valuation and find.While it is certainly true that a great amount of productivity is lost to these things, the real answer is workplace interruptions, especially given the push to open-office floor plans. Multiple research studies have found that interruptions have a negative effect on employee engagement, job satisfaction, stress levels, and job performance, ultimately resulting in lower productivity and increased absenteeism.Jon Taffer, founder and CEO of Taffer’s Tavern, says his restaurant concept’s kitchens only need two or three cooks, a 50 to 60 percent reduction in labor from a typical casual dining kitchen.As a franchise owner for over 34 years, I’ve often asked myself an important question, “What would my business be, if everyone in my business was just like me?” I realized that if my business was going to be successful, it was up to me to set the right tone and example.Small businesses are still bearing the brunt of economic and legislative changes brought on by the pandemic, with over 70% of them reporting negative effects from COVID.
Of those that weathered and emerged from the crisis relatively unscathed, it turns out digital maturity played a pivotal role in their survival story.“How can I make team members happy?” is a vital question, one that doesn’t have a simple answer. Every team member is different, so it’s impossible to find a universal strategy. Too often, management believes that satisfaction with salary is the most crucial factor driving wellbeing, and there’s no doubt that money is an integral part of work satisfaction, but it’s only one part.Despite the constant change around you, there are ways to work with it and establish some sense of normalcy. For example, you may need to redefine what productivity means, help reshape your environment, set different boundaries, or shift your focus. If you’re finding it challenging to stay on task during uncertain times, here are three ways to reclaim a sense of direction.Do you take a good, hard look at your team’s marketing strategy every year?
You should. An annual marketing plan helps you set your marketing on the right course to make your company’s business goals a reality. Think of it as a high-level plan that guides the direction of your team’s campaigns, goals, and growth.At one of the most anticipated Reserve Bank of Australia (RBA) Board meetings in history, the bank announced it wouldn’t be tapping the brakes yet…The best CRM software solutions integrate with almost every aspect of your business, helping you track customer relations, streamline processes, and increase sales…“This is a story about three important values – excellence, service and integrity. It starts on a sleepy Saturday morning back in 1978 when the phone rang. My parents were still in bed. Mum picked up the receiver and recalls hearing a deep, cultured voice. “Good morning. Could I speak with Mr Victor Nathan please”. She elbowed dad in the ribs and handed him the phone. “I think it’s the Prime Minister – he wants to talk to you!A new COVIDSafe Plan template is now available. It is mandatory for all businesses to have a COVIDSafe Plan.
The updated template helps document:
- how you will manage a COVID-19 case in the workplace
- how you will make sure workers are fully vaccinated, if required
- steps you will take to maintain detailed records
- what you are doing to meet face mask requirements
- how you will comply with other requirements for your sector.
Many franchise brands within the QSR space have needed to evolve and adapt over the past few years, and we’ve spoken to many of these on this very podcast. Some organizations, however, have already established themselves as ready for this ‘new normal’ – including the likes of Checkers & Rally’s, with its distinctly contact-free dual drive-thru model.Simply put: emerging brands have advantages and disadvantages.
There are advantages for new franchisees in an emerging brand and there are also advantages for the… #emerging #franchisors.Our famous Franchise Radio Show, #2 on Top 25 Franchise Podcasts is now available on Spotify* – simply Bookmark it for instant access – how easy is that?
If you’re new to our Franchise Radio Shows, we’ve over 100 to choose from. 40 minutes long they feature a huge number of international experts across business and franchising including Michael E Gerber, “The E-Myth Revisited’ called “the World’s #1 Small Business Guru,” he’s the author of the NY Times two-decades mega-bestseller. Simon Reynolds, winner of many international creative and marketing awards, he’s a very rare person in the world of executive and entrepreneur coaching being a teacher and highly successful business person himself and a panel member on Shark Tank.Dates have been announced for the Franchising & Business Opportunities Expos 2022
Grab your free tickets to all expos online here and use the promotion code TXF.
BRISBANE
4-5 March 2022 at Brisbane Convention Centre, Southbank
SYDNEY
27-28 May 2022 at ICC Sydney, Darling Harbour
MELBOURNE
19-20 August 2022 at Melbourne Exhibition Centre, South Wharf
PERTH
13 November 2022 at Crown PerthStrong enquiries are being seen by the switched-on groups according to the franchise community that I hear from.
Whether this is simply due to COVID or wider market realisations and acceptance that franchising is the answer to people wanting to step out and own their own business I don’t know – it doesn’t matter.
What does matter, however, is that the whole business scene has altered immensely in recent months.
The fact is.
Businesses who invest in franchising as a road to their own growth, and do it properly, embracing the new technologies, are going to leave their competitors for the dead.
Interested?
Give me a call on 0417 211 366 and we can have a confidential chat – you may be surprised how simple and effective franchising your business can be…For years we ran fire-walking events.
We’d light a bonfire, let it burn for an hour or two, rake the coals out and walk 10 meters from one end to the other in bare feet.
At night, the red hot coals would glow menacingly because the average temperature was approx 1,000 degrees Fahrenheit.
The Skeptics Society cried foul saying that the heat from timber doesn’t transfer easily to flesh.
Easy to prove really – it’s why we use a barbecue plate instead of raw coals – faster transfer.
But of course they missed to point entirely.
We weren’t telling people they were invincible.
We were saying that you can be afraid (everyone was shit scared) and still go ahead and do something.
We were saying that you can be afraid (everyone was shit scared) and still go ahead and do something.
Trust me. Standing at the beginning of the ‘walk’ and feeling that radiant heat and seeing these glowing coals was enough for most people to experience extreme self doubt. The danger warning bells were ringing loud and clear.
Just like they are for you – whatever you are afraid of – be that speaking in public, facing a bully or parachuting.
Sure the panic button is easily pushed at such times.
But should it be?
Should you let fear run (ruin?) your life?
Is it OK to not do something simply because your imagination has concocted some fantasy in which you get devoured?
I get it that the fear is real – but what you have imagined happening is probably never going to.
What fear do you need to finally put to bed?
Hit reply and let me know.I hope you enjoyed this.
To your success,