For franchisors and franchisees alike, growing through multi-unit ownership seems like a “no-brainer”. Yet past failures tell us it's harder than it looks? Why? It may not be what you think. This is the third of my four-part series that busts 4 … [Read more...]
Myth-Busting Multi-Unit Expansion Series – Myth #2
This is the second of a four-part series that busts 4 great myths of multi-unit expansion. Myth: Your best operators will make great multi-unit owners. Ain't necessarily so! Today’s great operators know how to be successful in the model. Why not … [Read more...]
Myth-Busting Multi-Unit Expansion Series – Myth #1
For franchisors and franchisees alike, growing through multi-unit ownership seems like a “no-brainer”. Yet past failures tell us it's harder than it looks. Why? It may not be what you think. This is the first of a four-part series that busts 4 great … [Read more...]
Where’s The Cash?
Everybody wants better cash flow. Even the most profitable businesses run short of cash at times, especially seasonal businesses or those that are growing quickly. And many growing and profitable businesses have failed because there simply wasn’t … [Read more...]
Tips for Improving Your Cash Flow
Review financial statements each month, including the Statement of Cash Flow, to gain an intuitive sense of how decisions and business conditions impact both profit and cash. Prepare a Cash Budget for the coming year to predict possible cash … [Read more...]