The start of a new year and new decade is an excellent time to reflect on what you have accomplished and what you hope to achieve this year and beyond, by setting long-term goals for growing your business’ value. Franchisees should consider whether … [Read more...]
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Here you will find insights, tips and road signs to help you steer your business towards profitability, sustainability and financial strength. Raise your business instincts and gut level decision-making to new heights because in today’s business climate, there’s very little room for error and even less room for bad habits.
Happy New Year! Is Your Business Making Enough Profit?
It’s time to close the books on 2019 and soon your financial statements will be ready to give you valuable information about your results. For many, the inevitable realization will soon occur. “We exceeded our sales goal and made a profit, but is … [Read more...]
The 5 Essentials to Achieve Multi-Unit Success Series – #5
This is my fifth and final post of this series in which we've explored my "top 5" list of capabilities that make multi-unit ownership work. Multi-unit success depends on these five capabilities: Maintaining Scalable Systems (delivered by the … [Read more...]
The 5 Essentials to Achieve Multi-Unit Success Series – #4
We all get into business to build wealth. To achieve an attractive return on investment, we must grow sales. However, one location’s organic growth (more customers, buying more frequently at a higher average transaction value) may not yield the … [Read more...]
The 5 Essentials to Achieve Multi-Unit Success Series – #3
We all get into business to build wealth. To achieve an attractive return on investment, we must grow sales. However, one location’s organic growth (more customers, buying more frequently at a higher average transaction value) may not yield the … [Read more...]