THE RESTAURANT INDUSTRY AT THE PANDEMIC’S ONE YEAR ANNIVERSARY – WHAT NOW?
March 10, 2021
We thought that the last twelve months of performance for individual restaurant stocks might give us a hint as to where to focus going forward. Since some of the obviously large stock gains have taken place among those with the heaviest short position, we have focused on the “short interest ratio”, the number of shares sold short divided by the average daily trading volume.
Warning Signs Your Restaurant Is Not Ready To Franchise
February 9, 2021
I cannot emphasize enough that any franchise company’s overall growth and success depends on its franchisee’s success. Your restaurant concept needs to have proven methods along with quantifiable sales results.
5 Key Reasons To Franchise Your Restaurant Concept
January 3, 2021
As a Franchisor, your income is not derived from the operation of a restaurant. The Franchisor’s primary revenue source is a royalty payment made by the franchisee to the parent company. Also, this royalty is paid on top-line sales, not bottom-line profit. As a Franchisor, your role is to help franchisees increase their sales and increase the number of operating units
The Pros and Cons of Setting Up Your Franchise as an LLC.
December 10, 2020
Before we dive into the pros and cons of LLCs for your franchise, it’s important to build a sound understanding of what exactly LLCs are. Forming an LLC for a business means creating a legal entity for it separate from you as an owner, unlike in sole proprietorships or even partnerships.
May 17, 2020
Today's guest is Tom Scarda, CFE, Founder & CEO of the Franchise Academy, Best selling author and Podcaster.
How Are You Fighting Financial Anxiety
May 16, 2020
It is not worth the mental energy and distress to put pressure on yourself for what is out of your hands. Unproductive thoughts will put you on a never-ending cycle of “I have to figure it out, I have to figure it out.” That kind of spiraling activity just runs down your batteries.
April 30, 2020
Today's Guest is Michael Einbinder - Founding Partner of Einbinder and Dunn, a Law firm focusing on the needs of franchisees and franchisors.
April 23, 2020
Restaurant marketing during the country's re-open phase with Doug Smith of ROI Experts
Magic Cup - Supporting Franchisees
April 20, 2020
Supported by her executive team and industry consultants. Magic Cup's goal is to build confidence as a franchise partner and supply you with the tools to create your own success.
The Current Challenges We Face Are Temporary!
March 23, 2020
If it seems that your news feed has been flooded with nerve-wracking updates on the COVID-19 outbreaks, have no fear—there are also plenty of positive updates on the pandemic as well.
Lead Generation, Franchise Sales and Reality
March 8, 2020
The best way to get results in franchise lead generation is to remember that NOTHING works a lot.What does that mean? It means for a start-up or an emerging brand (under 50 units), you need to try various lead sources to test which “streams” bring in the type of leads at the rate necessary to make your sales plan.
What it Takes to Franchise Your Restaurant
February 16, 2020
So you own a restaurant and you think you have what it takes to franchise it. There are many moving parts when it comes to franchising a concept, so I've connected with Gary Occhiogrosso-Franchise Growth Solutions,Sales Entrepreneur,Investor,Public Relations,Coach to give you insights into what it takes.
Franchising Your Restaurant
January 10, 2020
Telling The Entire Story - MasterMind Session. Listen to this Webcast to gain insights on the philosophical skill set to becoming a successful franchisor.
Franchising & Succession Planning
April 22, 2018
The key is to create the best succession plan for your current circumstances. Revisiting, re-evaluating and if necessary, updating your plan should be done annually or whenever a major event takes place in your personal or the life of the business.
Getting New Franchisees Off To A Great Start
January 10, 2018
This approach helps franchisees adapt as the brand grows and systems evolve. Preparing franchisees to deal with the issues that may come up along the way is key to building a successful franchise system.
Why Do I Pay A Franchisee Fee?
December 18, 2017
To the Franchisee it must represent a reasonable fee to allow you to become a part of the existing system, including all of the training programs that are a part of that system, to help you reach your own business goals.
In a Slow Restaurant Economy - Practice these 6 Tips
In good times and not so good times, operating a profitable restaurant can be a daunting task. Nothing is forever, so learn how to manage a restaurant through a rough patch you’ll be in a better position to maximize your profits when times are good.