Strategy Driven

DECEMBER 29, 2016

The vision for every entrepreneur is to eventually figure out how to scale to the point where the day to day business isn’t reliant on the owner every minute of every day. The reason why franchising lends itself to scalable, high-residual income is the same reason that Larry Ellison has a net worth of $49.6

Franchising 51

Franchising System Entrepreneur Strategic Planning 51

Leading Blog

JULY 10, 2023

He was also the first African American to own a McDonald’s franchise in Birmingham, Alabama, among other firsts on his journey. I had to learn how to keep my eyes on the prize, as the rewards of life are reserved only for those who stay in the game. Find your center and operate from it. In Why Not Win?

Franchising 215

Franchising Guidelines Discount Follow-up 215

Eric Jacobson

MAY 30, 2021

A few months ago brought the new Harvard Business Review Family Business Handbook , a comprehensive guide for how to build and sustain a successful enduring enterprise. How to decode the family dynamics that impact business decisions. How to navigate conflict in a family business before it spirals out of control.

Franchising 65

Franchising Handbook How To Survey 65

Eric Jacobson

FEBRUARY 21, 2021

January brought the new Harvard Business Review Family Business Handbook , a comprehensive guide for how to build and sustain a successful enduring enterprise. How to decode the family dynamics that impact business decisions. How to plan for succession and navigate family transitions like marriages, divorces, and generational shifts.

Handbook 65

Handbook Franchising Survey Efficiency 65

Strategy Driven

APRIL 23, 2019

A big decision you’ll be faced with early on is the choice between starting a car dealership franchise or your own independent used car business. Franchises often require a larger investment upfront to purchase the franchise rights and will be a bigger operation in general.

Franchising 53

Franchising Licensing Advertising How To 53

Leading Blog

MAY 18, 2018

Other interesting ideas Schramm covers: Franchising is often overlooked as a real entrepreneurial business and is generally not taught in colleges. You should operate with sufficient flexibility so that you are open to considering other ideas as you work on your original concept.”. It takes time. “Of

Planning 161

Planning Entrepreneur Franchising Learning-by-Doing 161

Strategy Driven

DECEMBER 9, 2020

Have thought about how to successful entrepreneurs have in common? Yes, the team is there to help you, but an owner knows best, and he should look at all aspects of the business and check that all operations are working efficiently. Failure to work hard with consistency. Lack of experience. Entrepreneurship Skills.

Quality 103

Quality Succession Entrepreneur Due Diligence 103

Miles Anthony Smith

NOVEMBER 1, 2018

Starting a Business From Home: How to Find Success Note: This post was written in collaboration with Amy Collett , a personal branding strategist and author of You, Exemplified: The Role of Personal Branding in Your Professional Life. Photo Credit: Unsplash Are you thinking about starting up a small business from your home?

Tips 95

Tips Franchising Cost Travel 95

Tanveer Naseer

DECEMBER 8, 2015

But bright ideas are an incomplete recipe for a successful project – you also need team members who have functional expertise and know how to complete tasks. Great execution can elevate a flawed plan; at the same time, poor operational capabilities can easily sink a great set of ideas.

Team 100

Team Rogers Diversity Franchising 100

Change Starts Here

MARCH 5, 2015

To end blame and bickering, they came together to find their common goals, to discover each other’s strengths and personalities, and to learn how to communicate effectively. An airline adopted Lean Six Sigma concepts to increase agility and reduce waste across the operation. Adopting a Process Framework. Shifting Culture.

Six Sigma 60

Six Sigma Agility Franchising Airlines 60

Great Leadership By Dan

APRIL 23, 2015

Or how Richard Branson turned a single record store in London, UK, into a conglomerate comprising over 400 companies in a range of different industries. Their answer was Curves—a women-only club which is now the world’s largest fitness franchise chain. Then they design solutions from the customer backward. innovation Rowan Gibson'

Innovation 120

Innovation Business Model Trends Franchising 120

In the CEO Afterlife

MARCH 18, 2015

They’ve never franchised. This vision establishes the principles for running a simple operation. A workforce of 8,000 led by a transformational CEO, seemingly knows how to deal with the ever-changing digital world. Simplicity is the culture; it is the cornerstone of customer service – even extends to geographies.

Apparel 100

Apparel Brand Franchising Competitive Advantage 100

Harvard Business Review

MAY 18, 2018

The second problem: Movie theater operators don’t want MoviePass to succeed because they fear its model will permanently devalue ticket prices. Ticket sales don’t cover the costs of operating a theater.) more likely to be a superfan of an actor, director, or movie franchise. They are 2.5x

How To 8

How To Price Advertising Franchising 8

Strategy Driven

MAY 20, 2021

From here, then you will need to contemplate whether or not you would prefer to start a business from scratch or own a franchise. There are certainly pros and cons to both; therefore, it will be based on how much responsibility you would like and whether you would like to try a new idea or develop someone else’s brand.

Franchising 67

Franchising How To Proposal Brand 67

Harvard Business Review

JUNE 18, 2012

For a social entrepreneur with an innovative solution, the holy grail is scaling it —that is, taking it to a level where the new approach operates efficiently and effectively to achieve significant mitigation of a social problem. Increasing numbers of social programs grow with revenue generated by their own operations.

How To 14

How To Franchising ROI Entrepreneur 14

Harvard Business Review

JULY 31, 2014

The National Labor Relations Board ruling on Tuesday that McDonald’s could be held responsible for labor conditions in its franchisees’ operations has business groups and lawyers crying foul. There are models for how to tackle such difficult challenges — in other industries and within McDonald’s itself.

Supply Chain 8

Supply Chain Compliance Franchising How To 8

Deming Institute

SEPTEMBER 10, 2015

To improve your practices you can see what works for others and then abstract the principles for that success and then determine how to adopt those principles to your situation. So perhaps you see how quickly a company is able to adapt the software they use to meet their needs. But you won’t find them copying.

Examples 28

Examples Deming Software System 28

Harvard Business Review

MAY 3, 2016

Like Apple, most consumer-centric companies deal with the dilemma of how to brand the next- generation of an existing product. “There’s a lot of research about new-product branding, but as best as we could tell, nobody had looked closely at the issue of how to brand a successive generation,” Gourville says.

Brand 8

Brand Education Productivity Products 8

Harvard Business Review

NOVEMBER 22, 2017

How to Design Your IT Organization for Constant Evolution. How to Find and Hire the Right Digital Talent for Your Organization. But they also have changed how they work with each part of the company, allowing them to learn and adapt faster as new opportunities arise and markets change.

Technology 8

Technology Organization Content Supply Chain 8

Harvard Business Review

DECEMBER 19, 2014

Even though I know how to dissect the financials and pull out any relevant ratios, I’m not satisfied with the story that these reports tell me. Take the example of Harvey Norman , an Australia-based household-goods retailer that operates under various brands and has stores in several countries.

Report 10

Report Franchising Analysis Guidelines 10

Next Level Blog

NOVEMBER 3, 2010

He appears to have removed himself from the day to day management of football operations. I'm not a hockey fan, but his was a textbook case of rebuilding a business, brand and franchise. He publicly owned up to accountability for the team’s lackluster performance at the end of last year. You have to give him credit for all of that. 

Leadership 137

Leadership Blog Sports Learning-by-Doing 137

Strategy Driven

JUNE 6, 2014

I recently stopped for lunch at a franchise restaurant. I went to their website, where franchise chains allege they want customer comments. I’m gravely concerned about this practice of badgering customers in support of some phantom charity; how this store does it is not right.”. The franchise owner later called.

Franchising 74

Franchising Marketing Strategy Strategic Planning 74

Harvard Business Review

AUGUST 3, 2015

Jeremy is in his mid-forties, a successful executive who manages a number of small business franchises in and around Las Vegas. He didn’t expect them to know how to handle it at first, just as he didn’t quite know how to handle it himself. We all have to learn to accept our flaws, our gifts, all of who we are.

How To 8

How To Diversity Learning-by-Doing Policies 8

Harvard Business Review

OCTOBER 19, 2015

Since 1996, and even during the most recent recession, private network operators in the U.S. In sharp contrast, European network operators who are unable to recover their investments continue to fall farther behind. network operators invested $600 per household compared to $389 in the EU. The result is that the U.S.

Price 8

Price How To Policies Report 8

Harvard Business Review

MARCH 23, 2015

These aren’t mom and pop operations anymore. We now have entire conferences dedicated to the analytics of our business and our basketball operations. We have a global audience that has an unending thirst for mobile content, and a sophisticated CRM database that allows us to be a state-of-the-art marketing operation.

Price 8

Price Team Sports Franchising 8

Harvard Business Review

NOVEMBER 19, 2015

How to Be a Company That Employees Love. The restaurant teams were just as excited when we explained that the app could be used to share loyalty rewards or donate them to the non-profit community partners that all of our owned locations and franchises are required to have. So these are people who know how to inspire their teams.

Franchising 8

Franchising Loyalty Download Operations 8

Harvard Business Review

MAY 8, 2017

That knowledge helped them understand how to make change happen inside an organization. That vision prompted Danone to divest product lines such as biscuits and beer while broadening its core dairy franchise. ” Make no mistake, they have substantial relevant experience.

Franchising 15

Franchising CEO Business Model Strategy 15

Harvard Business Review

AUGUST 5, 2016

While the International Olympic Committee touts host cities’ economic legacy , the immense operational challenge of running a mega event creates intense logistical, security, and financial pressures. The business model is, in many ways, a franchise model. The International Olympic Committee is a relatively small organization.

Business Model 8

Business Model Committee Franchising Cost 8

Harvard Business Review

FEBRUARY 20, 2013

The question is how to equip employees with the skills to handle complexities such as creating innovative solutions to emergent problems, understanding new markets, and pushing back on the "status quo." They too have struggled to operate in complex environments, and have developed the skills and expertise to overcome these challenges.

Entrepreneur 8

Entrepreneur Company Six Sigma Franchising 8

Harvard Business Review

JANUARY 2, 2018

” Don’t assume everyone instinctively knows how to be civil; many people never learned the basic skills. How to Have Difficult Conversations When You Don’t Like Conflict. How Self-Managed Teams Can Resolve Conflict. You and Your Team Series. Joel Garfinkle. Amit Maimon. Don’t just impart information.

Team 8

Team Franchising Hammer Training 8

Harvard Business Review

SEPTEMBER 4, 2013

While aggregated data is often challenging to find, the recent Global Entrepreneurship Monitor (GEM) found 126 million women starting or running businesses, and 98 million operating established (over three and a half years) businesses. Similarly, I recently met with Sanergy and Copia Global, Kenyan social enterprises using franchise models.

Globalization 13

Globalization Entrepreneur Banking Supply Chain 13

N2Growth Blog

JUNE 11, 2010

If you choose to dive into the social media world without a strategy, without understanding how to create social media influence, you will not be pleased with your results. link] Social Influence Measurement – Tools, Resources & Commentary | Digital Marketing Blog // Digital Operative [.] Everything you say is entirely true!

Media 368

Media Influence Blog Real Estate 368

Harvard Business Review

JUNE 10, 2014

How has this strategy worked? Well, since 1985, Intel has generated cumulative operating income before depreciation of $287.4 It has built and defended its competitive position by reinforcing its Windows/Office franchise. Since 1985, Microsoft has generated $325 billion in operating profit cumulatively before depreciation.

Innovation 8

Innovation Disruptive Innovation Venture Capitalist Depreciation 8

Harvard Business Review

MARCH 8, 2012

Founders Forum is a franchise started by two successful UK-based entrepreneurs, Brent Hoberman and Jonnie Goodwin, to stimulate US-style entrepreneurship in the European region, and now around the world. One publicly traded company, OnMobile , an operator of premium SMS services, now does business in 52 countries around the world.

Venture Capitalist 13

Venture Capitalist Entrepreneur Conference Wireless 13

Harvard Business Review

JANUARY 30, 2013

As a business that operates in many of the countries where these needs are most evident and pressing, we must help ensure those rights are realized. The Social Franchise Model Works in Times of Uncertainty. The numbers are staggering: 884 million people do not have access to safe drinking water, and 2.6 What Capitalism Can't Fix.

NGO 8

NGO Franchising Project Operations 8

Harvard Business Review

OCTOBER 19, 2012

Long before "think global, act local" was the conventional wisdom for how corporations should operate in the international interconnected marketplace, we at Children's Television Workshop (CTW), as it was known then, pioneered the development of a flexible global brand. Being Willing To Try New Operating Models.

Globalization 8

Globalization Power Workshop Brand 8

Harvard Business Review

APRIL 1, 2016

All companies that operate internationally face a striking dual challenge in dealing with public policy: Nations across the globe enact an ever-changing, ever-expanding array of detailed legislation and regulation to protect workers, consumers, investors, and the public welfare, and these diverse rules shape what companies can and cannot do.

Policies 8

Policies Politics Short-term Globalization 8