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Key Strategies for Aspiring Entrepreneurs Considering Franchise Ownership

Strategy Driven

Navigating Your Franchise Journey Embarking on a franchise venture is an exciting escapade into entrepreneurship. At this juncture, the guidance of seasoned franchising consultants can be invaluable, offering insight into the complexities of franchise ownership. Financial forecasting and budget management.

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How Franchise Owners Can Use Customer Service to Outdo the Competition and Grow Their Business

Strategy Driven

With the bar set so low for customer service, franchise owners are well positioned to jump ahead of the competition. They’ll awaken customers from their lifeless transaction trance and prime them for excitement, loyalty and spending. They also prepare the customer to be underwhelmed. And that’s the opportunity for franchisees.

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Unexpected Leadership Lessons that Mobsters Can Teach Lawful Leaders

Leading Blog

These crews kept roughly 75 percent of their illicit profits, passing the remainder up as a type of franchising fee. The mob bosses constructed enduring crime rings using core economic concepts of corporate governance that lawful managers also must follow. Staying in the family required unyielding loyalty and a code of silence.

P&L 325
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Don’t Eliminate Tension, Harness it

Steve Farber

1 place to work in Minnesota for four consecutive years, and more than 3,000 people – franchise owners, employees, and club members – have gotten the company’s running man logo tattooed on their skin. It’s hard to beat tattoo loyalty. It’s been tabbed as the No.

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Will Moneyball Analytics Kill Loyalty and Leadership?

Harvard Business Review

After looking hard at the numbers and algorithms, the smartest — and richest — general managers and franchises have made up their collective minds: They're not paying a premium for yesterday. The cultural values of loyalty and leadership are being redefined by the economic value of forecasting methodologies (PDF).

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Your Company Is Not a Family

Harvard Business Review

He went on to advise managers to ask themselves, “Which of my people, if they told me they were leaving for a similar job at a peer company, would I fight hard to keep at Netflix? Do you think that current players, seeing that kind of loyalty, might want to play for the Spurs? Organizational culture Talent management'

Company 18
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Sales Bonuses Are Supposed to Motivate, So Don’t Waste Them on Easy Targets

Harvard Business Review

One technology company targeted a 50:50 pay mix for salespeople in new customer acquisition (CA) roles, but a 70:30 mix for salespeople in account management (AM) roles. Franchise sales have nothing to do with salespeople. Within an industry or company, pay mix often varies across sales roles. Free sales come in two forms.