article thumbnail

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.

article thumbnail

Brand Real

CEO Blog

I read Laurence Vincent's book - Brand Real - How Smart Companies Live Their Brand Promise and Inspire Fierce Customer Loyalty. We like consistency and good brands (like many franchises) deliver that comfort. New technology - speech jamming. Like reputation - it can be invaluable and like reputation, it can be easily destroyed.

Brand 162
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Important Leadership Lessons From The Final Frontier

Tanveer Naseer

But there’s another aspect of this popular franchise that we can also appreciate and that is some of the lessons we can learn about how to be the kind of leader who not only inspires the best in others, but who also demonstrates a sense of clarity about who we are and what we’d like to achieve.

article thumbnail

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.

article thumbnail

Putting Customers at the Heart of Your Brand to Create Passionate Fans: What Microsoft Learned About Customer Engagement in the Sports Industry - SPONSOR CONTENT FROM Microsoft

Harvard Business Review

Real Madrid is one of the most recognized soccer franchises in the world. With over 500 million dedicated fans, it also happens to be one of the most innovative franchises when it comes to fan engagement. “Advances in technology have helped us reimagine fan engagement and create new business models that we never thought possible.

Sports 8
article thumbnail

The Future of Commerce Starts With a Tap

Harvard Business Review

It has the potential to, as no technology before, bridge the gap between virtual and real. Consumers could either tap with an NFC-enabled device or snap a QR code — up to now the main technology for linking mobile devices to physical displays. In other uses, Activision has utilized NFC technology in its Skylanders video game.

article thumbnail

Think Beyond “Mobile” vs. “Desktop” Shoppers

Harvard Business Review

Whether a business had a single location, hundreds of franchises, or something in between, most customers would have a similar experience whenever they walked into a store: they’d be constrained by the same store hours, see the same products and prices, and walk through the same door(s) on the way in and out. Customers Technology'