How to identify the early warning signs of a franchisee in trouble
Do you have franchisees struggling with profitability issues and maybe have delayed or stopped paying royalties?
Are you concerned that the right amount of royalties are actually being paid?
It can be a common concern and one that is most likely to get worse before it gets any better, unless the right support and action plans are implemented.
Sometimes just looking at things from a new perspective can make all the difference in effective problem-solving.
This can be as simple as taking the blinkers off from the all-consuming revenue targets and looking a little deeper at what may be impacting the profitability of a franchisee’s business and possibly your royalty stream.
A profitable franchisee is a happy and financially sustainable franchisee, which also creates happy franchisors (with dependable royalty streams) and less-stressed Franchise Management Professionals.
More than looking at a balance sheet – knowing where the numbers are heading
Glancing over a profit and loss statement won’t solve any problems. There is a lot more to it than that and no quick fix.
Our 2 or 4 Day Financial Management Masterclass upskills Franchise Management Professionals to efficiently and accurately assess financial reports, identify any problems and implement effective solutions and improvements in the field.
It is all about the numbers, not just on a page now, but where they are heading and what can be done about it before there are real issues in a franchisee’s business operations.
Simply measuring sales performance is not good enough in today’s challenging and ever-changing business environment.
Meaningful, practical and continual engagement with franchisees on their financial data and trends is now the main game in order to maximise their returns and, in turn, royalties to the franchisor.
This masterclass will equip Field Support/Business Development Managers with a holistic understanding of business and financial management fundamentals.
Facilitator and franchisee profitability expert David Campbell will guide attendees through a range of powerful analytics templates that you can apply within your organisation straight away.
The intensive course is based on extensive research and first-hand experience of driving franchisee profitability and delivers tangible results for attendees and their franchise systems.
Find out more about this masterclass and all of our bespoke training here.