Franchisees Should Learn From Each Other

If you own a franchise you should be in contact with your nearest franchisees and share information as if you were the manager of a corporate store. You should set up meetings once or twice per month and have their phone numbers logged into your speed dial for easy reference.

You should learn from the experiences of your fellow franchisees. For example, let's say you found out your next-door franchisee neighbor as a certain type of customer and you are starting to see a few of these types of customers come into your store. You decide you would like to see more of them as their average ticket prices are better than your current average customers. You, of course, will want to learn all you can from your neighboring franchisee and what they have done to target this market segment. It's really nice to know you can pick up the phone and call a friend who has answers to these types of questions you might have on a regular basis. They can help you by:

Allowing you to work with them in their store for a half of day

Introducing you to certain types of customers to help you understand their needs

Explain idiosyncrasies in serving different market segments

Dealing with these different customers and their fears

Learning how to best service these new customers and understanding their buying behaviors.

This works well. Your regional director can also help you but he/she may be learning as they go just like you. As a franchisee you have a team to plug into, it is a system, the system is dynamic and you can learn from it to help you become more efficient and profitable. You should call your Regional Directors as well as your local franchisees, because two minds are better than one. We know you can figure it out, but it sure helps to have the extra support. Maximize the team synergies of your franchise system, stay plugged into the strength of numbers and economies of scale. Think on this.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

---

The 4 Attitudes of Awesome Hospitality

Hospitality relates to the Latin term philoxenia, or "the love... Read More

Effective Business Networking: 5 Tips For Mastering The Art of Networking

The heart of any business is the connection it has... Read More

Who Are You and What The Heck Do You Do?

A few years ago, I was attending a family function... Read More

How to Make the Most of Those First 30 Seconds

Did you just meet the most important person in your... Read More

How to Create an Interest Story for the Press

What makes a good interest story?An interest story is just... Read More

Sell For Yourself Or Sell For Your Boss?

First of all I would like to start this article... Read More

10 Top Tips for Successful Networking

1. Recognise the importance of networkingAsk any successful business person... Read More

Growing Your Network of People Can be Easy and Fun!

A few years back when I moved to Charlotte, NC... Read More

How to Generate More Business by Telling People What You Do

What do you tell people when asked what you do?... Read More

Community Involvement Networking

It is important for you to join at least one... Read More

How to Announce a New Product

How can the introduction of new products affect the way... Read More

Good Manners Mean Good Business

Good manners, good networking and good business all have the... Read More

The Five Step Formula For Getting Prospects to Call You

Are you tired of prospecting for new business?Are you sick... Read More

10 Terrific Tips to Talk Your Way to the Top

What is "the top" anyway? According to society, "top" has... Read More

8 Ways To Develop Confidence In New Situations

Do you enjoy one-on-one networking, however, the thought of walking... Read More

Are You Building Relationships Online?

How's your relationship?I'm not prying into your personal life, so... Read More

Mary Kay Ash Did It Best... (The Networking Factor)

"The Networking Factor, Everyone is important!" This slogan reminds me... Read More

How to Find Participants for a Trial Run

Why is a network meeting the best place to get... Read More

Networking: What the Heck is a Ryze?

If you're new to the internet marketing club, you may... Read More

Mother Said - Wash Your Hands

Think health articles are boring? This one isn't, so read... Read More

How to Turn Water into Lemonade by Giving a Flavored Answer to a Fruitless Question

I remember the first time I opened the fridge to... Read More

Is The Company You Keep Hurting Your Business?

When you look at your friends, it's like looking into... Read More

Networking in the Business world

Why is it so important to network with other people... Read More

How NOT to Waste Your Time Networking

Ever wonder if networking, referral groups, and conferences are a... Read More

Success Sentences to Help Combat Conversational Crappiness

Essential to your success as an effective, engaging communicator is... Read More

Why Bother With Social Networking Sites Like LinkedIn?

Q: I think I understand the value of networking as... Read More

Networking Know How

Networking, even to a seasoned professional, can seem intimidating or... Read More

Come Home Rich - How to Get the Most out of Your Next Conference

Success in your career depends upon how well you manage... Read More

Networking

Put join a networking group on your to do list... Read More

You MUST Be Visible

Have you ever noticed how visible large corporations are? Take... Read More

The Power of Word of Mouth

Most of us remember the commercial that said, "I told... Read More

Network Marketing

Network marketing is the ordinary person's best opportunity to make... Read More

Why Cant I Remember Your Name?

You're terrible with names. You forget someone's name within ten... Read More