In today’s day and age, there isn’t a minute in the day where you or your peers are not either using technology, benefiting from technology, or in the presence of technology. Technology has been the biggest game changer in this century so far, and it continues to evolve just when we think we’ve grasped the current concept. Similarly, the way people buy and sell products or services has also progressed. One thing to remember is that if you’re a retail company, whether you know it or not, you are also a technology company. You must think this way to pave your way for long-term success in retail, because technology is completely changing the way consumers shop.
April 05, 2018
Many of you probably already know what a POS system is, but just in case you need a refresher, these are what’s known as “Point of Sale” systems in the business world. These systems let the seller or merchant calculate the exact amount the consumer owes, specify that amount, create an invoice and suggest payment options for the consumer to act upon. After the transaction is complete, the merchant can then provide a receipt that may either be printed or received electronically.
February 22, 2018
My parents recently visited my sister and her family to help them move. After a long day’s work, they were exhausted and ready for a well-deserved night’s sleep. That’s when the noise started: a loud and unusual wailing. It sounded like a dog, but no one was quite sure. It went on all night long.
January 31, 2018
Now that your franchise brand’s development program has established how to attract and qualify candidates, you will need to measure each step of your franchise development process to manage efficiencies.
January 10, 2018
As you begin to create a development program for your franchise brand, you will focus on many critical pieces of your program including lead generation, candidate qualification, federal and state guidelines for Franchise Disclosure Documents (FDD’s) and Franchise Agreements (FA’s), software automation, among other items.
November 21, 2017
It happened! You followed your passion, created a unique brand, and made the decision to grow via the model of franchising. You are now a franchisor. Congratulations! And now, reality hits, you need franchisees to not only grow your dream, but to fund your business. And yet more reality, you likely have never awarded a franchise. Where do you start? How will you find candidates? Once candidates raise a hand of interest, how do you collect their personal information, share the strengths of your brand experience with them, follow federal and state guidelines, qualify the individuals that will take your brand to market, and eventually award your first, tenth, and one hundredth franchise location?
November 06, 2017
We are thrilled for the Emerging Franchisor Conference taking place early this week (November 6th-8th) in Phoenix, Arizona. This event is among the few larger events IFA (International Franchise Association) hosts throughout the year. It is a major opportunity for new and experienced franchisors looking to network, grow and revolutionize their brands. Attendees leave the conference with new knowledge and valuable insights from successful franchisors that will help them bring tried and true processes to their brands. The Emerging Franchisor Conference is an event you cannot miss!
October 19, 2017
We are so excited for the annual FranTech convention taking place today and tomorrow (October 19th - 20th)! This event is one of the long-awaited IFA (International Franchise Association) conferences of the season, allowing exhibitors, sponsors and attendees alike to collaborate, converse and educate their peers on the latest technology trends within franchising. FranTech allows people from all over the nation and beyond to come together and thrive by learning “what’s next” within the franchise industry. Our team is ready-to-go in sunny San Diego, California both days of the convention and we cannot wait to see what they will be learning throughout the next couple of days.
March 22, 2017
In today’s time, many brands are striving for globalization. It has quickly become the ultimate test of business success and valuation. But how can it not be? With the quick rise and eventual world domination of technology, it is easy to understand why this is the case. We are always connected.
February 22, 2017
Regardless of your industry, if you’re a business leader aiming for success, you need to value the data you receive through key performance indicators. Organizations measure all sorts of KPIs, as does the government, but for the sake of this blog, let’s focus on what’s top of mind for just about every business: sales.