For Franchisors & Franchisees

Fran Metrics Blog

 
May 2022
From inception, Fran Metrics has identified and encouraged the importance of utilizing Franchise Scorecards. Our platform is designed to provide timely, relevant, actionable data that benefits your entire organization and we are committed to continuing this practice so that you have more time to commit to wealth generation, franchisee support, and overall business growth.
Read More
April 2022
There doesn’t seem to be an industry that hasn’t been affected by staffing shortages and the cost of losing an employee cannot be simply calculated in dollars. Typically, there are recruiting, onboarding, and opportunity costs associated with a new hire, but there are other factors to consider.
Read More
March 2022
At FranMetrics, we understand that nobody likes to be the bad guy and we want to help your field evaluations be positive and encouraging to both Franchisor and Franchisee alike. While an inspection can bring feelings of doubt, worry, or uncomfortable conversations, it can also be presented as a chance to reward those who shine and demonstrate aptitude within your Franchise.
Read More
This blog post is dedicated to exploring the crucial KPIs that every franchisor and franchisee should be monitoring to ensure the most informed decisions are made toward increased profitability and wealth generation.
Read More
January 2022
Fran Metrics is excited to share that we are launching the ability to access a new KPI within our platform at the end of January, 2022. It will integrate with your Organization’s Google Reviews and calculate a “Net Promoter Score”.
Read More
From suggested advertisements sprinkled throughout your social media to your streaming services’ movie recommendations, your data is being collected because it is valuable. With so much data floating around, it is vital to be able to recognize the difference between Vanity Data and Actionable Data.
Read More
August 2021
It's not enough to have a profitable business model to get your franchisees to feel paying you your royalties is a fair deal for them. At first, the excitement of opening a business and the initial support can temporarily mask issues that may arrive in the future.
Read More
If you are a franchisor, you sometimes may feel overwhelmed by keeping track not only of your own numbers, but the numbers of your franchisee locations as well. Whether there are 3 or 300 locations, it's important to know how each unit is performing and what their strengths and weaknesses are.
Read More
Benchmarking is a total necessity for franchise organizations that want to grow while focusing on unit-level economics. Besides looking to industry standards, a franchised company can find the best results doing internal benchmarking by all units to see system-wide averages and set goals for underperforming franchisees.
Read More
With these simple steps, not only will you have a more successful franchise system, but you and your franchisees should enjoy what you do!
Read More
Page 1 of 2 FirstPrevious [1]