Franchise Management Blog | How to Better Run Your Franchise

For Franchisors & Franchisees

Fran Metrics Blog

August 2021

How much do you need to know about your franchisees' performance?

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.

The Power of Benchmarking

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.

Best practices for your Franchise visits

With these simple steps, not only will you have a more successful franchise system, but you and your franchisees should enjoy what you do!

Update Your FDD for the cloud!

What does the revolution of cloud computing have to do with your FDD and Franchise Agreement? Probably nothing if you haven't updated your FDD and franchise agreement concerning how you collect data from your franchisees in over a decade, which may be an issue

Get a Score Card, Dump the P&L!

In many cases, a franchisee-delivered profit and loss statement can be useless for both franchisees and franchisors. Why?

Choosing the right KPIs

Listen to the latest Franchise Marketing Podcast interview with Jason McReynolds, founder of Fran Metrics, as he discusses how to set and choose KPI's for #franchisee success.