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Ep 8: Q&A from FRANCHISOR RESCUE & TURNAROUND
Question and answer follow-up to ‘Ep 7: Franchisor Rescue & Turnaround’ explores common viewer and listener questions.
To get the most from this presentation, it is recommended to have viewed or listened to ‘Ep 7: Franchisor Rescue & Turnaround’ first, which discussed some important considerations for rescuing and turning around a struggling or failing franchisor and/or franchise network.
TIMESTAMPS:
(0:00) Start!
(0:09) Disclaimer & Introduction!
(3:32) Can The Podcast Be Sped Up?
(4:57) Am I Against Franchising?
(11:43) How Do Franchisors End Up In A Situation Where They Need Rescuing?
(19:02) What Is 'Churn And Burn' In Franchising?
(24:43) How Does A Franchisor In Trouble, Without Available Funds Or Lines Of Credit Get Investors Or Cash Injections?
(28:17) When Taking Over A Franchisor In Trouble, Is It Advisable To Appoint A Franchisee Council Or Franchisee Representative Body?
(33:54) A Lot Of Franchise Networks Close Many Under-Performing Locations So They Can Focus On Growing Their More Successful Locations. Is This Good Or Bad Strategy?
(39:23) How Long Does It Take To Turn Around A Franchisor?
(41:42) Is There Another Way To Turn Around A Business Quickly Without Resorting To Discounting?
(54:22) What If I Take Over A Franchisor And Then Realise Afterwards That The Model Isn't Viable Or Margins Are Too Small For Franchisees?
(57:12) What Do You Do If The People Above You (The Bosses) Just Don't Get What Is Needed?
(1:03:32) Is The Advice Relevant To A Full Range Of Industries?
(1:05:35) Am I Giving Away All The Best Bits Of Advice For Free?
(1:07:35) Wrap Up & Questions!
Check us out at: www.fmssupportservices.com.au
Contact us at: [email protected]
Follow us on Facebook: www.facebook.com/profile.php?id=61562852799935
Follow us on LinkedIn: www.linkedin.com/company/76260689
View all episodes
By FMS Support ServicesQuestion and answer follow-up to ‘Ep 7: Franchisor Rescue & Turnaround’ explores common viewer and listener questions.
To get the most from this presentation, it is recommended to have viewed or listened to ‘Ep 7: Franchisor Rescue & Turnaround’ first, which discussed some important considerations for rescuing and turning around a struggling or failing franchisor and/or franchise network.
TIMESTAMPS:
(0:00) Start!
(0:09) Disclaimer & Introduction!
(3:32) Can The Podcast Be Sped Up?
(4:57) Am I Against Franchising?
(11:43) How Do Franchisors End Up In A Situation Where They Need Rescuing?
(19:02) What Is 'Churn And Burn' In Franchising?
(24:43) How Does A Franchisor In Trouble, Without Available Funds Or Lines Of Credit Get Investors Or Cash Injections?
(28:17) When Taking Over A Franchisor In Trouble, Is It Advisable To Appoint A Franchisee Council Or Franchisee Representative Body?
(33:54) A Lot Of Franchise Networks Close Many Under-Performing Locations So They Can Focus On Growing Their More Successful Locations. Is This Good Or Bad Strategy?
(39:23) How Long Does It Take To Turn Around A Franchisor?
(41:42) Is There Another Way To Turn Around A Business Quickly Without Resorting To Discounting?
(54:22) What If I Take Over A Franchisor And Then Realise Afterwards That The Model Isn't Viable Or Margins Are Too Small For Franchisees?
(57:12) What Do You Do If The People Above You (The Bosses) Just Don't Get What Is Needed?
(1:03:32) Is The Advice Relevant To A Full Range Of Industries?
(1:05:35) Am I Giving Away All The Best Bits Of Advice For Free?
(1:07:35) Wrap Up & Questions!
Check us out at: www.fmssupportservices.com.au
Contact us at: [email protected]
Follow us on Facebook: www.facebook.com/profile.php?id=61562852799935
Follow us on LinkedIn: www.linkedin.com/company/76260689