How Creative Initiatives Can Fuel Growth

Through challenging economic times, franchisors have developed new ways to fuel growth and development in their business. When it comes to finding qualified, well-funded prospects for franchising, usually portals, franchise consultants, and advertising & networking all are strong factors in growing a franchise. Lead-generation sites, like Franchise Clique, play a huge role in connecting qualified clients to franchisors and consultants. Beyond these necessary tactics, franchisors are branching out further, and bringing creative ideas to development.

From the patterns I’ve observed, this is happening in several ways. Parent companies of franchising brands are now taking new approaches to their stores – in locations that offer opportunities for food-court style eating, such as hospitals, malls, and airports where normally one brand would be placed in a store, developers are bringing three or four of their brands to the same location. Both dual-brand storefronts and co-branded store partnerships are certainly on the rise in the franchising market. Providing two goods or services in one location offers customers more of a variety, and targets a wider range of customers altogether.

In addition to multi-brand locations, I continue to see a growth in social enterprise within the franchise industry. Non-profit organizations such as Affordable Homes of South Texas, Inc., Dale Rogers Training Center, and the National Christian Foundation are all teaming up with major franchises like Great Clips, Papa Murphy’s, and Blimpie, bringing franchisee profits straight to these organizations.

These partnerships are doing well because they solve fundamental issues that both franchisors and non-profits face. On one hand, franchisors benefit because they are launching a new location, which is owned and managed by a non-profit group that possesses strong and favorable community reputation, while on the other,  the non-profit benefits because it is buying into proven concepts and corporate office teams who are invested in their success. It truly is a win-win.

What are other ways you have seen franchisors creatively fuel growth? Leave your comments below!

Three Tips for Growth in a Sluggish Economy

  1. LEADERSHIP IS PRICELESS.
    Any growing business needs a strong leader. This holds true especially when a business is struggling. Senior management should play on the strengths of other team members to reinvent old ways and pull from outside sources to evaluate what is and what is not working. As a leader, it’s important to be transparent and honest about the financial stability of the system, yet remain optimistic that positive changes can be made to face economic conditions head on.

2. ACT LOCALLY
National and global goals are certainly something to aspire to; however, market share is won at the local level. A successful and motivated franchisor helps franchisees get active with local businesses, schools, and charitable       organizations. Having a strong brand in a local market can build reputation and lead to potential growth opportunities.

3. LOYALTY IS EVERYTHING
Customer loyalty is crucial during tough financial times. Along with a high-quality product, it is just as necessary to give your customers an awesome experience, consistently. To provide loyalty incentives to your customers is a win, win. For example, this year, the Marco’s Pizza franchise received more than 27 percent of new restaurant applications from Marco’s Pizza customers. Additionally, 30 percent of applications came from referrals of existing owners who sought to share franchise opportunities with ambitious entrepreneurs.

Thanks to Franchising World Magazine‘s January issue for some of this week’s content! Check out more here!

A Conversation with Luke from Mighty Kicks Soccer: A Franchise Investment Worth Checking Out

This past week I spoke with Luke Vercollone, the president and founder of Mighty Kicks Soccer, a mobile soccer program designed to build motor skills, life skills, self-confidence and basic soccer techniques to children ages 2-7. The program brings soccer to where the children are, whether it is a childcare facility during the day, an after-school program at an elementary school, or other various locations in the community for home-schooled children and the general public. Mighty Kicks Soccer is unique in introducing sports and concepts of teamwork to children at a very young, impressionable age – and the coolest part? It’s a franchise.

Following Luke’s graduation from Seton Hall University (where he majored in Sports Management), he was drafted into the MLS and has been playing professional soccer since 2004. He is an NSCAA certified coach, with his USSF National B License and over 17 years of coaching experience. It was his coaching experience at other programs that inspired Luke to develop his own program.

I asked him how long after he began Mighty Kicks did he realize it had the capability to be franchised. Luke said “It wasn’t until I started the program in 2008 that I realized the program had potential to become a franchise. It was early in the first season; I immediately saw the popularity of Mighty Kicks and I realized there was a demand for this type of program and it was profitable.”

He went on to explain the unique aspect of this franchise, “Soccer is extremely popular, many other soccer programs play evenings and weekends, and we don’t compete with those programs. Mighty Kicks brings the program to the children. It’s, convenient, it’s economical, and it’s unique.” Mighty Kicks primarily focuses on preschool-aged children, at their preschools, where children can partake in the enrichment program on site during school hours.

Mighty Kicks Soccer is highly successful in developing many skills, including balance, agility, coordination, teamwork and good sportsmanship. Luke says “Our goal is to give young children an overall positive experience with sports, and specifically soccer. If they’re having fun, they’re learning. If they are enjoying soccer, they are more likely to play it in the future.” Even beyond the basic skills Mighty Kicks Soccer helps children develop, he says “We are indirectly teaching them life skills. We provide them with a positive experience, and keep them active.”

After speaking to Luke, I was very interested in checking out the benefits of franchising with Mighty Kicks Soccer. There are many: including a high profit margin with little overhead to maintain, flexible and family friends work hours, tax benefits, saved time (not wasted on the learning curve), as well as the enjoyable and rewarding work that makes a difference to children in the community. There are many other benefits one can receive when franchising with Mighty Kicks Soccer and you can check the rest of them out here.

And Luke’s message to those interested in franchising? “I think we have the greatest value.  As a new franchise, we are eager to bring on quality franchisees. If a candidate is interested in sports, in kids, and in business, this is a great investment.” Luke says this is an “Unbeatable value with a great investment opportunity.” I most certainly agree.

What is Social Franchising?

The success of franchising comes from the transfer of knowledge and experience from one successful enterprise to another. With an established business concept, as well as support and training, a franchisee can quickly become successful thanks to the foundation upon which his or her business is built. While with most commercial franchises the goal is to maximize profits, social franchises use the principles of franchising for a social goal.

What is social franchising and how does it differ from commercial franchising?

Social franchises are driven by social goals, rather than profit. While the franchise does make profit, this profit is used to develop its social aims. Social aims can include food security, poverty alleviation, or environmental conservation. According to the European Social Franchising Network (ESFN), a social franchise should be a social enterprise, and  have the four following characteristics:

  1. An organization that replicates a social enterprise business model – the social franchisor.
  2. At least one independent social franchisee that has been replicated by the social franchisor.
  3. A common brand under which the social franchisees operate.
  4. An interchange of knowledge between members.

Social franchises can operate in various ways, but generally a social franchisee pays the social franchisor a fee for their support. Differing from other non-profit charities and foundations, where most of the funding comes from grants and personal donations, social franchises use the sales of their successful business model to create a better world.

For example, Community Renewable Energy (CoRE), a European social franchise, helps communities develop their own renewable energy systems to generate community income and address climate change. The franchise does so through working in partnership with a specific community, where the community is not charged for CoRE’s work, but rather as a stakeholder in the the renewable energy systems, where they take a share of the profits. This share is then used to help the next community. The social franchise essentially supports their members by providing “technical skills, shared services, and replicable models for developing renewable energy systems.”

Are you familiar with any social franchises in your area? Please feel free to comment below!

Franchise Profile: The Grout Medic

 

The Grout Medic, in response to exploding customer demand, was founded under the commitment that their company could provide customers a viable, long term, cost effective, alternative to replacing tile and grout.

 

The Grout Medic is the leading grout & tile restoration franchise with over 40 locations across the US. Their franchise owners come from all walks of life, but they all have the same common goals; to gain control over their future and provide a better lifestyle and opportunity for themselves and their families.

 

At The Grout Medic™ their goal is simple – To create an opportunity to allow motivated, hardworking, business-minded individuals a low cost, high margin path to success. In doing so, The Grout Medic™ has become a leading grout and tile repair service with a cost effective, highly profitable, operating system offering a valuable service to their customers with very little competition. The Company’s foundation is based on solid business principles, extensive training and post operating support and, most of all, their experienced and dedicated people.

 

 

The Grout Medic Difference:
The Grout Medic has an industry leading approach to grout and tile restoration which has been one of the major factors in its success. They use exclusive equipment including their vapor machine and electric grout removal tools, as well as techniques and exclusive product lines to position The Grout Medic as the leader in the industry. The Grout Medic also employs a number of “green” practices in line with the current consumer demand.

 

To find out more about this amazing franchise opportunity, please visit the following link: http://www.franchiseclique.com/franchise/The-Grout-Medic. An online form may also be submitted for more detailed information.

October National Sales Meeting

On Tuesday, October 25, FranchiseClique held a national sales meeting at our headquarters in Charleston, SC. Department heads and regional managers from around the country gathered together to discuss ideas and some exciting new features that will be rolling out soon. Dave Schwartz, CEO, was quoted as saying, “It was a wonderful opportunity for the whole team to come together and collaborate.” Another national sales meeting is scheduled for November.