Franchise Success: The New Formula

Recently, as I was preparing for the Frantelligence Webinar series with Franchise Business Review, Lizette Pirtle, the author of various blogs including Small Biz Franchise and International Expansion Experts, contacted me to discuss franchise client support, and being able to provide information to her franchise clients. I could immediately tell that she had a definitive passion and desire to help her clients and provide them the resources necessary to continue to build their brands.

franchise success the new formulaSince then, Lizette introduced me to her new blog and book, Franchise Success: The New Formula. Clearly, Lizette is an expert in franchise operations and training at franchisee and franchisor levels. Her more than 20 years franchise experience is expansive covering daily operations, marketing, communications and training. She is passionate about designing franchise operational and training systems that allow franchisees and franchisors achieve the success they seek. With a knack for breaking concepts down and creating efficient and effective processes, Lizette derives tremendous joy in assisting her clients discover and implement their vision. A preview of the book confirmed my thoughts about Lizette’s passion and desire. The book is a definite must-read for anyone in franchising.

Would You Like a Complimentary Copy?

To download a complimentary copy of the book, please click HERE. Once you’re directed to the “Get the Book” page, scroll down to the “Do You Have a Gift Code?” section and look for the “Courtesy of Paul Segreto of franchisEssentials” link. Click the “Download” button and when prompted, type in the case-sensitive Gift Promotion password, “franchisEssentials1” to receive your complimentary copy. All we ask is that once you read the book, please let Lizette know your thoughts, comments, suggestions or stories HERE.

Would you like more than an e-copy? If so, the actual book may be purchased on Amazon.com!


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The 5th Annual Franchisee Satisfaction Awards

FBR awardsThe Franchisee Satisfaction Awards sponsored by Franchise Business Review are the industry’s most prestigious awards, honoring excellence in franchising. Each year, Franchise Business Review conducts thousands of independent surveys of franchisees across the industry. The Franchisee Satisfaction Awards recognize the leading franchise companies with the highest levels of overall satisfaction among their franchise operators.

Franchise Business Review presents awards to the top rated franchises in 17 industry categories: Advertising & Sales, Automotive, Business Services, Child Services, Cleaning & Maintenance, Financial & Tax, Food, Health & Beauty, Home Services, Pet Services, Real Estate, Specialty Retail, Senior Care, Services, Sports & Recreation, Technology and Travel & Hospitality. The top franchise within each category is also honored with a Best Franchise in Category award. Additionally, franchise companies are recognized in other categories including investment level, overall system size, most improved satisfaction, and Franchise of the Year.

Since 2005, nearly 500 leading franchise systems have participated in Franchise Business Review’s annual Franchisee Satisfaction Awards. 150 of those franchise businesses have been recognized for their system’s excellence, as rated and reviewed by their own franchisees.


FOR MORE INFORMATION

REGISTER HERE


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[E-IDEA] Five Steps to Social Media Success

Over the past two months, I have presented in several webinar series and have spoken to various groups about using social media within franchise organizations. Specifically, about [E-IDEA] that was originally posted on LinkedIn and on this site in June 2009. As I’ll be completing the Frantelligence Webinar Series with Franchise Business Review this coming week, I thought it appropriate to repost the original [E-IDEA] article.

[E-IDEA] Five Steps to Social Media Success

I recently responded to a LinkedIn discussion post on one of the franchise groups. The discussion was “What do you see as the biggest challenge this year in franchise sales and development growth?” I thought this the perfect opportunity to present my five steps to social media success and responded accordingly.

The biggest challenge will be to capitalize on the influx of interest generated through social media.

As today’s franchise candidate has become more sophisticated, educated and technologically advanced than ever before, many will spend a great deal of time within social media, exploring franchise opportunities.

To effectively capitalize on this interest, franchisors will need to embrace social media as an integral component of their overall franchise marketing and development strategy, and integrate the same with traditional strategies. A firm commitment of time, money and other resources must be dedicated to the initiative.

ideaOh, don’t think it would work by having someone play around with Facebook or Twitter without a strategy in place. That definitely won’t work. Instead, it’s going to take a concentrated focus, or as I fondly describe as [E-IDEA], the acronym for franchisEssentials five step process to social media success.

1. Exploring different aspects of Social Media, including Social Networking and key Web 2.0 technology that creates excitement and brand awareness within your industry segment.
2. Identifying primary and secondary targets – Who will be targeted to purchase and/or visit your franchise locations? How deep do the target groups go and are there collateral groups that can be tapped?
3. Developing a Strategy and Plan of Action – Customized to specific targets in accordance with franchise development goals and objectives?
4. Executing the Plan – Putting the plan in motion including monitoring, managing the process including new content and updates. Keep it fresh!
5. Analyzing & Quantifying the Results – Is it working? Do you continue straight ahead or repeat the process from the beginning? What are actual results in franchise sales and system revenue?