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How "Unreasonable Hospitality" Drives Success #64 Close The Deal
Manage episode 442699239 series 2862017
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Steve and Tracie Shatkin share how "Unreasonable Hospitality" drives coffee shop success...
3 Value Bombs:
Invest in Long-Term Relationships with Franchisees
The interview emphasizes how crucial it is to build trust and long-term relationships with franchisees. Success in franchising doesn’t come from simply selling franchises; it comes from understanding your franchisees' needs, providing ongoing support, and helping them thrive over time. This creates a mutually beneficial ecosystem that leads to sustainable success for both the franchisor and franchisee.
Systems and Processes are Key to Scaling
A recurring theme is the importance of establishing well-defined systems and processes. These structures help maintain consistency across franchise locations, ensuring quality and brand integrity. Franchisors who prioritize this aspect set themselves and their franchisees up for smoother operations and easier scaling.
Franchisee Selection is Critical
Not all potential franchisees are a good fit. A significant takeaway is that franchisors should focus on selecting franchisees who align with the brand’s values, culture, and vision. This alignment is a key indicator of long-term success, as franchisees who are passionate about the brand are more likely to put in the effort needed to make their business—and the franchise—prosper.
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Ewell interviews franchisors and franchise industry leaders to educate first time franchise investors. Get behind the scenes information so you start the process and close the deal on your first franchise.
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