The kind of help that one can get from a franchisor varies. In most cases, it depends on the franchisor’s size, the industry, and the parent company’s financial capability. Here are some examples of the help offered by a franchisor.
Employee motivation is a critical aspect of the success of any organization. Therefore, it is essential to reward employees who perform exceptionally according to the objectives of the franchise. This results in higher employee retention and may benefit your franchise in various ways.
Key performance indicators (KPIs) are measurements used to analyze the performance of a company or organization. Monitoring the success of any franchise includes using KPIs to determine which activities are working and those that are not. There are specific KPIs that all franchise owners should evaluate in the first year of business.