To help your team start the year in a focused and confident manner, we are offering two highly practical events this month:
1. Free webinar for franchisor executives on Creating Happy Franchisees, (repeated by popular demand), providing a range of evidence-based insights and strategies.
2. Culture of Franchising workshop, to equip your Head Office team with the knowledge and skills to provide empathetic support to franchisees.
You'll find details for these two events below, along with seven best practice tips to reduce franchisee stress, a taste of what you'll learn in the Culture of Franchising workshop.
These 7 tips come from the session on creating an ACE Mindset, part of our Culture of Franchising Workshop. The ACE Mindset is where franchisees are Advocates for your franchise, Committed to investing back into their business, and Engaged in supporting your strategies. Our research shows that helping them to have a positive lifestyle, cultivates this ACE Mindset.part of this.
# 1. Provide training to help franchisees develop a competent and motivated team. A stronger team means less stress on them with more time to work ON their business.
# 2. Have an annual discussion about what’s important to each franchisee and their reason for being in business. Encourage them to stay connected to this purpose.
# 3. Ensure they are having at least one clear day off a week to spend with family and doing the things they enjoy.
# 4. Facilitate small group meetings of franchisees where they can share their challenges and provide mutual support.
# 5. Encourage them to put in place systems for all aspects of the business. This will enable them to take time off with peace of mind that things will run to a routine.
# 6. Remind them to show gratitude to their family for the important support they provide. Positive family support is one of the most powerful buffers to stress.
# 7. At conferences and meetings, include speakers that address the psychology of personal health, resilience and well-being. (By the way, we can help you with this one. Click here for details).
Franchisors are meant to have all the answers, right? So does fessing up to mistakes make you look weak or incompetent? We would say, not at all. Assuming you did your best and are committed to putting things right, explaining what went wrong, what you've learned and how you're planning to fix things, actually builds credibility. Franchisees have an uncanny ability to smell when a franchisor is glossing over mistakes. In fact, our research shows that a lack of transparency, hiding information and not admitting to mistakes is a major cause of franchisee mistrust.
For the past 10 years, thousands of franchise executives around the world have enjoyed receiving a regular email tip from FRI’s Founder, Greg Nathan.
These short stories on the psychology of business and everyday life have been likened to “mind brightening pills” as they open our thinking to fresh insights for improving wellbeing, business performance and franchise relationships.
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