For a franchisee, business and personal life often blend together. While there are downsides to this, the upside is the commitment they bring to looking after their staff and their customers.
Yet recent data we have been collecting highlights a need for franchisor support office teams to be more tuned in to this personal factor. See our latest Franchising Fact below for more on this.
Speaking of franchising's personal side, our Founder, Greg Nathan, was recently interviewed about his personal journey in franchising by Colin Pearce for the Be So Good podcast. Greg also shares several insights into the franchisee's personal journey, as well as some useful tips for franchisor leaders. You can check it out here.
In today’s Positive Franchising Update you'll also find:
Speaking of care, our thoughts are with everyone around the globe suffering from lockdowns and negative health impacts, including the people of Melbourne who go into lockdown today. Please take care out there.
If we have worked with you in some way over the past 17 years, you have probably met the amazing Ree-Anna Chatman, as this is how long she's been looking after our clients. Ree has a big heart and a curious mind. She asks great questions and cares deeply about our clients. For Ree, business is personal. In addition to her knowledge of what drives healthy franchise relationships, she has an interest in sports psychology and has been a State Level softball coach. Ree is also the loving mum of two beautiful young boys. Thanks Ree for all you do for our team and our clients!
These tips on how to support franchisees at the personal level have been collected from discussions by franchisor executives in our various training workshops.
Use round table discussions and franchisee panels so they can share their experiences and be recognised for their expertise.
Many clients use our ACE Survey to measure the factors that drive franchisee satisfaction. Recently, we have also been measuring important behaviours by franchisor support office teams linked to franchisee satisfaction.
The area where franchisor teams are rating themselves the lowest is in connecting with franchisees as people. For instance, knowing their names and their history with the network, or taking an interest in their personal well-being. Recruitment, Operations and Property/Leasing teams tend to rate themselves stronger in these areas than those who work in Finance and (surprisingly) HR. Our research tells us that taking an interest in franchisees as people has a big impact on their overall satisfaction. This is why we particularly focus on this in our Culture of Franchising workshops. While the next workshop in June is booked out, we still have places in the September program. Feedback from these convenient virtual programs is extremely positive with franchisor teams from all departments consistently reporting high levels of satisfaction and value from their involvement.
Since 1990, 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.
Sign up now to receive your regular free tip from one of the leading thinkers in the world of franchising.