In any workplace, improving the workflow and eliminating waste ensures that not only will your business run as efficiently and effectively as possible, but it will create a much easier and less stressful environment for you are your employees to work in. It’s a little bit like the saying ‘happy wife, happy life’ … happy staff, happy life? Ok, the rhyme doesn’t quite work. However, the majority, if not all of your business results are relying on your staff. If you or they don’t know how to organise their tasks and do things in the best way possible, or the work environment is messy and rushed, it could result in low motivation and productivity which will have a big impact on your business.
Once you have narrowed down your shortlist, you will need to start approaching franchisors. It is important to remember that the franchisor has invested a lot of time, effort and money in building their brand, so they want to ensure that you will be the right partner for them to achieve mutual success. They will also not want to have a franchisee failure on their hands, as this will reflect badly on them insofar as a banks view on their network. It will also have a significant drain on head offices resources, as they will need to manage the situation pre-failure. Finally, the other franchisees will be affected by a fellow franchisee failing, and this will impact on the overall network morale.