Franchise News

Entrepreneur Magazine: Your Business Has Two Options: Adapt or Die
Franchisors share insight on how to evolve to stay on top in a competitive industry

Franchise News

Franchisors share insight on how to evolve to stay on top in a competitive industry

In the rapidly changing business landscape, it’s often a case of adapt or die – as failed legacy brands such as Blockbuster, RadioShack, and Kodak, can certainly attest to.
In the June issue of Entrepreneur’s Startups, a variety of franchise executives discussed the changes they had to make in order to continue their growth and to spur even more success in an increasingly competitive franchise industry – while navigating the tricky waters of gaining buy-in from established franchisees in their systems. In 2011, noticing the shift toward more digital learning platforms in the classroom, Sylvan Learning decided to roll out the Sylvan Sync program to modernize operations across one of the oldest tutoring franchises in the U.S. The shift was a huge success, providing parents with a more convenient method of tutoring for their children, but more importantly supporting franchisees and offering them an alternative to expand their business without needing a brick-and-mortar location.
“Going from an analog platform to a digital one has put us far ahead of the competition,” Sylvan Learning Chief Marketing Officer Julia Fitzgerald told Entrepreneur’s Startups. “The tablets enable the franchisee to expand their business model, and all of this data helps corporate and our franchisees adapt our products for greater student outcomes.” Another offshoot of going digital was the launch of the highly successful Sylvan Edge product focused on the STEM subjects, which has proven to be another lucrative revenue stream for Sylvan’s franchisees.
Read the full Entrepreneur Magazine story here.
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About the Author
Brian Jaeger is a Vice President of Media Relations at No Limit Agency. Brian joined No Limit Agency after seven years working for local television news stations in Florida, four years at WCJB in Gainesville and three years at Bay News 9, the 24-hour local news station in the Tampa Bay area. Brian is a graduate of the University of Florida, where he studied journalism and telecommunications. He brings a journalist’s viewpoint to the public relations field, and when he’s not busy telling the stories of No Limit Agency's brands, you can find him writing, on a karaoke stage, or cheering on the Gators.