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FranX | Navigating Turbulence to Franchise Growth Opportunity

Is a recession looming? How franchisors should prepare for an economic downturn.

By Nick Powills1851 Franchise Publisher
Updated 5:17PM 06/29/22

Recession?

According to JP Morgan President Jamie Dimon, an economic hurricane is approaching? No matter your viewpoint, there's turbulence ahead! So, is now the time to hit the panic button? Cut spending on franchise development?

Remember with turbulence comes opportunity.

  • Start Planning for Q3 and Q4 - Time to drill down into what's worked in the first half of 2022, what's not working, and how to build your right franchise sales pipeline for Q3 and Q4.
  • Look for the Trigger Moments - Economic uncertainty creates disruption and trigger moments that enhance the value proposition of your franchise offering. Understand and build on the trigger moments that attract franchisees to your brand.
  • Fortify Franchisee Support and Unit Economics - In times of uncertainty, don't overlook your greatest asset your franchisees! Focus on their support and unit economics.

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