Franchise News

FranX | Your Training Sucks. Yeah, That’s Right.
Killer brands, killer franchisees, news you can use and more.

Franchise News

Killer brands, killer franchisees, news you can use and more.

There’s no simple switch that transforms your business.
Really big ideas come from how we internalize, evaluate and react to the daily market signals that our businesses receive every day: the wins, losses, setbacks, challenges and everything else.
We all need to uncover our BIG ideas, and to do that, we need to dig deep.
One of the best BIG idea digging tools is Gino Wickman’s EOS System (Traction). Can you answer these questions:
If not, you're missing out on your BIG idea!
Back in 1980 bureaucrat state regulators deemed Apple stock to be too risky for their residents and so the state banned the purchase of Apple stock. Back then, Apple was valued at $100 million and today they are worth more than $1 Trillion.
How McDonald's generates more from its leases than royalties.
Sylvan Learning, a leading provider of supplemental and enrichment education for students in grades K–12 with more than 750 points of presence worldwide, is now expanding its footprint to Yorba Linda with the signing of Sandeep Malik from the IT sales industry. This new signing brings the leading technology and education franchise statewide count to 54, with an opportunity to add locations in 70 more territories.
Malik enjoyed a successful career in the fast-paced world of computer sales before signing with Sylvan Learning, but his family has long had roots in education as his father and grandmother were both teachers.
When Malik’s own children, Naysa and Krishna, reached the age where they could benefit from supplemental education, he found Sylvan’s brand far outperformed the competition. Malik’s first experience with the brand came from sending his own children there.
“There are a few other options in the area, like Kumon and Mathnasium*, but Sylvan is a brand that I completely believe in,” Malik said. “Their technology is constantly evolving, and as much as they do learn in school, teachers and parents can’t always give them all of the attention or information that they need.”
What is in your broker toolbox? Do you have a two-minute drill? Do you have a one-sheeter on why you?
When brokers aren’t selling your franchise, you may want to look internally and ask what you could do better. These folks are not down the hall from you or (in a COVID world) on a daily Zoom. What can you give them that would make their job easier when explaining why your brand?
You need to train them on the art of telling your story.
Was it you? Was it me? Was it both of us?
Often when something doesn’t work out, people blame others. Rarely can people walk up to a mirror, by themselves look in it, and say my bad.
In franchising, training is a few things:
Training is an umbrella term, not a simple solution. When training is done on an ongoing basis — the reeducation of what and why you do what you do — you have the best chance at building a culture around success.
So, do you suck at training? Not all parts. Do you suck at parts of training? Certainly. Fix it. Don’t wait until it’s more broken, do it now. Stop reading, really, and do it now.
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About the Author
Nick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.