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Forbes: Three Pillars Of Success For Franchisors In Franchise Development

As businesses adapt to the changing needs of customers, SMB Franchise Advisors identify essential steps to help grow the franchise industry.

By Nikki Crosthwaite1851 Franchise Contributor
SPONSOREDUpdated 8:08AM 06/03/22

The key to a growing franchise industry is attracting the right franchise owners. SMB Franchise Advisors helps build the framework, documents and materials needed to successfully begin offering a brand to franchise candidates and welcome new franchise owners to a brand’s system. The company helps brands compete in a crowded marketplace and ensure they are doing everything possible to achieve their vision.

It all comes down to three fundamental steps: focus on highlighting differentiators, prioritize communication with candidates, and be aggressive with marketing and advertising. Brands have to be willing to identify when a strategy isn’t working and modify their plans to make the brand succeed moving forward.

“If your current marketing models are not driving in the revenue you are looking for try something new,” said Steve Beagelman, Founder and CEO of SMB Franchise Advisors. “Don’t be afraid to put money into hiring a marketing agency, a consultant or into rebranding, as you may end up with a campaign that will elevate your presence in the market.”

Following these fundamental steps will set a franchise up for success.

To view the full Forbes article, click here.

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