Ep 8: Q&A from FRANCHISOR RESCUE & TURNAROUND

Question and answer follow-up to ‘Ep 7: Franchisor Rescue & Turnaround’ explores common viewer and listener questions.To get the most from this presentation, it is recommended to have viewed or listened to ‘Ep 7: Franchisor Rescue & Turnaround’ first, which discussed some important considerations for rescuing and turning around a struggling or failing franchisor and/or franchise network.TIMESTAMPS:(0:00) Start!(0:09) Disclaimer & Introduction!(3:32) Can The Podcast Be Sped Up?(4:57) Am I Against Franchising?(11:43) How Do Franchisors End Up In A Situation Where They Need Rescuing?(19:02) What Is 'Churn And Burn' In Franchising?(24:43) How Does A Franchisor In Trouble, Without Available Funds Or Lines Of Credit Get Investors Or Cash Injections?(28:17) When Taking Over A Franchisor In Trouble, Is It Advisable To Appoint A Franchisee Council Or Franchisee Representative Body?(33:54) A Lot Of Franchise Networks Close Many Under-Performing Locations So They Can Focus On Growing Their More Successful Locations. Is This Good Or Bad Strategy?(39:23) How Long Does It Take To Turn Around A Franchisor?(41:42) Is There Another Way To Turn Around A Business Quickly Without Resorting To Discounting?(54:22) What If I Take Over A Franchisor And Then Realise Afterwards That The Model Isn't Viable Or Margins Are Too Small For Franchisees?(57:12) What Do You Do If The People Above You (The Bosses) Just Don't Get What Is Needed?(1:03:32) Is The Advice Relevant To A Full Range Of Industries?(1:05:35) Am I Giving Away All The Best Bits Of Advice For Free?(1:07:35) Wrap Up & Questions!Check us out at: www.fmssupportservices.com.au Contact us at: [email protected] Follow us on Facebook: www.facebook.com/profile.php?id=61562852799935 Follow us on LinkedIn: www.linkedin.com/company/76260689