The Pitfalls In Franchising - Part 3 | FSTEC 2023 | TechBite

In this episode, we delve into a critical aspect of franchising: What should franchisors look for when selecting franchisees? Our guest, Kendall Ware, a seasoned expert in franchising, shares valuable insights gained from his experience leading both smaller and large brands. As a franchisor, ensuring the success of your franchisees is paramount. Kendall emphasizes the importance of patience and a proven business model. He advises potential franchisors to evaluate their brand's success over a minimum of 2-3 years, proving replicability. The discussion goes beyond financial stability and targets achieved; it explores the cultural fit between franchisor and franchisee. Kendall highlights the necessity of understanding a franchisee's intentions—whether they aim to be passive investors or hands-on operators. #restaurantmanagement #restaurantindustry #smartmenu #digitalmenu #restaurantsystems #smartpos #cdp #customerdataplatform #Franchising #BusinessGrowth #Entrepreneurship #BusinessTips To see more content about us, check our social media pages: Webpage - https://www.milagrocorp.com Tiktok - https://www.tiktok.com/@milagrocorp Facebook - https://www.facebook.com/milagrocorp Instagram - https://www.instagram.com/milagrocorp/ LinkedIn - https://www.linkedin.com/company/milagro-corporation Twitter - https://twitter.com/milagro_corp