Franchisees Should Learn From Each Other

If you own a franchise you should be in contact with your nearest franchisees and share information as if you were the manager of a corporate store. You should set up meetings once or twice per month and have their phone numbers logged into your speed dial for easy reference.

You should learn from the experiences of your fellow franchisees. For example, let's say you found out your next-door franchisee neighbor as a certain type of customer and you are starting to see a few of these types of customers come into your store. You decide you would like to see more of them as their average ticket prices are better than your current average customers. You, of course, will want to learn all you can from your neighboring franchisee and what they have done to target this market segment. It's really nice to know you can pick up the phone and call a friend who has answers to these types of questions you might have on a regular basis. They can help you by:

Allowing you to work with them in their store for a half of day

Introducing you to certain types of customers to help you understand their needs

Explain idiosyncrasies in serving different market segments

Dealing with these different customers and their fears

Learning how to best service these new customers and understanding their buying behaviors.

This works well. Your regional director can also help you but he/she may be learning as they go just like you. As a franchisee you have a team to plug into, it is a system, the system is dynamic and you can learn from it to help you become more efficient and profitable. You should call your Regional Directors as well as your local franchisees, because two minds are better than one. We know you can figure it out, but it sure helps to have the extra support. Maximize the team synergies of your franchise system, stay plugged into the strength of numbers and economies of scale. Think on this.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

In The News:

HomeGrid Forum Continues Support of Next Generation ITU-T Home ...
MarketWatch - 16 hours ago
... towards advancement of the International Telecommunication Union's Standardization Sector (ITU-T) G.hn next generation home networking standard. ...

Social networking under-11s demand ‘on the go’ access
WalesOnline, United Kingdom - 6 hours ago
He said children were now even demanding a Blackberry, which would give them “access from their pocket” to popular social network sites such as Facebook, ...

News Line 365
Yahoo Mash: When getting social isn't enough
CNET News, CA - 16 hours ago
It's the latest social-networking failure for Yahoo, which was unable to get its earlier "Yahoo 360" network off the ground, and once attempted to purchase ...
Yahoo trashes Mash, still looking for social network glory Ars Technica
Wake Up, Yahoo! Motley Fool
The Death of a Social Network: Yahoo Mash Kicks the Bucket DailyTech
Financial Times - Appscoutall 50 news articles

Networking, hope for displaced workers
TMCnet - 14 hours ago
They can network," Clark said. "And even if they have a computer at home, they should come in." To see more of The Frederick News-Post, or to subscribe to ...

Jose Gutierrez Inducted into Cambridge Who's Who Executive ...
24-7PressRelease.com (press release) - 4 hours ago
He stays current with the trends in his profession by networking. Mr. Gutierrez hopes to expand his business in the future. For more information on GG & G ...

Social Networking for European Disabled
The Open Press (press release) - 4 hours ago
DisEuropa.eu is a totally free social networking site with a difference. It has been set up primarily for disabled people in Europe to connect, share ideas, ...

Online Games Entertainment Industry Changing Social Networking.
Corsavoo.com, France - 7 hours ago
Traditionally, this is the perfect time to position yourself in the online games and social networking market building for yourself immense momentum. ...

Research and Markets: Application Networking Services can Help ...
MarketWatch - Aug 28, 2008
s new report "Application Networking Services can help better integrate branch offices with HQs at global enterprises, but enterprises need to select ...
Examine the Biggest Challenges to Enterprise Network Upgrade ... MarketWatch
all 22 news articles

The Free Lance-Star
Social networking site has legs (four) Dog- and Family-friendly
The Free Lance-Star, VA - 6 hours ago
He'd been interested in creating a social networking site but was disappointed to learn his first idea--babyspace.com--was already taken. ...

Ocean Tomo to Sell Highly-Cited Social Networking Patent at Live ...
MarketWatch - Aug 28, 2008
CHICAGO, Aug 28, 2008 (BUSINESS WIRE) -- Ocean Tomo Auctions today announced a fundamental patent relating to social networking technology, US 6480885, ...
networking - Google News


Ebooks, Scripts, Websites, and more...

Adsense websites

Are You in the Relationship Business?

Are you in the relationship business? Of course you are.... Read More

The Anatomy of a Brain Cramp; The Retainer and the Lavalava - Communication

In life, you have to successfully work with people to... Read More

Unforgettable First Impressions Part 3: Time is (Not) On Your Side

You only have three seconds?Connect in under a minute?People decide... Read More

Community Involvement Networking

It is important for you to join at least one... Read More

How to Avoid Falling Asleep Behind the Conversational Wheel

Think about the last time you feel asleep behind the... Read More

Land the Ideal Job Using Social Networks

With at least 60% of job-seekers finding employment through networking,... Read More

The Festive Season: Your Networking Opportunity

The festive season is a great time to sharpen and... Read More

Who Are You and What The Heck Do You Do?

A few years ago, I was attending a family function... Read More

Real Business Networking Doesnt Happen at Networking Events

Real networking isn't about handing out business cards at a... Read More

Powerful Networking: Focus on Building Connections, Not Closing Sales

You can find numerous references in the business literature about... Read More

Unforgettable First Impressions Part 1: Discover the CPI

People like others whom they are like. So if you... Read More

Effective Business Networking: 5 Tips For Mastering The Art of Networking

The heart of any business is the connection it has... Read More

Lesson 69 - When Networking Events Fail

The StoryIn a quest to create strategic alliances, coalitions, and... Read More

Networking

Networking: Is it who you know or what you know... Read More

Alcohol & Events

Many people associate alcohol with relaxation and fun, so it... Read More

Why Bother With Social Networking Sites Like LinkedIn?

Q: I think I understand the value of networking as... Read More

Networking Know How

Networking, even to a seasoned professional, can seem intimidating or... Read More

Ask for Referrals: And Get the Answer You Want!

Why are people scared to ask for a referral? Is... Read More

What a Leads Exchange Group can do for You

What is the definition of a leads exchange and how... Read More

People Know People

I recently entered the keyword "networking" into Google. In 0.13... Read More

Talk Isnt Cheap

The most successful organizations have good communication skills. Survey after... Read More

Creating Successful Alliances and Partnerships through Networking

Douglas Wilder, former Governor of the Commonwealth of Virginia, and... Read More

Good Manners Mean Good Business

Good manners, good networking and good business all have the... Read More

Sharpen Your Business Networking Skill To Grow Your Small Business

Most people become lax at maintaining their professional business network... Read More

Networking: Is Your Approach Too Self-Centered?

It's a classic mistake by networkers: their approach is focused... Read More