As with all other businesses the franchise sector was hit hard in 2020. In the US the majority of franchise businesses operated under reduced employment due to limited capacity and revenue deterioration. With significant government assistance, FRANdata predicts that nearly all of the economic damage created by the COVID-19 pandemic could be erased in 2021. Specifically, franchising is projected to open more than 26,000 locations, add nearly 800,000 new jobs, and contribute $477 billion to the U.S. GDP.
As a franchise organization grows there are risks that the individual franchisees save and retain information in silos. The franchisor needs to make information accessible, accurate, and up-to-date. Without this, commercial, brand, and workforce risks begin to creep in.
Let’s look at a few challenges for franchise businesses and show how an intranet can help overcome those pain points
Franchises work in part due to the consistency of brand, design, and service. Franchisors expect customers to be able to walk into any outlet and have the same brand experience. Having different pricing, marketing materials, logos/pictures, brand slogans or promotions is embarrassing and potentially damaging, calling into question the consistency of the business.
A successful franchisor-franchisee relationship is built on discussions that derive from honest, two-way communications. Franchisors need to stay in touch with their franchisees to educate, inform and keep morale high. A lack of communication can take a serious toll on franchise owners, particularly on the finances. Without clear communication or feedback opportunities changes can trickle down from head office to the franchisees providing limited time to make necessary adjustments to sales and operations.
Workplace culture has a major impact on how you get your work done and how you feel every day, both on and off the job. A poor culture can induce stressful and negative employee experiences, which could eventually result in reduced and adverse business outcomes and low productivity.
A huge amount of effort and resources from the franchisor and franchisee will have been devoted to setting up the business. The last thing either party wants is for the business to struggle because of a lack of support. The franchisor’s top goal is to support their franchisees, making sure they happy, healthy, and secure in order to perform at a high level. If the franchisee gets that support from they are going to have no problem going the extra mile, enthusiastically cooperating with the strategy and growth ambitions.
With a comprehensive suite of tools and applications ready to go, out of the box, GreenOrbit will satisfy the needs of head office, support managers, regional managers, franchisees, and employees. Take control of your brand, and empower your franchise network to share knowledge and access the information they need, when they need it.
Want to know more about how GreenOrbit can support your franchise organization? Contact a consultant for a personalized demo.