Strokes of the franchise business
The 5 Spokes of Every Franchise Business By Rick GrossmannJuly 07, 2017 GaudiLab | Getty Images When I evaluate a franchise organization, we always use a hub and spoke model as a focusing tool. This is applicable for any business model and allows us to break the business down into manageable categories or departments. We can then create a game plan for growth within each area. Think of your business as the center or the hub. The five spokes break down into Leadership, Finance, Operations, Marketing and Technology. Leadership Leadership is the most important controllable factor in any franchise business. I have seen great business models fail due to weak leadership. On the other hand, I have seen many basic businesses thrive due to great leadership. Every business that has a team, staff, employees and customers (which is almost all of them) needs to have a clear leadership development plan. Try these tips: Begin with a basic leadership organizational chart (org chart) and job desc
