Young and New Franchisors Should Crunch the Numbers on Online Ordering
While ordering food online through apps such as Grubhub or Uber Eats has only been around for a few years, it has made a huge impact. …
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3 Ways to Build a Financial Support System For Franchisees
Success for any franchisor can be measured by their number of healthy franchisees. The statistics bear out that franchises fail about as often as a regular…
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Five Ways a CFO can Help you Stick Out in a Competitive Franchising Landscape
While it is hard to get an exact count on how many franchise brands are in the United States, the number is somewhere between 3,500 and…
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Who cares about GAAP? Unfortunately, Franchisors must
GAAP is the four-letter acronym for Generally Accepted Accounting Principles….most non-accountants have other four-letter words they might use to describe it. Most entrepreneurs and business owners…
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Strategies and Costs of Franchise Development
Quick answer: franchise development costs fall into a few buckets — legal and FDD work, brand and marketing, franchisee recruiting, and the support infrastructure to keep…
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Why Your Income Statement Doesn’t Match You Bank Account
“How can that be my net income?” “I didn’t make that much, check my bank account?” “This income statement makes no sense to me” I have…
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Marketing, Customer Value, and Capital Allocation: 3 Things Small Businesses Can Learn from Spotify
Spotify is going through changes. Recently their CFO announced he would be leaving and an in-house candidate was chosen to succeed him. The Company is in…
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14 Budgeting Season Tips and Tricks
The season is upon us….its that time of year you walk into Hobby Lobby and know exactly what time of year it is without need a…
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That Other Statement – What is the Statement of Cash Flows?
Earlier this week I was having coffee with a potential client when I heard two interesting statements from him within 5 minutes. It started with him…
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How to Win in a Fighter Jet and in Business
Many would be surprised to learn that there was little science to flight combat during World War I and II. In fact, the beginning of thinking…
Read moreA Quick History on “Paying Yourself First” and Why It Matters
I didn’t learn it on my first go around. I studied a lot about entrepreneurialism and small business. Like many, I read books, articles, and most…
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Your Accounting and Finances Could Be Better
Some might look at the title of this article and say “Oh ya, how do you know?” Odds are, you fall in one of those groups. …
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