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Andy Bell was tired of the corporate world after 17 years in the food and beverage industry. In 1998, he founded his own franchise Handyman Matters in Lakewood, Colorado. Over the next 21 years, Bell would build the system to 57 franchisees collectively employing approximately 250 handymen and women in 121 territories across 23 states. In 2019, […]
What is Your Franchise Worth? Read More »
A commodity is a basic good that is interchangeable with other goods of the same type. For example, silver is a commodity. That is not to say silver does not has value. However, if you were in the silver market, you would not care if you got it from Vendor A or Vendor B. Why? Because silver is silver. The raw
Is Your Bookkeeping Creating Value? Read More »
We are all sometimes guilty of living in our own little bubble. In business, it is vital to know what is going on around you. I have learned in my time in franchising that if you are experiencing a problem or issue, several others are going through the same. In the spirit, here are seven
7 Numbers Franchising Brands Should Know Read More »
Congress has finally passed some much-anticipated updates to the Paycheck Protection Program. While the bill sits on President Trump’s desk for his signature, we can start to look at what was updated. Krieger Analytics My name is Matt Krieger, and I am the founder of Krieger Analytics, a CFO advisory partner for small businesses and
PPP Loan Guide Updates After Congress Approval Read More »
Want to purchase this spreadsheet – for $39 save yourself hours of time. Krieger Analytics My name is Matt Krieger, and I am the founder of Krieger Analytics, a CFO advisory partner for small businesses and franchisors. I am also the owner and franchisor of a concept called Monkey Bizness, in Denver, Colorado. As a
PPP Loan Forgiveness Read More »
…and How to Adapt Let’s talk about habits. There is an excellent book for franchisors and small business owners to read to learn about their customers behaviors– The Power of Habit by Charles Duhigg. In the book, Duhigg explains, “Habits emerge because the brain is constantly looking for ways to save effort. In another word,
Three Ways Customers Might Change After COVID-19 Read More »
Though it is still unknown in many places when non-essential businesses will be given the go-ahead to reopen, that doesn’t mean that steps shouldn’t be taken now. If you are a restaurant or essential business, if you are planning on reopening “business as usual,” you will not be meeting expectations of most customers. Most franchisors
Creating a COVID-19 ReOpening Strategy Read More »
The rollout of the Paycheck Protection Program (PPP) could be described in different ways. I have heard from many, and their experiences have been vastly different. Even within franchise systems, owners have had vastly different experiences depending on if they have a banking relationship and who it is with. As we sit here today, there
Thoughts, Frustrations, and Strategies for Week 3 of PPP Read More »
Hopefully most of my readers have been able to successfully participate in the Payroll Protection Program and/or the Economic Injury Disaster Loan Program for the SBA. As those funds start to arrive in the next couple of weeks, it is important to have a plan to use those funds and identify any upcoming shortfalls so
COVID-19 Cash Flow Forecasting Read More »
In my effort to keep franchisors and other small business owners informed about strategies to work through the COVID-19 crisis, I did another video on the Paycheck Protection Program application process. While the process is straight forward, the calculation of payroll costs and full-time employees is critical. This video walks through both of those calculations
Paycheck Protection Program Application Process Read More »
