Craig Derene’s Post

With its proven business model renowned for its scalability and operational efficiency, franchising has emerged as a potent vehicle for driving social impact initiatives. https://lnkd.in/eGnAvJkr

Does anyone have direct experience with the Master Franchisee model for expansion, whether as the franchisor or the master franchisee him/herself? Do you think this article properly conveys the benefits and the risks? https://lnkd.in/eSdi-Guh

Continuing with my theme this week on the importance of technology in franchising, it is indispensable for maintaining compliance, enhancing efficiency and improving communication in the franchise industry. https://lnkd.in/eR87exVe

As the pace of technological advancements accelerates, franchisors must continuously educate themselves about emerging trends, determine which developments are worthy of investment, and pass those on to franchise owners. As such, franchisors’ willingness to embrace and adopt relevant tech advancements is increasingly factored into prospective franchisees’ evaluation of business opportunities. What are your non-negotiables for technology adoption in the industry? https://lnkd.in/ez-EnCTn

Brand acquisition can be an attractive growth strategy for franchisors and small businesses. Many small businesses find themselves at a ceiling after years of acquisition, and joining a franchise system equips them with the support and resources they need to continue scaling while bringing their product or service to more markets across the country. Franchisors, especially those looking to grow an existing system or build a multi-brand portfolio, can collaborate with these owners to propel their growth even further. https://lnkd.in/epDbAGje

Data privacy is a pressing concern for businesses worldwide, and the franchising sector is no exception. With the increasing number of state and international laws governing data privacy, franchises must navigate a complex legal landscape to ensure compliance and protect customer data. https://lnkd.in/efWvTVa3

Perspective is everything when it comes to failures. By changing how you view them, you can turn even your biggest flops into opportunities for innovation and success. https://lnkd.in/enbdEdBz

According to one study, 40% of small business owners are baby boomers. There's also evidence that many baby boomers are delaying retirement, either because they feel they can't afford it or because they enjoy working and want to stay busy.  Luckily, most “boomerpreneurs” possess great traits that prime them for entrepreneurial success—and these traits can be emulated by other generations as well. https://lnkd.in/dMD2m9D6

Artificial intelligence (AI) is a transformative force, offering tools and technologies to revolutionize marketing strategies, enhance operational efficiency and streamline human resources. It’s estimated that 73% of US companies have already implemented AI in their operations, paving the way for significant growth and success. While many businesses have taken the leap toward innovation, franchise owners have immense potential to leap ahead by integrating AI effectively and embracing technology advancements. https://lnkd.in/exGuSxu4