Neighborly®, the world's largest home services company, announced that Mike Davis will become its new CEO, effective July 8. Jon Shell, who has served as interim CEO since September 2023, will resume the role of Chief Financial Officer. https://lnkd.in/gqYuayTf
Curious about investing in The Cleaning Authority?
Get your top questions answered! From financial considerations to support structures, we've got you covered. Don't miss this chance to explore the lucrative opportunities waiting for you with The Cleaning Authority!
#FranchiseInvestment#FAQs#TheCleaningAuthority#CleaningIndustry#BusinessOwnership
I Teach Accounting & Finance Professionals How to Start A CFO Firm with Seven Figure Potential | Training for Existing Firms on How to Offer CFO Advisory Services |
Overwhelmed by the uncertainty that often accompanies election years? Check out this month’s Entrepreneur article by our Chief Development Officer, Jeff Brazier for tips on how to prepare your business and mitigate risk: https://lnkd.in/ggBiR9UG
I love how plainly and simply Ryan breaks down the winning formula for success in franchising and business ownership WITHOUT just buying yourself a job.
This is obviously just for illustrative purposes, but this shows how powerful a franchise investment can be...and the potential beyond this simple example can be even more life-changing.
His Breakdown:
🚀 We're talking about a $600K venture, a 15% manager fee, and impressive $90K returns!
💸 Ryan started with an initial $300K investment, placing $60-90K down, and strategically borrowing the rest.
🔄 Witness a remarkable $90K cash flow, all thanks to a savvy manager requiring minimal effort.
This is a dollar-for-dollar return, a strategic move by Ryan - not your average passive income, but a well-calculated play.
🎥 For a deeper dive into the specifics, check out our previous upload at [video link]...
#FinancialInsights#InvestmentStrategy#StrategicReturns
Earlier this week I joined an AGM with one of my managers to help provide support as there was an owner agitating to move to another operator.
Their driver was purely price based. The 'local' franchise quoting against us had a lower price point per lot and was offering three months for free. Out of industry-collegiate-courtesy, I won't name them, but it is so frustrating to have this floating around the marketplace.
Please stop offering 'try before you buy' incentives and price undercutting to change #stratamanagement . We've all tried it at some point, and it doesn't work. Years later we now are facing down a crisis of sustainable profitability and severe mental health outcomes for our staff across the board.
This will only lead to worse client outcomes, poorly managed property and service delivery, and potentially questionable practices to make up the missing remuneration elsewhere.
This property came to us after their previous manager abandoned them overnight, with no records and nothing in the bank. We're now 3/4s through a multi-million dollar restoration project and I was beyond proud when the other dozen owners shouted down that one owner for trying to move over a $50 saving per year, each.
Going cheap bit them the first time. And they made the choice not to do it again.
Just because your #strata business is small in size, doesn't mean you have to quote low to win work.
#ownerscorporation#bodycorporate#property
Franchisors (the companies licensing their business name and model) and franchisees (the operators of individual franchise locations) want the same thing from their relationship: profitability. 💰
But the tricky thing is, franchisors and franchisees have different views of what profitability means to them. 🤔
To achieve mutual success, franchisors and franchisees need a shared budgeting process and common financial reporting system that makes it easy to find the insights they need—both top-line revenue and bottom-line profits. 📊
On the Vena blog, Michael Iannuzzi, Partner and Co-Practice Leader of Finance Industry Practice at Citrin Cooperman, breaks down the challenges franchises commonly face in analyzing financial performance and how to surmount them with the right strategies and technology. 👇
https://lnkd.in/dFzrpDpy
𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝗮 𝗳𝗿𝗮𝗻𝗰𝗵𝗶𝘀𝗲? 💼
Before you sign the dotted line, it's crucial to assess its financial health.
𝗧𝗵𝗶𝘀 𝗯𝗹𝗼𝗴 𝗽𝗼𝘀𝘁 𝘄𝗶𝗹𝗹 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂:
✅ Analyze financial statements
✅ Understand unit economics
✅ Evaluate franchise fees
✅ Assess franchisor's stability
✅ Consider your own financial situation
Ready to learn more? Get in touch and request your FREE consultation with us! https://bit.ly/3WrJKew
It’s a common practice for franchisors to overlook their CFO’s potential in sales.
➡️ However, it’s crucial to consider their unique expertise.
After all, a franchise’s sales are about articulating value. And who better understands the intricacies of building financial and articulating value in a company than a CFO?
Seeking their assistance could be a game-changer for your franchise sales!
Learn more about articulating value in franchise sales in our latest blog 📲 https://bit.ly/3wJ3znz#KriegerAnalytics#Finance#SmallBusinessOwner#CPA#CFO#Entrepreneur#Accounting
#Franchise brands know the importance of analyzing financial performance 📊 to drive growth. But with locations spread far and wide, many lack visibility 🔍 into operations across units.
Learn what steps #finance pros in the franchise world can take to unify their reporting—and make life much easier in the process—in our blog. 👇 https://lnkd.in/dFzrpDpy
Director@Bluon | Trades Enthusiast | 24yr HVAC vet | Servant Leader | Problem Solver |
2moMike Davis 🤝 Here’s to the adventures & growth ahead!