The Four Franchise Buying Styles

In the early 1920s, an American psychologist named William Moulton Marston  subscribed to the idea that there are four dominant communication and behavior styles. Marston discovered those who possess similar characteristics also happen to speak, listen, process information, make decisions and produce results in similar fashion,, classifying franchise buyers as the Action Hero, Comedian, Faithful Sidekick and Private Eye.

image002

Action Hero

Action Hero’s are visionary, entrepreneurial, results-oriented and big-picture thinkers.  They are strategic and efficient, pushing for the quickest, easiest and simplest way to produce results. They would buy a franchise because, “It is an efficient use of resources and the quickest and easiest way to achieve my objectives.” They see the franchisor as a strategic partner but would predictably arm wrestle from time to time over issues of control.
Keys to communicating: Get right down to business. State your objectives for the call up front and ask what they are looking to achieve. State a simple agenda and get their buy-in. Implement the “3 B” communications strategy: be good, be brief and be gone.  Have clear follow-up, knowing who does what and by when. Don’t challenge their opinions or they might get argumentative. Instead, ask permission first: “Would you be open to hearing any data contrary to your opinion?”

Comedian

Comedians are outgoing, gregarious, influential, charismatic leaders, personifying the typical sales and marketing personality. They are optimistic and entrepreneurial and work well on a team. They are brilliant at sales and marketing and make work fun. They see the franchisor as a teammate and seek to build deep personal relationships with the franchisor’s staff. They need to align the business with their identity, looking to see themselves in the business.

Keys to communicating: Chit chat. Get to know them as people. Ask personal questions and expect them to ask the same of you. They only do business with friends, so be informal. Have an agenda for every call, but let them zig-zag in the middle. Move quickly. Crack jokes. Ask questions that get them back on agenda as they drift. Put all follow-up action items in writing.   

Faithful Sidekick

Faithful Sidekicks are slow, methodical and data-based decision makers.  Like the Comedians, they are strong relationship builders, but more low-key and better listeners.  They follow processes and systems. They see the franchisor as an “insurance policy,” thinking, “I would rather hit a single or double with a high degree of predictability than hit a homerun but incur more risk.” They are motivated by security and stability, and they want to belong to a larger group.

Keys to communicating: Slow down. Have an agenda for every call with clear action items. They ask many questions and prefer detailed answers, so leave time for these calls. Ask questions to draw them out. They may not volunteer information unless asked. End calls with clear action steps. They take a longer time to make decisions than Comedians or Action Heros. Don’t push them too hard or they will shut down.

 Private Eye

Private Eyes are highly informed, analytical, data-based decision makers. You have to create a solid case as to why the business is unique, profitable, necessary to the customer and sustainable for the long haul. They follow processes and systems to the letter. They are very quality driven and excel in the technical parts of a business. They prefer to work alone.  

Keys to communicating: They move slowly and methodically, collecting reams of data and asking many questions. They are very risk-averse and may appear to be low on trust or lacking confidence. They are professional in their approach, and it is wise to respect that boundary. Don’t try to be “buddy buddy,” as they will see this as unprofessional and that might create a trust issue. Have an agenda for every call.  Follow the agenda closely without jumping around. End meetings with clear action items, detailing who will do what and by when.

Predicting Buying Styles on the Fly

When on a call, listen for speed and pitch. All fast-talking, expressive “headliners” are either Action Heros or Comedians. In face-to-face meetings they talk with their hands. If you encounter a fast talking, expressive headliner, immediately create some professional distance. Action Heros will respect the boundary and engage you formally.  Comedians will cross the boundary by asking you personal questions.

Conversely, if you immediately experience someone as slow talking, more monotone, and who speaks in whole and complete sentences, know you are talking to either a Faithful Sidekick or a Private Eye.

A simple rule of thumb is that franchisee recruiters want to recruit according to their style. However, franchise buyers want to buy according to their style. The best recruiters are masterful at simply letting buyers buy, giving them what they need and how they need it to make an intelligent decision.

By Joe Mathews, CEO of Franchise Performance Group

We are as passionate as you are

We are passionate about helping people be successful in franchising no matter where they live in the UK or further afield. We serve the whole franchise community with quality, professional assistance in both finding the right franchise and ensuring franchisors develop their businesses exceptionally well.

When working with us you are benefiting from working with a multi-skilled team of professionals. The management team possesses a unique combination of a lifetime of practical franchisor experience with similar time in professional recruitment process ensuring a pleasurable experience for franchisees and franchisors alike. With offices in Banbury and 20 international partners we are a  growing organisation that is able to deliver a high quality service to any individual or corporation anywhere in the UK.

Let us hold your hand through the world of franchising

FFP.png

10 Modern Technologies That Make Franchising Easier

10 Modern Technologies That Make Franchising Easier
New electronics and availabilities are constantly emerging. There’s no denying that inventions and updates of how things are done have been able to streamline business as we know it today. Changes that continue to make life easier when dealing personally, and once venturing out into the work force for the day. While specifics can vary from industry to industry – for instance, restaurants might update how customers are able to order, while service and maintenance companies will want to remind their customers of upcoming diagnostics via email, and son on – it’s these same technologies that work to advance folks as a whole. 
Inventions and updates such as:
1. Smartphones
This might actually be the most important piece of technology that there is. We take our smartphones everywhere. They are how people can reach us (and us them), it’s how we check email on the go, tune into social media, and more. And it can all be done from our pockets. 
2. Customer Loyalty Apps
Rewarding your customers is one of the easiest ways to get them to come back in for a second round of business, and then a third, and so on.  It’s also a way to keep track of consumer behavior in the process. Franchises of all industries are taking advantage of this new tech and gaining business and business insight in the process. 
3. Chat Rooms
Have you Googled something lately? Chances are you got pages and pages of things you didn’t need … as well as various comments and opinions on your topic of choice. Don’t discount these feeds as “just something else on the Internet.” It can be extremely valuable information. If you have some type of concern within your franchise, take to the interweb and see if others have any advice about what you’re going through.
4. PayPal and/or Electronic Receipts
Emailed receipts just might be one of the best things to ever happen to small business owners. No more are they required to print lines of paper; they’re emailed directly to their customer’s inbox. It’s a step that saves franchisees time and money. 
5. Social Media
It’s marketing, it’s public, and it’s in a public setting for all to see. Social media has completely changed the way we look at advertising to customers, and has made it more affordable and more visible. If your potential franchise isn’t taking advantage of these avenues already, it’s high time you consider it as a modern information sharing medium.
6. Cloud Storage
Storing files – whether they be sensitive or not – is an easy way for companies to take advantage of space. Through the help of modern tech, files of all levels of importance can be accessed at any time, from anywhere with an Internet connection. Get rid of space-taking servers within your franchise and consider going cloud-based instead.
7. Online Training
From the most basic of courses to intensive training professions, franchisee owners of all industries have been able to benefit from online training. Employees can gain better work experience, owners can brush up on necessary skills, and more – all from the comfort of a home computer.
8. Tracking
As soon as you order something for your business, you can follow its location online. That means you are easily in control of knowing when something will arrive (no matter how important it might be), without spending time on the phone, or visiting the post office in person. 
9. Updated Software
From a computer program that does all of your accounting, to those that send out invoices or logs inventory, there is a program that’s out to help your business. All it takes is an installation (and understanding how to use the program) before taking advantage of unlimited hours of streamlined processes. 
To find programs that are specific to your brand or industry, consider reaching out to
others in your field or contacting your franchising company directly.
10. Digital Reviews
Once it’s online and out for the world to see, it essentially can’t be unsaid. That also means there is information to be shared and viewed online that’s yours for the taking (or simply to use as feedback). Check online mediums, chat rooms, social media trending topics and more. All of this information exists for public view, and while it might be about you, you’re also part of the public, meaning you can take those words into account and adjust and/or celebrate as necessary.
Thanks to modern tech, you can incorporate multiple steps to make your franchising process easier. Consider these upgrades, and more, for a better way to manage.

Can you Franchise While Keeping Your Current Career?

Can you Franchise While Keeping Your Current Career?
Often times, franchisees decide to open their own businesses after retirement. Maybe they are phasing out of a job, or are seeing their current position come to an end. For whatever reason, they’re going through a professional transition, and franchising is a natural way to find a new career. However, that’s not always the case, nor should it be. There are those who regularly use franchising as a secondary job. They’re not waiting to phase out of anything, but rather, to phase into more success. 
So, can you franchise without quitting or retiring? Absolutely. 
You might be working long hours, but anything worth having is worth working hard, right? And once a location is up and running, you’ll be able to back off greatly and utilize your time elsewhere. Essentially, you might be focusing more effort up front, but your efforts will pay off (and then some) in the end. 
Typical Double Full-Timers
It’s worth noting that many franchisees are already existing entrepreneurs. Whether they own a business or have that “go getter” personality, they are folks who put all of their efforts into making things happen. It’s a type of person who will see much success within their venture. You know the ones, those who have their hand in all kinds of pots – they might own a few rental homes, have investments in local businesses, and so on. It’s not to say that these professionals are any more talented or financially stable (after all, they had to start somewhere), but rather, they have the schedules that allow for starting a new business. By adjusting where their hours are spent, they’re able to get a brand up and running without sacrificing on their first (or first, second, and so on) career.

What About Standard Jobs?
If you have more of a traditional setup, say a 9 to 5 position (and a boss who’s not interested in being flexible), you’re not out of the running, either. In fact, many franchisees have started their ownership under these circumstances. By working nights and weekends and fitting in tasks as their schedule allows (albeit a tight one), they were able to set up shop without quitting their job. 
In most cases, it’s when these franchise locations become too busy that causes them to step away from their first career. That is, with the exception for those who enjoy their jobs and set out to have both in play from day one. 
“It’s Impossible”
Says who? While, yes you might be busy, tired, and have a growing to-do list, who says you can’t make “it” work? So long as you go into the situation while being honest (with yourself and others), you can always fill in the specifics later on. Those who have a problem saying no, or who push for goals that are unrealistic are more likely to be stressed by having two jobs. 
With hard work and while giving yourself true goals, franchising with a full-time job is absolutely possible.
Enlist Your Support Group
Finally, it’s a good idea to have this discussion with those close to you. It’s likely that, for a few months, you’ll be relying heavily on friends and family. While working two jobs, you’ll need someone to help pick up the slack – even if that slack is just in the quality of time you’re able to spend with others. You need to make sure they understand and are agreeable toward your decision. Married couples will likely need their spouse to help with things at home or with younger kids, when present. And if franchising with others, you’ll need to be honest about your availability, what tasks you can take on, and so on. 
Though starting off your franchise with a secondary job might create a busy schedule, it’s one that allows you to do it your way. To keep a steady income, the job you love, or both – all while pursuing your dream of owning your own business. 
To learn more about the process, or to learn from others who have been there first, check out previous blogs, including our popular success stories!

8 Concept Franchises That are Making it Big

8 Concept Franchises That are Making it Big
There’s a fine line between making it big, and doing something off the wall. That’s a reality that business models have taught us throughout the years – that there is no such thing as a “sure thing,” there is only a such thing as hard work and market research. Because it’s much easier to create a successful business with a model that works – vs. putting in extra hours to fix what could have been done better from day one.
Which is exactly what these franchises did. They took a model that worked, and they turned their branch into a booming location. Only they put their own spin on it along the way. Instead of choosing a product or service that everyone knew, these franchise owners went in a new direction. And their efforts are paying off, and then some.
Take a look at these concepts that broke the mold, and consider why one of them (or an entirely new concept) could be your next business venture.
1. Farm-to-Table
This theory is nothing new, right? Food is grown, harvested, and then cooked. It’s how our ancestors ate for hundreds of years. Until packaging and pre-paid items became quick and convenient, this was just called “food.” But now it’s making a comeback. Franchises and utilizing local produce and livestock, seeking out local talent (like cheese makers beekeepers, etc.) to get flavorful items fresh, close to home, and that are prepped by talented hands. Put it all together, add some rustic décor, and you’ve got the farm-to-table market to a T. 
2. Marketing … And 
In one of the most interesting concepts yet, companies are offering up expertise and a side of lunch. Or a craft lesson with some wine. Maybe even a photography session with a makeover thrown in. Whatever the industry of choice (the bread and butter behind the concept), companies are topping it with an added incentive to get folks in the door. The secondary add-on isn’t as big of a focus for the brand, but is generally something that’s desirable, and acts as a way to bring in new faces.
3. Training
You don’t have to offer it, you just have to teach others – that’s the motto of many new franchises. Companies are popping up across the country to serve as training programs in any number of industries. Here, the brand serves as a school and stepping stool, then places their gradates into the real world. 
4. Traveling Trucks/Vans
Can your business work on the go? Can you offer massages? Meals? Eyelash extensions? Or anything else from a small, yet mobile location? If so, you can join the success of many others through a mobile business. Perhaps the best thing about these concepts is that they don’t require rent or utilities – so long as the vehicle is paid for, along with your supplies, it can be an easy way to cut down on business expenses.
5. Green and Clean
No matter what type of industry you’re in, there’s a way to make yourself more ecofriendly. It’s a route all types of companies are taking not only to help when marketing, but to gain tax credits for their efforts. Recycle, reuse, buy used, and more. It’s a dual-positive approach that has been used by various industries, adding to incredible amounts of success.
6. Single Food or Service
A restaurant location might sell potatoes, and that’s it. Those potatoes can be ordered in tens of different ways, but don’t ask about steaks or salads, because potatoes are all that’s on the menu. The same can be said for a service industry. For instance a company that only changes your oil, maybe a stylist who colors hair, but doesn’t cut it. By specializing, folks are able to establish themselves as a go-to expert … plus they offer the novelty of being unique. Everyone offers more, they offer more choices of a single thing. 
7. Internet-Based
Being mobile isn’t the only way to get rid of office expenses. You can also go virtual. When providing services online (web design, dietary consultations, home loans, etc.), franchisees can appeal to a wider customer base. But without actually having to physically relocate. It’s a setup that allows franchise owners to specialize in a particular industry, and to cut down on brick and mortar expenses.
8. Handmade Goods
Even if they aren’t made by the franchisee’s own hands, designer pieces like clothes, jewelry, and accessories are making their way in the fashion market. Coming off years where retail was king, customers are finding more satisfaction from shopping local and finding pieces that are more unique. Essentially, it’s a combination of DIY and a proven business model, providing the best of both worlds for all types of entrepreneurs. 

5 Benefits to Franchising in a Rural Location Off the beaten path vs. mainstream

5 Benefits to Franchising in a Rural Location
Off the beaten path vs. mainstream, it’s a consideration that many potential franchisees completely overlook. Rather than deciding on a town for what it has to offer, they opt to start a business near where they live. With an easy commute and minimal adjustment to their current lifestyle (for instance, not having to relocate), it helps make the entire transition an easier one. 
But what if there’s more business to be found out there? Just by placing your business in an alternate location. This can be done without completely moving or uprooting your life, yet can offer an immense amount of benefits, such as a larger customer base or fewer brands competing. 
When setting up your franchise – whether it’s your first or your fortieth, look toward location in the beginning stages for a chance at a market you’ve yet to tap into. 
1. Open Where you Like
In rural settings, there are fare fewer businesses than in the big city. This means you’ve got your choice at real estate locations, buildings, and more. Sure there will be a few town holdouts, but you can gain access to some seriously unique spaces that can bring in business just based on their personality alone. Also, there’s no fighting with the landlord over taking hidden or sketch spot off of their hands. 
2. There’s Less Competition
Fewer businesses in general mean there are less guys out there vetting for your business. Gain peace of mind knowing that the big guys are further away, and that you can win your customers over just by giving them great local service.
3. It’s an Easy Second Location (or First)
If you already have a stop in Mainstream, America, going rural can easily add a new franchise location without adding a large amount of travel. Depending on just how close you are, you could even employ the same workers for both stops, and get happy customers to spread your bidding to their friends. 
4. It’s More Affordable
Forget pricey real estate. With more rural towns, you can gain access to some of the best prices around. Whether you choose to buy or rent, your monthly fees will be at a far more affordable price point. This also means you can get more for your efforts, whether in quality of space, or its size.
5. You Develop a Relationship with Locals
While it might not be a scientifically proven fact, it’s hard to argue with the logic that folks are friendlier in smaller towns. This means, when opening up shop, you can develop a closer relationship with those who come inside your doors. You’ll get to know them, and vice versa, which is also a recipe for repeat business, loyal reviews, and a growing team of folks who are simply on your side.