Can the model be franchised? Are your margins large enough such that a franchisee will be able to make a profit AND pay your franchise fees? If you go down the franchise route, you will be changing the nature of your business from being a gym operator to being a franchisor, or seller of business ...
Check out a site called SweetProcess to help you build out systems. And also read a book called the E-Myth Revisited to learn the mindset for building them all out. Version 1.0 should be good. 1 year later you'll do a big update to it based on Franchisee feedback for V 2.0
Hi there. I work with people around the world to help them buy and sell businesses. I've been involved in the re-sale of dozens of franchises. I would recommend you read my 2015 book Franchise Warnings. It contains a section on business valuation where I compare an independent business vs. ...
I own and operate several brick and mortar shops (health related) and have had good success with online strategies. By good success I mean that nearly 50% of my client base finds my business via online search. While I am certainly happy to share my strategies with you - I'd strongly suggest you...
Before you weigh the pros and cons of different platforms structures it's important to think about who your customers are and how you want the business to grow. I help companies find their most profitable customers and have worked with pre-revenue to high-growth $70M+ companies in the SaaS, con...
As I have had regional responsibility covering several countries is normal for me to think about bringing customers from several different countries. Follow some points that can be considered. Questions per example as: - Main KPI´s and Strategic Goals. - What are the Go to Market Strategies? ...
Depends on a large number of factors. Here are a couple - 1. If you own and operate them, do you have the capital to grow as fast as you would like? 2. Do you need to franchise, or will a standard license or dealer arrangement suffice? 3. How much control do you need to exercise over the operatio...
I almost always turn to Upwork for work like this and I focus on the Philippines. Excellent workforce, good attitudes, and effective results if you screen well. Can't beat the cost, either. Don't expect to get good results from the lowest priced, but I have had superb folks at $15/hour.
Hi: Without knowing exactly what your product is, the quick answer is "it depends." Many regional and national retailers do allow for some portion of local discretion in their product mix, but they handle it in different ways. Some have local buyers, some have regional buyers and yes, some have y...
Your franchisor isn't helping out, huh? What kind of feedback have you gotten from them? Do they have a dedicated franchise success executive? Or a franchisee council to draw experience from? Your long term strategy is to raise the guest check average for each visit, and increase the frequency ...