I don't have many franchisees, why should I use FACTS?
As your frachise grows, you want to establish good patterns within your system. Don't let
compliance get pushed to the back burner. Balance growth with proper support to keep your
atrition rates low. A strong compliance system will help your ogranization's growth and
sustainability in the long run.
This sounds like a great option for our company and I could use help, but I can't afford
to spend more on support at this time?
Because FACTS knows what each Franchisee's personal income goal is, FACTS graphs where they
are currently, targets and projects growth for where they want to be, and combines the three
results into a comparison graph for each individual franchisee. We use your most current
royalty report and questionnaire for the base. By using our business forecasting tool
(Proforma), the franchisee can project growth up to three years. The graph and target Action
Plan are emailed directly to the appropriate support person, the franchisee, and anyone else
that you designate each month. The targeted Action Plan assists your support staff and the
franchisee to work together on adjusting the following month's projection to stay on track.
Franchisee's take ownership because they can see how their efforts (good or bad) impacted
their business each month.
Our three year projection/forecasting tool helps franchisees self learn how to be a better
business person by playing the "what if" game. Each "what if" change they make forecasts their
business future (i.e.: What if I add 10 more customers weekly at $__ per customer). They can
see how each change will impact the bottom line. Therefore, they are more willing and eager to
accept help from support staff to stay on target. If a franchisee sees how each small adjustment
determines their profit, they tend to make their mistakes in our tool, instead of in their business.
By keeping them on track before their working capital is gone, you reduce frustration, burn out
and blame. You become partners in their success.
If a franchisee brings litigation against me, will FACTS defend me?
FACTS is a preventative system. We are not attorneys and therefore do not handle legal defense. Our
system is designed to encourage you to monitor support, document and initiate action and maintain
consistent compliance throughout your system. The notes, action plans, and attention to the
franchisees may help defter action in frivolous lawsuits by franchisees who are trying to avoid
paying royalty fees, ad fund fees, etc. for the term of their agreement.
I already have a paralegal or attorney in place and they handle our compliance. How would
your service help us?
If you have a legal team in place, our service will help streamline their process. The consistency
of our program strengthens your case to defer any action regarding compliance. Our third party
mediator, your support notes on franchisees and action plans will not only help your legal team with
consistency, but will help your support team as well.
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