My Podner in this episode is Art Coley and he’s going to talk with us today about how to develop a franchisee recruitment system that will attract higher quality franchisees to your system.
Time Stamps | |
Art Coley Intro | 00:00:27 |
Segment 1 | 00:03:00 |
Get to know Art Coley | |
Bonus Segment | 00:19:40 |
Near business failure – Art’s “E-Myth” moment | |
Segment 2 | 00:32:00 |
Topic Segment – Franchisee Recruitment System | |
Segment 3 | 01:25:29 |
Quickdraw Questions |
Topics Discussed in this Episode
What is the founder’s trap that keeps many small business owners from growing to their Business?
Becoming royalty self-sufficient needs to be a franchisor’s #1 goal at first.
Most franchisors never understand that franchise recruitment is a separate business that requires a separate skill set.
The value of a franchised business in not built on selling franchises, the value is based on unit economics.
Traditional franchise recruitment systems - what’s good about them - what’s bad about them?
What do you mean when you say “Disillusioned” franchise system?
Franchising Statistics:
The secret to franchise recruitment is having a system and implementing the system properly
What is Recruitment Operating System all about?
Discovery Culture versus Sales Culture - what does that mean?
Why is “Executive Buy-In” so important to a successful franchise recruitment system?
Building a recruitment operating system isn’t for a bunch of wimps!
What are the 4 Pillars of the ROS System?
Any franchisor who is not doing some sort of Discovery Day is making a massive mistake.
Managing the handoff to Onboarding – Why is that important?
When there is no communication between Onboarding and Recruitment teams, the quality of the new franchisees will never improve.
What are the three phases of the discovery process? What do they mean?
What are some of the key metrics that every franchisor should be following regardless of what recruitment system they use?
What is situational leadership and what role does that play in the recruitment process?
What role does a good CRM play in the recruitment process?
Communication is key in every organization, but you say that communicating with existing franchisees is really important. Why?
Books Mentioned in the Episode:
My ponder on today’s show is Ms. Angela Angela Coté of Cultivate Advisors, and she is going to visit with us about Franchisee Compliance, or as she likes to call it, franchisee success.
Angela cut her teeth really early on in the world of franchising as the daughter of Max Voisin, founder of M&M Food Market. If you are listening from the U.S., you may not have heard of M&M but if you are from Canada, with about 500 locations in its prime, M&M Food Market is a BIG deal. She worked on both sides as both the franchisor and as a franchisee running three locations of her own.
Angela has been interviewed on shows such as Social Geek Radio, Franchising Rising Podcast, Tutor Doctor Podcast, and Own Up, Grow Up Podcast. She has been written about in multiple publications such as Global Franchise Magazine, Franchise Blast, Canadian Franchise Association, Douglas Magazine, The Franchise Voice Magazine, Franchise Canada, and a few more
Time Stamps | |
Angela Coté Intro | 00:00:40 |
Segment 1 | 00:02:48 |
Get to know Angela Angela Coté | |
Segment 2 | 00:24:34 |
Topic Segment – Franchisee Compliance – “Success” | |
Segment 3 | 00:58:56 |
Quickdraw Questions |
Topics Discussed in this Episode:
All franchisees should be as concerned about system-wide compliance as much as the franchisor because compliance to the system standards directly protects their investment.
Common reasons for lack of franchisee compliance are:
How can a franchisor inspire franchisees to WANT to follow the system?
Angela Angela Coté
angela@cultivateadvisors.com
Kit Vinson
FranMan Inc
kit.vinson@franman.net
214-736-3939 x101