This marks the third anniversary of the global Covid-19 pandemic
and while many of us are keen to move forward, it’s important
for businesses to reflect on the takeaways and build on lessons
learned through our shared, global experiences.
Our local community connections really matter: Businesses
often have strong roots in the communities they serve and have
the ability to respond faster to community needs.
A network brings advantages: During the height of the
pandemic, our meetings went online, and we navigated illness
and limited staffing or no staffing across our network. We also
faced supply chain shortages in many areas at the same time as
we were inundated with production requests.
We became more innovative and creative: Business owners
have to be creative problem solvers. They’re magicians in many
ways. Sign manufacturers aren’t typically asked to create
protective equipment for frontline health workers, but our
franchisee Todd Helfer in Jacksonville, Fla., stepped up and
created sneeze guards, face masks and intubation boxes and
donated them to the Florida Mayo Clinic.
It gave us a collective sense of purpose: Our FASTSIGNS
franchisees faced the same day-to-day frustrations as their
customers. For businesses trying to stay afloat, banner flags,
window graphics and parking lot signs that read “open for
business” and “curbside pickup” kept the doors open and the
bills paid, and the signage reminded customers to value the
importance of keeping local communities alive.
Amplified efficiency: So much of our initial response to the
pandemic had to be reactive. But as we adjusted to the
immediate crisis, at FASTSIGNS we began to see a need for
tightening all around. We looked at costs, at staffing, at wages
and pricing.
A final note is this — American businesses should be proud of our
shared resiliency. We know we were not alone in this collective
effort to come together, to work for a greater good, and we are
not alone in our shared understanding of what it means to be a
community.
We Crunched 5 Years of Franchise Industry Data.
Here Are 4 Big Trends You Should Know About.
Franchising is full of numbers. Which numbers
really tell the story? If you're looking to buy a
franchise, you can easily drown yourself in data.
Just pick up a company franchise disclosure
document (FDD), and you'll see granular
breakdowns of every brands health. That's
important stuff. Look closely!
Double-Digit Sales Growth for Always Best Care
Fuels Franchise Expansion in Multiple Markets
One of the leading senior care franchise systems in
the U.S. and Canada, Always Best Care Senior
Services
announced that it achieved over 12% sales
growth in 2022, another double-digit year of
increased revenue for the company. This
momentum has fueled the brand’s franchise
development in the first quarter of 2023, with an
agreement signed by new franchisees in Calgary,
Alberta, as well as a new office opening in
Kingwood, Texas.
Veterans in Franchising.
May is Military Appreciation Month to acknowledge those in and out of the
military. Many military anniversaries and events happen this month. The last
week is Memorial Day honoring the men and women who paid the ultimate
sacrifice while serving our country.
Veterans are well matched for franchise ownership due to their dedication, work
ethic, skill sets, and aptitude. VetFran is a program that began in 1991 to help
educate franchise companies and veterans about the opportunities of franchise
ownership. Their research found that franchisors have reported an astounding
97% of their veteran franchisees have proven to be a good fit as a franchisee.
THANK YOU to all the men and women who are serving or have served our
country! Please contact our office to find out more about veteran franchise
ownership.
If you are considering Franchising to boost your portfolio, please reach out to us anytime.at:
(585) 802-0132