Monday, April 8, 2019
Successfully Franchising a Company
Since 2016, Kevin Scott Woolf has been the chief financial officer of the Tom Wolf Co., a real estate investment firm based in Winter Haven, Florida. In addition, Kevin Scott Woolf purchases and manages companies as the CFO of Taylor Capital Holdings, LLC. Mr. Woolf has purchased at least one business through the company that he intends to franchise.
If you intend to grant franchises of your company, quality control throughout the entire franchise system is essential for success. If you do not establish and maintain quality control, your brand will struggle and your entire franchise may collapse.
You will need to implement a training program for your franchisees. Ideally, this training will consist of lessons that help franchisees understand what is expected of them and their team.
On top of this, you must be available to provide ongoing support when franchisees need it. This will help your company run smoothly and profitably.
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