What to Do When Your Franchise Business Is Slow

Posted by franpro under Franchises
From http://www.franchwire.com 4015 days ago
Made Hot by: centrifugePR on April 28, 2013 11:52 am

Joel Libava, The Franchise King, has some great advice on what to do when you hit some franchise problems. There are a few things you can do; one of them does not include giving up. Read more.

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Comments

Written by lyceum
4009 days ago

Joel: Thanks for giving Ben Martin's answer to the nagging "Inner Battle"...

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Written by franpro
4015 days ago

Thanks a lot for your comment!

Yes; finding out what's wrong is crucial.

The Franchise King

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Written by AngelBiz
4015 days ago

These are good tips. I particularly like the one about taking some time off, especially when you are working too hard. Stepping away and taking a fresh look at the situation can help uncover issues and find solutions.

In addition to this you also need to do systematic triage of the business and understand what could be wrong. The problems could be coming from any of the areas - product, marketing, competition and so on. It is only by taking a critical look at the business and understanding the root cause will you be able to find solution and turn the ship around.

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