The Ultimate Franchising Success Formula: Why Some Franchise Systems Thrive When Others Struggle

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Jan Timms Greg Nathan

The Ultimate Franchising Success Formula

Why Some Franchise Systems Thrive When Others Struggle

Jan Timms, Greg Nathan

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English

Get Smart Services
01 March 2023

Entrepreneurship; Franchises

Do you want to develop wealthy, successful franchisee partners and achieve unstoppable success momentum to future proof your franchise network?

Do you struggle to get franchisee partners to participate and engage in programs and initiatives that you know they need to embrace?

This conversational, action-packed book shows you exactly what you need to do to achieve extraordinary success in franchising!

Franchise expert Jan Timms reveals an evidence-based method for success in franchising that emerged from seven years of empirical research about what the strongest, most successful franchise systems do, that ordinary, lower-performing systems don't.

The research findings, plus decades of franchising experience as a franchisor, a franchisee and working in numerous senior management roles, reveal a formula for success that clearly spells out how to set priorities to develop wealthy, successful franchise partners and achieve unstoppable success momentum.

Whether you are an emerging franchise system that is wanting to franchise your business, a franchise group that is currently struggling, or a well-established network that has room for improvement, the Ultimate Franchising Success Formula will show you exactly how to:

- Identify, attract, develop and replicate franchise superstars so you have the right people throughout your entire franchise network

- Engage franchise partners in an interdependent franchise relationship that achieves commitment and high levels of participation and engagement in your programs and initiatives

- Build sustainable competitive advantage through knowledge capture and creation

- Develop a culture of discipline, trust and mutual supportiveness through collaborative communication

- Replicate your brightest stars through field support, learning and knowledge sharing

The Ultimate Franchising Success Formula is essential reading for everyone involved in franchising.

It identifies Twelve Silent Killers of Franchising. Hundreds of franchise systems fall into some, if not all, of the Silent Killer patterns which ultimately reduces their chances of success.

The good news is that the research conducted has identified five essential elements for success that makeup what we refer to as the Ultimate Franchising Success Formula.

1. Get bright stars into all aspects of your franchise system

2. Build a knowledge creation engine to fuel your stars

3. Use collaborative communication to build trust, mutual supportiveness and relationship commitment and created an interdependent win-win franchisor-franchisee relationship

4. Support and develop franchisees so the success of your brightest stars can be replicated

5. Become a learning organisation

When you purchase the book you get lifetime access to the Free Resources Vault

Jam-packed with resources to help you implement the success formula

This evidence-based franchise book will become your franchise bible for driving franchising success and developing strong, healthy franchisee-franchisor relationships. It provides step-by-step franchising strategies that will drive your franchise system to the great heights of the most successful franchise systems in the world.

By: Jan Timms
Foreword by: Greg Nathan
Imprint: Get Smart Services
Dimensions: Height: 229mm, Width: 152mm, Spine: 28mm
Weight: 726g
ISBN: 9780645449006
ISBN 10: 0645449008
Pages: 500
Publication Date: 01 March 2023
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

After spending fifteen years in in the franchise sector, holding various senior management roles, Jan founded Get Smart Services in 2011. She completed a seven-year empirical research study in 2020 that created the Ultimate Franchising Success Formula framework and became the catalyst for this book. Read more about Jan's expertise and achievements on her LinkedIn profile or visit www.getsmartservices.com.au. Founder of Franchise Relationships Institute, keynote speaker, psychologist, global expert on franchise relationships, bestselling authorFranchise Relationships InstituteMelbourne, Australia