By

Kelsey Smith
A man counts a fan of one hundred dollar bills

Franchise Fees: How 4 Types of Fees Can Lead to Growth

Your current franchise fees enabled your brand to get to where it is today — but will they get you to the next level?

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4 Steps to Optimize Your Franchise Processes

Written by Jaffrey Ali

For franchisors, operating a successful business requires more than maintaining the status quo; to thrive and grow, you must look for ways to continually improve. This requires taking a close look at your current processes, evaluating if and how they drive your business goals, and identifying areas for improvement. Altogether, this is known as process transformation.

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Making Discovery Days Virtual: 3 Critical Tips for Success

In the franchise world, discovery days are critical to evaluating potential franchisee candidates. These events give you the opportunity to qualify each prospect, help him or her learn more about the business, and make a good impression — ultimately driving a final sales decision: Will you both agree to seal the deal?

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Lumin on a mobile device

Introducing Franconnect’s Conversational AI Solution for Franchises

Today we announced our partnership with Lumin.ai to integrate conversational artificial intelligence (AI) into the FranConnect platform. Whether this makes perfect sense to you, or you’re not even sure what AI means, let’s take a few minutes to talk about what it is, why we are doing this, show you a preview of how it works, and explain why it’s different than other AI solutions in the franchising world.

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Update Your FDD: 5 Critical Things to Get Right in the Age of COVID

Many franchises look dramatically different today than six months ago. Gyms and retail stores are operating with limited hours or reduced capacity. Restaurants have likely altered their business models around reduced occupancy, takeout, curbside pickup and delivery. Due to these shifts and their financial and legal impacts on your business, it’s critical that you update your franchise disclosure document (FDD) to accurately reflect these changes, even if you believe changes won’t be permanent.

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Headshot of Andrew Volkmann

FranConnect Announces Appointment of New Chief Financial Officer

Andrew Volkmann Brings More Than 25 Years of Financial Leadership Experience to Leading Franchise Management Software Provider.

Herndon, VA, August 19, 2020 – FranConnect, the leading provider of franchise management software, today announced the appointment of Andrew Volkmann as its Chief Financial Officer. A seasoned corporate finance executive, Volkmann brings more than 25 years of experience in emerging and mature companies in the software, robotics, and web retailing sectors, including with brands such as Hitachi, Tellme Networks, Inc., Netscape, and MinuteKEY.

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