{"id":280178,"date":"2020-04-07T01:07:38","date_gmt":"2020-04-07T01:07:38","guid":{"rendered":"https:\/\/www.franconnect.com\/?p=280178"},"modified":"2024-05-28T18:39:32","modified_gmt":"2024-05-28T18:39:32","slug":"franchising-wasnt-ready-for-covid-19-will-you-be-ready-for-the-recovery","status":"publish","type":"post","link":"https:\/\/www.franconnect.com\/en_au\/franchising-wasnt-ready-for-covid-19-will-you-be-ready-for-the-recovery\/","title":{"rendered":"Franchising Wasn’t Ready for COVID-19. Will You Be Ready for the Recovery?"},"content":{"rendered":"

There\u2019s no doubt that we are facing unprecedented times. While quarantine seems like \u201cthe new normal\u201d, the fact is that we will be back to business much sooner than we realize, and we need to be ready. Now\u2019s the time to prepare to rebuild after the storm.<\/p>\n

<\/p>\n

When the pandemic hit, franchisors swung into action to help to ensure that as many of our franchisee partners weather this storm as possible. In addition to some great resources,\u00a0we\u2019ve seen inspiring creative actions by you as franchisors to keep your operations going. Food-service operations are using the Hub to provide previously sit-down concepts with quick information on partnering with delivery services. Home services concepts are providing policies and scripts for reassuring end customers that services can continue in non-contact ways. You\u2019re providing information on help from the SBA and other sources to help your franchisees weather the financial gap.<\/p>\n

Now, it\u2019s time to turn our attention to what happens next. We\u2019re already seeing reports from the first-affected countries that business and travel activities are steadily recovering. It\u2019s time to start thinking about ramping existing business back up, and preparing for the opportunity for franchise sales that happens following economic hardship.<\/p>\n

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  1. Find ways to expand your business opportunities. If you had some ideas you didn\u2019t try because of the risk that they might not work, now may be the time to try.<\/li>\n
  2. Review historic field visits to identify areas where retraining can make a difference.\u00a0 Use this \u201cdowntime\u201d to create the training and certify your owners. The silver lining of slow business is time to build infrastructure.<\/li>\n
  3. Prepare your re-opening checklist.\u00a0 There will be a lot to do when your stores re-open, from sanitizing locations to sales-stimulus programs \u2013 now\u2019s the time to clean and devise \u201cback to business\u201d promotions for later this year.<\/li>\n<\/ol>\n

    Now that you\u2019ve provided for your franchisees, don\u2019t neglect a little \u201ccorporate self-care\u201d. This is a good time to look at your internal processes.<\/p>\n

      \n
    1. Clean up franchisee data, focus first on your term expiration dates and lease expiration dates because those have the potential to impact revenue downstream.<\/li>\n
    2. Look for opportunities to refine your sales process.\u00a0 Historically, after an event such as this, there\u2019s a surge in franchise sales as people opt for more control over their own economic destiny. Now\u2019s the time to get ready.<\/li>\n<\/ol>\n

      You\u2019re there for your franchisees, and we\u2019re here for you. If you\u2019re interested in more resources, Contact Us<\/a> and we\u2019ll make sure you are on the distribution list for our upcoming resources.<\/p>\n

      Request A Demo<\/span><\/a><\/center><\/p>","protected":false},"excerpt":{"rendered":"

      We discuss the impact COVID-19 had on the franchising industry and how we can better prepare ourselves for the recovery. Read the article here!<\/p>","protected":false},"author":17,"featured_media":283151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[107,109,108],"tags":[80],"class_list":["post-280178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-develop","category-engage","category-operate","tag-covid-19"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/posts\/280178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/comments?post=280178"}],"version-history":[{"count":6,"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/posts\/280178\/revisions"}],"predecessor-version":[{"id":285091,"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/posts\/280178\/revisions\/285091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/media\/283151"}],"wp:attachment":[{"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/media?parent=280178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/categories?post=280178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franconnect.com\/en_au\/wp-json\/wp\/v2\/tags?post=280178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}