What's Cooking at Profit Soup?

 

March/April/May 2009 News

 

International Franchising Roundtable, Sydney, New South Wales, Australia

March 4, 2009

While in Sydney, Kate participated in a roundtable of Australian franchise professionals to discuss international franchising considerations.

 

Fight Against the Profit Pinch Seminar, Dallas, Texas

March 17, 2009

Dallas area franchising professionals explored using the tool “Breakeven Plus” to help owners and managers succeed in 2009.

 

IFA Franchise Business Networks, Orange County and San Diego, California

April 14, 2009

Making Financial Success Part of Your Franchise Business Model

Franchises don’t typically fail because they didn’t wash the dog or change the oil properly. Yet financial management systems and support are given less attention than operations and marketing in most franchise networks. Barb addressed Southern California IFA members at two FBN meetings, sharing insights for adding a framework for financial management to their franchise business model.

 

Papa John’s Franchisee Association

May 20, 2009, Dallas, TX and Fall 2009 Pre-convention Session

Your Business APB: All Roads Lead to Value

Successful business owners are as focused on creating tomorrow’s value as they are on meeting current demands. Each day decisions are made to resolve a crisis, adjust prices, or seize an opportunity. Barb continues her work with Papa John’s franchisees at their 2009 Franchise Association meetings to identify decisions that positively affect the value of their businesses. Continuous attention to productivity, profitability, cash and financial strength leads to value. And the right kind of attention means measuring what’s important, understanding what the information is telling you then getting things done – taking the right action to improve performance.

 

The fall workshop is designed to help owners and key employees get behind a business improvement plan for 2010 that they will develop at the session. Participants will identify sales and profit goals, establish their success metrics and develop action plans and accountability processes to take them into 2010 and beyond.