What's Cooking at Profit Soup?

 

February 2012 News

Shelly Sun, Brightstar Franchising Co-founder Recommends Profit Soup

 

Barbara Nuss was featured at the 2011 Brightstar Annual Conference, presenting two sessions for franchisees: Financial Literacy: More Cash Now, and Financial Strategies: More Value Now. Here’s what Shelly Sun, Brightstar Co-Founder had to say about the session.

 

“Some things are worth sharing and I’m writing today because my recent experience with IFA supplier Profit Soup was just that. During our 2011 Brightstar Annual Conference, Barbara (Carper) Nuss of Profit Soup spoke to our franchisees about financial strategies that build business value. The session transformed our franchisees’ view of financials from an accounting necessity to a strategic resource.

 

As a franchisor I received an immediate ROI from the session. Barb connected the BrightStar growth initiatives and strategies directly to raising business value. She clearly demonstrated the need for a strategic timeline to invest, grow revenue streams and build business value. Franchisees left eager to establish a long-term vision for their business, with clarity about how to improve business performance, raise the value of their franchise and as a result, lift the value of the BrightStar brand.

 

We have had good results using outside speakers for financial presentations in the past, but Profit Soup was different, taking our franchisees to the next level – beyond the number-crunching, to developing a strategic-thinking CFO mentality.”

 

            Shelly Sun, Co-Founder, Brightstar Franchising, LLC

 

 

Hear more from Shelly at the International Franchise Association’s Annual Conference in Orlando, Shelly will be at the Profit Soup Exhibitor Booth, #339 on Monday, February 13 at 1 pm and 2 pm sharing her insights for growing your franchise through franchisee success.

 

Hear Shelly share her Smart Girls’ Ways       http://www.youtube.com/watch?v=tD7CnF1sibA

 

 

Steve Abercrombie and Barbara Nuss share their expertise at IFA Supplier Forum Business Solutions Roundtables

 

Steve teams up with Ben Lee of Franchise America Finance to facilitate an open discussion among franchise executives on the subject “Bank financing for franchisees: how you can help”.

 

• What questions must franchisees be able to answer for the banker?

• What are the common hurdles for franchisees seeking bank financing?

• How can you help franchisees and their bankers get past them?

• What information do you have as a franchisor that helps?

• What coaching can you provide to the franchisee that helps?

 

Barb will join forces with Chad Mickleson, CFE of Printing for Less on  “Helping franchisees get the right people on the bus and build a productive work force”. Franchise executives will share their insights to these questions:

• What resources do you make available to help franchisees make great hiring decisions?

• What are the real risks to the business for making a bad hire?

• How can you help franchisees communicate expectations and ramp up employee performance in an acceptable time frame?

• Do you have system-wide standards for sales-employee performance at hire, 3 months, 6 months, a year?

• How do you help franchisees deal with underperforming employees?

 

If you’d like to receive notes from the sessions, contact Barb at barbara.nuss@profitsoup.com.