When you own a store, it is exciting to make lots of sales and profits. A significant increase in revenue is a sign that it’s time to take the next step: expanding. This step, however, can seem daunting. Where to start? In this article, we will explore 10 ways to expand a retail store:
Be...
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To be a franchisee or not to be a franchisee? This business model can bring many benefits, especially if someone does not have retail experience. However, franchising can have a few drawbacks. Here are some disadvantages of a franchise:
Initial cost
Recurring fees
Fewer profits
Less...
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For many store owners, expanding or changing their business model can be daunting. Among the myriad options available, franchising is a proven and reliable path. What are the advantages of a franchise? This model offers a unique blend of entrepreneurial freedom and a tried-and-tested success...
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Do you already have a thriving store and are thinking about expanding your business and open more stores? This crucial step can be exciting, but also daunting, as it requires meticulous planning and thoughtful implementation. However, with a solid strategy and proper preparation, opening a second...
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Many franchisors wonder how to maintain and manage multiple stores. It's important for multi-store owners and managers to have effective maintenance strategies in place to ensure that each store has great performance.
There are several essential knowledge of how to maintain multiple stores....
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Franchisees are a crucial part of franchise networks and their performance makes all the difference to the success of the network. So what makes a good franchise owner?
A good franchise owner is ambitious, passionate, compassionate, knows how to lead and to communicate, has a thirst for...
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Is your retail store looking for a new point of sale (POS) system? Do you know the differences between POS systems for independent retailers and those designed for multi-stores, such as franchises, corporate networks and purchasing groups? We’ve put together a few comparisons of different systems...
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Alice POS offers a variety of features that can help your store save time and increase revenue. Alice POS has developed features that are useful for multi-store owners to suit their specific needs. In most cases, franchises, buying groups, and corporate networks own many shops, and POS software can...
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Multi-stores such as corporate chains, franchises, buying groups, and networks of stores require particular management that does not necessarily apply to single-store operations. The operational aspects of these businesses may not be so different when observed at an individual level, but as a...
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Managing any type of business is a challenge for all business owners and managers. Indeed, they must respect several aspects if they want to manage their business optimally. Several elements can complicate business management. In multi-store businesses, several procedures differ from single-store...
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