Ted Teele

As the franchising landscape in the United States evolves, it's essential to dissect the emerging trends shaping the industry in 2024. READ MORE: https://bit.ly/4bSDnXn #2024trends #franchising

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Being an entrepreneur for so long, I didn't realize how many toxic cultures were out there. The best thing about business ownership is building your corporate bubble. You get to pick the people you get to grow with and become the best parts of yourself with them. This article is great and discusses the topic of corporate cultures and the toll they can take. The way out is franchising. Ask, T.J. Corey, CFB for help if you are looking at becoming a franchise owner. #toxiccultures #corporateamerica #freedom #businessownershipfreedom

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Navigating Success: Unveiling the Untapped Potential of Franchising in 2024 In the ever-evolving landscape of #entrepreneurship, one avenue that continues to shine brightly is franchising. As we step into 2024, the benefits of #franchising are more pronounced than ever.

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If you lead an association and want to learn how to create non-dues revenue that adds value to your existing members and increase both member engagement and retention, please click below! #associationmanagement #nonduesrevenue #associationsuccess

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Franchising offers a dynamic pathway to entrepreneurial success. In this business model, individuals (franchisees) leverage established brand names and proven operational systems from franchisors, gaining a turnkey solution for launching their ventures. Franchising fosters entrepreneurship with reduced risks, as franchisees tap into a tested formula, benefiting from brand recognition, marketing support, and operational guidance. This symbiotic relationship empowers both parties to thrive: franchisors expand their brand footprint while franchisees realize their business dreams with a support network. It's a win-win scenario, where innovation meets reliability, offering a gateway for aspiring entrepreneurs to flourish in diverse industries. If you'd like to have a discussion about franchise opportunities, 'ping me'! I'd love the opportunity to help you in your journey!

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🚫 Frustrated Customer Alert! 🚫 Today, I had a disheartening experience trying to buy planter boxes online. Signed up for a rewards program, got a great email offer, but the mobile site wouldn't let me complete my purchase. 😠 Retailers take note: If your online shopping experience isn’t seamless, you’re losing sales to the likes of Amazon, Temu, and TikTok Shop. 📲💸 My experience shows how both retailers and restaurants need to step up their digital game. Whether it's buying products or ordering food, customers expect a flawless mobile experience. Want to know how At Home lost my sale and what both retailers and restaurants need to fix? Click below to read my full blog post on the critical importance of a flawless digital experience. 👇 #CustomerExperience #Retail #Ecommerce #MobileShopping #DigitalTransformation #CX #Marketing #RestaurantIndustry

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As we've started to work with more and more breweries, one thing continues to stand out: the critical importance of viewing and treating your wholesalers as true partners, not just another sales channel. This approach goes beyond business processes and by the book strategies—it's about relationship building and creating a partnership that can significantly influence a brand's success in the market. 🤝 Mutual Investment: Trust me, your distributors can tell whether you view them as partners or not. Your daily interactions and communication with distributors clearly reflect your attitude towards them, impacting the relationship significantly. Nothing can compensate for a lack of respect and support. Remember, distributors are not just another sales outlet; they are your business partners in each market. The more you invest in and support this relationship, the more success you will achieve. Such a constructive relationship motivates distributors to go above and beyond in marketing and selling your products, directly boosting your brand’s growth and reach. 😕 Avoiding the Pitfalls of Transactional Relationships: A purely transactional view where distributors are seen as just another sales avenue can breed resentment. If a brewery starts wondering, "Why aren't they selling more?" without understanding the distributor's challenges and market conditions, it creates a divide. This often leads to distributors prioritizing other brands that value a collaborative approach. 🌟 Building Strong Relationships: By engaging positively and recognizing the critical role that distributors play, breweries can foster a spirit of teamwork and shared objectives. We are all human, and when we are working hard to achieve a goal, all we really want is someone in our corner supporting that effort. When we are getting that support, we are so much more likely to go above and beyond to help achieve additional success for that partner. The shift from viewing distributors as mere vendors to recognizing them as key partners is crucial. Having witnessed these relationship dynamics for nearly a decade from a wholesaler's perspective, and now while working with beverage companies, the importance of this dynamic could not be more clear. Before you do ANYTHING else for your beverage company, you have to evaluate and adjust the perspective of your distributor relationships. Are you working alongside them towards shared goals, or are you just hoping they hit sales targets? Until you get the right approach to your distributor relationships, nothing else matters. #BeverageIndustry #Partnership #BusinessStrategy #BrandGrowth #Leadership #FiveStarBeverage #FiveStarStrategy

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Did you know that Federal Trade Commission protects franchising? Here's what you need to know: 🔸Sale of a franchise in the U.S. is governed by the Franchise Rule. 🔸Federal Trade Commission (FTC) requires a franchisor to provide disclosures to a prospective franchisee 🔸 FTC helps discover how much the franchised business may potentially earn, 🔸FTC provides information to prospective franchisees about purchasing a franchise Federal Trade Commission International Franchise Association To learn more, read here 👉 https://lnkd.in/eSGDeXsa

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The 2024 phrase is “responsible franchising” but what does that mean and how is the IFA hoping to impact growth and development? Check out this article https://lnkd.in/e2gaMYbd

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Hot off the press! The May 2024 issue of Franchising Magazine USA is here, https://lnkd.in/grpV-r2B Learn how to craft a powerful 90-day strategy and set your business up for success from day one. Click the link in the comments to dive into my expert advice! #FranchiseSuccess #NewEdition #ReadMore

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Entrepreneurial organizations have two types of leaders: Visionaries and Integrators. Together, the Visionary and the Integrator create Rocket Fuel, which launches businesses to higher levels of success. Take our Crystallizer Assessment to find out where you fall on the spectrum: https://lnkd.in/dWf7dCJ5

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Entrepreneurial organizations have two types of leaders: Visionaries and Integrators. Together, the Visionary and the Integrator create Rocket Fuel, which launches businesses to higher levels of success. Take our Crystallizer Assessment to find out where you fall on the spectrum: https://lnkd.in/gDge-4WV

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FRANCHISING PLAYS A PIVOTAL ROLE IN THE U.S. ECONOMY #Franchising supports millions of #jobs, contributes significantly to GDP, and #empowers individuals to achieve #business #ownership and #success. This dual role of economic driver and enabler of #entrepreneurship underscores franchises’ essential place in the U.S. economy. LEARN HOW TO TURN YOUR BUSINESS INTO A NATIONAL FRANCHISE 🌐 www.frangrow.com 📥 info@frangrow.com 📲 TEXT "franchise" to 917 991 2465 Franchise Growth Solutions, LLC. #sales, #franchisegrowthsolutions, #brand, #USeconomy #Restaurants #Franchise #HowToFranchise #Innovation #Motivation #Entrepreneurship #PrivateEquity

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Thank you Vincent B. Mastrovito, CEPA® CBEC® CVGA®. Spot on: assess that the next generation actually wants to take over; make sure they have the people, processes and cash to succeed; and sleep well at night knowing the business has the Strategic Capacity needed for delivering PREDICTABLE profits & growth (Dimensions 1 & 2 of Growth-Drive's methodology). Side note, a client might also consider consulting with a sophisticated insurance advisor about de-risking key aspects. Strategic Capacity drives growth. Terrific series of articles Vince. -George #exitplanning #growthdrive #valuegap #strategicplanning

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Some great tips for everyone to consider for the next #franchise conference, see you out there!

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Over the last few years in the franchising sector, I’ve engaged with several clients, from a variety of backgrounds. I’ve witnessed an incredible evolution in how we engage with each other. And because franchising is a dynamic sector, there’s no denying that its evolution has been exceptional. Swipe through to explore how the customer experience has shaped our current practices! Which stage do you think is the most important? #CustomerExperience #FranchiseSuccess #InnovationInFranchising

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