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NEWS | May 11, 2012

Franchise Business Review is looking for the best and brightest in food franchising as part of its 2012 Food Franchise Study and Awards. This national project looks at franchisee satisfaction at some of the country’s most popular franchise brands and honors the top franchisors with designation as a Franchise Business Review Top Food Franchise.
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SECTOR REPORT | April 26, 2012

Franchise Business Review's special report Senior Care Franchises offers a high-level look at the senior care/home care franchising sector. We explore what services the sector provides, what’s involved from an investment standpoint, what the “typical” franchisee looks like, and how franchisee satisfaction in the sector has fared in the past year. We also identify the top senior care franchises based on our franchisee satisfaction research.
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ARTICLE | April 12, 2012

The Honest-1 Auto Care franchise opportunity is a general service shop, offering primarily oil changes, brake checks, and other basic services — but two things distinguish the garage from competitors. The tastefully appointed lobby is comfortable and has a fully-stocked play area for children, a coffee maker with French vanilla capuccino and free wi-fi. Two weeks ago, Tom Dombrock and Fred Haynes debuted their latest venture with an Honest-1 Auto Care franchise — an eco-friendly auto repair shop that caters specifically to women.
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ASK FBR | March 19, 2012

Franchise Business Review wants to know what you're doing in order to find that right "fit", and encourages all those interested in starting their own franchise to answer this simple question - how long have you been researching a franchise opportunity? (Click here to share) 
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Even CEOs Need Coaching

by Deb Evans

When a franchisee steps outside of training they are usually the chief executive officer of everything! In theory, a new franchisee could perform each and every task impeccably themselves without any outside resource. As chief executive officer of everything they will fill the roles of: payroll officer, marketer, sales representative, trainer, purchase agent, accountant, administrator, human resources and many more.

Where does the chief executive officer of everything call in reinforcements? As the business grows the franchisee will realize what functions need to be delegated to someone else. Even the most talented franchisees/business owners need help: developing an action plan, growing their business, accountability, thinking creatively in business, implementing new projects, team building, and making decisions when the stakes are very high, etc.

I believe that every franchise/business owner needs a professional business coach in order to improve performance, leadership and profitability. It’s vital to find a coach with experience in the field or specific discipline in order to provide the right guidance. The coach needs to be an expert in professional development and someone you can feel you can trust and work with comfortably.

David Handler, Founder, SuccessHandler Executive Coaching says, “Leaders typically understand how to set goals and execute strategy. Challenges arise from failing to recognize how others see you. Thus, your biggest opportunity for improvement is to have an executive coach hold up a mirror that provides insight into your attitude and approach.”

As my coach, David inspires me to succeed and helps me understand what changes must be made. He doesn’t provide all the answers but asks all the right questions. He encourages my creativity and as a trusted advisor and will guide me through my strategic thinking and set me on the right path. I am comfortable to share issues with my coach that I cannot share with others knowing that he is non-judgmental. The most valuable asset of a good business coach is the ability to not only share successes but also failures. As a good listener and someone who is genuinely interested in my success my coach helps me understand what went wrong and how to move in a positive direction.

Vistage International says coaching “is about improving your performance so your company can perform better. It’s about continuous, accelerated, practical learning-more lasting than any onetime workshop of any flavor-of-the-day business book-and about turning your good intentions into great results.”

I enjoy my role as CEO of COMPUTER EXPLORERS. I have an excellent team and a business coach so I don’t have to fill the role of chief executive office of everything.

- Deb Evans
CEO, COMPUTER EXPLORERS

To learn more about Computer Explorers, visit franchisebusinessreview.com.

 

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Posted by Eric Stites on 01:04:07 PM on January 25, 2011

Great point, Deb! Coaching is critically important for small business and franchise owners, who often lack a large support team around them. This can be especially true for franchisees that come out of the corporate world and are used to a more formal support structure and constant feedback from the top. And for executives who would like to leverage their business experience and become a coach themselves, some of FBR's top rated franchise concepts include business coaching franchises - for example ActionCoach (http://fbr50.com/profile/ActionCOACH) and FocalPoint (http://fbr50.com/profile/FocalPoint-Coaching). Thanks for sharing, Deb!