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Duration: 44 mins plus activities

Overview

This module covers the following topics:

  • Improving bottom line performance;
  • Enhancing management capabilities;
  • Growing within the franchise;
  • Multiple-unit franchising; and
  • Reviewing business and legal structures.

Learning Outcomes

In this module you will learn how to grow an existing business by improving its financial performance through understanding the profit contribution of five key variables.

You will also learn how to recognise and capitalise on opportunities for growth as a franchisee and a business owner within your franchise system.

 


Managing Growth and Identifying Opportunities

Review the Managing Growth and Identifying Opportunities video below. A transcript of the video is available here (PDF 125KB).


Module Four Learning Activities

Activity One:

  • For a business you currently own, or for one you are considering, determine your average transaction value (ATV) using the ATV formula (PDF 30KB).

Activity Two:

  • Open the ATV spreadsheet (Excel doc 33KB).  This is an example for a hypothetical coffee shop.  Here you can experiment with changes in ATV, price, customer frequency and the number of customers to see the effect on profit.

Activity Three:

Activity Four:


Ideas - Franchise Business Management Essentials Module Four: Managing Growth & Identifying Opportunities Self Assessment Quiz

Test your knowledge of this module with this assessment quiz.  To successfully complete this module and obtain a Certificate of Completion you need to get a score of 85% or better.


Managing Growth and Identifying Opportunities Resources

Introductionbutton - Franchise Business Management Essentials Module Four: Managing Growth & Identifying Opportunities  OR   Nextmodulebuttonred - Franchise Business Management Essentials Module Four: Managing Growth & Identifying Opportunities