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Comments Off on PLUTUS CONSULTING GROUP CONGRATULATES STRONE

PLUTUS CONSULTING GROUP CONGRATULATES STRONE

PLUTUS CONSULTING GROUP CONGRATULATES STRONE

STRONE, a long-time client of Plutus Consulting Group, has just been announced as a recipient of this prestigious award and it is certainly well deserved! The owners – Neil and Steve Blinco, with invaluable contributions from Roy Blinco as Chairman of the Board and the management team

Comments Off on Business Types for Franchising: BiZ TV appearance Peter Thompson

Business Types for Franchising: BiZ TV appearance Peter Thompson

Business Types for Franchising: BiZ TV appearance Peter Thompson

Franchising has come a long way from the days when McDonalds handed out their first restaurant and for many years, was confined to the fast food business. Our franchise guru Peter Thompson evaluates some of the other business types that are now popular franchise opportunities.

Comments Off on The power of knowing: It’s all about the Unknown Unknowns. John Holland

The power of knowing: It’s all about the Unknown Unknowns. John Holland

The power of knowing: It’s all about the Unknown Unknowns. John Holland

At the same time, with the easy access to the internet, with faster and more accurate IT platforms and the ready availability of information that can assist in decision making, it stands out as a surprise that so many CEOs and Presidents do not avail themselves of this. Of course there is the risk of obtaining too much information or information that is not relevant to your business.

Comments Off on What Makes a Business Franchisable? BiZ TV appearance Peter Thompson

What Makes a Business Franchisable? BiZ TV appearance Peter Thompson

What Makes a Business Franchisable? BiZ TV appearance Peter Thompson

Much has been written about how franchising, especially in North America, is the low-cost, business development strategy which is guaranteed to be successful.
While it is true that there are many brands that have embraced this strategy with enormous success, there are equal numbers who have tried and failed due to a combination of some of the areas that I will discuss during this presentation.

Comments Off on Step One to Franchising : BiZ TV appearance Peter Thompson

Step One to Franchising : BiZ TV appearance Peter Thompson

Step One to Franchising : BiZ TV appearance Peter Thompson

There are several things that must be considered before one franchises their business. According to our franchising guru Peter Thompson, if you can’t reproduce your business you are going to have to rethink your plan.
In this scenario, an example of a “no-go situation” is the case of a new entrepreneur who has a great idea, which he or she thinks is a sure bet for a franchise.

Comments Off on Step Two to Franchising : BiZ TV appearance Peter Thompson

Step Two to Franchising : BiZ TV appearance Peter Thompson

Step Two to Franchising : BiZ TV appearance Peter Thompson

Before you franchise, you need to make sure your business model can produce the numbers in black. Our franchising guru Peter Thompson will tell you why it’s important.
An example of a “no-go situation” is the case of a new entrepreneur who has a great idea, which he or she thinks is a sure bet for a franchise.

Comments Off on Step Three to Franchising : BiZ TV appearance Peter Thompson

Step Three to Franchising : BiZ TV appearance Peter Thompson

Step Three to Franchising : BiZ TV appearance Peter Thompson

If you think your business is ready to franchise and you believe that the franchise fees are going to fund everything needed to make a franchise sale, think again. Our franchise guru Peter Thompson says you need to have all your systems, processes and marketing material in place first, before you even approach the franchise market.

Comments Off on IS SECTOR A BARRIER TO FRANCHISING? – Peter Thompson

IS SECTOR A BARRIER TO FRANCHISING? – Peter Thompson

IS SECTOR A BARRIER TO FRANCHISING? – Peter Thompson

One of the most common questions posed to Franchise Consultants is “What is the most popular (and potentially most profitable) sector of the franchise industry”. The landscape has changed dramatically as franchising has proven successful in both traditional and emerging markets.

Comments Off on Pricing and the animal kingdom. How a bad pricing decision can risk your business. John Holland

Pricing and the animal kingdom. How a bad pricing decision can risk your business. John Holland

Pricing and the animal kingdom. How a bad pricing decision can risk your business. John Holland

The business environment becomes very competitive when the economy stagnates. When revenues are slowing or declining, Presidents and CEO’s know that cash flow is critical. Holding or preferably gaining market share is important but competitors are fighting hard for the customers’ dollar.