Profit Mastery for Franchisees
Do you want to make more profit? Improve your cash flow? It all starts with money management.
Diagnose and Monitor Financial Performance
Find Cash Now
Obtain Bank Financing
Gain Financial Control
Improve Profits Now
In the growing franchise community, the needs of the franchisees are numerous. The franchisor is called upon to develop new products and deliver a wide-spectrum of services — including a knowledgeable field staff, marketing and operational support, and training.
The delivery of all of these services requires that the advisory skills of the field staff be fine-tuned so that they are equipped to give appropriate and knowledgeable advice — including the "dollars and cents" of a franchise owner. We work with an expanding number of franchise networks because our Profit Mastery process is so effective at improving both the profitability and cash flow of an individual business and the network as whole.
Here are just a few of the skills we can help you build:
Diagnose and monitor your company's financial performance
Use break-even analysis to make better decisions relating to cost, price, and profits
Avoid cash crunches and increase cash flow
Plan for and manage growth
Communicate more effectively with bankers and other financial professionals
Structure a loan that's the right fit for your business
We deliver financial know-how in a straightforward approach. For over 40 years our Profit Mastery program has partnered with the International Franchise Association (IFA) — and worked with dozens of individual franchisors. Our program, “Profit Mastery: Financial Bootcamp,” is the financial cornerstone of IFA’s CFE program — and we are consistently top-rated presenters for panels, workshops, and round-tables. In addition, Profit Mastery has been introduced to nearly all seven continents (Antarctica is proving to be a little difficult).
The most common way for us to meet your organization for the first time is to deliver a keynote general session (90 minutes) and related workshop (90 minutes) at your next national/regional conference. Our presentations consist of a combination of information, motivation and humor. We are typically the top-rated presenters at any conference we attend. Our instructors have a tremendous ability to motivate audiences and build excitement around the usually dreaded "numbers" topic. Contact us and let us show you how to bring "numbers know-how" to life. Your financial success and strength depends on it.
“Excellent presentation. This made it much easier to understand what the numbers mean on the P&L and Balance Sheet and what to do with these numbers to make a business more successful.”
- Chris Berquist, Winmark Corp.
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Profit Mastery is a financial education program designed to help businesses improve their financial management skills. For Franchisees, it provides essential financial knowledge and tools to run their franchise effectively. For Franchisors, it offers a standardized financial training program to ensure consistent financial performance across Franchise locations.
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Profit Mastery equips Franchisees with the skills and knowledge needed to understand their franchise's financial statements, manage cash flow effectively, and make informed financial decisions. This improved financial literacy leads to better business management and increased profitability for individual franchise locations.
Profit Mastery enhances strategic decision-making capabilities by enabling business owners to assess the financial implications of various options. Whether it's expanding operations, investing in new technologies, or pursuing mergers and acquisitions, a deeper understanding of financial principles allows business owners to evaluate risks, rewards, and potential outcomes more effectively.
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By implementing Profit Mastery as part of their training and support programs, Franchisors can ensure that all franchisees receive standardized financial education and training. This consistency in financial management practices across franchise locations helps maintain brand standards, improves financial performance, and protects the overall brand reputation.
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Profit Mastery empowers Franchisees to take control of their finances, identify areas for improvement, and implement strategies to enhance profitability. With improved financial management skills, Franchisees can optimize operations, reduce costs, and maximize revenues, leading to increased success and profitability for their franchise businesses.
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Yes, Profit Mastery can be customized to address the unique needs and requirements of Franchisees and Franchisors. Customized training programs can be developed to align with specific franchise systems, industry sectors, or business models, ensuring that the content is relevant and actionable for all stakeholders involved.
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Profit Mastery provides Franchisors with a structured framework for assessing franchisee financial performance and providing targeted support and guidance. By tracking key financial metrics and benchmarking performance across franchise locations, Franchisors can identify areas for improvement and offer tailored support to help Franchisees succeed.