The Future of Franchising
The Future is Here!
Chat GPT, AI, and even in franchises. There are always new innovative ways to be improving technologically in the franchising industry. Plenty of popular franchise brands have now created a zero human contact or interaction concept. This allows convince, safety to employees and customers and business profitability.
Robotic Workers???
That's right! Some franchise brands, like Bobacin, have started to use robotic baristas. Bobacin is a Boba Tea restaurant concept that has kiosks to order boba tea creations. Once these orders are placed, they created by a robotic barista! This really is the future.
Another example of zero human contact or interaction is Brooklyn Dumpling, which is a new up and coming franchise along with Bobacin. Brooklyn Dumpling is a grab and go restaurant concept that offers your favorite diner staples crafted into dumplings! Their technology allows you to order your dumplings through a kiosk, that are then delivered into an automat locater system that keeps food hot or cold, ready for you to pick up. Talk about customer connivence!
Plenty of brands have joined the futuristic trend with incorporating online ordering, apps, and kiosks. These help boost brand connection and creating an easier ordering process!
These examples of innovative technology in the franchising industry are just the beginning of what is to come! The time is now to join the future of franchising.
What To Negotiate in the Franchise Agreement
Before going into the negotiating aspect, one must always ask the franchisor whether they are willing to negotiate. Usually franchisors state that they have a rigid Franchise Agreement and that it is not open to negotiating. However, there may be some instances where the franchisor may allow some flexibility. Stated below are a few tried and tested tips for negotiating franchise agreements and which areas to concentrate one’s efforts on.
Growing a Franchise Business: Specific Advice from 3 Successful Franchisees
Back in the day when I used to own a UPS Store franchise, I always looked forward to receiving the quarterly list of the Top 200 stores nationwide. I often wondered what these top franchisees were doing differently that helped them gain so much more business than the average UPS Store franchise. But for one reason or another, I never found the time or the opportunity to reach out to these successful owners.
4 Things You Need to Open a Franchise
One of the most popular questions we get asked is, “What does it take to open a franchise?”
