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Fight for Your Franchise Challenge, Week 10: Technology Tools That Make Your Business More Rewarding and Much Easier to Run
June 8, 2020 4 min read Opinions expressed by Business owner factors are their own. The Fight for Your Franchise Challenge focus today is innovation and tools that make your service more profitable and simpler to run. Technology is now a big part of every company, and it isessential to make sure you’re executing the most affordable and effective choices. The Franchise Bible Coach Innovation Guideline: As I often tell my customers, technolgies need to be executed into a business design only , if it makes the human beings more effective and more lucrative.. Caution! Avoid the innovation great void. Even though essentially every business now has technology elements, you need to be really careful when you consider a technology project.
I have actually seen franchisors and franchisees that have spent a significant quantity of time and cash on technologies that do not heed the above advice. Some of them spent hundreds of thousands of dollars on designers for custom-made work, only to have it not work ideal or eventually become outdated.
In every case, business owner had good objectives and a vision to utilize the technology to improve their company in some way. One of the expensive concerns with customized software application advancement is “scope creep.” This is the really real temptation to keep including new “whistles and bells” to the platform. Due to the reality that custom-made software application development is reasonably endless as long as you have the time and budget plan, it’s simple to over-build the platform instead of staying within the scope of its initial requirements.
Fight for Your Franchise Difficulty, Week 9 Here are a few of our Franchise Bible Coach technology ideas that you can implement so you and your users are more successful and effective:
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Establish a comprehensive innovation strategy. Having prepare for all 5 departments of your company permits you to remain focused and pursue the “Zenith Level,” which will make your organisation function at its greatest and most effective capacity. Make sure to include your departmental objectives and KPIs so you can measure your progress.
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Devote to being a “technology made it possible for” service. Strive to go beyond “innovation friendly” and produce a “innovation made it possible for” company design that makes the operations and client experience easier and more effective.
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Evaluate third-party technology platforms. There are numerous innovation platforms that can be plugged in to your organisation on a membership basis. This alternative is far cheaper because the shows has been looked after by the original designers.
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Study your users and track and fine-tune. Getting feedback from the people that actually use your technology systems will permit you to change and enhance your systems. This also gets them associated with the job so they feel a deeper level of involvement.
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Examine your innovation plan and spending plan on a regular basis. Assess your goals and KPIs to determine progress given that the last conference. Also make sure that you remain focused on your spending plan and avoid “scope creep.”
This week on our Franchise Bible Coach Radio Podcast With Rick and Rob, our guest was Mayumi Young, Founder and CEO of CPA MOMS. Mayumi shared her innovation pointers and methods that have enabled Certified Public Accountant MAMAS to establish a strong franchise company design that allows its owners to work remote from any place. You can listen to the entire podcast by signing up with the fight to get your complimentary weekly emails. Register now at www.franchisebiblecoach.com. Related: Defend Your Franchise Challenge, Week 8 The Defend Your Franchise Obstacle coaching videos are now hosted on Entrepreneur.com, and you can subscribe totally free. This provides you access to our content, as well as other terrific resources provided by Business owner. Click here to set up your complimentary account. Older sessions are available on the Franchise Bible Coach website (www.franchisebiblecoach.com) under the “Weekly Material” tab.
Today, put in the time to examine your present innovations and see if they pass the Franchise Bible Coach innovation guideline test to make your organisation more effective and more rewarding. And keep in mind to keep combating the excellent battle!
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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