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How Do Franchisors Monitor Their Franchisee’s Performance

Hey People,
I started franchising a few years back, and now have seven franchisees in my network. We keep track of every unit’s performance and provide them with all the training and support they need. It has been overwhelming, but now I have started using a few KPIs to get a better idea of their performance. Some of the elements that I keep a check on include the profits generated by the unit, sales volume in each period, comparison with competitors in the same location, relationship with suppliers, inventory management, customer satisfaction and website traffic monitoring. There are a few others, and you can know about them in detail by looking at the article shared below. 

Read more: https://www.franchise2sell.com.au/blogs/franchise/how-do-franchisors-monitor-their-franchisees-performance

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