Creating High Performance Franchisees is what Elizabeth Gillam does. Having owned and operated three franchised food businesses; Boost, Healthy Habits and Bucking Bull; she knows what it takes to operate a profitable food franchise.
This multi award winning business woman, author, speaker and mentor, thrives on showing fellow franchisees how to do the same. She now has her own Podcast Franchise Secrets to tell the stories that franchisees should hear to help them to run their franchised business successfully.
During our conversation Elizabeth shared:
- How she got into Franchising?
- She explains her typical day as a franchisee
- Her expectation of Franchising
- How she worked with family
- How she got a team around her
- Why she founded Franchisee Success
- And why she started a podcast
Elizabeth’s “One Thing” that she does every day…..
- Checks her Key Performance Indicators (KPI’s) to know where her business is at
Elizabeth’s secrets are
- For having “Me Time” – Schedule it – Her “Me Time” is a weekly coffee with her Mum
- Hire people that can do what you cannot
- For Cashflow, have a spread sheet, list your regular payments on a whiteboard and use cashflow software
Elizabeth’s Tips for Franchisees are
- Her Franchisee Tip – Know your KPI’s
- Ask about the support that the Franchisor gives, how it is given, how often is it given and by whom
- When interviewing as “Who was your favourite teacher and why?
The Book that Elizabeth recommends
- Stephen Coveys 7 Habits of Highly Effective People https://www.stephencovey.com/7habits/7habits.php
- Oh, and her own Upsize your Profit – 6 steps to running a profitable food franchise http://franchiseesuccess.com.au/book
Selected Links For This Episode
“It’s the stories that Franchisees tell that help other Franchisees” Elizabeth Gillam
“Hey Employees, when you get home at 3am in the morning its not Food Poisoning you have, it’s a hangover “ Elizabeth Gillam
“Know your Key Performance Indicators right from day 1 you only have a finite period to work your franchise, make a profit from day 1 – Elizabeth Gillam
For your FREE E-course click on the link http://www.franchiseesuccess.com.au/wish