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Elizabeth Gillam-
Franchisee Success
8 Years as a Boostie…..
#silverfox @lizzymaygillam
Love the Brand
• The Music
• The Bright Lights
• The Noise
• The Boostie singing and dancing while making my drink
• You are a reflection of the brand
Love the Brand
Love your Team
• 80% of your problems come from 20% of your staff
• Be firm but fair
• You are responsible for establishing the culture in your store
• Give respect to earn respect
My secrets
• 3 strikes and you’re out!
• Do jobs better than any one of your staff
• Work in store
• Always be “UP” when working in store
• Avoid being a seagull
• Get rid of some staff
• Have Team Meetings
Know your business
• Have a business plan
• What turnover can I achieve?
• What am I going to do to increase sales
• How am I going to improve profitability
• Can I increase customer loyalty
• Do I have the right staff
• Staffing – How do I communicate with them and how do I reward
them
• What are my goals and missions?
• Know your KPI’s (key performance indicators)
• Labour
• Sales per labour hour (s/lh)
• Average Transaction Value (ATV)
• Cost of Goods Sold (COGS)
• Rosters
Wellbeing
Technology
• Factory in your hand!!!
• Google Account
• Sync your contacts, calendar and your
emails
• Apps!!!!!
Love your FBC
Why does Franchising work for me
• Marketing
• Product development
• The menu and pricing is refreshed yearly for me
• Products are sourced for me at the best price to
ensure that I am making the best profit I can
• Shopfits are designed for me and are within
current trends
• Leasing is negotiated down to industry best
• Conferences
Newbies – this is for you!!!
• Work out your KPI’s and monitor them daily
• Empower your employees
• Use professionals with Franchise experience –
Lawyer, Accountant and Bookkeeper
• Schedule everything
• Take a proper holiday and leave the team to it!
• Body text to go here over these lines
Old Dogs – I should share these tips
• Plan to exit the system
• Full Lease
• New Shopfit
• 3 years of financial records prepared
• Be aware of selling costs both broker and
franchisor
• Have money to payout your suppliers etc on day
of settlement
Where to from here
• Mentoring
• Website – www.elizabethgillam.com
And the book….

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Franchisee Success

  • 1.
  • 3. 8 Years as a Boostie….. #silverfox @lizzymaygillam
  • 4. Love the Brand • The Music • The Bright Lights • The Noise • The Boostie singing and dancing while making my drink • You are a reflection of the brand
  • 6. Love your Team • 80% of your problems come from 20% of your staff • Be firm but fair • You are responsible for establishing the culture in your store • Give respect to earn respect My secrets • 3 strikes and you’re out! • Do jobs better than any one of your staff • Work in store • Always be “UP” when working in store • Avoid being a seagull • Get rid of some staff • Have Team Meetings
  • 7. Know your business • Have a business plan • What turnover can I achieve? • What am I going to do to increase sales • How am I going to improve profitability • Can I increase customer loyalty • Do I have the right staff • Staffing – How do I communicate with them and how do I reward them • What are my goals and missions? • Know your KPI’s (key performance indicators) • Labour • Sales per labour hour (s/lh) • Average Transaction Value (ATV) • Cost of Goods Sold (COGS) • Rosters
  • 9. Technology • Factory in your hand!!! • Google Account • Sync your contacts, calendar and your emails • Apps!!!!!
  • 11. Why does Franchising work for me • Marketing • Product development • The menu and pricing is refreshed yearly for me • Products are sourced for me at the best price to ensure that I am making the best profit I can • Shopfits are designed for me and are within current trends • Leasing is negotiated down to industry best • Conferences
  • 12. Newbies – this is for you!!! • Work out your KPI’s and monitor them daily • Empower your employees • Use professionals with Franchise experience – Lawyer, Accountant and Bookkeeper • Schedule everything • Take a proper holiday and leave the team to it! • Body text to go here over these lines
  • 13. Old Dogs – I should share these tips • Plan to exit the system • Full Lease • New Shopfit • 3 years of financial records prepared • Be aware of selling costs both broker and franchisor • Have money to payout your suppliers etc on day of settlement
  • 14. Where to from here • Mentoring • Website – www.elizabethgillam.com