The franchise business model is without a doubt one of the greatest success stories of the twentieth century. Businesses like McDonald’s, Howard Johnson’s, 7-Eleven, Western Union and countless others all operate as franchisors. Using the franchise model, companies are able to expand their footprint around the country and the world, without having to absorb the cost of that expansion entirely on their own.
It seems like a perfect system, right? Well… yes and no.
One of the biggest challenges to this creative and highly successful business model is the franchise relationship itself. Since franchisees are part owners, they demand support, accurate communication and transparency in all aspects of the business. Managing the franchisees of a large, or even a smaller organization, is a time-consuming and complex task. But what if it could be made easier?
A Better Way to Manage Franchise Relationships
Although the franchise relationship is different from the traditional employer/employee model, similar needs exist. Just as employees want access to training and information to help them better perform their jobs, franchisees demand the same. But in the franchise business model, the stakes are even higher. Franchisees need a robust and effective support system to help them stay in business. That’s where we come in.
When a typical company needs help managing their employee training needs, they implement a Learning Management System (LMS). When they need help managing all of the communication and information sharing needs of the entire organization, they turn to TOPYX®, the Social Learning Management System.
TOPYX is a unique solution in many ways. First, it provides a customized portal that a user can login to and see all of the information that is relevant to their individual needs. Second, because of the social nature of TOPYX, users not only have access to information, they now have a two-way communication channel. And of course, it meets the training needs of the users by providing a detailed roadmap and access to training from anywhere, at any time.
The same robust and cost-effective solution that companies are using to meet the needs of their employee workforce can be used just as effectively with franchisees. In fact, TOPYX fits perfectly with the franchise business model.
Since TOPYX is a cloud-based solution, franchisees simply login to the system using any browser-enabled device. There is no extra equipment to buy, and is built to be simple to use and administer. In fact, TOPYX is a flat-fee platform that can support thousands of users, all for the same low rate. So, you can have 200 or 20M users access your franchise learning management system without it changing your bottom line. And it is easily customized and branded for any business. You can have your franchise up and running with TOPYX in about three weeks.
For more information on how TOPYX is the perfect solution for managing the franchise relationship, click here to request a free live demo.
Don’t let the complexity of a franchise system get in the way of your company’s success. Your organization will save time, money and effort by choosing this one simple solution. The award-winning TOPYX Social LMS is a better way to manage and grow your franchise relationships.
Vice President, Business Development