FRANCHISING: “Do I Receive Any Ongoing Business Coaching?”
The B.E.A.R. Mentorship program is included for all franchisees. The acronym stands for Build, Endure, Ascend, Realize – with each stage representing slightly adjusting strategy and planning.
Before we get into the infrastructure of our franchisee support – it’s important to know just how much of an advantage our proprietary software build is for our franchisees. Among other things, it allows us to view all of your important numbers and data in real time, and not have to wait for a month report. This means we’re able to trend spot and identity your successes and challenges ahead of schedule.
Every month, our team conducts a virtual meeting with you to review the following:
Key Performance Indicators
Known as KPIs, we look over data such as average class sizes, member retention, new member acquisition, and more, and weigh this against your total membership size. We know exactly where you need to be and what needs to be done to get you there.
Brand Standards Observation
We help you ask the right questions of your experience so you know what to look for out of your members and coaches. Additionally, with every workout and coach experience rated by members, we will have a good picture of the type of experience your team is delivering, and where we might be able to offer you additional support.
Each month, we’ll get a first hand look at your revenue and expenses so that we can help you track your break even point, and forecast expected profitability based on certain growth numbers. We’ll also offer insights and strategies to help you grow for when you hit very natural slow down periods.
We know exactly how many classes you need based on your membership size to deliver the optimal P360 experience that will maximize both your retention and your growth. Never wonder when it’s time to add a class or if it’s a good idea. We will always help guide you in this area.
We’ll also be able to help on the amount of coaches you need, hiring, interviewing and onboarding for whenever that time comes.
Businesses are owned and run by people, who have human emotions, successes, and challenges. We’ve been through a lot in our 12 years of ownership, and chances are very good we can relate to what you’re doing through. Sometimes, you just need a shoulder to lean on.
As your business grows and takes on more members and coaches, it’s important that your leadership and communication abilities grow with it. Challenges happen, and we want to make sure you are prepared with the right language, tone, and strategies for every occasion. When to come in firm, and when to back off.
The monthly B.E.A.R mentoring call is the crux of your successful operation, and the insights provided on it are invaluable to ensuring your Performance360 is optimized for success.
Access your free Performance360™ Franchising Guide.
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