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In the ever-changing landscape of business, economic storms can present both hurdles and opportunities for brands. While rising interest rates and escalating inventory costs may appear as daunting obstacles; stalling expansion plans and impacting revenue, all hope is not lost. Instead, these challenges serve as signals for brands to reassess their strategies, adapt to the new conditions, and chart a course towards resilience and growth. How can these brands not just weather the storm but emerge stronger, ready to navigate a new era of expansion?

For franchise brands looking to expand, strong growth begins with building a robust franchise network. Central to this growth strategy is the effective management of relationships and data, which is where customer relationship management (CRM) solutions come into play. A CRM system is a technology that helps manage interactions with potential franchisees, aiding in closing deals, and improve overall organizational efficiency. Franchise brands heavily rely on CRMs to streamline their sales processes, enhance communication, and drive revenue growth.

Using spreadsheets to manage your new sites’ construction projects is like holding onto your first car. It’s been around for years, you know and have accepted its quirks, and it gets the job done. But when (not if) it eventually breaks down, you will wish you had moved on years ago. It can be appealing to use spreadsheets early on as they are easily accessible and something you are likely familiar with. However, you will often find them less effective as you scale. Utilizing a purpose-built construction project management platform enables you to quickly analyze buildout progress, manage site opening responsibilities, ensure that you are staying on budget, and much more!