Franchise
Is Franchising Right for Your Small Business?
Is your small business growing to the point where you’re considering franchising it? Franchises can offer small business owners and entrepreneurs scaleable growth and success that could equal early retirement. But, not every small business is suitable for franchising. So, before you explore franchising for your small business, start with this guide. Here, we’ll outline…
Read MoreThe 5 Essential Financial Reports Every Small Business Owner Needs to Understand
The pulse of any business is its financials. They’re what keeps the business operating, and what will determine its overall health and longevity. So, if you’re a small business owner who isn’t reviewing financial reports monthly, how do you truly know where your business stands? Many small business owners can be intimidated by reports.…
Read MoreBeyond Brick and Mortar: Exploring Equity Partnerships Within Franchising
Ever dreamt of owning a business of your own but worried about the day-to-day grind? As an American executive, your time is valuable, and the demands of a full-time franchise might not fit your lifestyle. But what if there was a way to harness the benefits of franchise ownership without the constant operational burden? Enter…
Read MoreFive Payroll Pillars for New Franchise Business Owners
Congratulations on embarking on your exciting franchise journey! Our network of certified payroll experts at Top 2 Bottom not only support more than 300 franchisees, our executives provide new franchisee training and support for two dozen of our franchisor partners. As you gear up for grand opening, payroll might seem like an administrative mountain looming…
Read MoreTop 2 Bottom Presents at Shuckin’ Shack Annual Franchisee Conference
Earlier this week our Top 2 Bottom team was invited to present to at the Shuckin’ Shack Oyster Bar’s annual conference, called “Shackin’ Up 2023”. It had been two years since we attending their last franchisee conference event in Myrtle Beach, and it’s truly impressive to see how this restaurant franchise opportunity has grown. A…
Read MoreFranchisor Support Video Series: Onboarding New Franchisors
This is the first in a series of informational videos that our Top 2 Bottom CEO, Christopher Mallery, will be recording to help franchisors develop sound financial reporting systems for their franchise. These monthly videos will share insights about providing accounting support services for franchisees and overcoming many challenges. Christopher will also share his personal…
Read MoreFranchise Friday Podcast Interviews Christopher Mallery
Top 2 Bottom: The Preferred Accounting Partner For The Franchise Industry Over the past 12 to 24 months, Top 2 Bottom Business Solutions has quickly become one of the “top” accounting firms within the franchise industry. What started as providing basic bookkeeping and payroll support for many franchisees, has quickly evolved into consulting with franchise…
Read MoreThe Franchise Industry Beyond Restaurants
If we took a street survey, and asked random adults to name a franchise off the top of their heads, odds are great that 90% will throw our a nationally known restaurants. The top of list is likely to be populated with Quick Service Restaurants (QSRs) like McDonald’s, Subway, Pizza Hut, Dunkin’, Starbucks, Taco Bell…
Read MoreRevisiting Franchisor Life Cycles for 2023
What Do We Call You? Last month we held a couple of discovery sessions with a quick service restaurant (QSR) based in California. Legally, they were a franchisor because they had a new franchise disclosure document (FDD) approved by the federal trade commission and the State of California. They also owned several of their own…
Read MoreBenchmarks, Dashboards & KPIs (Oh My!)
It all started with a combination of fax machines and Microsoft Excel back in the 90’s. Our small franchise brand of about 30 retail units began tracking our Key Performance Indicators (KPIs) very simply. We just wanted these four basic data points from each retail store: Traffic: How many people came through the door today?…
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