The 56-year old, International Franchise Association will launch a new workshop: Emerging Franchisor Bootcamp at the #IFA2017 Annual Convention in Las Vegas. This half-day boot-camp is open to the first 150 franchisors controlling 100 units or less on February 1, 2017 from 1:30 p.m. to 4:30 p.m.
“With 55 percent of brands that attend the conference having less than 100 units open, we saw a need to offer a special program that provides critical information from franchise CEOs and founders who’ve experienced it all,” says Shelly Sun, CFE, CEO and co-founder of BrightStar Franchising, LLC and IFA’s incoming Chair. “In addition to this three-hour bootcamp geared to leaders of emerging brands, we’ve also added other courses throughout the convention that will help propel their franchise forward.”
Executives of established and popular franchise companies will share information and knowledge on growth strategies and lessons learned. A focus will be on Recurring Revenue Self Sufficiency.
The discussion will also include
- Development strategies from pure organic growth through the broker network model and outsourced sales models.
- What infrastructure is needed at specific milestones.
- How to get financing at the emerging phase.
- How Item 19 and transparency affect growth.
Shelly Sun will wrap up the sharing her own story of growth and how she personally managed the BrightStar brand from inception through maturity.
“All of the educational programming and networking opportunities that the IFA offers have played an instrumental role in my success while building my brand,” says Sun. “By asking for the advice of other franchisors, I learned both what to do, but also what not to do during my critical start-up phase. The Emerging Franchisor Bootcamp is tailored to help the next generation flourish in their roles as they strive to grow their businesses.”
This bootcamp is free to franchisors with 100 units or less, and attendees will receive complimentary CFE enrollment and guide book (a $540 value), 400 Bonus CFE Credits to get started on the quest to CFE certification, and a copy of Shelly Sun’s book, “Grow Smart, Risk Less: A Low-Capital Path to Multiplying Your Business Through Franchising.”
Here’s a recap of #IFA2016.
At Total Merchant Resources, we hope to share news and information like this post about the the Emerging Franchisor Bootcamp to help you grow your franchise or small business. We also provide cash to small businesses, including franchisors, for any reason. You will need to have been in business for 3-months and have $100K in total revenue. If that’s the case, please contact us today to apply and you’ll gen answer in 24-48 hours from one of our account reps.