In the world of franchising, accurate financial information plays a crucial role in both the success of franchise brands and in supporting franchisees. A clear understanding of the financial health of individual franchise units allows the franchisor to provide necessary support and guidance, while franchisees can make informed decisions to drive profitability and long-term sustainability.
In a recent interview with OnePoint Accounting, Big Sky Franchise Team’s CEO, Dr. Tom DuFore, explored how accurate financial information helps in supporting franchisees, and the practices that both emerging and established brands can adopt to ensure financial transparency and success.
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