NIMBLE, FLEXIBLE AND FOCUSED

All high-performing franchisees have great accountants behind them managing the books and preparing the necessary financial statements, but the financial focus within the four walls of the operating business needs to be nimble, flexible and focused on both lead and lag indicators. Lead indicators are predictive indicators of future performance, while lag indicators are actual historical performance.

Choosing the right mix of these numbers and monitoring them regularly is critical for decision-making. A practical and commercial approach to the numbers is key to success and not always in the wheelhouse of a traditional accountant.