The 6 Key Metrics Successful Franchise Restaurants Use to Measure Potential Here are six metrics that top franchise restaurants use — that you can use as well — to determine the potential of a new project and whether it's worth their time.
- How to effectively measure the potential of a new franchise project
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When it comes to measuring potential, it often feels a lot like guessing. We use vague sayings like, "Go big or go home," or "You can either be a big fish in a small pond or a small fish in a big pond." It's either big or small. Successful or not. Worth it or worthless.
How come we're only measuring potential like it's purely black or white?
For under-appreciated small giants with limited resources, this is too simplistic. If you have limited resources, time and energy, scaling takes thoughtful strategy — something that franchise restaurants have long learned the hard way.