We had a great time speaking to Franchisees at the Jiffy Lube International Franchise show at the Gaylord National Resort & Convention Center last week in Washington DC. We spoke to franchise owners about the benefits of Mystery Shopping, as well as Loss Prevention solutions we provide to franchisees worldwide.
It amazes me that in 2009, there are still organizations with over 50 retail stores (often times, over 100 units) who still do not focus on the risk of cash and inventory loss, or even recognize these as serious issues. I actually had someone say to me that these issues are the least of their problems, and that they can't even get their staff to ring the sale through the register properly! "Case in point".
We had many positive discussions with other franchise executives who were motivated after our discussion, and looked forward to getting back to their business to implement some of the concepts we discussed. As another Franchisee commented, he views those that don't take the risk seriously, simply as "acquisition targets". That is a very entrepreneurial way for one franchisee to look at others who choose to ignore business risks.
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