Franchise Advisory Board | Expert Franchising Advice for Franchise Leaders How to Identify and Fix the 3 Biggest Franchise Profit Killers
Sep 17, 2024
41:46
Welcome back to The Advisory Board Podcast, where we bring in experts from the business and franchising world to share insights that can boost profitability and efficiency in your franchise operations. Today's episode features a fascinating guest, Tommy Yionoulis, co-founder of OpsAnalytica, a cutting-edge SaaS platform that empowers franchises to pinpoint profitability issues in real time.
Before we dive into the meat of the conversation, we want to give a special shout-out to our sponsor, ClientTether.Thank you for supporting this episode and helping us connect with industry leaders.
In this episode, Tommy shares his unique journey from managing restaurants to becoming a stand-up comedian and ultimately co-founding a tech platform that merges his love for hospitality and data analytics. We explore how OpsAnalytica was born out of Tommy's experience with franchising and his innovative approach to solving operational challenges. He also shares how the platform helps franchises tackle three major profit killers: labor inefficiencies, material costs, and speed of service.
We delve into actionable strategies for managing labor costs in real time, optimizing processes, and maintaining accountability across your franchise operations. Tommy emphasizes the importance of consistency, the value of putting systems around tasks, and how even small, incremental improvements can significantly impact your bottom line.
Tommy's entertaining background as a comedian adds a fun twist to our discussion, making this episode as informative as it is engaging. If you're looking for a way to ensure operational excellence and drive profitability in your franchise, this episode is a must-listen.
Connect with Tommy on LinkedIn or check out OpsAnalytica to learn more about how his platform can transform your franchise operations.Thank you for tuning in, and thanks again to ClientTether for making this episode possible. Don't forget to subscribe for more expert insights on franchising and business success!
Before we dive into the meat of the conversation, we want to give a special shout-out to our sponsor, ClientTether.Thank you for supporting this episode and helping us connect with industry leaders.
In this episode, Tommy shares his unique journey from managing restaurants to becoming a stand-up comedian and ultimately co-founding a tech platform that merges his love for hospitality and data analytics. We explore how OpsAnalytica was born out of Tommy's experience with franchising and his innovative approach to solving operational challenges. He also shares how the platform helps franchises tackle three major profit killers: labor inefficiencies, material costs, and speed of service.
We delve into actionable strategies for managing labor costs in real time, optimizing processes, and maintaining accountability across your franchise operations. Tommy emphasizes the importance of consistency, the value of putting systems around tasks, and how even small, incremental improvements can significantly impact your bottom line.
Tommy's entertaining background as a comedian adds a fun twist to our discussion, making this episode as informative as it is engaging. If you're looking for a way to ensure operational excellence and drive profitability in your franchise, this episode is a must-listen.
Connect with Tommy on LinkedIn or check out OpsAnalytica to learn more about how his platform can transform your franchise operations.Thank you for tuning in, and thanks again to ClientTether for making this episode possible. Don't forget to subscribe for more expert insights on franchising and business success!