Franchise Update Magazine Issue II, 2011 | Page 11

of a Start-Up Gerson’s Got a Brand New Brand! I Grow Market Lead By KEITH GERSON Laying the groundwork for a new franchise concept t was my first week as COO of Sopra Brands. My job was to oversee the company’s existing franchise brands (no small task), and to oversee the development and implementation of a brand-new frozen yogurt franchise from its inception—in a crowded category, during a full-blown recession, for an opening date that was already months behind schedule. I’ve spent decades in the franchise business, holding responsibilities for everything from branding, marketing, training, operations, franchise development, and more. And Sopra is no stranger to franchising. They own several successful established franchise companies, but these were established chains that were acquired and had existing teams, products, and systems with programs already in place. So in preparing for the launch of a new brand, I wasn’t interested in reinventing the wheel. I embarked on a scavenger hunt to find everything I could in print and on the Internet. What I found was limited, highly theoretical, and not very helpful. I was hungry for a practical view of what was really involved. I like a good challenge. My experience was the genesis for this column. Each quarter I’ll share what are nearly real-time revelations, successes, failures, challenges, and insights I’m gaining from overseeing a new franchise start-up called EarthFruits Yogurt. I hope my transparency can help others learn what it takes to build a successful, world-class franchise system starting from that very first “Aha!” moment. More than a great idea It’s been said that Albert Einstein had more than 1,000 patents to his name, yet only a small percentage ever found their way to commercial success. Did we have a great premise that could find a marketplace? It was Randy Larsen—a successful businessman with a franchisor and franchisee (including Subway) background, and the founder, vice chair and president of MonaVie Asia Pacific, a billion-dollar exotic fruit health drink company—who first thought of the idea of EarthFruits Yogurt. He was importing exotic “superfruits” from the Amazon Rainforest and converting them into powerful, nutritious fruit juices high in antioxidants. With so many wonderful, healthy, and flavorful fruits yet to be discovered by North Americans, why not introduce them in the form of a delicious, healthy yogurt, into a category experiencing unprecedented rebirth? But was this idea enough to attract franchisees and, in turn, customers who would come back often and spread the word? 1) Developing the plan People who write business plans get more done. The best of class happen to be available for free at www. gazelles.com. These tools are focused on helping you develop a clear outline for growth, and they follow Verne Harnish’s Mastering the Rockefeller Habits book and DVD. These best-in-class tools have helped us develop a focused company with a clear outline for growth. They include a free Rockefeller Habits Checklist that can lead you to an aligned, Franchiseupdate I ssue I I , 2011  9