As the end of 2022 approaches, the topic of budgeting is top of mind for many, including franchise owners.

Imagine having a tool that prevents you from cramming in your business plan and budgeting just months before the new year. Wouldn’t it be nice to access all expenses and revenue every month automatically? Instead of waiting till Q4 to assess and plan for next year?

Adding serviceminder to your’s and your franchisees’ tool belt can solve the unavoidable daunting task of budgeting.

Here’s how serviceminder eliminates budgeting hurdles….

Tip #1: Find the Right CRM for your Brand

When searching for a CRM, be sure the platform supports your industry and fully understands the franchise model. If you are a home service franchise, serviceminder would be the perfect fit for your business.

Choosing a CRM that has experience in your specific industry will ultimately save you time and money in the end.

serviceminder is the only comprehensive and franchise-focused home services CRM. By providing a variety of different features, serviceminder takes the stress off franchisors by empowering franchisees.

From tracking marketing efforts, delivering professional online proposals directly to clients, to lead capture, and much more. serviceminder provides unique tools and integrations designed to make your brand stand out from competitors. But most importantly, for today’s conversation..serviceminder offers automated and robust reporting features which help streamline the budgeting process for franchisors.

Tip #2: Know Where Your Leads Are Coming From

One of the many reports serviceminder offers is called Revenue by Lead Source. This report shows how much you are spending and where each month!

Revenue by lead source provides the opportunity to strategize and monitor marketing budgets. Most of our home services brands track the performance of calls, ads, and email campaigns through this automated report. This feature can also be integrated with a third-party marketing platform if requested.

serviceminder also allows franchisors to require minimum marketing spend for franchisees. Ultimately, this capability helps when budgeting to see where to cut back on an unsuccessful campaign or put more money into a successful campaign. Allowing monthly reminders to analyze current spending, so there are no surprises at the end of the year or quarter.

Tip #3 Royalty Reporting

As we’ve mentioned, serviceminder is the platform for managing and operating home services brands. We understand the importance of royalties in the franchise business of course, we created a feature to take the headaches out of this process.

This helpful and automated tool is called Royalty reporting. This feature eliminates stress and hurdles for both the franchisors and franchisees. Our report even includes some basic marketing results data for easy reference while reviewing the royalty reports.

When planning a brand growth strategy, it’s helpful to easily access royalty reports to make your next move based on data and location performance.

Let’s get to Budgeting!

As data nerds, we can confidently say our 3 tips and many franchised-focus features make budgeting less stressful. If you have any questions about serviceminder feel free to book a demo here