Travelling to manage your business is always a difficult part of the multi branch companies. There could be chains of restaurants and the business owners go through a difficult rush hour managing all the business daily. It is always better when you visit and check up on your business on your own but that is the challenging part of having business in different locations.
There are many obstacles that stop the business owners from managing this type of business as it is too difficult to visit each place daily and at times impossible as the business branches could be located in different states and countries. And to travel daily to each branch is impossible which also becomes a hinderance in the performance of the business and the company production level might not reach the expectation level.
Hence here are 5 steps to manage multiple branch business for an easier way to have everything under control:
- Encourage healthy competition
This increases the urge to perform better. Every branch will try to perform better than the other when you encourage a healthy competition between the branches. Declare small rewards for the employees and tell them about how the other branches are performing and how you would like each branch to perform and reach a certain target. This will develop a healthy competition among each other and they will perform better in order to reach the target.
- Equal share of information
Pay attention to each branch equally and communicate with them in the same manner. Share the same information with each branch and make sure you are delivering the full information to each branch as this will bring growth equally in every branch. Choose the same mode of communication it can be an email which will have the same information with the same specific words so they all have the same information and the same news and no chances misunderstanding or miscommunication.
- Get an employee management system
Get a system, team of management or a software that can manage your employees in all the branches. Keep their work scheduled and organized. Make sure that your management is strong and the employees are not taking advantage of you not being present at the workplace. There are many software that help you track your employees if they showed up and finished their part of the day or not hence it is highly useful to get a software that can perform this function.
Check up on your employees and divide your time for each branch, schedule meetings with your employees and encourage them to perform better but also let them know that you are in control.
- Leave the micromanaging style
It is impossible to visit all the branches in case the distance of the locations are drastical. Therefore put a supervisor in each branch who are answerable to you hence someone else can watch it for you. Get trustworthy employees with experience to supervise the smaller ranking employees so you can depend on them about looking after your business.
Reach is an accounting software that has products like; ERP, POS, CRM and accounting. It is a cloud based accounting software hence it stores all your accounts in the cloud with backup and gives high level security. It updates all the details in real time which is extremely helpful in multiple branch business.
Reach ERP takes account of every department and updates you all the details in real time which keeps you aware of every detail in your business the minute it happens. Hence you do not have to worry about visiting each location and collecting the accounts daily or having to wait for the end of the day to get all the accounts in your email. It also tracks your employees and the work progress and much more, hence you can manage your business sitting at home and even when you are on a vacation.
Features of Reach Accountant are:
- Project management
- Expense management
- Inventory management
- Bulk messaging
- Lead management
- Mobile apps
Reach Accountant manages an entire business. It takes care of your business even when you are not at the workplace. It is an entire package, a new way to manage your business in an intelligent way. It can calculate your profit and presume your profits with the details collected by it and provided by you.