Let me start out by stating this; I am not a member of The International Franchise Association. (IFA) That's full disclosure, folks. One thing that I feel they do a stellar job with is lobbying. Matthew Shay, it's leader, knows how to work it over on Capitol Hill. The IFA just made it's position known concerning health care reform. I grabbed this off of their website; "The Senate’s Patient Protection and Affordable Care Act will not reduce the cost of health insurance for franchised employers, and we cannot support health care legislation that fails this basic test,” said IFA Vice…
Franchising
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The Franchise King Blog
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The Health Care Reform Bill; Here's The International Franchise Association's Stance
20 Nov 2009 | 1:05 pm -
Franchise Success And Franchise Failure; Please Keep Head Out Of Sand
20 Nov 2009 | 3:04 amIt may be too late for that guy(This is a post from a strategic partner of mine, Paul Segreto. Paul has been there and done that in franchising. and he wrote this a while back) I can personally relate to the trials and tribulations of owning franchise businesses as I have “been there and done that” and have experiences on both ends of the spectrum from achieving overwhelming success to dealing with bitter failure. I have definitely come to understand the fine line between success and failure in trying to nail down the American Dream.I know it is sometimes counterproductive to even mention… -
Kauffman Foundation Funded Study Reveals GLOBAL Impact Of An Economic Recession
19 Nov 2009 | 10:14 amIn a study just released, and brought to my attention via M Booth And Associates in New York City, there is clear evidence of the impact of this recession on the world entrepreneur community.The Organisation for Economic Co-operation and Development (OECD) wrote that;"Our research shows that new and young firms have been the primary source of new jobs in the United States over the past three decades," said Robert Litan, vice president of Research & Policy at the Ewing Marion Kauffman Foundation, which funded the study. "While business exits are a normal part of a healthy entrepreneurial… -
The Franchise King® Is Not Being Paranoid
19 Nov 2009 | 7:48 amSmall Business Loans Drop By $10 Billion(From CNN.com, today)"Some banks are unapologetic about their cutbacks. Small business defaults are soaring, and banks are under pressure to shore up their balance sheets and reduce their exposure to risky loans. Two key small business lenders, CIT Group and Advanta, filed for bankruptcy this month."This is not paranoia. This is reality.I have been telling folks this for the last month via; Radio programs Interviews Blog articles Phone consults Franchise seminars Social media WhiteHouse.Gov Some folks feel that I am sometimes a little… -
Franchising And Veterans; A Good Fit?
18 Nov 2009 | 11:39 amOn Veteran's Day, I was asked to join two rather energetic and engaging women on their weekly small business radio program, to discuss how military veterans fit into the scheme of things with regards to franchise ownership. I'm from this school of thought; Military veterans can be great franchise owners. It's just that we don't live in a perfect world, and some people, veterans or not, just shouldn't be small business/franchise owners at all. No way. no how. (For lots of reasons) Now back to the ladies from Boost Your Business Radio. Who are they? Rieva Lesonsky owns GrowBiz MediaShe was the…
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The Franchise Blog 4 Vets
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Veteran Business Owners (VBO's); Are You Experiencing Social Media Marketing Fear?
20 Nov 2009 | 5:38 amAre you using social media marketing to help your business grow? Or, are you waiting for business to come through your door, because your business is just that good? Paul Segreto, a strategic partner of mine, recently wrote a nice... -
Maid Brigade Awards A Free Franchise!
9 Nov 2009 | 7:39 amVeterans Day is November 11th, and a lucky military veteran just won a free franchise start-up! Maid Brigade is a 300+ franchise unit residential cleaning franchise out of Atlanta, Ga.Read more here! -
New Franchise Talk Show Added To BlogTalk Radio
9 Nov 2009 | 6:15 amHere's a chance to get the straight scoop on the business of franchising, from two franchise professionals who don't seem to have a problem saying what sometimes needs to be said... Sometimes, it's not all good. Read about the show,... -
Einstein's Bagels Comes To San Antonio
2 Nov 2009 | 10:31 amCharles Loflin, a local San Antonio entrepreneur with ownership in more than 28 eateries, celebrates the grand opening of his Einstein Bros. Bagels franchise location at 12730 IH-10 West in San Antonio, Texas. It is the brand's first franchise location... -
Veteran Takes 7-Eleven Up On It's Veteran Franchise Discount Offer
26 Oct 2009 | 3:21 amRandy Harrell and his wife, Kristi, are slated to take over as franchisee in early November at the 7-Eleven store on Dunlawton Avenue in Port Orange, Fla for an undisclosed price. The Air Force Veteran was attracted to the offer...
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DailyFranchiseNews.com
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Eliminating the Excess
18 Nov 2009 | 7:35 amThe holidays have become synonymous with excess but this year, you can spoon into something just as sweet but without the guilt. Chain Leader reported that Tasti D-Lite has announced several new menu offerings for the months of November and December. In November, Tasti D-Lite will feature a combination of historically popular and new fall flavors - Apple Pie, Caramel Apple, Pumpkin Pie and new Pumpkin Cheesecake - as a complement to its daily rotation of more than 100 flavors. Adhering to Tasti D-Lite's mission of offering lower-calorie, guilt-free treats, each of these featured flavors… -
The Changing Franchise Marketplace – EXPLAINED!
17 Nov 2009 | 11:50 amIf you lost your job today, would you search for a new one or go into business for yourself? It’s a question many Americans have had to answer over the past year but making that decision is not easy – especially if you’ve never even fathomed owning a business before. The upside is that franchising allows you to strike out on your own without having to develop a concept from scratch and it provides you with a built-in support system to help you every step of the way. Crain’s Chicago Business recently posted a great Q&A with Laurie Pollock, a woman who helps potential Chicago-area… -
A Fresh New Look
16 Nov 2009 | 8:16 amWhat does a brand like Tossed need to complement its fresher than fresh ingredients? An equally fresh appearance, of course. Fast Casual reported that the Fort Lauderdale-based upscale salad chain recently unveiled a new logo and look designed by Good Studio and JBI Interiors, respectively. The goal of the overall look and feel of the restaurant is to display a more urban design, accomplished though the use of modern colors, furniture and construction materials. For example, embossed plywood is used in one of the seating areas that can be easily painted and installed. The wooden tables are… -
Birmingham Bumps Up its Value
13 Nov 2009 | 8:34 amTalk about a company that’s beating the odds! The Birmingham Business Journal reported that economy extended stay lodging brand Value Place is expanding its presence in the Birmingham region. Value Place opened its first Birmingham location in Pelham last year, followed by a Bessemer location, which opened in June, said Gina McKee, vice president of franchise development. She said the chain is currently evaluating sites for three additional franchisee-owned properties. McKee said the chain has identified a spot at Highway 78 and Roebuck Drive and another at Interstate 59 and Chalkville… -
Simplifying the Internet with WSI’s Daren Coudriet
12 Nov 2009 | 7:57 amIs your franchise looking to build its presence online? If so, Daren Coudriet is the man to speak to. Coudriet, 44, has been in technology consulting and internet solutions for more than two decades and counted companies like The New York Times, Standard & Poor’s and Amtrak as clients. Just about six years ago, Coudriet became a WSI franchisee and recently moved his business from the Boston area to State College, Pa. Started with WSI on 1/1/2004 (coming up on sixth anniversary) and has been growing his client base ever since. DailyFranchiseNews recently sat down with Coudriet to find…
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Rush on Business
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Small Business Blogs for the Soul
12 Nov 2009 | 5:41 amThe Franchise King has a great list of 20 small business blogs that have the right stuff. These blogs possess some of the best content on the Web when it comes to small business. Be sure to check them out! -
Shareholder Agreement Gotcha Under Iowa Business Law?
2 Nov 2009 | 4:00 amThroughout this blog you will see posts that recommend business people enter into a shareholder agreement when they start a corporation with multiple shareholders. But did you know that unless your shareholder agreement states otherwise, your shareholder agreement may only be valid for 10 years pursuant to Iowa corporate law? Chapter 490.732 of the Iowa Code seems to indicate exactly that (although I have never seen it applied in a case yet). I think this is something that maybe even some of the most experienced corporate attorneys may not realize. So don't be surprised. You should… -
What Employers Need to Know About H1N1
23 Oct 2009 | 5:00 amIn a recent interview I was asked about what employers need to know about the H1N1 virus as a follow up to my recent post on how employers need to be prepared for H1N1. I didn't have a lot of time to respond as the question came towards the end of the program and we ran out of time. As a follow up, I thought I would mention that Connecticut employment lawyer, Daniel Schwartz, has a great post on H1N1 and the workplace. Daniel lists some available resources and has several recommendations for employers to get ready for the flu season: Update (or create) a Business Continuity Policy with… -
Insight on Business Interview
22 Oct 2009 | 5:00 amI had the pleasure of sitting down for an interview with Michael Libbie yesterday. We talked blogging, discrimination cases, franchising and other issues. If you didn't catch it live you can watch the podcast here. (The interview begins at about the 30 minute mark). If you haven't heard about Des Moines Local Live, you should check it out. It's an Internet radio station with 50 local radio hosts talking everything from business to sports. A real testament to Des Moines' Internet-blogging presence. -
How to Catch the Business Investor's Eye
19 Oct 2009 | 7:25 pmNeed capital for your business? Looking for an investor? If so, you should take the opportunity to attend a seminar from the Business Innovation Zone of Central Iowa (BIZ) on how to get your business into shape and attract an investor's eye. Adam Claypool of DeWaay Investment Banking is the speaker. I have worked with Adam on several occasions so I know this will be a worthwhile opportunity to listen to one of central Iowa's more prominent investment bankers. The presentation is this Wednesday, October 21st at the Des Moines Partnership offices, 700 Locust Street, Suite 100, Des Moines, Iowa.
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BLUEMAUMAU.ORG
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Beyond Mobile: Augmented Reality for Retail
19 Nov 2009 | 1:11 pmI think the time has come to talk about something that has been increasing in buzz in the general tech community, because of the potential to apply it to retail. -
Which Hotels Might Get Sick on Health Care Legislation?
19 Nov 2009 | 5:22 amIn health care reform, the hotel industry has much to gain or lose, depending on the specific components of any final legislation. -
The Quick Printing Crossroad
18 Nov 2009 | 5:34 amIn order for any industry to stay competitive in a rapidly changing environment, companies within the segment must have core competencies that consistently stay ahead of emerging trends. -
Ten Reasons Franchisees Should Support the Arbitration Fairness Act of 2009
17 Nov 2009 | 9:50 amIn urging support for the pending Arbitration Fairness Act, on June 22, 2009 I wrote an article entitled “Make Mandatory Arbitration Illegal:” -
Lessons for New Franchise Investors
15 Nov 2009 | 8:27 amThis is a tough love tutorial. If you can’t handle the play, stay out of the game! If this is too tough for your tender sensibilities, feel free to call me names. It won’t bother me one bit.
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THE BIZOP NEWS
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FTC Settlements Bar Deceptive Online Marketing
19 Nov 2009 | 6:31 pmImage via WikipediaFrom the FTC Press Release on Commerce Planet's deceptive negative option plan.An online marketer of purportedly "free" Internet auction kits, which automatically charged unwitting consumers $59.95 a month for enrollment in an "online supplier" program for Internet auctions, has agreed to settle Federal Trade Commission charges that its actions violated federal law. The separate proposed court settlements with the company and two of its former executives bar them from similar deceptive conduct in the future, and require them to make specific disclosures to ensure consumers… -
Schoemaker and Yu Make Up
19 Nov 2009 | 5:37 pmImage via WikipediaMr. Schoemaker and Mr. Dennis Yu have been making up stories about each other. Mr. Schoemaker accuses Mr. Yu of being a confidence criminal."A couple days ago I posted my personal story with Dennis Yu. The post I wrote was the longest post ever written on ShoeMoney.com. Over 4,000 words. This guy is a very dangerous person and I wanted to tell the entire story in as much detail as possible even if some of it was really embarrassing to me. You CAN'T give con men any room to go anywhere and the only real way to stop them is to get the truth out."Mr. Yu had said earlier,… -
What is the Con Here?
17 Nov 2009 | 4:16 pmImage by Getty Images via DaylifeI will walk you through how these online scams work on Facebook and other social networks - the mechanics of how the money is made, some of the people involved, and who is actually clicking on ads. If you're reading this article, there is a good chance that you are not the type of person actually clicking on these spam ads, but are you curious as to who actually is?This is from Techcrunch, Dennis Yu confessing to using deceptive marketing tactics to make money from advanced phishing techniques.I found the article moderately interesting. Social… -
The Con and the Professor
8 Nov 2009 | 5:03 pm"In a new series of blog posts over the next few months, [Sam Antar] will document why Sarbanes-Oxley should be strengthened with added reforms to protect the integrity of our capital markets. For starters, please read the letter below that [Sam Antar] submitted to the SEC and PCAOB Roundtable on Internal Control Reporting Requirements in 2006.""SOX was a misbegotten, inadequately debated, debacle from the beginning. I saw this as evident from the beginning, and after three years of theory and evidence. Still later, Henry Butler and I wrote a monograph detailing the… -
MoneyGram Scam and Gate Keeper Liability
3 Nov 2009 | 9:42 amMoneyGram International, Inc., the second-largest money transfer service in the United States, will pay $18 million in consumer redress to settle FTC charges that the company allowed its money transfer system to be used by fraudulent telemarketers to bilk U.S. consumers out of tens of millions of dollars. MoneyGram also will be required to implement a comprehensive anti-fraud and agent-monitoring program. The FTC charged that between 2004 and 2008, MoneyGram agents helped fraudulent telemarketers and other con artists who tricked U.S. consumers into wiring more than $84 million within the…
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Franchise-chat Resource Articles
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A Passage to India
20 Nov 2009 | 3:06 pmSrijoy Das, a Partner with the law firm Archer and Angel (New Delhi), introduces India's potential and legal issues for expanding foriegn franchisors. -
The Hardest Job in Franchising
14 Nov 2009 | 11:41 pmCEO of iFranchise, Mark Siebert, explores one of experienced franchisors biggest regrets: Compromising quality for quantity during initial franchisee recruitment. -
Strategies to Compete in a Challenging Environment
6 Nov 2009 | 1:00 pmWhat are the big name franchises doing to stay in front in the current environment? Smart companies operating in competitive markets are working very hard to improve efficiency, test high-yielding new initiatives, and differentiate themselves from competitors. -
Let's Be Honest About Franchising
31 Oct 2009 | 7:00 pmIn this article, Jerry Wilkerson provides an outlook for franchising in 2010 and explores whether the industry can help lead the U.S. out of the recession. -
The New Italian Franchise Law
23 Oct 2009 | 1:54 pmPhilp F. Zeidman, Piper Rudnick LLP Senior Partner, profiles the new Italian law regulating the sale of franchises, and the conduct of franchisors and franchisees.
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Franchise News Wire by Franchising.com
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California Twilight Fans View Worldwide Phenomenon For Free As Jamba Juice Hosts 'New Moon Premiere Night' On Friday, November 20
20 Nov 2009 | 10:10 amAs a part of its fall 'Feel Good Campaign,' Jamba Juice announced today it will make Twilight fanatics feel over the moon with surprise free tickets for the Twilight saga "New Moon" on Friday, November 20. Starting today at 2PM and continuing through... -
Mr. Goodcents Subs And Pastas Awards Corporate Resource Group With 2009 Partner Of The Year Award
20 Nov 2009 | 9:35 amMr. Goodcents, one of America's fastest-growing subs and pasta quick serve franchise concepts for more than 20 years, recently presented one of their vendors, Corporate Resource Group, with its 2009 Vendor of the Year Award. -
Starwood Announces Early Tender Results Of Its Cash Tender Offer For Up To $300,000,000 Aggregate Principal Amount Of Certain Of Its Outstanding Notes
20 Nov 2009 | 8:10 amStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), today announced that, as of 5:00 p.m., New York City time, on November 19, 2009 (the "Early Tender Date"), $193,652,000 aggregate principal amount of its 7â...ž% Senior Notes due... -
Ben & Jerry's Hits The Halfpipe With Hannah Teter's Maple Blondie
20 Nov 2009 | 7:55 amThis winter, Ben & Jerry's takes to the mountain to honor fellow Vermont native and gold-medalist snowboarder, Hannah Teter with its newest flavor, Maple Blondie. The first flavor created for an athlete, Maple Blondie is a rich and creamy maple ice... -
Knowing Your Niche Could Mean The Answer To Success.... Free Webinar Teaches Business Owners The Fundamentals Of A Successful Business Plan
20 Nov 2009 | 7:45 amThe ActionCOACH California Team has announced its third free webinar in the "Six Steps to a Better Business" series aimed at helping small businesses plan for their success. And unlike some organizations who give you one webinar for free then encourage...
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Franchise Talk
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Exciting International Franchise Opportunities Now Available
19 Nov 2009 | 8:18 amBy Donald Mahony – FranchiseDirect Editor: Franchising has changed the American business scene forever, letting entrepreneurs work for themselves, but not by themselves. Franchises like McDonald’s and Burger King have led the way for the franchising movement, and now there are few business industries out there that aren’t franchised. In the last ten years, we have seen the expansion of franchising around the world. Foreign entrepreneurs have wanted to import America’s top brands and, increasingly, America’s top franchises are looking to international market as the American… -
Finding The Right Franchisee Takes A Proactive And Patient Approach
18 Nov 2009 | 5:00 amAllmediascotland: People talk about finding and recruiting the right people for their business, but in reality most sit back and wait for them to turn up on their doorstep. Businesses may advertise for staff, but that’s often the only proactive move they make and given these lacklustre efforts it is not surprising that so many end up hiring staff that are inappropriate for their operation. This seems both a strange and ineffective way to operate when it is generally accepted that staff are a firm’s most valuable asset and having the right people on the team sheet can make the difference… -
Outdoor Living Brands Launches New Franchise Business Educational Video Series On YouTube
18 Nov 2009 | 4:00 amEarthtimes: Outdoor Living Brands, the “everything outdoors” franchisor based in Richmond, Virginia, has launched a multi-level social media strategy to help educate, guide and inform people looking for new business opportunities and new business ideas in franchising. “We decided to post the video series now on YouTube, as the end of the year is typically a time when people start reevaluating their lives and career priorities,” said Larry Spada, Vice President of Branding and Marketing. “The timeframe between Thanksgiving and New Year’s is an important one for people who are… -
UK Based Sportswear ‘Admiral’ Participates In ‘Franchise India 2009′
18 Nov 2009 | 3:00 amNewDesignWorld: UK based ‘Admiral’ is all set to grace the international pavilion of Franchise India 2009, the 7th edition of the Asia’s Biggest Franchise & Retail Opportunity Show to be held on 26th & 27th November 2009 at Ashoka Hotel, New Delhi. Organized by the Asia’s largest integrated franchise and retail Solution Company, Franchise India, the show displays Indian and global brands and is an “Opportunity Show” for liasioning with brands to offer a pool of out-of-box business ideas and practices. Established in 1914 as a World War 1 military clothing factory,… -
Focus On You Franchise Launches First Franchises
17 Nov 2009 | 7:00 pmThe Franchise Magazine: Eyewear retail company Focus On You has launched its first two franchise operations. The company, which states its aim to revolutionise the way prescription eyewear is purchased, has welcomed Christine Etheridge (pictured, left), who has opened for business in Southampton, and Liz Cain (also pictured), who will operate in Dorset. Christine and Liz will challenge the traditional retail and hands-off online experience’s through Focus On You’s new approach: taking eyewear selection and purchase into people’s homes, leisure clubs and workplaces. Read…
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First Prize Franchise.com
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Factoring Offers Chance for Struggling Businesses to Breathe
2 Nov 2009 | 11:11 amIn these tough economic times, cash flow has taken a hit for even the most successful businesses. One client’s inability to pay on time has the potential to sink a number of businesses on down the line. But even if companies aren’t struggling, factoring can launch a powerful ability to grow the business, or help start-ups survive the outlay of cash until revenues start coming in. So what is factoring, anyway? It’s a process by which a company sells its accounts receivables to receive the cash instantly. This can be critical when dealing with large companies or government municipalities… -
D’lish
30 Oct 2009 | 11:28 amD’lish is a one-of-a-kind food establishment built to make the most of high traffic areas in malls and other venues. With its unique menu, including hand-made sodas and lemonades, funnel cakes, shaved ice, candies and popcorn, D’lish offers a great low-cost business venture that boasts a rapid return on investment. A low start-up cost and low overhead, plus the fact that products appeal to all age groups makes D’lish an attractive venture. But because its products require minimal prep work, no restaurant experience is needed. Background Year Established: 2009 Year First… -
Factoring Helps Businesses Manage Cash Flow
21 Oct 2009 | 2:38 pmIn these tough economic times, cash flow has taken a hit for even the most successful businesses. One client’s inability to pay on time has the potential to sink a number of businesses on down the line. But even if companies aren’t struggling, factoring can launch a powerful ability to grow the business, or help start-ups survive the outlay of cash until revenues start coming in. So what is factoring, anyway? It’s a process by which a company sells its accounts receivables to receive the cash instantly. This can be critical when dealing with large companies or government municipalities… -
Planet Smoothie
19 Oct 2009 | 7:48 amPlanet Smoothie’s ambition is greater than simply opening up franchises or being the biggest smoothie brand in the category, our quest is to change the way the Planet Eats! We have been a part of the category since 1995. No, we weren’t first. Others have been doing it longer, but the category has lacked real innovation from early pioneers and a real commitment to going beyond simply being healthier than ice creameries, fast food shakes or knock-off smoothies from nom-smoothie companies. We believe there should be a real commitment towards more natural sweeteners, reduced sugars,… -
Shane’s Rib Shack
19 Oct 2009 | 7:34 amBorn in rural McDonough, Georgia, Shane’s Rib Shack brings a true backyard atmosphere and darn-good BBQ to cities and town throughout the country. Every Shane’s Rib Shack is run the same way-as a family, for families or anyone else hungry for the taste of home-grown BBQ. With mouthwatering flavors and a menu of BBQ-themed choices, Shane’s Rib Shack is cooking-up a name for itself all across the country. Shane’s Rib Shack features all of the favorites: baby back ribs, pork sandwiches, BBQ chicken, chicken tenders, southern sides and desserts, plus a whole lot more. The…
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Franchise Blog
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The Last Word On Canadian Franchising
19 Nov 2009 | 6:57 amFollowing on from a breakdown on the financial benefits of the Canadian market yesterday, we have happened upon more evidence that states that more American franchises are looking to Canada. “A trend appears to be emerging among U.S.-based franchisors to target the Canadian market first for international expansion. A slow-to-recover U.S. economy, combined with Canada’s relative strength during the recession, seems to be luring franchise operators to Canada,” writes Derek Sankey in the Financial Post. The article restates many of the same points we have been making for a long time. -
Facts from the Canadian Franchise Market
18 Nov 2009 | 5:57 amBack in late May, Franchise Direct launched its sixth international franchise portal, Franchise Direct Canada. A few months in and we’re delighted to be playing a role in matching Canadian entrepreneurs with top business opportunities. There is no questioning the value of the Canadian franchise market. As we found through many interviews with the franchises represented on the Top 100 Global Franchise list, Canada is often the first destination for franchises considering international expansion. The cultural and business similarities make it quite easy to seamlessly transfer a thriving… -
McDonald’s Sound Bullish on the Future
17 Nov 2009 | 6:05 am“As McDonald’s goes, so to does franchising.” This might be an extreme overstatement, but nonetheless, the Golden Arches has had such a defining role in the evolution of franchising that many entrepreneurs and analysts will use it as a bellwether for how the industry is faring as a whole. Those insiders will be have taken positive news from the McDonald’s recent gathering for analysts and journalists at its corporate headquarters in Illinois last week. According to the Wall Street Journal, the attitude of the McDonald’s corporate executive was typically bullish, with the company… -
The Big Leap
16 Nov 2009 | 5:57 amHow does a local hamburger restaurant become the most popular restaurant on earth? Franchising, of course. But there is one subtle, yet critically important step in the process of franchising that can decide whether a franchise explodes into the popular consciousness or is simply left behind: the drafting of your franchise agreement and FDD’s. To some, these papers might seem like a legal burden. But in reality, the more engaging these documents are, the more likely it is that your franchise will prosper. That’s certainly the feeling of franchise lawyer and blogger Charles N. Internicola,… -
A New Interview With Matthew Shay
12 Nov 2009 | 6:04 amIt’s been a good month or two for Matt Shay. Many IFA presidents have influenced the national debate on small business, but Mr Shay came through in a big way for small business owners and those in the franchise industry last month when President Obama announced the details of his small business recovery plan. The hard work of Mr Shay and others at the IFA was rewarded that day. But how did Matt ascend to the position he is in? The cover story of the newest issue of Franchise Times explains how, as well as providing some of Mr Shay’s insight on how the IFA is changing. The story features…
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franchisEssentials
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Life is Like a Cup of Coffee Revisited
19 Nov 2009 | 9:20 amThe following was originally posted on this site several months ago. Since then, I have discussed the same with many individuals claiming that it has helped them cope with difficult times. Here’s hoping that posting it once again may help some others that need some inspiration and hope that tomorrow will be better than yesterday. Life [...] -
Employer Social Networking Policies: Part II
17 Nov 2009 | 12:00 pmThe following was written by franchisEssentials Guest Author, Megan Erickson of the Dickinson Law Firm as follow up to Employer Social Networking Policies that we reposted on this site last week. As you may know, Megan is the author behind the recently launched Social Networking Law Blog. In response to last week’s post, one of our [...] -
Franchise Facts for Canada
13 Nov 2009 | 9:02 pmAs I continue to work with franchise organizations north of the border, I’m excited by the facts about franchising in Canada. -The Franchise industry in Canada represents over $100 billion in sales annually -Franchised businesses account for 40% of all retail sales -There are over 78,000 franchises across Canada -Canadian Franchise Association membership grows at a rate of 10% [...] -
Franchise Success: The New Formula
11 Nov 2009 | 7:32 amRecently, as I was preparing for the Frantelligence Webinar series with Franchise Business Review, Lizette Pirtle, the author of various blogs including Small Biz Franchise and International Expansion Experts, contacted me to discuss franchise client support, and being able to provide information to her franchise clients. I could immediately tell that she had a definitive [...] -
Local Business Listing, Search Engine Rankings and Mobile Devices
10 Nov 2009 | 8:20 pmThe following article has been submitted by Guest Author, Melih (“may-lee”) Oztalay. Melih is CEO of SmartFinds Internet Marketing, an internet marketing company known for developing very creative marketing strategies. Before starting SmartFinds, Melih ran one of the Detroit Metropolitan area’s premiere Internet Service Providers (ISP), SpeedLink, from the early 1990’s where he served for [...]
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Franchise Note
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How to Increase Cash Flow of Your Franchise Unit: Learn from My Mistakes
19 Nov 2009 | 7:41 amCash flow is the life energy of every business, including franchise. Lack of it will drain the life out of your franchise unit – and this is just the beginning. Franchise unit operation cash flowIn the midst of economic turmoil today, we heard this advice all the time: In order for your business to survive, you should increase sales, cut expenses. With all due respect – I don’t think the above is entirely applicable for the rest of us. Increasing sales and cutting expense in today’s difficult economy is very challenging, if not very difficult for the rest of us. I do… -
7 Ways to Grow Your Franchise using the Internet
16 Nov 2009 | 8:47 amThe Internet has propelled franchises to conquer new market and recruit more franchisees. How to wisely use the Internet to benefit your franchise business? Franchising updates on Twitter Inspired by Mark Siebert’s article, here are 10 ways to grow your franchise using the Internet as a medium, tool and strategy to ace the competition: Use the Internet to lower your budget in franchise marketingThe Internet allows franchises to grow and expand on a shoestring budget. For less than $500, you can get a decent website that can easily look and function better than Subway’s website… -
Refranchising: A Win-Win Deal?
12 Nov 2009 | 8:39 pmRefranchising has always been a hot trend of the decade in franchising. The all-important question: Is refranchising beneficial franchisors, franchisees, or both? RefranchisingRefranchising is basically about selling the franchisors’ own units to franchisees. So, yes, franchisees are buying established franchise business with well-run operation and positive cash flow. To me, refranchising is a blessing – I am tired of starting up, and with franchising I expect more than just a start up business. For you who share my vision, you might be interested in refranchising, as well. Why do… -
Froyo Franchises – Is Frozen Yogurt a Fad?
10 Nov 2009 | 6:37 amFrozen yogurt – or popularly dubbed as froyo – are gaining in popularity today. One issue: Is froyo franchise just a fad or a legitimate franchise opportunity? frozen yogurtI never ate frozen yogurt in the past decade as much as I did in the past 3 months. To be honest with you, froyo – a popular term abbreviation of frozen yogurt – is kind of addictive to me. However, I can’t help the feeling that froyo won’t last long as a popular, healthy version of ice cream. And today is not the first time that froyo-craze hit people worldwide. According to Forbes, the… -
Non-profit Franchise: Social Franchises are Emerging Worldwide
8 Nov 2009 | 7:14 amIt seems that there is nothing in this world involving money that cannot be franchised – this includes non-profit sector, and it is emerging and attracting social entrepreneurs and investors. Social franchisingAbout five or six years ago, I thought that not all businesses can be franchised. But today, every organisation involving with people and money CAN be franchised – and succeed. EBay drop-off franchises, science franchises, and some other innovative ideas are popping on daily basis, worldwide. But those share a common characteristic: All of them are for-profit organisation.
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brandEXPANSION Hot Press
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Dlish Offers Tasty Franchise Opportunity
2 Nov 2009 | 11:05 amD’lish is a tasty treat, and not just for the tastebuds. This hot new franchise opportunity is serving up a delectable business venture for someone who wants to seize an opportunity without taking the major risks and cost involved in launching a food franchise. D’lish opened its first store last week, in the Fashion Place mall, in Murray, Utah. It is the first of nine stores expected to open in the next eight months. With locations already secured, however, these nine are just the beginning. But there are more than 47,000 malls in the United States. While a mall kiosk delivers the kind of… -
Auto Franchises Make Sense for Former Car Dealers
23 Oct 2009 | 8:08 amThe shaking in the U.S. auto industry may have caused earthquakes from the manufacturers down to the suppliers. But there’s one aspect of autos that is actually thriving these days – auto franchises. Consider the reasons why: * The downward economy has put the brakes on new car sales (except during a stunt like Cash for Clunkers, which saw a brief upswing). According to the Wall Street Journal, car sales are down every month in 2009 compared to 2008, except for during the Cash for Clunkers period. In all, car sales are down more than 25 percent in 2009 – and 2008 wasn’t that great of… -
Struggling Businesses Get Relief With Factoring
21 Oct 2009 | 2:43 pmIn these tough economic times, cash flow has taken a hit for even the most successful businesses. One client’s inability to pay on time has the potential to sink a number of businesses on down the line. But even if companies aren’t struggling, factoring can launch a powerful ability to grow the business, or help start-ups survive the outlay of cash until revenues start coming in. So what is factoring, anyway? It’s a process by which a company sells its accounts receivables to receive the cash instantly. This can be critical when dealing with large companies or government municipalities… -
5 Reasons Franchises Are Better than Stand-Alone Businesses
19 Oct 2009 | 11:44 amWhen planning new ventures, you need to decide whether this new business should be a franchise or not. Well, major entrepreneurs have analysed the franchise opportunity and have recognised the following excellent characteristics of any franchise opportunity: 1.Firstly, with a franchise, a lot of the headaches have been worked out for you. This includes the menu, kitchen, equipment, the approach, employee attire, design and layout as well as how the franchise business is run. All you have to do is run the franchise and make sure things run smoothly in order for it to succeed. According to the… -
Franchising Explained: Business Methods Lead to Greater Success
28 Sep 2009 | 7:43 amThe franchising industry has gotten a lot of notice of late from people who are using the tough economic times to re-evaluate their futures. Perhaps you were laid off from a company where you’d worked for decades. Loyalty to employees is no longer a strong suit in corporate America. Perhaps you were determined to take your career into your own hands and not be at the whim of corporate dictates. It’s no wonder franchising is getting a second look by many during these tough times. It offers a more stable business model and a greater chance for success. But lets step back to the very…
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Comfort Keepers Franchise Development
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This week in TIME Magazine: Highlighting the Importance of Caring for Seniors Now
20 Nov 2009 | 8:00 amThe most recent issue of TIME magazine caught our eye today, because of an article on China and U.S. relations, to accompany President Obama’s visits this week to the largest and most influential Asian nation. In the article “Five Things the U.S. Can Learn from China,” writer Bill Powell listed “Look After the Elderly” (pg. 3 online) as the third lesson to learn – which so many of us at Comfort Keepers know firsthand is vitally important to the future of our country. Powell gave his own personal perspective on the difference between each country’s treatment of seniors, saying:… -
Understanding the Needs of Aging Baby Boomers
13 Nov 2009 | 12:49 pmAmerica’s Most Independently Minded Generation Enters Senior Living Stages Independence has always been important to baby boomers in every stage of life – from the hippies of Woodstock to eco-friendly businesspeople to “can’t stop me” grandparents – the evolution continues, but the moral of the story stays the same. Independent thinking and action is crucial for a fulfilling life for boomers. But the health limitations that come with advancing age threaten to stop these freewheeling folks – and they are worried about it. This generation of people value various types and… -
Choosing a Franchise Business Opportunity
13 Nov 2009 | 12:14 pmMore and more people are looking to the franchise business model as their next career step. Many different franchise business opportunities exist, so how do you choose which type of franchise would be the best opportunity for you? Answer some of the following questions to help determine the best franchise type to pursue. 1. What hours do you want to do business? 2. Do you want to sell a product or would you like to provide a service? 3. Do you like working with people? 4. What businesses are you already interested in? Comfort Keepers offers a variety of resources for people who are thinking… -
Becoming a Successful Franchisee: Making the Most of your Parent Company’s Resources
21 Oct 2009 | 12:44 pmIf you are a new franchisee or are considering a franchise venture, you should plan to take advantage of the resources that your parent company offers. Many people don’t know where to start when they begin a franchise venture, but if your parent company is a good one then your success should be their priority. First, take advantage of your parent company’s training programs. Comfort Keepersoffers all franchisees a comprehensive training course so that they can become familiar with the business philosophy and most effective business practices. Find out what your potential franchisor has in… -
9 Ways to Make the Most of your Business Day
14 Oct 2009 | 6:50 amDo you sometimes find that you’ve spent hours of your business day working hard yet seemingly accomplishing nothing? It may be that you need to restructure how you spend your work day hours. Here are some tips for getting the most out of your time. E-mail on a schedule. Resist the temptation to check your e-mail incessantly. Instead, plan to check 3 or 4 times a day. Set aside a small chunk of time when you check to respond to urgent e-mails. Take a break every hour. If you stare at your screen too long, you’ll start to get drowsy and work slower. Plan to get up and walk around the office…
