Following a successful trip to South Florida, the Open for Opportunity roadshow headed to metro Atlanta, the franchising capital of the U.S., where more brands are headquartered than any other U.S. city. With three full days of meetings with lawmakers, the business community, IFA members, and numerous tours with local franchise owners, the impact of the franchising sector and the opportunities it provides for diverse individuals, communities, and the broader economy were on full display
The International Franchise Association (IFA) and FRANdata today released an inaugural annual study on the impact of labor shortages on franchised businesses. Surveying over 200 franchise executives representing 197 brands and approximately 90,000 units, the results show that availability of qualified labor is the number one challenge facing small businesses. The survey also presents the ways franchisors are helping their franchisees address the shortage, highlighting how the franchise business model is uniquely equipped to adapt to today’s challenges.
A 2022 Study on the Impact of Labor Shortages in Franchising The International Franchise Association (IFA) and FRANdata today released an inaugural annual study on the impact of labor shortages on franchised businesses. Surveying over 200 franchise executives representing 197 brands and approximately 90,000 units, the results show that quality of labor is the number one challenge facing small businesses. The survey also presents the ways franchisors are helping their franchisees address the shortage, highlighting how the franchise business model is uniquely equipped to adapt to today’s challenges.
The International Franchise Association (IFA) today applauded the U.S. Senate for defeating the nomination of David Weil to serve as Administrator of the Department of Labor’s Wage and Hour Division. U.S. Sens. Kyrsten Sinema (D-AZ), Mark Kelly (D-AZ), Joe Manchin (D-WV), and all 50 Senate Republicans voted against the nomination.
The International Franchise Association’s (IFA) Open for Opportunity Roadshow stop in Metro Atlanta wrapped up this afternoon at Georgia State University, where local franchise and business leaders spoke to 75 students about the opportunities the franchise business model provides to aspiring small business owners. B-roll video of the roadshow is available for download and use on-air and online here (attributable to IFA).
The International Franchise Association (IFA) today released the following statement urging a “no vote” in the U.S. Senate on the nomination of David Weil to serve as Administrator of the Department of Labor’s Wage and Hour Division.
The International Franchise Association (IFA) announces its support for the Employee Rights Act of 2022, which was introduced today in the U.S. Senate by U.S. Sen. Tim Scott (R-SC). The legislation serves to protect and provide stability to American workers and encourage small business ownership, including franchises.
One of the biggest draws to franchising is the proven business model. Starting a new business from scratch independently requires entrepreneurs to take on every step, where franchising means you have the guidance, experience and systems a franchisor can offer. Entrepreneurs can imagine their business and growth possibilities beyond one single business with this model.
2021 was an economic bounce back year for franchises despite the negative impacts of the COVID-19 pandemic on businesses in 2020, setting the stage for some very positive franchise industry outlooks in 2022 (link to previous blog). In this post, we’re going to review what factors made 2021 a turnaround year for franchises and look at some of the data highlighted in The International Franchise Association (IFA)’s recently released 2022 Franchising Economic Outlook.