Franchisors should pay close attention to their franchisees’ maturation. Data shows more than half currently have average tenures of about seven years and may be facing mid-life crises. In lifecycle terms, business years are like animal years, where one year is equivalent to several human years.
New rules create a multitude of workplace and compliance challenges. The U.S. Labor Department, together with the White House, announced long-awaited and much anticipated final changes to the Fair Labor Standards Act’s overtime rules
Millennials are your future franchisees and they want to invest in brands that give back.
Fulfill your role as a leader: take responsibility, always show up, and seek wise counsel to speed up the growth of your business.
In the world of websites and SEO, the franchise brand’s website is important, but you also need a plan to build that online presence for each location.
The art of selling franchises is nothing new, but it is ever-changing. Things simply are no longer done the “old way” and in order to continually see success, you will need to adapt.
A thoughtful approach to new market development is critical to the expansion plans for any franchisor.
Of the 277,950-plus employees the franchise industry hired last year, roughly 27,795 were labeled as bad hires. That’s one out of every 10 employees.
Once you’ve made a decision to start a FAC, there are a number of factors to consider, including whether to start an association or FAC, how many members should be involved, how long the terms should be for members, and what powers members will have