A great franchise concept represented by empowered development people to quality prospects who like the real-life opportunity, and train well to execute it, will result in a fantastic success story.
The many benefits of the franchise system have been well documented, as each year it gives thousands of talented entrepreneurs the support they need to successfully run their own business. One aspect of franchising that tends to fly under the radar is the reliability of service customers receive that comes through many years of consistent ownership at a given business location.
IFA presented the 2016 Bonny LeVine Award to Great Clips CEO Rhoda Olsen during the 2017 IFA Convention in Las Vegas. Olsen is a strong advocate for diversity in franchising and works to increase opportunities for women in leadership positions.
A royalty transaction is a new liquidity option available to owners of high quality franchisors. It provides the liquidity of an outright sale while allowing franchisor owners to retain 100 percent ownership.
As a family-owned franchisor evolves over time, the company is often in a unique position as it shifts from a family-focused organization to a corporately structured brand.
The first half of 2017 saw the number of states passing proactive joint employer bills double to 18.
Smart systems are revolutionizing how franchisors empower their franchisees. In the franchise world, A.I. offers incredible advantages. Franchising success often comes down to the relationship between franchisors and franchisees, and how the former can empower the latter.
The culture and contribution you make to your customers, your community, and other stakeholders thrive with trust. Indeed, trust is the very currency of great franchisor/franchisee relationships, and nothing is as fast as the speed of trust.
IFA’s Diversity Institute would like to introduce you to Fern Carty Dawkins, a multi-unit Smoothie King franchisee. She discusses her transition to franchising, mentorship and work-life balance in this exclusive Franchising World Q&A.
A NextGen in Franchising Global Competition social franchise winner offers advice to international concepts looking toward expansion into the United States.