Successful franchisors constantly learn and innovate. It’s not enough to have a unique or first-to-market idea. You must constantly evolve and update your franchise to maintain steady growth. And if you set out to sell multi-units, demonstrating to the marketplace that you truly care about the community in which you operate will be critical.
H.R. 1101, the Small Business Health Fairness Act, would allow small-business employers, including franchise owners, to offer health insurance benefits through membership in a legitimate trade association, including a franchise system.
When this Louisiana franchisee’s restaurant is destroyed by a massive flood, he embarks on a five-month journey to save his business.
Franchise brokers have become a large contributor to the franchise sales process. Here are five tips to help increase your franchise sales using brokers.
The multi-unit franchisee is an idea that has increased in popularity and frequency in franchising, and looks to be a trend that will continue moving forward. As the industry prepares for expansion, franchisors need to capitalize on all avenues to grow their franchise.
Building a strong culture is not only crucial to company success, it helps you through good times and bad, stabilizes employment and boosts customer satisfaction… not to mention making the enterprise a great place to work.
Don Avena is making his franchise accessible to kids with autism, and hopes his efforts are already making a difference beyond his haircut salon.
Fix joint employer, avoid restrictions on franchise agreements and non-competes, apply new wages fairly, revise the tax code, establish a market-based health care system, increase access to credit and hire more veterans. Those seven initiatives will lead to additional business growth for the 733,000 existing franchise establishments and the creation of many more new locations that directly support more than 7.6 million jobs in the U.S. For those of us in franchising, sounds simple enough, right?
Nine states have enacted joint employer bills and 10 states are examining the issue in 2017.
Understanding the changing dynamics facing capital providers is more important now as growing uncertainties and risks combine to put pressure on continued franchise capital access.