GlobalBX Entrepreneur Business Articles - December 2011

Tasti D-Lite and Planet Smoothie: A Winning Combination

QSRWeb.com reports the acquisition of Planet Smoothie by Tasti D-Lite.  Tasti D-Lite is a frozen dessert chain for health-conscious consumers.  In the coming months, Tasti D-Lite products will be available in some Planet Smoothie stores and vice versa. Jim Amos, CEO of Tasti D-Lite said they plan to offer new franchisees the option to own and operate [...]

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BrightStar Care is the Fastest Growing Home Health Care Franchise

BrightStar Care, an in-home care business, caters to the all ages – from children to elderly.  It was founded in 2002 and now boasts of 250 locations nationwide and $100 million net worth. It is one of the top 500 franchises in the U.S. according to Entrepreneur Magazine.  Shelly Sun, CEO, cites the growing preference [...]

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Holidays + Shows + The Internet + Publicists = Lethal Mixture

For a whole bunch of publicists, the holidays – Chanukah, Christmas, Kwanzaa, you name it – are the starting gun to perform, deliver for bosses and clients at what is arguably the largest trade show in the world … CES (Consumer Electronics Show). Here are the players: The Client/Boss More than 3,000 companies preen themselves, [...]

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Moving Forward By Looking Over Our Shoulder

Better Year – To know where you’re going you have to know where you’ve been, what you’ve been through. Based largely on what we’ve been through, people are cautiously more optimistic about the coming year. Image – Universal Pictures Imagine- A global population of seven billion people … and growing. More than six billion mobile [...]

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What to Do Before Starting a Small Business

Jeff Haden lists down the legal requirements or basic infrastructure an entrepreneur must accomplish before starting a small business.  He says there are people at the courthouse or local treasurer’s office willing to assist you.  It will only take two days tops in most areas to finish the list.  Below is the list published at [...]

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Commercial Loan Refinancing Available Says SBA

Many business owners who need to refinance their commercial loans for working capital are unaware that there is an SBA program that provides funds for this purpose.  The 504 Loan Refinancing Program—implemented under the Small Business Jobs Act of 2010— also allows small businesses to use excess equity to obtain working capital that can be [...]

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Smashburger Soon to be a Smash Hit in Canada

Smashburger told QSR it is bringing its burgers, chicken sandwiches and fresh salads to Canada.  This follows its first international expansion in the Middle East.  “Canada is a very attractive market to us and we believe we are bringing a premium dining experience at a competitive price point to local residents” says Dave Prokupek, chairman [...]

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Subway Offers $2 Deal to Customers

For the month of December, Subway is offering its six-inch meatball and cold-cut subs for $2, USA Today reports.  Tony Pace, marketing chief at Subway’s franchisee advertising fund, says “We’re just showing folks a little love when everyone is fretting about the economic future.”  With the success of the recent Black Friday, Subway hopes to [...]

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Tips on How to Create a Succession Plan for a Franchise Business

Some families that own franchise businesses want to pass on their businessses to their children.  Children, when on school vacation, usually help in the business and immerse themselves in the business.  They may discover that they like what they are doing and may take it upon themselves to succeed their parents in running the business. William Slater Vincent, [...]

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International Franchising Opportunities – Advice To Franchisors

Mike Shattuck, president of international brands with Focus Brands, offers some advice to franchisors wanting to expand outside of the U.S.  He said one has to adapt to the cultural idiosyncrasies of the target countries yet still maintain “the core essence and being of every (franchise) brand”.  A franchisor also should be fully committed.  Read [...]

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Former FedEx Executive is Krispy Kreme’s New President and COO

Former FedEx officer and of ES3 LLC, Kenneth A. May, is the new president and chief operating officer of Krispy Kreme.  Jim Morgan, the company’s chief executive said in a statement published in the Winston-Salem Journal, “It was critical that we seek out someone with a unique combination of big-brand experience, retail customer engagement, proficiency [...]

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Subway Franchisor Not Liable for Uninsured Franchisee Employee’s Claims

The Kentucky Supreme Court overturned an appellate court’s ruling providing disability benefits to an employee of an uninsured franchisee.  The court also said the state law doesn’t apply because the franchisee “did not perform a regular or recurrent part of (Doctor’s Associates’) business.”  Subway’s franchising agreement required franchisees to maintain coverage for workers compensation claims [...]

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What is the Best Business to Start Now?

Are you looking to start a business today? Bob Voss at AllBusiness.com advises that you study the current social trends.  What target markets are rapidly and steadily growing?  You should also have a competitive edge over other similar businesses.  Previous experience and know-how in that industry are also advantages if you don’t want shaky surprises. [...]

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Marriott Lodging Management, Franchising & Timeshare Business

Chairman and chief executive officer of Marriott International, J.W. Marriott, Jr., announced the spin-off of its vacation ownership business, the Marriott Vacations Worldwide, as reported at PRNewswire.com.  He is optimistic about the continuous global growth of Marriott International in the hospitality industry.  Marriott International had been serving guests in more than 70 countries through its [...]

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President Obama’s Commitment to Hire Veterans

Franchise.org reports that the current rate of veteran unemployment is at 12% and will drop with the signing of the Vow to Hire Heroes Act of 2011 by President Obama on November 21 at the White House.  The new law encourages businesses to hire veterans by granting tax credits to these employers.  The IFA thanked the [...]

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How to Protect your Franchise Brand

Your franchise brand can be its most single valuable asset.  It takes years to build a reputation and a name that is identified with your business.  AllBusiness.com has provided some tips on protecting your franchise brand. What does all this mean for your franchise brand? A strong business brand is particularly important in a franchised network [...]

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Restaurant Chains Offer Incentives for Franchisees

Restaurant chains like Popeye, KFC, Firehouse Subs and Rally’s Burger have stepped up incentive programs to lure franchisees to take the risk and open their own businesses, as reported in the Los Angeles Times.  Popeyes offers to waive its $30,000 franchise fee for new owners and lowered royalty fees from 5% of revenue to 2% for the [...]

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Various Groups Ask Congress for More SBA Funding

Several groups that include the banking sector and business organizations have written to Congress to ask for more funding for the Small Business Administration, reports Portfolio.com.  But it seems Congress will retain the current figure of $1.4 billion compared to $2.6 billion during the same period a year earlier.  The former are hoping that the lawmakers [...]

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Franchise Businesses Do Well Despite Poor Economy

During this period of economic downturn, people who lost their jobs or are uncertain about holding onto their jobs usually cannot find new employment. Alisa Harrison of the International Franchise Association said, “They tap home equity, severance packages and sometimes retirement plans to start a new business that they can own so they can have [...]

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Franchisee and Pizza Hut Legal Battle Continues

Larry Lundy whose franchise was ranked among the 100 largest minority owned businesses in the United States in the 90s is facing storm after storm in his business.  In 1999, he was diagnosed with leukemia and while undergoing treatment, his franchise stores was mismanaged by the staff.  As he got better in 2004, things started [...]

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