GlobalBX Entrepreneur Business Articles - December 2011Congress Urged to Provide More Funds to Create JobsFranchising grew significantly in the past decade and the Small Business Administration has lent small businesses more than $30 billion this year. Of this amount, $25 billion went to SBA’s popular 7(a) and 504 programs. Now that Congress is working on the appropriations, it should prioritize funding to help small businesses create jobs. The following […] Disabled Athelete Starts Sport Clips FranchisesJ.J. O’connor first experienced the franchising business at age 15 when he witnessed the life style of his friend’s father, who owned a convenience store franchise. He liked what he saw. A year later, he had a hockey accident and ended up as a quadriplegic. This disability did not prevent the former hockey player from […] More UPS Store Franchises in Military BasesTheStreet.com featured businesses in military bases including the UPS Store. Chris Adkins, vice president of franchise development for The UPS Store, says the company averages opening 5 to 6 stores a year and by the end of the year, it will add 3 more to its existing 34 stores in military bases. The UPS Store […] Tips on Preventing Franchise DisputesIf businesses don’t work out as expected, stakeholders have the tendency to look for someone to blame – this scenario is common when it comes to franchising. Catching and addressing the dispute early on will prevent a full-blown litigation. Andrew Caffey provides tips on how to prevent franchisor-franchisee disputes in the following AllBusiness.com article. One of the most […] Which Pro Athletes are Franchise Owners?The International Franchise Association and Professional Athlete Franchise Initiative entered a deal to provide former athletes training so they can own their own businesses or franchises, reports the The Orange County Register. IFA President and CEO Steve Caldeira says “Professional athletes are strong leaders in the ultra-competitive sports arena, so they inherently understand the importance […] Content … Big, Beautiful, Ready to Sail“I figure life’s a gift and I don’t intend on wasting it. You don’t know what hand you’re gonna get dealt next. You learn to take life as it comes at you… to make each day count.” – Jack, Titanic, 20th Century-Fox (1997) Last year, more than four billion devices connected to the Internet shoved […] New SBA Financing Programs … More Money for Small BusinessBrett Palmer, president of the Small Business Investor Alliance, credits SBA’s Sean Greene for shortening wait times for SBIC licenses to less than 6 months and as a consequence, the annual rate of new licensees has more than doubled over recent years. The SBA grants licenses so private entities can provide money to small businesses. […] Continuous Research Makes TCBY RelevantTim Casey, TCBY’s CEO, discussed with QSRWeb.com how his frozen yogurt business keeps apace with customer expectations. He counts its healthy product and their continuous research for new products and flavors, consumer feedback through social media, rebranding and self-service among the changes that clicked with consumers. In 2012, the company will open more stores to […] UPS Store Waives Franchise Fees For 10 VeteransUPS Store, in a move to support IFA’s “Operation Enduring Opportunity”, announced in BizJournals.com, that it will waive franchise fees for ten first-time veteran franchisees. This amounts to $300,000 in financial incentives. Prospective franchisees should sign a Letter of Intent between January and June 2012, said Tim Davis, a former U.S. Marine and now UPS […] FRANdex Surpasses S&P and Russell IndexesFRANdata, an independent research firm that tracks and analyzes franchises, launched FRANdex. In its report that appeared in PR News Wire, the FRANdex market capitalization index performed better than the S&P500 and the Russell 2000 indexes. Darrell Johnson, President and CEO of FRANdata, believes that the small businesses and franchises are often reliable indicators of […] Legal Battle Not Stalling Pizza Hut’s ExpansionPizza Hut filed a lawsuit against Lundy Enterprises, a corporation of Larry Lundy who owned 44 Pizza Hut restaurants, for royalty payment default. Lundy counterclaimed that “Pizza Hut imposed unfair credit terms, refused his restaurants the chance to offer new products available in other markets and, over time, opened independent stores that became his competition”, according […] Domino’s Pizza to Open More Stores AbroadJ. Patrick Doyle, the CEO of Domino’s Pizza, has successfully turned the company around from the social media crisis it experienced when he took the helm 18 months ago. He accomplished this by putting out his own video addressing the issue and offering transparency to the public by receiving feedback via Twitter and Facebook. Domino’s […] Cut Taxes and Create Jobs says McDonald’s CEOJim Skinner, CEO of McDonald’s says the government must cut taxes and decrease public spending in order for the company to turn around. His assessment of the current economy will likely be played up by the opponents of President Obama over the deteriorating economy and high unemployment. McDonald’s is one of the companies still hiring […] Collateral is a Big Factor in Getting a Business LoanMost small business lenders now require borrowers to put up hard assets to be granted loans, and the most common collateral used is real estate or one’s home. Take the case of Craig Holman who put up his share of the family farm as collateral to get an $85,000 loan to buy into an AdvantaClean […] IFA Gives Veterans Chance to Own FranchisesA new campaign of the IFA, “Operation Enduring Opportunity”, is the franchise industry’s response for President Obama’s call to the private sector to offer returning soldiers business opportunities. This initiative will be implemented through the IFA’s VetFran program which has helped thousands of veterans become franchisees. For its part, Anago Cleaning Systems of Pompano Beach, […] Questions to Ask if You’re Fit to be an EntrepreneurNot everyone is fit to be an entrepreneur. It takes a certain mix of character to be a success in business. You must have some know-how and skills in the business you are getting into. You must be willing and comfortable in taking educated risks. You should have people skills. Entrepreneur.com came up with a […] Subway Sandwich Chain Now in 100 CountriesSubway’s chief development officer Don Fertman recounted to Daniel Smith of QSR Magazine his stint in Subway from 1981 when the store had only 166 branches. He credits franchisees’ non-traditional location choices for the global expansion of the sandwich chain. Subway president and cofounder Fred DeLuca, during their annual convention in San Francisco, traced the […] Small Business Lending: Government Urged to Extend SBA Federal InitiativeSteven Grossman, Treasurer and Receiver General of the Commonwealth of Massachusetts, and Robert Baker, President of the Smaller Business Association of New England (SBANE), in a Huffington Post article, urge the government to extend the highly successful federal initiative to December 31, 2012. They claim that the effect of the previous funding was dramatic. SBA […] Molly Maid Franchisee SuccessHarry Young blames his corporate background for getting into franchising. He told Entrepreneur.com that his skill is in “growing organizations and hiring the right people” and setting up systems. It is these strategies that Young and his wife, Emelie, credit for the success of the Molly Maid franchise. Molly Maid is reaching $4 million in […] SBA Loan Failures … Atlanta Bread Company is ReboundingAtlanta Bread Co., once one of the fastest-growing franchises in America, has some of its stores closed, AJC.com reports. It is bogged down by problems ranging from location of its stores to legal issues. Jerry Couvaras, Atlanta Bread’s President, agreed that “Atlanta Bread made mistakes”. The company may have grown too fast, causing it to […] |
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