Business News Articles For Entrepreneurs & Small Business OwnersVeterans are Good Hires for Your BusinessEx-military men and women have been trained to be leaders. In school, they were trained to be analytical thinkers, decision makers, team workers, and responsibility takers – the qualities that business leaders need. CBS Money Watch encourages business owners to honor the service of veterans by hiring them citing all of their outstanding qualities. While basic training […] Small US Franchises Target Other RegionsRegions outside of the United States are now targets for expansion for smaller franchisors. These regions have been unscathed by the economic downturn, and they have appetites for American products and services. In a Wall Street Journal article, Angus Loten writes that small businesses are “turning to markets in the developing world where credit continues […] Mosquito Squad Adds More FranchisesMosquito Squad, cited by INC as one of the fastest growing franchise concepts in 2011, is expanding to more states with the signing of new franchise agreements since September. This was announced by Chris Grandpre, Chairman and CEO of Outdoor Living Brands, the franchisor of Mosquito Squad, in PR Newswire. Mosquito Squad let Americans enjoy […] Chipotle’s Steve Ells Opens Asian Concept RestaurantAccording to an article in USA Today, ShopHouse Southeast Asian Kitchen may do to Asian cuisine what Chipotle did for Mexican food. ShopHouse opened in the nation’s capital amidst high expectations and media hype. As at Chipotle, ShopHouse boasts the use of natural ingredients and meat that has no antibiotics or added hormones. “ShopHouse has an […] Small Businesses Seek Alternative LendersSmall businesses are having a difficult time borrowing money for expansion from big banks, says the Los Angeles Times. Big banks are reluctant to lend to small businesses and are more comfortable lending to large corporations. In October, small banks and other lending institutions approved 46.3% of loan applications compared to 9.3% from big banks. Despite ads […] New Law Gives Tax Credit to Businesses Hiring VeteransGreat news for businesses and veterans! President Obama signed into law a bill passed by Congress last month granting tax credits to businesses if they hire veterans. This incentive ranges from $2,400 to as high as $9,600. This law augments the earlier efforts of the President and First Lady who got pledges from businesses, the […] Senate Passes Bill to Help Veterans Find JobsThe Daily Times editorial praises senators for finally crossing party lines to approve a bill that will grant tax incentives to businesses that will hire veterans. To recall, Republicans had been blocking President Obama’s American Jobs Act because of politics. For its part, the IFA has promised to hire 80,000 veterans and military spouses by […] 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 […] 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 […] 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 […] 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 […] 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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