Business News Articles For Entrepreneurs & Small Business OwnersArby’s Names New BoardThe President of Arby’s Restaurant Group, Inc., Hala Moddelmog, introduced the new Board of Directors of the ARG Holding Corporation in its Atlanta conference as reported in QSR Magazine. The new Board is led by Jon Luther, formerly of Dunkin Brands, and Sidney Feltenstein, former CEO of Yorkshire Global Restaurants. Moddelmog said that because of […] Small Business Optimism Up Since JuneThe National Federation of Independent Business reports that the October level of small-business optimism index is the highest since June. “Owner optimism improved a smidge, mostly because the outlook for business conditions and real sales growth became less negative,” said the NFIB report. However, the new-jobs subindex weakened in the same month as there was […] Lack of Qualified Workers for Small BusinessesThe Wall Street Journal reports that small businesses are complaining about the lack of qualified workers. In spite of the very high number of unemployed workers, many companies find the former lacking in skills or with obsolete talent for available jobs. Blame is placed on the U.S. educational system for its failure to provide the […] A Pet Lover’s Formula For Success: Doing What You LoveDoing something you love and at the same time earning from it is the best place to be. Peggy Kennedy is such a lucky person who left her corporate job to do what makes her happy – caring for pets. “Obviously these are people who love pets. Often they come from a job in middle […] Alternative Financing For Small BusinessesObtaining loans from traditional lending institutions such as banks is more difficult these days. With the recent recession, a number of banks have gone out of business while others have merged. Today, there are new regulations and criteria for these financial institutions to provide financing. Business lawyers Ruth Miijuskovic and Jim Shnell, in a talk with […] Tim Horton’s and NHL Seal Deal for SponsorshipTheStar.com reports that Tim Horton’s has signed up for title sponsorship of the NHL All-Star Game to be held in January 2012 in Ottawa. This will be a great marketing opportunity for the franchise’s doughnut and coffee products. Tim Horton’s will have in-arena signage and their logo at centre ice. It has more than 3,000 […] Research on Veterans and Franchising – Franchisee SatisfactionYahoo! News reports that Franchise Business Review, a national franchise market research firm, has published the Veterans and Franchising 2011, the first known survey on veteran franchisees, particularly on their satisfaction rating compared to non-veterans. “Like non-vets, veterans are looking for good opportunities regardless of industry, and many have the funds to afford a relatively large investment,” […] Creative Learning Corporation Opens its 100th FranchiseCreative Learning Corporation, the company behind Bricks 4 Kidz, achieved its target of 100 franchises 2 months ahead. This company uses LEGO bricks and models to teach children 3-12 years old the basic principles of engineering, architecture and physics. According to Business Wire it now has franchises in 28 states, Puerto Rico and 3 other […] October Jobs Up 80,000“We’re doing O.K., even if we’re not doing great. The odds of a double-dip recession are lower, at least.” This is the reaction of Augustine Faucher, Director of Macroeconomics at Moody’s Analytics on the 80,000 job positions filled in October according to The New York Times. This figure is far from the rosy picture painted […] Starting a Business? Consider Buying a FranchiseFranchising, although more expensive initially than starting a new business, is also a most-likely-to-succeed business worth looking into. In a Palm Beach Post article, the IFA Educational Foundation says more than 90 percent of franchises renew their agreements. “With contracts averaging five to seven years, that means the rate of success is much higher than […] Returning Soldiers Are Our New EntrepreneursThousands of soldiers returning home from overseas deployment at the end of the year are most likely to try entrepreneurship rather than seek employment in companies as reported at BusinessNewsDaily.com. With their training and discipline, they have high chances of success in running their own businesses. Civic and business organizations are offering them assistance to […] Food Franchise Businesses Thrive in IndiaThe restaurant franchise business is growing in India. Old and traditional restaurants are being transformed into franchising models and are branching out in various parts of the country. Surprisingly, they are keeping up with western brands like McDonald’s and Pizza Hut. BusinessInsider.com reports “local upstarts have begun to attract deep-pocketed financiers in the bid to build nationwide […] Junk Removal Franchises & Painting FranchisesMr. Brian Scudamore who built 1-800-GOT-JUNK into a $100-million-a-year franchise partnered with Mr. Jim Bodden on a new venture, the 1-888-WOW1DAY Painting. Bodden brings into the business his painting expertise while Scudamore contributes his entrepreneurship know-how. The Financial Post article says “Mr. Scudamore saw the opportunity to replicate the success of his junk removal business […] Krispy Kreme Doughtnuts is Growing in the UKThere will be no need for UK consumers to drive far to get their favorite Krispy Kreme doughnuts. Krispy Kreme UK announced in Businessweek that it will add more stores in various locations in the next few years. This move shows how successful Krispy Kreme has grown from its first store in UK eight years […] Digital Signage … an Effective Marketing Tool for FranchisesKen Goldberg of Real Digital Media, in his article in DigitalSignageToday.com, expounds on the use of digital media as a very powerful marketing tool for franchise businesses. He cites the franchise model where the concept of a marketing campaign is decided by the franchisor while at the same time giving the local franchises some control […] Tax Reforms, Not Payroll Tax Cuts Says IFAA bill put forth by President Obama aimed to create jobs via payroll tax cuts and a $447 billion package for infrastructure projects is facing opposition in Congress and small businesses. Newsmax.com reports that the International Franchise Association, in a letter to the Senate, says it prefers permanent tax reforms in lieu of this temporary […] Spring-Green Franchises Grow Under James YoungThe Naperville Sun featured James Young, President of the Spring-Green Lawn Care Corporation, as the force behind the success of the company. CEO Ted Hofer of Spring-Green agrees that it is Young’s direct mail campaign that brought the franchise to new heights in 2007. Young is known for creating an atmosphere “of change, acceptance and […] CEO Bares Plans for Wendy’s CEO Business PlansEmil Brolick, formerly of Taco Bell, is taking over Wendy’s after the death of latter’s founder. In an interview with USA Today, Brolick discussed his plans to lead the company to regain lost ground from the competition. He said that his leadership will give hope, vision and clarity to Wendy’s. Aside from their tastier and fresher […] Canadian Tire Stores Get a FaceliftThe Globe and Mail reports that Canadian Tire recently opened three test auto stores aimed at capturing a big percentage of the market for tires and supplies. The modern design of the stores features roomy aisles and a wide variety of products. These also have drive-in services for a quick diagnosis of car problems and […] McDonald’s Brilliantly Markets McRibInc. calls McDonald’s marketing of McRib brilliant. The company’s use of exclusivity, scarcity and seasonality makes McDonald’s customers baffled, excited and hooked. McDonald’s has turned the barbecued pork sandwich into a favorite. This early, people are speculating if the McRib will make a comeback next year. Companies can learn much about marketing their products from […] |
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