Franchise News Articles For Entrepreneurs & Small Business OwnersInternational Franchising Opportunities – Advice To FranchisorsMike 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 […] Former FedEx Executive is Krispy Kreme’s New President and COOFormer 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 […] Subway Franchisor Not Liable for Uninsured Franchisee Employee’s ClaimsThe 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 […] Marriott Lodging Management, Franchising & Timeshare BusinessChairman 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 […] How to Protect your Franchise BrandYour 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 […] Restaurant Chains Offer Incentives for FranchiseesRestaurant 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 […] Franchise Businesses Do Well Despite Poor EconomyDuring 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 […] Franchisee and Pizza Hut Legal Battle ContinuesLarry 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 […] Wingstop Franchises – Wingstop is Expanding into MexicoWingstop franchise owners have announced in FastCasual.com that the company will be adding more than a hundred restaurants across Mexico in the next seven years. WIS Masters has started interviewing interested parties to be franchisees and targets stores in other countries in Middle East, Latin America and Central America in the coming years. Based on […] 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 […] Cafe2U Vans Bring Coffee to ConsumersLee Johns went all the way to Australia to learn how Cafe2U International conducts business and makes coffee, said an article in BendBulletin.com. With the information he gathered, he brought home with him the rights to set up Cafe2U franchises in the United States. Johns envisions 1,000 Cafe2U vans across the nation in five years. […] Guy Kawasaki to Speak at IFA Convention in FebruaryFamous author Guy Kawasaki will be the speaker during the closing keynote lunch of the 52nds Annual Convention of the International Franchise Association’s in February 14 in Orlando, Florida. The Convention will be attended by 3,000 franchise professionals. Developments in the industry, financials, new markets, franchising practices advice and more will also be highlighted during […] Congress 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 […] 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 […] |
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