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The Economy

The chip card (EMV) deadline passed in October 2015. Yet according to industry accounts, fewer than 50 percent of retail and restaurant outlets were set up by the end of December 2016 to accept cards this way.
  • By Tom Epstein
  • 10,701    2
Uncertainty is the bane of business. Although the regulatory environment of the past few years seemed bent on attacking the franchise business model, the early drama and politics of the incoming administration seem to be creating a new kind of uncertainty.
  • By Eddy Goldberg
  • 11,960    0
Politics, federal law, and franchisee assets. There are several significant steps that can be taken to help reduce estate taxes.
  • By Hugh Roberts
  • 12,335    0
Multi-unit franchisees talk about the ramifications of employee pay as the DOL's Overtime Rule remains in limbo.
  • Multi-Unit Franchisee
  • 12,851    0
Franchisees take action by speaking out at a public hearing when a proposed IRS rule threatens the valuation of interests in closely held businesses.
  • By Eddy Goldberg
  • 16,673    2
In the wake of a vote to exit the European Union, U.K. citizens made it clear shot that "status quo" was no longer acceptable.
  • By Carol Schleif
  • 14,038    0
Unit-level economics (ULE) is the latest fancy phrase for the fundamental concept of franchisee profitability. The old-school franchise concept of caring only about a monthly sales report and a royalty check and, if the franchisee was not profitable, reselling the territory in 18 months is dead.
  • By Rod Bristol
  • 15,848    2
Minimum wage increases will be ringing in the New Year in states across the country. The Service Employees International Union (SEIU) continues to push for greater increases in minimum wage. Wage increases will not only affect employees but also business owners and consumers.
  • Multi-Unit Franchisee
  • 15,707    0
An Analysis of Franchise Systems over a 6-Year Period Indicated that Systems with Item 19 Disclosures Achieved Significant Growth While Others Declined.
  • Multi-Unit Franchisee
  • 12,822    2
Private equity can provide a great growth or exit strategy for your franchise operation, but it is critical to consider and understand the rules of engagement. Make sure you know how to form the appropriate partnership with respect to your goals, and understand what you get and what you give up.
  • By Champ Rawls
  • 14,751    0
After decades of seemingly inviolable correlations, shifts in markets, demographics, interest rates, and politics suggest that change may be in the offing.
  • By Carol M. Schleif
  • 22,873    8
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If your business is on a calendar year, you've finished your first-quarter operations. Hopefully, your accountant or bookkeeper gave you your financial reports by April 15--both an income statement and a balance sheet--and you spent time reviewing them.
  • By Rod Bristol
  • 15,828    6
If you are in a scenario where your business is doing great but you have little or no liquidity, make it a priority to free up cash.
  • By Champ Rawls
  • 11,492    9
Department Of Labor Overtime Rule Ignores Concerns of Franchised Businesses and Will Also Effectively Demote Thousands of Working Americans.
  • Multi-Unit Franchisee
  • 8,949    55
Seattle Franchisees and IFA Say They Will Continue Battle Despite the Supreme Court's Refusal to Hear Case Over City's Minimum Wage Law.
  • Multi-Unit Franchisee
  • 10,083    0
As we saw in graphic detail this past August-October, interim market swings in both directions can be violent. Major markets around the globe experienced their first correction in more than half a decade, only to make it all back up and then some within a couple of weeks.
  • By Carol M. Schleif
  • 9,032    0
New Census Bureau data finds franchise businesses accounted for 560,086 establishments and 10.8 million jobs in 2012.
  • Multi-Unit Franchisee
  • 4,910    6
IFA Appeal Seattle's Minimum Wage Law All The Way To Supreme Court.
  • Multi-Unit Franchisee
  • 4,435    2
As we enter summer each year, businesses with a seasonal sales cycle can change significantly. If you are lucky, this is your busy season with expanded revenue and, hopefully, expanded profits and cash flow.
  • By Steve LeFever and Rod Bristol
  • 4,873    0
There are many misconceptions about how to go about valuing your business. In general, most business owners have a value in their mind that is usually several times more than the actual value a sophisticated, competent buyer ultimately pays.
  • By Rod Bristol
  • 6,943    0
IFA says "political theater" SEIU protests over per hour wages put the future of jobs and businesses in jeopardy.
  • Multi-Unit Franchisee
  • 4,302    0
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Two new reports show steady progress for franchise industry, NLRB remains top concern for franchise business owners.
  • Multi-Unit Franchisee
  • 6,222    0
Throughout my career I have observed that a strong alignment of interests between two business parties usually leads to good outcomes for both.
  • By Darrell Johnson
  • 5,237    0
We're often asked, "I've been in this system four years. When should I start making a profit?" This is a disturbing question at best--as if profits were somehow time-sensitive: just wait long enough and, Presto!, profits.
  • By Steve LeFever and Rod Bristol
  • 6,132    0
Good news! The economy is growing again. However, expanding businesses are often in greater peril than those that have suffered through a challenging economy and declining revenues.
  • By Rod Bristol
  • 6,935    0
New measure lifts the cap on the Small Business Administration's loan program to $23.5 billion.
  • Multi-Unit Franchisee
  • 6,159    4
Franchise industry on the defensive after SEIU files a petition demanding that the federal government investigate franchisors for alleged abuses against franchisees.
  • Multi-Unit Franchisee
  • 4,966    0
Pro-business reps warn New York Governor Cuomo not to discriminate against franchisees by raising minimum wage.
  • Multi-Unit Franchisee
  • 5,343    4
The National Retail Federation says Obama administration's overtime expansion would harm restaurant and retail careers, managers, and consumers.
  • Multi-Unit Franchisee
  • 4,935    7
Now that we're nearing November, it's time to refocus on the business with an eye toward planning for 2015.
  • By Steve Lefever
  • 5,396    25
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