Franchise Articles
Browse our selection of franchise articles and features to help further your knowledge in opening and operating a franchise business. Our exclusive features cover the franchise growth, operations, legal, leadership, marketing, real estate, and technology site of the franchise business. Written by the editorial team that produces Franchise Update Magazine and Multi-Unit Franchisee Magazine, the franchise industries premier magazines.
Whether you are a franchisor or a multiunit franchisee, you must have noticed that the marketing and sales landscape is changing. No matter what kind of business you're in, status quo marketing and sellingis no longer going to get you the resultsyou need or want. In a business-to-consumer franchise system you will see the demographic changes in your customer marketplaces more quickly than in business-to-business. Time to wake up and smell the demographic coffee!
- Mauricio Velasquez
- 3,736 Reads
Once there were day spas, places for women (and a few brave men) to spend time being pampered and rejuvenated with lotions, potions, and massages. Today there are medical spas, or MedSpas, which take all the comfort and care of day spas and add the latest in medical technology. MedSpas provide services in comfortable retail settings, services once confined to medical settings and performed by dermatologists and plastic surgeons.
- Eddy Goldberg
- 6,170 Reads 448 Shares
I have read many "How To" articles on real estate. Often, they were written by attorneys, estate agents, or learned Ivy League professors in need of publishing. They quote facts, point to figures, refer to charts, and on occasion come up with something of value to the reader. The problem, in all fairness to these authors, is that it is difficult to write about real estate without a clear and specific idea of what their readers need or are looking for.
- Lewis Gelmon
- 3,478 Reads 20 Shares
Before he even served his first sandwich, Bill Duke signed a contract with an outside human resource organization to handle all his personnel issues. And after one successful year as a single-store franchise owner, Duke is pleased with his decision.
- Linda C. Ray
- 3,461 Reads 17 Shares
The quest for knowledge. That, and an increasingly competitive world, coupled with parent demand, is driving the tutoring and learning center industry. It's another growing opportunity in franchising. The Education Industry Association projected growth of 15 percent in this sector last year. Higher expectations, low test scores, and mounting competition for admission to top-tier universities are boosting student enrollment at tutoring and learning centers across the country. Facilities like Sylvan, Huntington, and Kumon are witnessing this exploding growth firsthand.
- Kerry Pipes
- 1,931 Reads 5 Shares
The most powerful players in franchising will meet in March for the nation's only conference dedicated to the industry's fastest-growing and most targeted audience - multi-unit franchise developers.
- 2,148 Reads 35 Shares
The best way to ensure profitable sales growth is to keep building an ever-increasing base of loyal customers. Customer research consistently proves that "loyal" customers are worth much more than merely "satisfied" customers. Only "highly satisfied" customers become loyal customers. They buy more often; they spend more per transaction, and they drive new customers your way with positive word-of-mouth advertising.
- 2,823 Reads 3 Shares
Pizza. A blank canvas filled with dreams. Starting with the crust and rising upward through the sauce, cheese and toppings, pizza can be tailored to satisfy the palate - and pocketbook - of anyone. And pizza franchises have become the dream of many an entrepreneur.
- Eddy Goldberg
- 3,169 Reads 8 Shares
Much has been made of the benefits of web-based technology as it applies to the franchise corporate office and how it can easily and effectively collect financial data from its franchisees.
- Kerry Pipes
- 3,109 Reads 3 Shares
As the American waistline has continued to expand, more and more people are turning to fitness centers to help them lose weight. Statistics show that more than 60 percent of all Americans are overweight. A 2004 report by nonprofit research group RTI International and the Centers for Disease Control and Prevention estimates that obesity costs the United States as much as $75 billion in medical expenditures annually. "With the cost of health care being what it is, people want to make it a priority to take care of themselves," says Shirley Archer, an author, speaker, and health and wellness educator for the Health Improvement Program at Stanford University. Consequently, fitness-related franchises are rapidly growing to fill this niche.
- 3,965 Reads 7 Shares
"It's personalities that makeany business," says ZaneTankel, and he shouldknow. He's owned a number ofthem, starting withcommercial printing. Now he'schairman and chief executiveofficer of Apple-Metro, Inc.,the sole franchisor in the NewYork metropolitan area ofApplebee's and Chevys.
- Ripley Hotch
- 4,170 Reads 35 Shares
The sandwich has come a long way since its invention in 1762 by the Fourth Earl of Sandwich - or so the story goes. That's when the Earl is credited with being the first person to slap a couple of slices of bread around his meat (or order his servants to).
- Eddy Goldberg
- 4,024 Reads
Many area developers are under tight time pressure to open new units. Often, area developers will agree to growth provisions in their franchise agreements that can be unrealistic to all but the most sophisticated operators.
Franchisors will, of course, prefer to grant territorial rights to those who promise rapid growth. Once you have been awarded those rights, you may have the best intentions and plans to meet your growth requirements, but you may discover early on that it takes much longer than expected to open each store. The realization sets in early with most that they stand to breach their franchise agreement’s growth requirements and find themselves struggling to catch up. Like a swimmer who panics, a lot of splashing occurs but little in the way of real movement happens.
- Jeremy Behar
- 3,021 Reads
There's no place like home - and for an increasing number of Americans, there's no business like home business. The rise of home-based franchise opportunities coincides with the shift to a service economy in the United States. As more households with two working adults struggle to make ends meet, a combination of factors has made working from home an increasingly attractive option.
- Eddy Goldberg
- 2,362 Reads
Nevermind rising room rates and increased hotel occupancy, customer satisfaction in the hotel industry is up, a new study says. The annual J.D. Power and Associates North America Hotel Guest Satisfaction Index Study measured overall hotel guest satisfaction based on six measures: check-in/check-out, guest room, food and beverage, hotel services, hotel facilities, and costs and fees. Hotel chains were ranked in six segments: luxury, upscale, mid-scale full service, mid-scale limited service, economy/budget and extended stay.
- 3,611 Reads 129 Shares
Business supplies are like the air we breathe: they're all around, necessary for life, and noticed only when missing. Where would we be without our business cards, business forms, stationery, logo-ized pens, printer and toner cartridges-not to mention all the computing and communication gear and gizmos-that keep the wheels of commerce turning? And don't forget the signage on everything from delivery trucks to the booths of trade shows.
- Eddy Goldberg
- 2,608 Reads 7 Shares
Imitation is said to be the sincerest form of flattery. If that's true, discount giants Wal-Mart and Target have paid a glowing compliment to small but booming dollar stores, including franchises such as My Dollar Store, Dollar Castle, Just-A-Buck and Dollar Discount. Wal-Mart is testing "Pennies-n-Cents" sections in 20 of their Supercenters, and Target has launched The I Spot in the front of about 125 of its stores.
- Debbie Selinsky
- 3,168 Reads 20 Shares
Quick lube shops may seem to be on every corner of most major American cities, but that's not true overseas in places like China and even north of the border in Canada.
- Kerry Pipes
- 6,377 Reads 422 Shares
A family-oriented bar? Imagine children playing and laughing as football games are broadcast on big-screen TVs, while parents and patrons have a cold one. It's not as strange a concept as you might think.
- 3,021 Reads
When doing business in Australia, you may hear the expression "fair dinkum" as in "Mate, are you fair dinkum?" This is an old and popular bit of slang that Australians use to assure themselves that others are being honest, genuine, and reliable in their dealings with them. It challenges any real or suspected evidence of phoniness, deception or manipulation.
- Franchise Update Magazine
- 2,889 Reads 1 Shares
If you're over 20 years old, you probably think this is some crazy scifi phenomenon, or I've simply lost my mind. Don't fret; the vast majority of people don't know what a blog is all about�and more important, why it matters to them. In particular, why does it matter to your franchise company?
- Dennis Schooley
- 3,155 Reads 1 Shares
Franchisors are always looking for that magical ingredient to propel their business toward greater profitability. In 2005, many are finding magic in the Internet, as email, laptops, PDAs, SmartPhones, and other mobile communications devices become a regular part of both business and personal life.
- 7,853 Reads 1 Shares
Whether it's high-fat super-premium gourmet ice cream with mix-in candy, fudge, or fruit, or just plain vanilla low-fat frozen yogurt, for most Americans it's not if or when, but how often they'll indulge in a sweet, tasty, frozen dessert or treat. In the U.S. today, ice cream is a $20 billion-plus industry, with 90 percent market penetration. The industry is mature, meaning any gains from one competitor (Haagen-Dazs vs. Carvel) or segment (super premium vs. light) will be scooped from another.
- 17,842 Reads 1 Shares
John F. Kennedy made a famous speech at the Berlin Wall, when he said, "Ich bin ein Berliner." Literally, this translates to "I am a jelly donut" because a "Berliner" is a type of jelly donut. To be correct, he should have said "Ich bin Berliner."
So now a famous phrase echoes around the world, with millions of people declaring that they want to be a jelly donut. But several million of those would probably rephrase it, "Ich bin ein Krispy Kreme"-fanatical followings are not unusual for that brand.
- 3,994 Reads 43 Shares
Domino's Pizza and Checker's Drive-In Restaurants are off to the races following the waving of the green flag. Both fast-food companies are capitalizing on NASCAR and other professional racing tie-ins that build awareness and increase sales.
- 3,129 Reads 1 Shares
At February's Franchise UPDATE Multi-Unit Conference in Dallas, attendees dug into their pockets to help Rocco Fiorentino's Little Rock Foundation. Multi-unit operators are known for generosity to charities, but the record for amounts may well go to Batteries Plus.
Batteries Plus Multi-Unit Franchisee Leonard Cyphers, who owns three Atlanta-area Batteries Plus stores, was diagnosed with Young Onset Parkinson's disease in 1997 at age 48. He is managing his disease with diet, medication, and exercise, and the help of a pioneer in Parkinson's research, Dr. Ray Watts.
- 2,804 Reads 7 Shares
An Italian proverb says, "One attains fortune through knowledge. One attains knowledge through mentors." Many real estate franchise companies are taking that proverb to heart. Training and retention of the very best sales associates and staff is crucial to the success of any real estate brokerage. Subsequently, real estate franchising companies such as Century 21, RE/MAX, Coldwell Banker, and ERA have begun implementing coaching and mentoring initiatives for their franchisees. Typically, these programs involve coaches or mentors who have extensive experience and successful track records as top producers. The programs arm franchisees with proven scripts and dialogues that help them deal with obstacles. Franchisees can also gain access to marketing and advertising materials that have been successful.
- 2,184 Reads 3 Shares
Guess who the biggest rival to Starbucks is? Would you think Dunkin Donuts? You should, says Jett Mehta, a Dunkin Donuts multi-unit franchisee in New York. "Starbucks may own their experience, but Dunkin is nipping at their heels," he says. "Starbucks can't touch Dunkin in new England."
In fact, Mehta says, it's not about the donuts: "Dunkin Donuts is a beverage business-it's all about coffee. In western New York, 50% of our sales are beverage-based, or premium things like bulk beans. Donuts are only about 25%."
- 5,837 Reads 490 Shares
Do franchisors create more value and perform better financially than their non-franchise competitors? A resounding yes, according to a new study by The William Rosenberg International Center of Franchising at the University of New Hampshire.
- 6,045 Reads 432 Shares
Area Developer, the only magazine dedicated exclusively to multi-unit franchising, will take an indepth look at the expanding multi-unit franchise landscape. This industry first drill-down will identify those franchise systems that have substantial numbers of multi unit franchisees and meet specific baseline standards.
- 4,336 Reads 2 Shares
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