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Just as the Memorial Day holiday was about to begin, lawmakers preparing to flee Washington, D.C., for vacation, reached agreement on continuing to fund the war in Iraq. That funding bill also raised the minimum wage. Not a big deal, many business owners would say, because half the states already require minimum wages in excess of the federal level.
  • Mark E. Battersby
  • 3,552 Reads 7 Shares
This issue's Tech Talk takes a look into four ways franchise companies are using technology to improve their business: 1) integrating digital surveillance with POS systems; 2) contactless retailing; 3) protecting the brand in the online era; and 4) using an online service to track promotions and referrals.
  • 3,779 Reads 1 Shares
This issue's Tech Talk looks at two ways area developers can save time and money by using technology to improve their management and operations: 1) using Web-based software to conduct online meetings for all or some of their sites; and 2) using in-store cameras to improve operations on the fly and provide a digital record that can improve customer relations and protect employees at the same time.
  • Ripley Hotch
  • 2,858 Reads 4 Shares
Today, ever-on-the-go Americans are finding less and less time to take care of the dust and dirt that fills their homes. Others just simply don't like the mundane, time-consuming tasks of scrubbing and scouring their abode (and commode). That's why over the last three decades home cleaning and maid services have sprouted, flourished, and continue to show significant growth in the franchising industry.
  • Kerry Pipes
  • 2,307 Reads 17 Shares
The first question a franchise salesperson often gets from a prospective franchise is, "How much can I make?" Being able to answer the earnings question or to give prospects the means to answer it for themselves is one big reason for including an Item 19 in the UFOC.
  • Lane Fisher and F. Joseph Dunn
  • 8,257 Reads 1 Shares
Training: the second leg of the hiring, training, and retaining triathlon so many multi-unit operators struggle to complete every day. Area Developer asked training experts at three brands - Regis Corp., Little Caesars, and PuroSystems - about their training programs - and how an emphasis on a high-quality training program, incorporating innovation and technology, remains a cornerstone of their growth strategy.
  • Eddy Goldberg
  • 5,394 Reads
An acquaintance (not a lawyer) who is working on a book on franchising, recently asked me to review her manuscript and make appropriate editorial suggestions. In her chapter on buying a franchise, she strongly recommends, as would I, that a prospective franchise purchaser hire a lawyer who is experienced in franchising to counsel him (or her) with respect to this investment.
  • Rupert M. Barkoff
  • 3,575 Reads 6 Shares
If you're reading this, you already know that franchising is a different business model. That it involves paying the franchisor an initial franchise fee, as well as ongoing royalties and, often, paying into an advertising fund. And that you're willing to pay those costs for the privilege of using a recognized brand name and an operating system with a successful track record. Not to mention the initial and ongoing training and support the brand offers.
  • Eddy Goldberg
  • 17,276 Reads 10 Shares
Vaughn Hayes, the Virginia area developer for Salad Creations, had an early exposure to franchising - and it was a missed opportunity.
  • Ripley Hotch and Debbie Selinsky
  • 3,507 Reads 4 Shares
Mike Snyder, who grew up in Michigan and spent most of the last 20 years in and out of California, began work after college as a driver for FedEx in the early ‘80s. He ended up as vice president of the company's eastern region, responsible for $2 billion in revenue and more than a thousand employees.
  • Ripley Hotch and Debbie Selinsky
  • 3,046 Reads 5 Shares
William Monk, Burzynski's ideal AD, was born in Farmville, N.C. He grew up around the family tobacco business his grandfather had started in the 1900s, and went to college to prepare to be part of it. He earned a degree in economics at the University of North Carolina at Chapel Hill, and later got his MBA down the road at Duke University in Durham.
  • Ripley Hotch and Debbie Selinsky
  • 3,150 Reads 1 Shares
Broken Yolk
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Conventional wisdom has it that young franchises are jumping on the area developer bandwagon to grow quickly and establish their presence in the most efficient way.
  • Ripley Hotch and Debbie Selinsky
  • 3,500 Reads 137 Shares
Innovation has played a progressive role in franchising since the beginning. Over the years, there have been new spins and fresh angles on all kinds of products, services, and concepts. As if there were any doubt, consider the more than 300 new franchise concepts introduced last year alone, according to franchise research firm FRANdata.
  • Kerry Pipes
  • 5,077 Reads 182 Shares
In the early summer of 2007, retired Air Force Tech Sergeant Robert Flores was making his way across the country with a U-Haul from Texas to Indiana to open his first Little Caesars franchise. That may sound extreme -- but it's not -- nor, is this his first brush with running his own business.
  • Franchising.com
  • 2,062 Reads 35 Shares
Steve Smith was a busy soldier during the 24 years he was in the U.S. Army. His two dozen years of service were spent as a logistics material manager. The second half of his military career was with the Special Operations Forces conducting worldwide logistics support ?" he even spent time working in the Pentagon. Smith served in the 101st Airborne during the first Gulf War and helped to defend Kurds fleeing Saddam Hussein in the "Provide Comfort" campaign in northern Iraq. In 2002, the Sgt. Major in the 10th Special Forces Group stationed in Fort Bragg, NC, retired.
  • Franchising.com
  • 1,652 Reads 15 Shares
The Home Depot is the big fish in retail hardware and home improvement centers. Founded by Bernie Marcus and Arthur Blank, their first store, opened in Atlanta in June 1979. Today, Home Depot has more than 2,100 stores and 350,000 employees with annual revenues approaching $100 billion. When it comes to U.S. retailers, Home Depot's annual sales rank second only to those of Wal-Mart.
  • Franchising.com
  • 61,143 Reads 15 Shares
On Wall Street, smart investors will tell you that diversification is a critical part of any portfolio. It's an approach that can shelter investors from significant losses by spreading the risk. It's also a good way to ensure consistent dividends. And diversification is a strategy that is being adopted and becoming more and more popular among multi-unit franchise operators.
  • Kerry Pipes
  • 7,281 Reads 2 Shares
Christopher R. Thomas and his partners, Clyde E. Culp III and John M. Creed, have deep roots in restaurant franchising. They're about to grow deeper.
  • Ripley Hotch
  • 3,229 Reads 13 Shares
For the first time, franchisors, development consultants, and advertising and marketing suppliers have access to the most comprehensive research guide to sales and lead generation performance in franchise recruitment.
  • Franchise Update Media
  • 6,216 Reads
For the first time, franchisors, development consultants, and advertising and marketing suppliers have access to the most comprehensive research guide to sales and lead generation performance in franchise recruitment.
  • Press Release
  • 7,440 Reads 117 Shares
It's no secret that the father's career path is no longer being repeated by the son (or daughter). Nor was it so long ago that folks graduated from college, signed on with a company, and spent the next 40 years toiling in the same office.
  • Kerry Pipes
  • 6,433 Reads
Sonny’s BBQ
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California has long been a key market for franchising, and its consumer-oriented culture has also made it one of the most active venues for regulatory and legal issues. Legal developments of the past year affecting the franchise community include the cascade of "Bounty Hunter law" actions, a franchisee's escape from arbitration requirements deemed 'substantively unconscionable', and a lesser-known ruling narrowing the interpretation of franchise fees.
  • Mary Beth Trice and Dawn Newton
  • 4,576 Reads 31 Shares
In case you haven't seen yet, we've formalized our name to Franchise Update Media Group. Now that our conferences have grown so much, it seems like a much better description of what we do-publications, conferences, reports, and other ideas and products coming down the pike.
  • Ripley Hotch
  • 3,444 Reads 3 Shares
Technology companies have always searched for a way to integrate functions in various devices or programs. The advantages to a provider are obvious: more functions mean more charges that can be made, or greater customer loyalty.
  • Ripley Hotch
  • 5,868 Reads 1,014 Shares
Steve Hockett was a successful Great Clips franchisee in the 1980s, and he'd be the first to tell you that he loved his job. The then 20-something had a knack for franchising. He was so good in fact, that within a decade he had worked his way up the corporate ranks and was serving as vice president of operations.
  • Kerry Pipes
  • 4,205 Reads 4 Shares
In 2007, chances are there's a sign franchise near you--offering customers a wider array of choices than ever before, thanks to continuing technological advances, especially in communications and digital imaging.
  • Eddy Goldberg
  • 2,818 Reads 43 Shares
We all know to expect death and taxes, but tenants can add one more thing to that list: lease renewals.
  • Jeremy Behar
  • 3,241 Reads 12 Shares
When Denise Taylor decided to move back home to Denver from Kansas, she sold the direct mail business she had built from scratch.
  • Ripley Hotch
  • 4,082 Reads 33 Shares
Despite all of the attention recently focused on income taxes, it is the property tax that is the biggest expense in most businesses - and the most difficult to manage. According to the Council on State Taxation, a Washington, DC, think tank, American businesses shell out more on property taxes than for any other type of state or local taxes.
  • Mark E. Battersby
  • 3,698 Reads 4 Shares
David Asarnow, 38, might make a good case study in the genetics vs. environment debate. His great'grandfather and namesake, David Bauer was an Eastern European immigrant who opened the first discount pharmacy in Newark, NJ in the early 1930s (according to family lore). But it was his grandfather, Jules Bauer, who also built a successful business, who set the 5'year'old David on the business track.
  • Eddy Goldberg
  • 6,196 Reads
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