New Mexico Feature Articles

Looking for a franchise opportunity in New Mexico? Whether you're a first-time business owner or a seasoned entrepreneur, New Mexico offers exciting potential for franchise success. From food and beverage to retail and services, the diverse economic landscape in New Mexico is ripe for franchise opportunities. Explore the best franchise options today and take the next step toward business ownership in New Mexico.

Informative articles to support business buyers, franchisees, and franchisors in New Mexico.

Working the lungs and brain at 6,000 feet

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
3,440 Reads 3 Shares

Progress in Integration, Managing Sites, and Web Browser Demands

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
5,859 Reads 1,014 Shares

Passion and energy drive franchise execs to new challenges

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
4,190 Reads 4 Shares

Strategies That Will Help You Handle Lease Renewals Like a Pro

We all know to expect death and taxes, but tenants can add one more thing to that list: lease renewals.

Jeremy Behar
3,234 Reads 12 Shares

Baskin-Robbins' new multi-unit program targets neighborhood growth

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
4,076 Reads 33 Shares

David Asarnow and his big, hairy, audacious goals

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
6,190 Reads

Special Edition: History of Franchising: This business model is an original--and a winner

Many trace the origins of franchising as we know it today back to Europe in the 1800s, when German beer makers granted pubs and taverns the rights to sell and use their name. In fact, the word "franchise" is a French derivative meaning privilege or freedom.

Kerry Pipes
4,002 Reads 102 Shares

Strategies to circumvent the fact that we are not very wise investors

As highlighted in last quarter's Investment Insights column, most of us are not particularly suited to be wise investors. In fact, neuroscientists are increasingly proving what veteran investors and asset managers alike have long suspected: Individuals make a lot of not-so-rational choices when it comes to dealing with their money, investments and financial affairs.

Carol Clark
3,074 Reads 1 Shares

James Young's unexpected life in franchising

If it's true that you learn from your mistakes, James Young is wise beyond his years. Celebrating his third anniversary with Spring-Green Lawn Care and approaching his first as its president, Young, 34, is hoping the steep angle of his learning curve is finally leveling off.

Eddy Goldberg
16,582 Reads 706 Shares

Multi-unit operators are utilizing all kinds of loyalty-generating tools to keep customers coming back time after time

Building customer loyalty is no easy task in today's highly competitive business world where consumers will change brands or products to save even a few pennies. Businesses from mom and pop operations to multi-national conglomerates are routinely looking for new and unique ways not only to recruit customers, but to turn them into loyal, repeat shoppers who also spread the word. As numerous studies have shown, it's much more cost-effective to keep existing customers than to find new ones.

Kerry Pipes
3,015 Reads 5 Shares

Making the most of every opportunity

For Joe Lindenmeyer, the path to TSS Photography in Atlanta led from New York through Iraq. When he was growing up in the 1970s as the youngest of seven (five older brothers and an older sister), upstate New York was not exactly an economic hotbed. The family had a landscaping business, but Joe chose to join the Marines (Tank Corps) and later served in Desert Storm.

Ripley Hotch
4,287 Reads 1 Shares

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Refinance existing debt; reduce food and beverage loss

Financial experts agree itâ€™s a good idea to help existing and future franchisees find the best financing methods to launch or expand a franchise. While you may not be able to offer franchisees a financing package, it makes good business sense to provide as much practical information as possible concerning where to apply for and successfully land business loans.

Joan Szabo
3,727 Reads 24 Shares

Dream big and obsess about delighting customers

Google can search the equivalent of a stack of paper 70 miles high and find any piece of information in that pile in less than half a second. And it's better information, more relevant information, than any other search engine. That's why people love it.

Jack Mackay
2,896 Reads 1 Shares

Mobile Attic comes out on top in our store redesign contest

Mobile Attic is on top these days, literally and figuratively. The Elba, Ala.-based firm is the winner of this year's Franchise Update Store Redesign contest. This entitles the five-year-old company to a redesign by Total Resource Group of Lincolnwood, Ill. We'll show you the new design when it's done.

Ripley Hotch
4,854 Reads 59 Shares

When you're looking at demographics, size matters

As more franchise brands push outward from their local or regional base seeking growth on the national stage, choosing the right city or designated market area (DMA) is always a critical factor in success.

Eddy Goldberg
4,089 Reads 14 Shares

Picture This: Photography franchises focus on profit

Franchising can be a snapâ€¦ or a click. Photography franchising is getting a lot of, er, exposure, and has developed rapidly in recent years.

Kerry Pipes
7,324 Reads

Mary Rogers Plays Very Well with Others

Franchising is founded on the concept of replicating success at the unit level. But Mary Rogers is taking that premise one better: she's replicating success at the franchisor level.

Eddy Goldberg
4,782 Reads 22 Shares

Hire an investment banker or do it yourself?

Multi-unit operators are a sophisticated culture within the franchise industry. They typically are streamlined, aggressive, think big, plan ahead, and are focused on continual growth. So why would a successful area developer want to sell a particular brand or chain of units? Lots of reasons: retirement, health issues, liquidity, a change in direction, a more aggressive growth strategy, a better opportunity, or simply the desire to "try it again with another concept."

Kerry Pipes
4,283 Reads 1,021 Shares

United puts a new face on check cashing

Keld Alstrup went to Canada in 1968 to see the world outside his native, tiny Denmark. He ended up working for Ford and then Volvo. So things, as he says "worked out."

Eddy Goldberg and Kerry Pipes
2,865 Reads 5 Shares

Franchisors stampede inventor pleading for secret formula

I confess, I'm still guilty. I bet you are, too! Ever wish for a marketing miracle, hoping to discover the "magic bullet" that creates masses of buyers begging for your franchise? How 'bout fantasizing that your $300 newspaper ad just generated 50 leads, and your franchise Internet ads deliver 100 percent qualified candidates who return all your phone calls? Then suddenly, media reporters call you in sheer excitement about your press release, promising feature coverage in the Wall Street Journal, Newsweek, and on the major network channels. And just a second! It's your phone light flashing fiery red with 40 urgent messages from prospects you met at this weekend's franchise show!

Steve Olson
2,942 Reads 5 Shares

25 years of care and nurturing

Getting laid off by United Airlines in the 1982 recession was perhaps the best business move Regina and Jerry Lillie ever made (even if they didn't actually make it themselves).

Eddy Goldberg and Kerry Pipes
3,397 Reads 3 Shares

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For customers, this duo does whatever it takes

Daren Patera and Brian Wernicke met in law school in Salem, Oregon, on their first day of orientation. "After about our second day, we knew we didn't want to be lawyers," says Patera, and they decided to go into business. "We wanted to be our own bossesâ€"not graduate and get a job working 80 hours a week for a law firm and hope to be a partner someday."

Eddy Goldberg and Kerry Pipes
4,531 Reads 19 Shares

The Franchise Rule

I. Rule Overview Basic Requirement: Franchisors must furnish potential franchisees with written disclosures providing important information about the franchisor, the franchised business and the franchise relationship, and give them at least ten...

FTC.gov
8,322 Reads

We're talking motivated, people!

When she was just 16, Mandy Bryant (now Mandy Bryant Verges) got a job at a Gold's Gym in her home city of New Orleans. She worked a couple of years in sales and did well. In April 1995, owner Steve Smith opened a tanning salon called Electric Beach in the city's Uptown district. When Smith bought out his business partner, he needed a manager for the salon. Bryant asked, he said yes, and transferred the 18-year-old to the salon as its new manager.

Eddy Goldberg and Kerry Pipes
3,940 Reads 40 Shares

2006 STAR Awards identify best practices in franchise recruitment

Everyone's heard of mystery shopping. It's that practice where an unknown "customer" checks up on a business when they're not looking. Mystery shopping can uncover successful practices and, unfortunately, embarrassing deficiencies. But the good news is that the collected information can be used to help those operations and procedures that need improvement and correction. The data also can provide affirmation for those practices companies are performing well.

Kerry Pipes
4,089 Reads 4 Shares

These partners buy 'em, build 'em, and sell 'em

Hank Huth didn't set out to be in franchising. As a matter of fact, he was a banker. But in the mid-1980s, he was introduced to some executives at then-emerging Blockbuster Video and decided to "take a leap of faith" and give franchising a try. He called on his high school buddy Tim Nolan, who had managed some McDonald's franchises, to be his partner.

Eddy Goldberg and Kerry Pipes
5,977 Reads 299 Shares

Communications in the modern era

I see that the dictionary companies are choosing their "word of the year." One has picked the word "crackberry."

Ripley Hotch
4,731 Reads 9 Shares

The .mobi Domain Name - A Different Way to Do A Different Thing

The news is hardly surprising: another new domain name has been introduced. Yet this time, the news is different.

Lee Plave
7,054 Reads 1,023 Shares

Pet Franchising Takes Off

Pets and pet-related businesses are among today's hottest franchise opportunities--especially in the U.S., where pet owners are notorious for pampering their dogs, cats, birds (and even their rodents, reptiles, amphibians, and fish).

Eddy Goldberg
3,167 Reads 17 Shares

Kelly Saxton doesn't just talk the talk about employees

Kelly Saxton thinks big. He's the largest McAlister's Deli multi-unit operator, with 30 units throughout Texas, Oklahoma, Mississippi, and Kansas. Prior to that, he was the largest Mazzio's Pizza multi-unit operator, with 50 units throughout Texas, Arkansas and Mississippi.