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First, congratulations on joining a franchise! You've avoided many startup headaches, and now development work, brand building, systems development, and business model refining are all off your plate.
- Ben Midgley
- 19,795 Reads 72 Shares
Don't let the GDPR bite your bottom line!
- Eddy Goldberg
- 9,017 Reads 9 Shares
Whether you're a franchisor or franchisee, a newbie or a seasoned pro, this book has something for you.
- Eddy Goldberg
- 17,477 Reads 49 Shares
As we near the perpetual end-of-year market ritual of review and predict, we suspect that few strategists called this year's twists and turns in the domestic and geopolitical scenes with any great degree of accuracy.
- Carol M. Schleif
- 13,504 Reads 10 Shares
It will always be a fact in business that change is coming. Successful organizations must be willing to consistently innovate and adapt from the top down. Consider these steps to ensure you are tackling the questions of when, why, and how to adapt.
- Champ Rawls
- 12,650 Reads 6 Shares
So many good things are happening so quickly in franchising these days, it's hard to keep up (even for us!). So welcome to "Good News!" - our monthly roundup of franchise growth, finance, international expansion, milestones, and other positive news from franchisors large, medium, and emerging.
- Eddy Goldberg
- 11,040 Reads 7 Shares
This past June, the White House announced a program intended to widen the scope of the government's apprenticeship and skills training programs.
- Darrell Johnson
- 13,914 Reads 11 Shares
So many good things are happening so quickly in franchising these days, it's hard to keep up (even for us!). So welcome to "Good News!" - our monthly roundup of franchise growth, finance, international expansion, milestones, and other positive news from franchisors large, medium, and emerging.
- Eddy Goldberg
- 12,470 Reads 2 Shares
Thinking of going global in 2018? These countries are worth a look.
- William Edwards
- 32,223 Reads 19 Shares
Franchisees and investors say the economy is trending up and that regulatory relief and tax reform could provide further benefit for business operators.
- Multi-Unit Franchisee
- 5,308 Reads 41 Shares
Hudl, a sports video software company based in Lincoln, Neb., has a system for feedback they refer to as #RealTalk. Playing off the slang phrase "real talk" (curt honesty), the team uses the phrase to denote when a conversation has taken a serious turn.
- Gregory Ciotti
- 4,764 Reads
In the ever-changing world of social media, much has changed in how franchisors are using these emerging platforms to reach customers.
- Eddy Goldberg
- 7,383 Reads 2 Shares
Food--fast, slow, casual, takeout, sit-down, delivery--is by far the largest single sector in franchising.
- Eddy Goldberg
- 8,828 Reads
A report produced for the IFA at the beginning of this year, the Franchise Lending Matrix, forecasted approximately 15,200 new units would be added in 2011. We're at the halfway point of 2011. It's a good time to check the progress.
- Darrell Johnson
- 3,989 Reads 1 Shares
Listening is one of the fundamental principles of social media and Web 2.0.
- Franchise Update
- 2,990 Reads 5 Shares
In our premiere issue of the Franchise Consumer Marketing Report, we began reporting some of the findings from our first-ever Franchise Consumer Marketing Study.
- Franchise Update
- 3,128 Reads 24 Shares
Menchie's, the Encino, California-based frozen yogurt franchise brand, is turning to technology to separate itself from the competition while building an even stronger bond with its customers.
- Franchise Update
- 4,398 Reads 63 Shares
In an article entitled "Customer Satisfaction and Stock Prices: High Returns, Low Risk," author Claes Fornell discusses the result of extensive research and studies that prove that an increase or decrease in customer satisfaction not only greatly impacts each individual organization, but has a significant impact on the future health of the economy.
- John DiJulius
- 3,791 Reads 37 Shares
Anand Gala can remember working in his family's Jack in the Box restaurants when he was still in elementary school.
- Anand Gala, CEO, Gala Corp.
- 4,221 Reads 13 Shares
A guy walks into a bar. The place is teeming with beautiful women and he's looking to make a connection. After he's shown off some of his best moves on the dance floor, one particularly attractive lady approaches him.
- Denise Lee Yohn
- 4,123 Reads 5 Shares
When it comes to customer service, do you know the rating for your company, location, or department?
- John DiJulius
- 3,809 Reads 99 Shares
Program planning for the Franchise Consumer Marketing Conference, to be held June 14-15th in San Francisco's Omni Hotel, is moving full steam ahead.
- Franchise Update
- 3,934 Reads 20 Shares
Now that we are freshly off the annual rite of late fall--the annual budget process--it might be a good time to consider how it could be done differently next time around. Conceptually, the budgeting process for franchise companies is pretty simple: pick some revenue numbers that build off the previous year's performance and do the same for expenses.
- Darrell Johnson
- 3,846 Reads 1 Shares
The 2011 Annual Franchise Development Report (AFDR) shows steady growth, based on improvements over last year in two key performance metrics - franchise leads and franchise sales. The AFDR is an annual survey of CEOs and senior development executives conducted by Franchise Update Media Group (FUMG) to provide a comprehensive research guide to sales and lead generation in franchise recruitment.
- PRESS RELEASE
- 3,832 Reads 3 Shares
To some people, trade shows are a necessary evil, while others believe by ignoring them it will make them go away. The reality is that trade shows are not going away. Just the opposite is occurring right in front of our eyes: They are becoming more important.
- Ray Titus
- 4,252 Reads 44 Shares
Will the 2011 economy provide a further drag on franchise development, or will it allow development to start to gain some speed? I believe the answer is that it will allow some gradual acceleration in most sectors. Let's look at what's been happening in development and the economic factors that will influence it in 2011, and some implications for development that will last beyond 2011.
- Darrell Johnson
- 4,246 Reads
Franchisee satisfaction is a key performance benchmark for forecasting the rate of your system development. If your "troops" aren't promoting you, it doesn't matter how compelling and profitable your program is. I'll never forget the children's franchise with a great financial success story. Even though their business model and ROI were terrific, their recruiting efforts were flopping. Lack of corporate support sparked huge issues, and owner validation was near nonexistent.
- Steve Olson
- 4,649 Reads 6 Shares
Each year franchising needs debt capital in excess of $10 billion to fund more than 30,000 new units and transfers of existing units. That's a lot of money, and the lending community doesn't seem that likely to meet the demand--even though collectively there's ample lending capital available. It's clear that access to capital will be an issue for the franchise community for the next few years at the very least.
- Darrell Johnson
- 5,910 Reads 5 Shares
Franchisors seeking to grow in a tight credit environment and slow economy are turning to private equity to counter a slowdown in financing and cash flow. For struggling systems, capital "infusions" or outright acquisition by private equity firms can replace diminished royalties and franchise fees; for successful brands, this source of additional capital can be used to accelerate growth and provide a competitive advantage.
- Eddy Goldberg
- 5,558 Reads 58 Shares
As savvy franchise companies continue to flourish in this challenging economy, FUSR will bring you good news each month, highlighting brands that are adding units, increasing comp store sales, striking deals with investors, and continuing to grow despite the economy - maybe even because of it. And, as the U.S. struggles through its "jobless recovery," growth-oriented franchisors continue to look overseas for expansion opportunities.
- Franchise Update
- 8,353 Reads 2 Shares
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