Foundation awards scholarships to deserving students.(FW FOCUS:
AWARDS AND SCHOLARSHIPS)(International Franchise Association)
The International Franchise Association Educational Foundation has
awarded nine scholarships to deserving students. The foundation thanks
DLA Piper US LLP, Figaro's Italian Pizza, the Marriott . . .
The "new" rule: amendments and requirements: promptly
following the updating requirements of the new franchise rule will
enable
Effective July 1, all franchisors were to have implemented the new
franchise disclosure format prescribed by the Federal Trade
Commission's recently-amended Franchise Rule or "New Franchise
Rule." . . .
Exemptions can work for you.(FW FOCUS: LEGAL)
As the franchising industry recovers from the impact of adjusting
to the new Federal Trade Commission's Franchise Rule disclosure
format, a topic that looms increasingly large on the horizon is . . .
Buying a franchise company: do your due diligence: looking under
the hood, kicking the tires isn't enough.(FW FOCUS: LEGAL)
While a pre-acquisition investigation (due diligence) should be
part of every acquisition, there are special issues that potential
purchasers of a franchise company should consider.
Some of these . . .
Litigation insurance: is your franchise protected? Franchisors
should take a closer look at their directors' and officers'
insur
At a recent franchise industry event, a group of franchisors sat
around a table, joyfully exchanging local-store marketing success
stories. Everyone was eager to offer anecdotes and have a turn to . . .
Getting the word out: building a co-op program: aim for flawless
execution of your advertising plan, but be prepared to change s
Economically-challenging times make franchisors and franchisees
acutely aware of the cost of doing business. With commodity and labor
costs on the rise and consumers' disposable income in . . .
Leaving money on the (Internet) table? Imagine learning that the
word "franchise" was searched 14,123 times and
"franchising" wa
Imagine franchisors being able to place an advertisement at the top
of a Google search in five minutes and only paying if someone clicks on
the ad?
Imagine franchise companies "geo-targeting" . . .
Building compensation packages for sales pros: franchisors need
to understand their salespeople and what is required to keep the
Franchising is first and foremost a business about people. Whatever
the concept, the entire franchising business model revolves around
successful relationships. Most franchising professionals will . . .
Franchise systems take center stage as corporate retailers scale
back: as corporate America retreats, the ability of the franchi
After years of playing second fiddle in the competition for prime
retail space, the tables will turn in 2008 as growing franchise systems
fill the void left by shrinking corporate retailers. With . . .
Minnesota: a profile: this profile is part of an occasional
series examining the issues and atmosphere guiding politics and poli
Minnesota in the National Spotlight
All eyes are on the state of Minnesota as the Republican Party
convenes its quadrennial convention Sept. 1 to 4 to nominate a candidate
for president. . . .
Turning up the heat: seeking a solution to the energy price
squeeze.(FW FOCUS: GOVERNMENT RELATIONS)(Report)
"rising energy prices are impacting every level of business,
most dramatically on consumer spending. This translates directly into
slower franchise sales, meaning businesses won't expand as . . .
FranPAC report card: supporting federal candidates: the
International Franchise Association's current financial support to
candi
IFA's political action committee, FranPAC, supports
pro-franchise, pro-business candidates for U.S. Congress.
2007-2008 Receipts 451,977
2007-2008 Expenditures $318,500
FranPAC Supported . . .
Franchise Appreciation Day checklist: practical pointers: while
preparations for the Ninth Annual Franchise Appreciation Day wil
September has arrived, which means a trip to the nation's
capital is on the agenda of hundreds of members of the franchising
community. The center of the legislative universe awaits the . . .
In their own words.(FW FOCUS: GOVERNMENT RELATIONS)(HealthStore
franchise)(Senators Norm Coleman )
In July, U.S. Sen. Norm Coleman of Minnesota provided a statement
of support for the HealthStore Foundation's work to increase
affordable quality health care in Africa. In doing s0, Sen. Coleman . . .
Congress speaks out: the Business Activity Tax Simplification
Act.(FW FOCUS: GOVERNMENT RELATIONS)
With aggressive tax nexus battles continuing their strain on the
franchising business model, the U.S. House Judiciary Subcommittee on
Commercial and Administrative Law held a hearing June 24 on the . . .
Managing product sales to franchise owners: fulfillment service
companies can handle distribution needs and free franchise syste
One of the many benefits franchisors offer to franchise owners is
to provide competitive sources for quality products and services. As
Abrakadoodle grew, we found that this service became more and . . .
Helping franchisees develop a strategic plan: the
strategic-planning process offers a stronger approach to running the
business
"What is the strategic plan for growing the business?"
Now there's a question that can derail a Discovery Day.
What's the answer? Is there one? If so, is it the same for new
franchise members and . . .
Optimize franchisee talents for growth with multi-brand
franchisors.(BEST PRACTICES IN FRANCHISE RELATIONS)
Franchisors operating multiple brands have unique opportunities and
challenges. Companies become multi-branded through various means and for
different reasons. Likely, these come in the form of the . . .
Talk to me: good communication as a business strategy: the
cornerstone of franchisee communications is field support.(BEST
PRACT
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Franchises depend a lot on trust. Like any relationship, they
require open, honest communication. A good franchise relationship is a
valuable business asset to be nourished . . .
Coaching franchisees to success in a challenging economy: the
tough economy has invaded every aspect of the business world. The
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Taking Action
Franchisors have two options: they can sit back and commiserate
with their peers about lagging system-wide sales or fewer eager
franchise buyers or they can . . .
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