Todd Penegor oversaw a period of innovation, expansion and profitability at Wendy's before retiring earlier this year. Now he's back, at the helm of another company.
Here's how I successfully addressed staff burnout in a healthcare practice by fostering a supportive and positive work environment, emphasizing employee recognition and work-life balance.
Conventional wisdom says to work on the business, not in the business. That sounds like good advice, but is there more to it? Yes, and finding the balance is key to entrepreneurial success.
The traditional method of judging success — ever-growing year-over-year sales increases — is antiquated. What matters more is Guest Lifetime Value, the amount of repeat business from loyal customers who visit more often and order more with no additional cost to the franchisee.
It wasn't all that long ago that companies and families alike could reasonably predict and react to the world around us. Given today's "new normal," predictability and decision-making are relics few can rely on.
Several chains have raised their prices — or closed locations — in response to the wage increase, which has now led to a noticeable decline in foot traffic.
Explore mobile franchising: a flexible, cost-effective business model offering diverse opportunities across industries with potential for high growth and direct customer engagement.
As a small business owner, you're at greater risk of scams due to limited resources. With 96% of US companies targeted yearly, staying sharp is vital to safeguarding your business and finances.
Although the business landscape may be changing rapidly, one thing has remained the same: the need to evolve with it. No one knows what the future holds, but we can better prepare ourselves for whatever it might bring by pursuing a digital transformation in a strategic, methodical way.
Thinking of starting additional businesses alongside your existing ventures? Learn some practical tips for successfully juggling multiple companies from this insightful blog post.
When you develop these negative habits, it can severely impact work performance and, because the behavior has become so routine, you may not even realize the harm you're causing. Here's how to tackle these 5 bad business habits head-on.