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Franchise News Clips

A curated list of franchise-related news articles by the FranchiseHelp team

09/08/20

Business News Daily - Franchise Agreement Best Practices

Franchise agreements are important and necessary legal contracts between the franchisor and the person interested in opening a franchise. According to federal law, these multiyear arrangements must include key provisions, including a fee schedule and the use of a trademark or trade name, to be considered proper franchise agreements. While franchise agreements are relatively standard, with the right legal advice, you can negotiate terms. This article is for people who are interested in opening a franchise of an established business…


PR Newswire - FranFunnel Voted a Top Franchise Supplier By Entrepreneur Magazine

FranFunnel, the franchise industry's preeminent messaging platform for franchise development professionals, has been voted a top supplier in Entrepreneur Magazine's Top Franchise Suppliers list…


QSR Magazine - The ‘Joint Employer’ Saga Resurfaces for Franchisors

...In his opinion, U.S. District Court Judge Gregory Woods said the rule conflicted with the FLSA and referred to it as “arbitrary and capricious.” He also wrote that the department didn’t adequately justify its departure from its prior interpretations and account for costs...

09/01/20

Boss Magazine - The recession might be a great time to start a franchise

It seems counterintuitive, but this economic recession might be the optimal time to get into franchising. As Australian entrepreneur and founder of Universal Business School Sydney Alan Manly puts it, “Some of the biggest companies in the world—including Microsoft—were set up during recessions. Recessions seem to be when very successful companies take off. Companies that were set up in boom times have a shorter expected life span than companies that were set up in recessions. I would guess that looks back to the culture of the people who are setting up. It’s desperate times—everything is lean and mean and you have to be razor-sharp and nimble to get around. Whereas when it’s a boom market almost anyone can make a go of it.”...


Business News Daily - Ultimate Guide to Business Franchising

Franchising is a great way to start a business, but before you decide to spend the thousands of dollars needed to buy one, you must do your due diligence. It is critical to understand what a franchise is and how it differs from a chain. Owning a franchise does not work the same way as a business that comes from an original idea you have...

08/21/20

Business.com - Achieving the Ideal Franchisor-Franchisee Relationship

People have compared the franchisee-franchisor arrangement to many different kinds of relationships, including marriages, teacher-student affiliations, or even parent-child bonds. Just like with any with partnership, it takes effort from both sides to make it work...


Small Business Trends - 8 Hurdles to Clear Before Buying a Franchise Business

If you’ve ever been interested in owning your own business, you may have felt intimidated at the prospect of designing an entire company from scratch. Being an entrepreneur is always hard, but it’s even harder if you’re hard-pressed to come up with an original business idea…


Small Business Trends - What is a Franchise Fee and How Much Will I Owe?

A franchise fee is what a prospective franchisee owes to the franchisor for the rights to use the franchise brand and franchise system. Typically the franchise fee refers to a one-time payment paid in the beginning of the relationship. But there are also ongoing franchise fees...

08/03/20

Forbes - Franchise Versus Startup: When Having A Template In Place Works

...A lot of ink has been spilled praising the wonders of the franchise business model. However, if you’re new to franchising, you may not be up to speed on why franchising is so popular. If you’ve been debating whether to start something on your own or buy a franchise, I thought I’d put forth an argument for why having a template works...


Entrepreneur - How to Scale Your Training with Video and Learning Management Systems

One of the key benefits of owning a franchise has always been the ability to scale up faster and more efficiently than one could do on their own. Franchisors typically include certain resources and tools to help franchise owners get on the fast track by avoiding costly mistakes and implementing systems to grow. These include, among other things, a robust training program that first educates the new franchise owners on how to run the business and systems for training staff members so the franchisee can grow the business, expand and make more money...

06/29/20

New York Law Journal - New Guidance Issued for Post-Covid Franchise Financial Performance Disclosures

In response to what it perceived as the significant impact the COVID-19 pandemic has had on many franchise businesses, on June 17, the North American Securities Administrators Association (NASAA) Franchise and Business Opportunities Project Group—the quasigovernmental organization of federal and state franchise regulators that coordinates regulatory policy nationwide—issued guidance...


QSR Magazine - Why the Current Market is Ripe for Franchise Growth

During a unique time such as this, entrepreneurs and employees alike are considering their next business plans, and how to best be successful in the future. Fortunately for those who are ready to take the next step, history demonstrates a positive outlook as entrepreneurs are often born after a recession or major historical event...


The Hustle - The house servant who pioneered the franchising business model

Ray Kroc is often credited as the “father” of the franchising business model. But 60 years before McDonald’s, a woman named Martha Matilda Harper built her own formidable franchise of hair salons — the first of its kind in the US — and trained hundreds of underprivileged women to run their own businesses...

06/22/20

Entrepreneur - 5 Ways to Find the Most Profitable Franchises for You

Entrepreneur takes great pride in its Franchise 500 rankings. We’ve ranked the best franchises in the U.S. for more than 40 years, focusing on five primary categories: costs and fees, support, size and growth, brand strength and financial strength and stability. You can read here how Dunkin’ took home top honors in 2020 and check out our top 20 franchises, but that doesn’t mean investing in a Dunkin’ — or any of the other top franchises — is the most profitable choice for you...


QSR Magazine - Communication Leads Franchisees through Crisis Times

It’s safe to say that this spring was the worst period American restaurants have ever faced. The coronavirus pandemic was the type of scenario no one could have envisioned, unfolding one nightmarish day at a time. The crisis also exposed which franchises had an efficient line of communication throughout their brands to, at the very least, help themselves and their franchisees weather the storm...


Forbes - How To Invest In A Franchise During The Pandemic

The thought of launching a business at any time can be daunting. But in the wake of a worldwide pandemic, it may seem downright terrifying. The uncertainty around COVID-19 has frozen some people into inaction, while others are making bold moves. One of my favorite quotes by T.S. Eliot says it all: “Only those who will risk going too far can possibly find out how far one can go.” As an entrepreneur, I live with risk, and I always see possibility. The reason I have been drawn to franchising is that the risk is calculated, and the opportunities are plentiful...

06/15/20

Forbes - Want To Become A Franchise? 15 Important Things To Consider First

When your business is successful and growing, the idea of franchising can be incredibly enticing. After all, it's an easy way to expand your company's presence while leveraging the passion and drive of aspiring entrepreneurs who want to manage their own location. However, it's important to think through this decision and determine whether becoming a franchise is right for your business at this time…


Forbes - When Should Entrepreneurs Think About Franchising As An Option?

As you progress in your entrepreneurial journey, you’ll begin to think of new ways to branch out and stretch your limits. Diversifying your investment portfolio helps you maximize returns and minimize risks. Entrepreneurship is one way that bold businessmen and women take the plunge into diversification and career advancement. But there’s another option to consider: franchising...

06/01/20

JD Supra - Indiana Franchise Compliance Alert: Changes Ahead

Indiana issued a compliance alert covering four updates to the Indiana franchise laws to take effect on July 1, 2020. The changes (i) add a duty to update FDD within 30 days of a material change (ii) grant the ability to select specific annual registration termination dates, (iii) clarify the exemption coverage; and (iv) clarify that franchise fees are non-refundable…


National Law Review - Key Legal Considerations For Franchised Businesses Reopening During COVID-19

With businesses reopening throughout the country comes the realization that "business as usual" is no longer the norm in the era of COVID-19. What are some of the key legal considerations as franchised businesses reopen?


Forbes - How Franchise Brands Are Adapting Their Operations And Planning For The Future

Businesses across the globe are fighting for their survival during the current COVID-19 crisis. In virtually every industry, the businesses that survive will have to change the way that they operate and interact with consumers. They say necessity is the mother of invention, and Coronavirus has undoubtedly forced many businesses around the world to rethink operations. For franchise brands in particular, success will require franchisors to support franchisees and customers by pivoting their business models to better suit the changing marketplace...

05/25/20

Forbes - How Can Franchise Brands Find Consistency As We Enter The Recovery Phase Of COVID-19?

Franchise owners face a difficult dilemma as the country re-opens: As local, state and federal levels dictate different rules, owners with stores in multiple jurisdictions are having trouble relaying a consistent message to their employees. The International Franchise Association (IFA) has organized tasks forces across a range of franchise brands to gather information and recommendations that will be delivered to the White House and Congress. I spoke with Matt Haller, IFA’s senior vice president of government relations and public affairs, on these recommendations, as well as what can be done to help franchise owners and their employees meet unique consumer needs in their markets…


Entrepreneur - Why Every Franchise Should Pivot Right Now

Amidst the chaos of our world right now, our instinct may be to hunker down, wait it out, and weather the storm — essentially, hit pause. But for business owners, and especially franchisors who have an entire network of partners to consider, hitting pause is the worst move to make. Now’s the time to keep swimming to stay alive...