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Franchise News Clips

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

03/08/21

JD Supra - Women Returning To The Workforce: Tips For New Franchisees

The pandemic has had a disproportionate effect on women, with nearly 3 million women having left the workforce since the start of the pandemic. However, there have been a record number of new business applications filed throughout the country, according to the U.S. Census Bureau…


Forbes - The Ebb And Flow Of Franchising In The Real Estate Industry

When we think of the word "franchise," most of us visualize the same thing: a business in a box, a recipe that, if followed, should lead to success based on historical examples within the organization. Tech, training, tools, marketing and vendor partnerships are just some of the beneficial staples you'd want with a good franchise offering...

02/22/21

Franchise Times - Advice From Franchise Attorneys on Item 19 in a COVID-19 World

Franchisors, whether their system had what’s becoming known as a “COVID bump” or a “COVID slump” in 2020, are starting to prepare their 2021 franchise disclosure documents. What should they consider as they determine what—if any—financial performance data is presented in Item 19? That’s the big question franchise attorneys tackled during a breakout session February 17 as part of the International Franchise Association’s virtual convention…


Forbes - Thinking About A Franchise In 2021? Three Hidden Gems In The Latest Franchise Satisfaction Report

If you are considering taking the entrepreneurial leap in 2021 and going into business for yourself, you may be comparing joining a franchise system to building your own business independently. Even if you are still unsure which of these directions you want to pursue, taking a deep dive into the latest Franchise Business Review Top 200 Franchise Owner Satisfaction Report will provide you with valuable added insights...

02/15/21

CNBC - Franchising industry expects it’s poised to rebound, if Covid is brought under control

After a year marked by business closures, disruptions and unprecedented challenges, the franchising industry is poised to bounce back to pre-pandemic levels by year’s end if Covid-19 is controlled, according to an upcoming report...


Forbes - What PPP Round Two Means For Small Business Franchise Owners

The second Coronavirus relief package came in the nick of time, reopening the Paycheck Protection Plan (PPP) for small businesses. Among the eligible are franchises. While some people equate franchises with big-name, corporate giants, that’s not exactly accurate. Sure, some of the more well-known brands with hundreds of locations have large corporate teams, but each franchise location is still considered a small business and is owned and operated by individuals like your neighbors, family and friends…


Entrepreneur - 3 Reasons to Quit Your Corporate Job and Become a Restaurant Franchisee

Covid-19 has been a stress-test for every facet of restaurant operations. Nearly four in 10 U.S. restaurants are currently closed, and many will close permanently as a result of the pandemic. However, the industry’s setbacks over the past year should serve not as a warning, but as a guiding light. The restaurant franchises that have weathered the storm — those with the strongest customer bases, the best food and the most effective technology — are here to stay…


1851 Franchise News - International Franchise Association Predicts Massive Year For Franchise Sales

The International Franchise Association’s annual economic outlook predicts 2021 will see 26,000 franchise units sold, or a gain of more than 3.5% of total units, according to a report from CNBC. The IFA* partnered with FRANdata to forecast that the industry will see a 10% increase in workers, bringing the industry’s total to 8.3 million workers, mostly across the food, retail and services sectors. ..

12/16/20

Forbes - 5 Key Reasons To Franchise A Restaurant Concept

Suppose you have a proven restaurant concept with a successful business system. Think McDonald's, Panera Bread, Applebee's, or Halal Guys. In that case, your next move may be to open additional locations. Franchising your restaurant and awarding others' the rights to use your brand name, recipes, and procedures is a great way to expand. Why do restaurant owners choose to franchise their business? For the most part, it comes down to capital, time, people, and geography…


JDSupra - Franchising on the Precipice: Unknowns in Transition

Change is coming, but will it be a welcome change or a harbinger of woe? Over the last 8 years or so, the ever-changing landscape of employment laws has arguably posed an existential threat to franchising. The franchise business model may not make sense if franchisors are legally defined as the employers of their franchisees or joint employers of their franchisees’ employees. But what is an “employee” and who is a “joint employer?”...

12/04/20

Forbes - Business Ownership: Deciding If Franchising Is The Best Route For You

Currently, there are more than 30 million small business owners in the U.S., and of those, nearly 800,000 are owned franchise businesses. Although franchise owners are considered small businesses, they have a lot of advantages that go-it-alone company startups do not share. There is sometimes a substantial investment upfront to invest in a franchise; however, the benefits are numerous. ..


Entrepreneur - Focus on These KPIs for Franchise Success

Humans need to feel that they’re growing. It’s not enough to be. You must do. And you need ways to measure your progress so that you can know what you’re doing is working for your franchise business. When you’re not sure how to measure what you’re doing, you compare yourself to others, even though the information you get as a result may be misleading. One solution for this is to look at different gauges. Let’s look at some of the most important metrics you should consider…


Forbes - Why Franchising Is A Logical Career Path For Veterans

For those who have served their country and are trying to determine their career path after the military, franchising presents a great option. Veterans make excellent franchise owners, and many franchisors have programs designed to help them purchase their own franchises…


Entrepreneur - Busting the Myths of Franchising

I meet a lot of franchisees. I ask the best ones why they’re successful. I see who they are and what they do. Then I talk to the struggling franchisees and ask them what they believe their high-performing counterparts have going for them. Often there’s a huge disconnect. I also talk with the franchisors. They have a wider perspective, as they see the results over a wide field of franchisees running the same operations. They also tell me about the misperceptions many franchisees have about their top performers. Let’s explore the most common ones.

11/16/20

Bloomberg Law - Franchise Groups Plan to Sue Over California Gig Worker Law

California’s rigid worker classification standard threatens relationships between franchise owners and their brands, business groups said in announcing the latest legal challenge to the state’s controversial Assembly Bill 5. The International Franchise Association, along with several other groups and companies such as the Asian American Hotel Owners Association, Dunkin’ Donuts, and Supercuts, said they will file a lawsuit Tuesday in the U.S. District Court for the Southern District of California, in San Diego...


Restaurant Business - Federal Regulators Examine Franchise Rules Amid Debate on their Effectiveness

Earlier this month, the Federal Trade Commission kicked off what could be a long process to change its franchise rule, the set of regulations required of any company that sells a franchise. How much it should change will be a matter of considerable debate, with critics suggesting that the rules do a poor job keeping bad franchises from preying on unsuspecting investors, while others say the system has generally worked well in the decade since the rule was last changed...

11/09/20

Southern Colorado Local - An economic impact; New study says Veterans are more likely to be self-employed

As we approach Veterans day News5 is highlighting the impact our men and women in uniform have made abroad and at home. The Small Business Administration says, veterans are 45 percent more likely to be self-employed than non-veterans, and we met one local veteran who is part of that number…


Entrepreneur - 10-Step Roadmap to Franchising Success

You’re intimately familiar with your starting point – the business you’ve nurtured and grown. You understand your destination – successful franchises around the country or around the world. You have the passion and the proof of concept, but you don’t have the roadmap to move from point A to point B. You’re not alone. Most business owners looking to expand into franchising are both anxious and excited, unsure and confident. It helps to learn from those who have traveled the road on which you’re about to embark, both to avoid the potholes and to recognize the markers that lead to success...

10/26/20

Franchise Times - Franchisee Liquidity Is One Link to Successful Franchise Development

As the saying goes, “franchising is simple, as long as franchisees are making money.” However, in some systems, it may seem easier to sell franchises than to actually get them open and profitable—and then to keep them profitable. That’s a recipe either for excessive “sold not open” numbers or the stall-out scenario I wrote about in October’s FT...


Grand Rapids Business Journal - Franchising on the rise

While the economy is down and unemployment is at an all-time high, the franchising industry saw a bump in activity with people wanting to take more control of their future. FranNet’s franchising consultant for Grand Rapids, Kalamazoo and Battle Creek, Brigitte Betser, said franchise owners stepped up in the early months of the pandemic to help their franchisees navigate the uncertain climate...

09/28/20

QSR Magazine - 4 Big Marketing Challenges Facing Restaurants in a COVID World

...In this article I’ll identify four key marketing challenges restaurant and quick-service brands are facing in the new COVID-19 world and look at the best strategic solutions through a technology and local-data focused lens…


Forbes - Considering A Career Change At 60? Franchising Could Be A Great Bet

Not too long ago, most folks would never have considered a career change at 60. In the home stretch of their working lives, the average 60-year-old from previous decades was looking forward to spending more time relaxing — not ramping up a new career. But times have changed, and people in their 60s have as well. They are healthier and living longer. In a lot of ways, you might say that 60 is the new 40...