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Franchise News Clips

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

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...

05/18/20

Small Business Trends - Pros and Cons of Franchising (As a Buyer)

Buying a franchise is potentially a very profitable way of owning your own business. The franchisor can’t guarantee the franchise business owner will be successful. But studies of the franchise business model have proven franchisees are more likely to be successful than if they had started a business on their own...

05/11/20

JD Supra - Post-COVID Opportunities and Legal Considerations to Franchise Resale

...While this ongoing crisis is causing hardship all around, franchise systems will eventually recover. This will undoubtedly present opportunities for existing and prospective franchisees interested in buying or selling franchise units amidst recovery from this difficult period…


Forbes - Reopening For Business: Opportunities For Franchisors And Franchisees As They Lead The Comeback

...Franchisors are keenly aware of these challenges, and have the opportunity to provide critical leadership, support, communication and information to help franchisees navigate this changing environment. Here are some of the key issues for franchisors when helping franchisees reopen – some may call it making a comeback…


Entrepreneur - What Will Franchising Look Like After the Recession?

In franchising, most companies know how to prepare for seasonality, employee turnover and economic downturns. But no franchise systems have had to face the breadth and depth of the economic impacts of our current and uncertain times. The good news? Franchise sales will rebound eventually, and given an extended, months-long lead-to-sale timeframe, franchisors can start preparing their organizations and ramping up their lead generation efforts right now...

05/04/20

Entrepreneur - Creative and Practical Steps for Franchises to Survive the COVID-19 Crisis

...Challenging as these times are, there are several concrete steps that franchise owners can take to help survive the current environment. For starters, right now is a great time for franchisees to go through their P&L statement with a fine-tooth comb and look for any non-essential services that they don’t need or can cut…


Forbes - Five Positive Impacts The Pandemic Has Had On Franchising

With nearly a million franchise establishments in the U.S., COVID-19’s impact on franchising has been huge, and not just in negative ways. Franchising has already seen many positives come out of the crisis. Optimists by nature, franchise leaders have moved mountains in record time to keep their businesses alive and to support their franchisees. Many have innovated and discovered better ways of doing things. New concepts and ideas have emerged. The franchise community has stood up to help each other and the heroes on the front lines. In the coming months, we will surely see even more positive changes, but the following have already become clear...

04/20/20

PR Newswire - The International Franchise Expo Goes Online, Announces Live Virtual Show May 28-30

In addition to announcing rescheduled dates for the highly anticipated International Franchise Expo (IFE) now set to take place October 1-3 at the Javits Center in New York City, IFE is unveiling its first-ever virtual, online event May 28-30 in an effort bring together the world's franchise community amid COVID-19...


Entrepreneur - Buying a Franchise Post-Pandemic

...The economy needs commerce, and workers need jobs. Franchise ownership is a big part of that. As an industry that typically employs more than nine million people in the U.S. alone, we need franchise businesses up and running as quickly as possible...

04/13/20

Forbes - How To Avoid Buying The Wrong Franchise

...Just like with real estate agents, the franchise consultant's services are free to franchise buyers. Franchisors happily pay the consultant's commission for delivering the best-suited candidates. Here are five tips to help franchise buyers make the right choice, and how an expert can help...


Forbes - Which Types Of Coronavirus Relief Can My Small Business Get?

Small business owners, help is on the way—though the process of applying for funding may not be smooth. There are now several new temporary relief options aimed at helping small businesses push through the current economic headwinds caused by the coronavirus...

04/06/20

Entrepreneur - In Times of Uncertainty, Look for These 4 Signs of Stability in a Franchise

You can’t predict the next recession or natural disaster. But the good news is, as a prospective business owner, you do have some control—there are specific things you can look for in your next business venture that signify stability, starting with a franchise and choosing one that’s ready to withstand almost anything…


PR Newswire - National FranConnect Survey Shows 65% of Franchisors Continue Proactive Franchise Sales Efforts Despite COVID-19 Crisis

In a March 2020 online survey, FranConnect, the leading provider of franchise management platform solutions, found approximately two-thirds of franchisors are actively moving forward with franchise sales efforts despite the paralyzing impact of the COVID-19 crisis in anticipation of an influx of Americans looking for business opportunities as unemployment soars…


Vox - The stimulus’s $349 billion program to pay workers at struggling small businesses, explained

...But bigger than either of those programs in dollar terms is the Paycheck Protection Program (PPP) the stimulus package creates. That program, costing about $349 billion, offers loan guarantees for small businesses, offered through the Small Business Administration (SBA) and its partner banks…


Forbes - UPDATED: Franchise Registration States Accommodate An Industry Impacted By Coronavirus

...In response to this monumental disruption to business, a several states have already begun releasing updated guidelines for franchise registrations and renewals in the hopes to mitigate the impact that this pandemic has had on franchisors. These new policies include the pushback of some deadlines and changes to the form of application submissions to the state. Below we have listed the new policies put into effect as of April 2, 2020...