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Franchise News Clips

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

01/13/20

JD Supra - Franchise Disclosure Documents - Updates 2020

It’s the time of year when most franchisors start to think about FDD updates. Under the Federal Trade Commission (FTC) Franchise Rule, the FDD must be updated within 120 days after a franchisor’s fiscal yearend. For franchisors with a fiscal year that ends on December 31, that means that the FDD update should be completed on or before April 30…


Los Angeles Times - Column: They signed a contract on a Papa John’s franchise. Then came the founder’s racist remarks

...Papa John’s was riding high back then. It was the official pizza of the NFL, with legions of devotees, when the Youngs signed on in 2017. But the ink was barely dry on their franchise contract when racially offensive remarks by Papa John founder and Chief Executive John Schnatter turned the pizza chain into a national pariah…


The New York Times - The Surprising History of McDonald’s and the Civil Rights Movement

Say the name McDonald’s, and what comes to mind? Tasty hamburgers or hardened arteries? Entry-level jobs or dead-end McJobs? Responsive community outreach or mercenary corporate power? In “Franchise: The Golden Arches in Black America,” Marcia Chatelain has written a smart and capacious history suggesting that McDonald’s should summon all of those thoughts, and then some...


Forbes - Ready To Franchise Your Business? 13 Questions To Ask Yourself

If your business has grown rapidly and found a lot of success, you may have considered franchising your company. This is a major step that can bring a lot of rewards, but it's not without its challenges. Before you make this leap, you'll want to consider all the potential pros and cons of franchising your company, and what it might mean for your existing business model...

01/06/2020

Forbes - Five Bad Practices That Can Kill Franchise Growth

For every solid strategy developed to achieve measured franchise growth, I'd say there are five times as many ill-advised ways to execute it. Franchisors pursuing new development heights must redirect their focus from the end goal of a sale to the process in place to get there — and in doing so, make sure they are avoiding these five common miscues that keep brands from executing on their growth goals…


Forbes - Six Ways Technology Will Transform Franchise Businesses In 2020

Today, franchising moves at the speed of technology. Tech is baked into nearly every part of franchise operations, helping unit owners track trends, train workers, learn, market to customers and make more sales. Franchising use of technology will continue to advance in the coming year, as the space grows ever more sophisticated and competitive. What’s going on behind the scenes in franchising? Here are the top technology trends that will give tech-savvy franchise brands an edge in the coming year...

12/30/2019

New York Law Journal - Franchisors: Have You Responded to New Accounting Rule ASC 606?

...Under ASC 606, a franchisor can now only recognize initial franchise fee revenue pro rata over the term of the franchise. In simple terms, under the old protocol, if a franchisor granted a new franchise for an initial franchise fee of $40,000 and the term of the franchise was 10 years, that franchisor could recognize the entire $40,000 initial fee as revenue as soon as the subject unit opened for business. Under ASC 606, the franchisor can only recognize $4,000 per year as revenue over each of the 10 years of the franchise (except as noted above)...

12/23/2019

Forbes - Looking To Start A Business This Year? Here’s Why Buying A Franchise Could Be The Best Choice

If you’re dreaming of starting a business but you aren’t sure what kind of business to start—or where to even begin—the ideal solution may be to buy a franchise. In fact, Guidant Financial has gone so far as to dub 2019 the “Year of the Franchise” based on trends in its latest Small Business Trends survey. Here’s a closer look at what it found about today’s franchise owners (also called franchisees)...


CBS News - McDonald's labor ruling protects the franchise business model

Champagne bottles are likely popping ahead of the new year at McDonald's corporate headquarters following a big labor win for the fast-food chain and a setback for workers in the gig economy. The National Labor Relations Board ordered the settlement of an Obama-era lawsuit that had attempted to hold McDonald's liable as a "joint employer" for labor violations by its franchisees. The case had threatened the profitability of the franchise model as worker advocacy groups looked to hold parent companies accountable for franchisee behavior...


Forbes - Five Strong Regions For International Franchise Expansion In 2020

For all the talk about how small the world is, it’s probably bigger than you think. That can be helpful to remember for business owners who are franchising. You may feel like a market is oversaturated in, say, New York City or Boise, but there are plenty of places you can take your company where the competition is relatively thin and the consumers could be eager for American brands…


JD Supra - ‘Tis The Season To Launch That Franchise System?

... However, there are a few very important steps we always recommend to clients committed to pursuing franchising before deciding to take the plunge. With 2020 on the horizon, let us provide you with a list of tips to get you ready to launch!...


Forbes - Why Annual Events Are The Perfect Forum For Franchise Owner Mentorship

...In order for a franchise system to grow in step with a brand, information sharing and relationship building is paramount, regardless of what stage a franchise brand is at in its growth trajectory. One of the most tried-and-true means of establishing a forum for this relationship building is through an annual conference or convention. While these events are not new, what your franchisees get out of them certainly can be…


PR Newswire - MFV Expositions Honors "Best Franchisee of the U.S.A." Finalists, Announces Winner

MFV Expositions, the world's largest producers of franchise expos, recently announced the finalists and winner of the "Best Franchisee of the U.S.A" award – part of the Best Franchisee of the World program, a global initiative highlighting franchisees who have used franchising to positively change their lives and/or improve their communities. The award provides franchisors the opportunity to recognize the driving force behind the franchise industry – their franchisees...

12/16/2019

Entrepreneur - What Should Franchises Look for in a Law Firm?

...When you do start considering firms, make sure you choose someone with experience in franchising. Just because you’ve used a lawyer for a lease review or a corporate formation doesn’t mean they know franchise law. And remember: Some lawyers represent both franchisors and franchisees. Find someone who doesn’t just dabble. You want someone whose primary focus is representing and advocating for franchisees…


Milwaukee Business Journal - 3 reasons buying a franchise may be the best move for an entrepreneur

For a budding entrepreneur, buying a franchise can be the first step to turn their business dreams into a successful reality. Franchises offer many benefits. According to John Giglio, president of Freedom Boat Club, which franchises private-membership boat clubs, there are three reasons an entrepreneur should consider choosing a franchise…


Reuters - U.S. Labor Board Approves McDonald's Bid to Settle Case by Franchise Workers

A U.S. labor board on Thursday approved McDonald's Corp's proposed settlement allowing the fast-food company to avoid a ruling on whether it is a “joint employer” of franchise workers and could be made to bargain with unions...

12/09/2019

WSJ - Women Flock to Franchising

Women’s presence in the franchise industry is soaring. As of May, women own or co-own 35% of the franchise outlets in the U.S.—around 265,000—according to the Franchise Business Review research firm. That represents outlet growth of 24% from a decade earlier, and in the two years ended in May, 41% of new franchise outlets opened have been owned or co-owned by women. And in some sectors, such as interior decorating, they far outnumber their male counterparts...


QSR Magazine - How to Improve Franchisee Relationships

...It’s important to build up trust in franchisor-franchisee relationships, especially for chains in the process of adding more franchisee-run units. Improving and maintaining those relationships is crucial for a strong brand, and operators looking to bolster the connection and communication with their franchisees can get the ball rolling by following a few guidelines...

12/02/2019

Forbes - Everything You Need To Look For When Considering Buying A Franchise

Buying a business is more than likely one of the most substantial investments a person will make in their life. All of this is not to say the end result isn’t worth it; rather, investing in a franchise is an excellent way to escape the corporate grind and go into business for yourself, but not necessarily by yourself…


Franchising.com - First Annual Franchise Marketing Report Provides Invaluable Marketing Intel

This new annual report provides franchise consumer marketers with invaluable data and analysis they can use to benchmark their performance against other brands, within both franchising and their industry sector - a resource they can use to improve the effectiveness and ROI of their marketing efforts…


Forbes - Tips And Tricks For Franchisors: How Effective Promotions Can Improve Franchisees' Experience

While there are numerous ways you can keep your franchisees happy and thriving, from offering plenty of support to keeping lines of communication open, I’ve found that one of the most important is helping them grow by bringing in as many customers as possible...

11/25/2019

Entrepreneur - The Hottest Franchise Categories of 2020

Here at Entrepreneur, we've been covering the franchise industry for more than 40 years -- and making predictions about it for just as long. Way back in March 1980, our very first Franchise 500 issue included a story titled "Franchising: Ready for the Eighties," which sought to offer "an incisive look at trends to watch in the Eighties... and predict the shape of franchising to come." Now we continue the tradition set by that article with our annual list looking at the franchise categories we expect to do best in the year ahead…


Entrepreneur - Why Franchises Are Funding Their Employees' Education

…Across the franchise world, her story is becoming common. An increasing number of franchises have started to offer education benefits for full- and part-time employees, ranging from college tuition assistance to English language instruction and high school equivalency programs. And it’s happening because these businesses have discovered something seemingly counterintuitive: Spending money on their employees’ education -- and therefore providing access to opportunities far larger than their current jobs -- isn’t just good for employees. It’s also good for business…


Forbes - Tips From A Franchise Coach: What Does It Take To Be A Franchise Owner?

...Before speaking to franchisors, reviewing a franchise disclosure document (or FDD) or attending a discovery day, there are several important steps that need to be taken to help determine if you're a good fit for franchising. This starting process serves as the foundation for future success, regardless of your final path...

11/18/2019

Franchising.com - Better Data Management Leads to Improved Marketing Results

...One of the most important steps a franchise can make is to understand and take control of their marketing by seeing what is happening clearly across all locations. Finding a centralized platform that is easy to understand and provides dynamic reporting for both individual locations as well as the entire brand is vital…


Franchising.com - Developing a Culture of Growth: 2019 FLDC Draws Nearly 500 to Atlanta

...The sold-out Sponsor Networking Gallery provided plenty of opportunities for attendees to socialize and share the highs and lows of life in the franchise development lane with their peers, as exhibitors and suppliers lined up to help them explore and shop for business solutions, strategies, products, and services to help them grow...


Forbes - Five Secrets To Selling A Franchise

...Put simply, today's franchisees are just like today's consumers: discerning, digitally literate and wary of the hard sell. Given this, below are five secrets for franchisors looking for effective franchise development...