March 10, 2010
Topics:Industries:
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Your Children's Franchise Personnel News SourceFranchise News Watch brings you the latest in children's franchising personnel news from around the web. As a news aggregator for the children's franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Children's Franchise Personnel NewsGoddard Systems, Inc. Appoints Joseph Schumacher as Chief Executive OfficerGoddard Systems, Inc., named the number one child care franchise company for the eighth year in a row by Entrepreneur magazine, announced today that Joseph Schumacher has been appointed Chief Executive Officer, effective January 1, 2010. He succeeds... Kumon Promotes Hideki Kusuzawa to President of North AmericaKumon, the world's largest after-school education company, promotes Hideki Kusuzawa to president of Kumon North America. Mr. Kusuzawa is responsible for overseeing operations of 1,600 franchises in the United States, Canada and Mexico and more than... Homewatch CareGivers Appoints Trey Malicoat to VP of CommunicationsHomewatch CareGivers, the largest, most experienced international provider of full-service in-home care, announced that Trey Malicoat has joined the company as Vice President of Communications. Malicoat is responsible for all marketing and PR... Chuck E. Cheese's Announces New Senior Vice President, Chief Operating Officer of International DevelopmentCEC Entertainment, Inc. (NYSE: CEC) today announced the appointment of Michael Beacham as Senior Vice President-Chief Operating Officer of International Development. Beacham is responsible for directing the company's growth internationally as well as... CEC Entertainment Announces Executive PromotionsThe Board of Directors of CEC Entertainment, Inc. (NYSE: CEC) today announced that President Michael H. Magusiak will become Chief Executive Officer and President of the Company effective December 29, 2008. Richard M. Frank, currently Chairman and... Primrose Schools(R) Expands Senior Management Team with New COO; Continues Franchise Growth Momentum with Opening of 200th SchoolPrimrose Schools, the nation's leader in high quality educational child care, announced today that it has recruited Darin Harris, a respected industry veteran with an extensive career in franchise executive management for well-known, national brands... Gap Inc. Names Tom Wyatt President Of Old NavyGap Inc. announced today that Tom Wyatt has been named president of its Old Navy division, effective immediately. Pump It Up Expands Management Team Following Merger with BounceUPump It Up, the nation's largest franchise of interactive, indoor inflatable playgrounds for private parties, announced today that it has added two highly experienced franchising executives to its management team, including a Vice President of... i9 Sports Adds Key Positions To Support Franchise GrowthAt a time when corporate downsizing is the trend, i9 Sports(R) announces the addition of several members to its staff to support the rapid growth in the number of franchises nationwide... Build-A-Bear Workshop, Inc. Names Eric Fencl General CounselBuild-A-Bear Workshop, Inc. (NYSE: BBW), an interactive entertainment retailer of customized stuffed animals, today announced that it has appointed Eric Fencl as general counsel, effective immediately. Retired Four-Star U.S. Army General Tommy Franks Appointed to CEC Entertainment, Inc. Board of DirectorsCEC Entertainment, Inc. announced today that retired four-star U.S. Army General Tommy Franks has been elected to its board of directors effective March 26, 2008. Gap Inc. Announces Departure Of Chief Legal And Administrative Officer Lauri Shanahan This SpringGap Inc. (NYSE: GPS) today announced that chief legal and administrative officer Lauri Shanahan plans to leave the company after a transition period, effective March 31. Gap Inc. Names Sabrina Simmons To Position Of Chief Financial OfficerGap Inc. (NYSE: GPS) today announced Sabrina Simmons, the company's executive vice president of corporate finance and acting chief financial officer, has been promoted to the position of chief financial officer, effective immediately. The Little Gym International Names Dickison VP of Marketing and Brand ManagementPaul Dickison, an Orange Park, Fla.-based franchisee of The Little Gym International (TLGI), has been appointed Vice President of Marketing and Brand Management for the international chain of gyms, reporting to Senior Vice President of Franchise... JumpBunch Hires New Chief Operating OfficerJumpBunch, Inc., a provider of sports and fitness programs for young children, has hired Heather Wheelock as Chief Operating Officer, effective January 2, 2008. Top Producing Franchisee for DIGIKIDS® Child ID Safety Service Chosen to Direct Training and SupportJerry Patrick who with his wife Chris continue to lead one of the top five producing franchisees for DIGIKIDS®, the national child identity safety service, has been named Director of Training and Support for the organization, announced Michael J... KidzArt Announces New Vice President of Franchise Service and DevelopmentKidzArt, a national art education franchise organization, today announced the appointment of Sue Bartman as a key component of the company's plan to strengthen its position as a leader in the marketplace. Nurse Next Door Signs Hyper-Growth Expert, Cameron HeroldJohn DeHart and Ken Sim, co-founders of Western Canada's largest senior care provider, Nurse Next Door, announced today the addition of hyper-growth expert, Cameron Herold. |
Features & Special ReportsMulti-Tasking: What It Takes To Be A Successful Multi-Unit FranchiseeTwenty years ago, franchising meant buying the rights to and opening a single unit or business. But a changing trend has taken hold during the last two decades. Today, it's not uncommon for a single franchise operator to have 5, 6, or even dozens of units. FRANdata research notes the number of multi-unit operators now tops 34,000, and those operators control more than 155,000 franchised units in the U.S. It's a growth strategy that has proven effective but it should be approached with caution. Multi-unit operators are generally wired differently then their single-unit counterparts. Successful multi-unit operators are typically experienced, skilled, professional business executives who have chosen franchising as their business model. They possess the skills, training, capital, infrastructure, and vision to operate numerous units and have the ability to continue adding units to their portfolio--without stressing their organization or their stomach. Episode 006: The Benefits of a Franchise ModelFranchising provides benefits for both seller and buyer. For franchisors, the primary benefit is the ability to use other people's money to expand the brand more rapidly than they could either on their own or through investors or lenders. The initial franchise fee and ongoing royalties they collect allow franchisors to build their brand without sacrificing control to outsiders or the pressure of repaying lenders. Measure for Measure: Unit Economics Plays a Leading Role on Today's Economic StageThe most fundamental business strategy calls for black numbers on the bottom line. In simplest terms, it's proof the business is generating more cash than it is spending. All too often, though, entrepreneurs get involved in businesses without employing a proper system to help them keep a watchful eye on what they're earning and what they're spending. Managing day-to-day operations can be so time-consuming that it leaves little room for financial analysis. Or perhaps key individuals lack a basic understanding of how to read and interpret financial statements. Combine these factors with the down economy, and you'll likely wind up with a troubled business. Service Based Franchising: Where the Action IsLast week we ended our discussion of service concepts with the point that many of these businesses are based on customers making the choice to trade money (surplus) for time (deficit). The example we used was maid services, where time-starved customers spend money to buy time they can spend with their family and friends. Other examples of businesses built on services that customers could perform themselves but choose to pay someone else for include lawn and landscaping services, residential painting, oil change, and installation of home entertainment systems. Seven Steps to Fiscal Fitness: A "Fiscal Physical" Will Help Your Business Survive, Grow, and ProsperIn the few minutes it takes you to read this article, 40 businesses across the nation will fail--and that statistic was [i]before[/i] the economic downturn of the last 24 months. Tragic? Yes. Remarkable? Not at all. The road to business success is littered with the skeletons of companies whose owners--mostly brilliant and skilled individuals--failed to "take care of business" in the financial management of their enterprise. Service Based Franchising: What Franchisors WantWhen you first consider franchising as a business model, one of the choices that arises is which type of business, in which sector, suits you best. One basic choice is to make is goods or service; another is retail or home-based. In previous months, we've explored ways to find the sector, and the franchisor, most likely to give you the best chance of success. More recently, in the previous four weeks, we've discussed the attributes franchisors look for in franchise candidates in the retail sector and in the home-based sector. Here we apply the same lens to the services sector. Let's begin with the similarities. All franchisors want candidates who follow the system, pay royalties on time, possess marketing skills and savvy, know how to run a business, show leadership and growth potential, are good communicators, and are expansion-minded, community-oriented, and willing to give back to the system. Franchisors look for these skills whether you choose a service, retail, B2B, or other concept. Margaritas Mix: Franchise Veterans get on Board for Franchise LaunchThe south-of-the-border spirit of great Mexican food and authentic art could soon spread throughout New England and beyond, thanks to a new franchising and area development agreement rolled out by Margaritas Mexican Restaurant. The Winner's ColumnAs savvy franchise companies continue to flourish in this challenging economy, FUSR will bring you good news each month, highlighting brands that are adding units, increasing comp store sales, striking deals with investors, and continuing to grow despite the economy - maybe even because of it. And, as the U.S. struggles through its "jobless recovery," growth-oriented franchisors continue to look overseas for expansion opportunities. How To Work Franchise Trade Shows, Part 3: Quick Tips For Greater Success - And What To Do After The ShowThis last installment of a three-part series provides quick tips for greater success at the show, and the final ingredient for making the most of your trade show spend: what to do after you get back to the office to increase your franchise sales. Franchisors: Spread the Word on Tax CreditsThere are three essential areas of focus in a successful business: operations, sales, and financials. For the purpose of this discussion, let's assume you have a well-run operation and are doing as good a job as possible to maintain or increase sales. For most businesses, the easiest and most fun parts of the business are running it and having lots of happy and repeat customers.
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