March 11, 2010
Topics:Industries:
|
Your Education Franchise News SourceFranchise News Watch brings you the latest in education franchising news from around the web. As a news aggregator for the education franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Education Franchise News
"Brain Training" Company Ranked #1 on Entrepreneur List LearningRx Tops Entrepreneur's 2010 Child Enrichment Franchise List and Ranks in Franchise 500Entrepreneur has released its 31st Annual franchise lists and LearningRx has not only made the Franchise 500, but also topped the Child Enrichment category.
Primrose Schools Opens Education Training FacilityPrimrose Schools announced today the opening of its new Primrose School of Education, a 22,000-square foot training facility for the franchise owners of its more than 200 schools nationwide. The School of Education opening is part of Primrose... Entrepreneur Magazine Ranks Kumon No. 1 Tutoring FranchiseKumon, the world's largest after-school education company, ranks No. 1 in the tutoring category in Entrepreneur magazine's annual Franchise 500 list for the ninth consecutive year. The company attracts entrepreneurs with a desire to help children...
New Horizons Worldwide Announces Plans to Enter Scandinavia Via New Partnership in SwedenNew Horizons, the world's largest independent I.T. training company, today announced plans to enter the Scandinavia region with a newly formed franchise partnership in the country of Sweden.
Back Creek Christian Academy Wins 2009 "Young Masters" Art ContestTwo young artists from Back Creek Christian Academy have won the premier art contest hosted by Young Masters, a national franchise that showcases children's artwork on lasting keepsakes.
Primrose Schools Makes Franchise Ownership Easier in Tough EconomyTo expedite franchise growth in communities where early childhood education options are limited, Primrose Schools, with more than 200 locations nationwide, announced it has launched two new incentives for prospective franchise candidates in the...
National Art Contest Aims to Foster Love of Art Education in Elementary SchoolsYoung Masters, a national franchise that showcases children's artwork on lasting keepsakes recently launched its first national art contest, giving elementary schools an added incentive to support art education for their students.
Kumon Students Collect Books for CharityAcross the country, thousands of Kumon Math and Reading Center students are collecting new and gently-used children's books for schools and non-profit children's organizations in honor of National Book Month. The public is welcome to join the book... New Horizons Worldwide Celebrates Grand Opening of Flagship Training Center in London CityU.S.-based New Horizons Worldwide proudly announced it was open for business in London and throughout Great Britain with a spectacular grand opening celebration. The new flagship training center, in the heart of the London Business District, represents...
Online Trading Academy Announces the Grand Opening of New Philadelphia LocationOnline Trading Academy will celebrate the Grand Opening of its Philadelphia financial education center this month. Grand Opening events include a special address from Senator Daylin Leach from 3 PM to 7 PM on Thursday, September 24th. He is expected to... Online Trading Academy Announces the Grand Opening of New South Florida LocationOnline Trading Academy will celebrate the opening of its third Florida campus with the Grand Opening of the new Fort Lauderdale financial education center. Grand Opening events include Free Power Trading Workshops on September 10, 11 and 12th, hosted...
New Horizons Reports Second Quarter and Six Months Ended June 30, 2008 ResultsNew Horizons Worldwide, Inc. (Pink Sheets: NEWH) today reported financial results for the second quarter and the six months ended June 30, 2009. Arts After School Bolsters Student Creativity and Academic AchievementAs local parents gear up to prepare their children for a successful 2009-10 school year, ways to foster and reinforce their students' learning are top of mind. Fun, inspiring and educational experiences that positively impact academics can be found in...
Primrose Schools Signs New Franchise Agreement for PearlandPearland will soon be home to a new Primrose School. In addition to offering area families high-quality educational child care, the Pearland private preschool will benefit the community by bringing 25 to 30 new jobs to town, and $2.9 to $4.1 million...
Nationally Accredited Primrose Schools Coming Soon to New JerseyConsistently known as a leader in the child care industry and early childhood education, Primrose Schools, announced plans to open six new schools in the Trenton area in the next four years and has identified key communities as part of the company's... New Business Coaching Company Gets London Businesses in the GameFocalPoint International has announced the launch of its latest resource for business owners and others, in the London area, looking for professional business coaching.
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... KidzArt Announces Expansion into IndonesiaKidzArt, an international children's art enrichment franchise company, today announced the opening of its new master franchisee in Jakarta, Indonesia. In its efforts to continue building its international market, KidzArt's added expansion in Asia is... Nationally Accredited Primrose Schools Coming Soon to ChicagoConsistently known as a leader in the child care industry and early childhood education, Primrose Schools, announced plans to open six new schools in the Chicago market over the next four years and has identified key communities as part of the...
Nationally Accredited Primrose Schools Coming Soon to PhiladelphiaConsistently known as a leader in the child care industry and early childhood education, Primrose Schools, announced plans to open six new schools in the Philadelphia market in the next four years and has identified key communities as part of the company' Fathers Play Key Role in Children's EducationFathers believe helping their children excel in school is one of their primary roles according to a recent survey by Ipsos Public Affairs for Kumon Math and Reading Centers. As America prepares to celebrate Father's Day on June 21st, the survey finds...
|
Features & Special ReportsMeasuring Performance: Multi-unit Franchisees Utilize Unit Economics to Help Run a Tighter ShipMulti-unit franchisee Todd Pulley knows all about measuring unit performance and profitability - even though he had no prior financial background before becoming a franchisee. Over the last 15 years though, he has developed and refined his own system for measuring his unit economics at his four PuroClean locations in New Jersey and Delaware. The effort is paying off. Is it Time for an Operating Cost Audit?: Franchise Tenants Unite!When was the last time you challenged a landlord or property manager about the operating expenses or common area maintenance (CAM) charges? Probably not recently or never, right? To clarify, operating costs are the day-to-day management and maintenance expenses charged to the tenant; examples include asphalt repairs, snow removal, property insurance, and so on. Franchise tenants pay a proportionate share of these costs based on the space they occupy. Therefore, if a franchise tenant occupies 12 percent of a building, he or she will pay for 12 percent of the operating costs. Paying by this said ratio is the industry standard but, of course, there are deviations for special circumstances like free-standing buildings and so on. "Old School" Communication: Cell Phone Texting Builds Customer TrafficConsidering the wide-ranging abilities of today's smartphones, simple text messaging may seem passé, but it's a basic social media tool that's working wonders for Chris Kramolis' franchise operation. He's been using text messages to build business and compile a database of his customers--and he doesn't see any reason to deviate from something that's working. Discovering Oil: Multi-unit Operator Strikes it Rich with Oil Change FranchisesDarrell Lamb remembers toiling away in the heyday of the mid-90s stock market. He was always searching for new investors, and on the lookout for hot investments. One day some of his advisers told him about an opportunity - a chance to invest in the Express Oil Change franchise. He had reason to trust the advisers since they were his uncle, who was president of the company, and his dad, an Alabama optometrist who was always interested in investing in growing ventures. Capital AccessDustin Winkle was a victim of the dot-com crash a few years back. While pondering his next career move, he visited with family members who operated some dry cleaning stores. He liked what he heard and purchased his first Martinizing Dry Cleaners stores six hours away in Yakima, Wash. It was a long commute from his home in Boise, Idaho, but he loved the business. Three years later his family was ready to sell its dry cleaning stores and Winkle was more than happy to buy some units closer to home. Today he operates 10 Martinizing Dry Cleaning stores (and one non-Martinizing unit) in the Boise area. Multi-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.
|
