September 03, 2010
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Your Financial Services Franchise Personnel News SourceFranchise News Watch brings you the latest in financial services franchising personnel news from around the web. As a news aggregator for the financial services franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Financial Services Franchise Personnel NewsProfessional One Names Waller VP of OperationsProfessional One Franchising, LLC, a Plymouth, Michigan-based real estate franchisor, today announced the hiring of Todd B. Waller as Vice President of Operations. Waller's more relevant credentials are as follows... Professional One Names Wines Managing DirectorProfessional One Franchising, LLC, a Plymouth, MI-based real estate franchisor, today announced the promotion of Brian Wines, MBA to the position of Managing Director of Southeast Michigan Office Operations. Wines' credentials are as follows... Roni Deutch Hires Executive Vice-President of Franchise Sales & Development for the Roni Deutch Tax CenterRoni Deutch Tax Center has hired Matthew Ritchie, a long-time attorney of Roni's Law Firm, Roni Lynn Deutch, A Professional Tax Corporation, as Executive Vice-President of Franchise Sales & Business Development to spearhead new business development... Bookkeeping Express Bolsters Advisory BoardBookkeeping Express, the first U.S. franchise focused solely on bookkeeping services, announced today that Keith Mueller has joined the company's Advisory Board and has invested in Bookkeeping Express Enterprises. As a member of the company's Advisory...
Jackson Hewitt Chief Operating Officer to Leave CompanyJackson Hewitt Tax Service Inc. ("Jackson Hewitt") (NYSE: JTX) announced today that Mark Heimbouch will be resigning from his role as Chief Operating Officer of Jackson Hewitt, effective November 3, to pursue a new career opportunity. Brooke Capital Moves Executive Team to Phillipsburg CampusRobert Orr, chairman and chief executive officer of Brooke Capital Corporation (AMEX: BCP), today announced the appointments of Michael Hess as president and Nick Rhodes as executive vice president of Brooke Capital.
Brooke Corporation Announces Management ChangesRobert D. Orr, Chairman and founder of Brooke Corporation (Nasdaq: BXXX) announced the appointment of Leland Orr as President and CEO of Brooke Corporation as of March 11, 2008 to replace Keith Bouchey, who will resign as President and CEO of Brooke Corpo Brooke Capital Corporation Elects James Zuhlke Executive Vice PresidentBrooke Capital Corporation (AMEX: BCP) today announced the election of James R. Zuhlke as executive vice president for insurance company operations. Bear Stearns Names Alan D. Schwartz Chief Executive Officer, Succeeding James E. Cayne, Who Remains ChairmanThe Bear Stearns Companies Inc. (NYSE:BSC) announced today that James E. Cayne has informed the board of directors of his desire to step down as chief executive officer, effective immediately. Bear Stearns Names Alan D. Schwartz Chief Executive Officer, Succeeding James E. Cayne, Who Remains ChairmanThe Bear Stearns Companies Inc. (NYSE:BSC) announced today that James E. Cayne has informed the board of directors of his desire to step down as chief executive officer, effective immediately. Bear Stearns Hires Experts In Educational FinanceBear Stearns announced today that Richard L. Allen and David M. Kahn will join the firm as managing directors in public finance, responsible for arranging financing for local school districts in the State of Michigan. Vijay Chopra Joins Bear Stearns Asset Management's Active Country Equity Investment Strategy TeamBear Stearns Asset Management Inc. (BSAM) today announced that Vijay Chopra, PhD, CFA, has joined the Active Country Equity team as a Managing Director. Bear Stearns Hires Lee Stettner as Global Head of Equity Capital MarketsBear, Stearns & Co. Inc. announced today that Lee Stettner will join the firm as a senior managing director and global head of Equity Capital Markets. Bear Stearns Hires New Co-Heads of Fixed Income Sales in JapanBear Stearns today announced the appointment of industry veterans Takashi Hatta and Kotaro Fukudome as senior managing directors and Co-heads of Fixed Income Sales in Japan, further strengthening the management team of the firm's growing Japanese... Bear Stearns Makes Two Key Appointments in Structured Equity ProductsBear, Stearns International Limited today announced that it has made two senior additions to its London-based European structured equity products team. Bear Stearns Appoints Jenny Miller Head of Portfolio Trading Sales For EuropeBear, Stearns International Limited today announced that it has appointed Jenny Miller as a senior managing director and Head of Portfolio Trading Sales, Europe. Bear Stearns Announces Key Additions to Prime Brokerage Sales ForceBear, Stearns & Co. Inc., a leader in prime brokerage services, today announced three recent hires as part of an ongoing expansion of its global prime brokerage franchise. Former UMB Financial Corp. Regional President named National Sales Manager of The Mutual Fund Store(TM)The Mutual Fund Store™ today announced the hiring of Bryan Clark as national sales manager to spearhead the firm's client retention and asset accumulation objectives. Brooke Corporation Expands Executive RanksRobert D. Orr, chairman and founder of Brooke Corporation (NASDAQ: BXXX) announced the appointment of Keith Bouchey as director, president and CEO of Brooke Corporation effective Oct. 1, 2007. Bear Stearns Hires Top-Ranked ABS and MBS Research AnalystBear, Stearns & Co. Inc. announced today it has hired renowned research analyst Peter DiMartino as senior managing director and asset-backed and mortgage credit strategist. Stuart J. Birdt Joins the Bear Stearns Global Emerging Markets Equity Research TeamBear, Stearns & Co. Inc. today announced that Stuart J. Birdt has joined the Global Emerging Markets (GEM) Equity Research team to cover the telecommunications sector. John Moore Appointed As CEO Of Bear Stearns AsiaThe Bear Stearns Companies Inc. today announced the appointment of John Moore as chief executive officer for its businesses in Asia, responsible for overseeing the Firm's continued expansion across the region and the growth of existing and new business... Bear Stearns Announces Management Changeshe Bear Stearns Companies Inc. (NYSE: BSC) announced today that, effective immediately, Alan D. Schwartz has been named the company's sole president, and Samuel L. Molinaro, Jr. will become chief operating officer in addition to his current duties as... Bear Stearns Appoints Haruhiko Masuda As Head Of Investment Banking JapanBear Stearns (Japan), Ltd. today announced that it has appointed Haruhiko Masuda as Senior Managing Director, Head of Investment Banking Japan. Bear Stearns Hires Wilfredo Ortiz to Cover Latin American Metals and Mining SectorBear, Stearns & Co. Inc. today announced that it has hired Wilfredo Ortiz as an equity research analyst in the Global Emerging Markets (GEM) Equity Research team. Mr. Ortiz will join Bear Stearns in August as a managing director to cover Latin America |
Features & Special ReportsFranchising With Family Members Can Be Fraught With Danger Or Filled With SuccessIt can be difficult enough to get a franchise up and running on your own, or with other operational and investing partners, but it can be downright arduous if family members are involved in the deal. But that's the route some franchisees take and when done properly this management model can provide years of personal and professional harmony. But there are some secrets to making it work. Go in unprepared and you could break up a business and a family. The Winner's ColumnAs savvy franchise companies continue to flourish in this challenging economy, FUSR will continue to 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. Sales Intelligence for Superior Performance, Part 2Aggressive growth companies measure the performance of their sales personnel just as they do their advertising. With high recruitment expenses you can't afford mediocre selling performance, which costs dearly in lost franchise deals. A policyholder survey by Prudential Insurance revealed that the greatest influencing factor in the buying process is the sales person. Turning Around Struggling FranchiseesTwo years of tight credit and reduced consumer spending have left many franchisees reeling and put a serious crimp in franchisors' royalty streams. Workout professionals and bankruptcy attorneys experienced in franchising discuss what franchisors can do to help turn around distressed units - without spending scarce funds or getting themselves into legal hot water. New Gift Card Regulations Kicked in August 22ndLast year when President Obama signed the Credit Card Act of 2009 (the Act") into law, the nation's attention largely focused on those provisions of the law that aim to change the way credit card companies do business with consumers. However, since the Act imposes requirements on gift card issuers, it also changed the way many retailers and franchise companies will do business with consumers. Strong Cultures Sell More Franchises!Every franchise organization has a culture, the same way every person has a personality. If your franchise brand is serious about growth and development, ask yourself these two questions: 1) Does our franchise system have a strong, positive culture?; and 2) Is it a culture that promotes selling franchises? Special Operations: Franchising in a Strange LandOpening franchise units in nontraditional locations has been the domain of specialists--but not anymore. With the economy still slumping, lending still tight, and suburban expansion at a standstill, many multi-unit franchisees are exploring the viability of sites such as airports, hotels, colleges, senior centers, highway rest stops, hospitals, and military bases. Rolling with the Punches: Franchisors Continue Adapting to ChangeThe rules and methods for franchise sales are changing daily with the general public's increasing awareness of the economy, deficits, lending, the housing market, and more. As some of us "graybeards" can remember, this isn't the first time the rules have changed--and it won't be the last. Change on the HorizonJust like any business, the franchising business is one that I have seen evolve tremendously over the past 30 years. While many of the cornerstones and crucial elements - product, simplicity, control, and support - remain the same, so much is changing. Hiring Entrepreneurs: A Case Study of Hiring the Spirit of SuccessAs we continue to mine Dave Melton's book, <i>Hire the American Dream,</i> I thought it would be interesting to highlight a case study that demonstrates just how successful smart hiring can be. Here Melton describes his experience hiring an immigrant.
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