March 10, 2010
Topics:Industries:
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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 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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