September 03, 2010
Topics:Industries:
|
Your Franchise Consultants Franchise Personnel News SourceFranchise News Watch brings you the latest in franchise consultants franchising personnel news from around the web. As a news aggregator for the franchise consultants franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Franchise Consultants Franchise Personnel NewsCanadian Franchise Association Welcomes New Board MembersThe Canadian Franchise Association (CFA) announced the appointment of Stéphane Breault as the new CFA Board of Directors Chair and the election of eight new members to its Board of Directors at its Annual General Meeting held on May 5, 2008. Reginald Batts Named OneCoach Regional DirectorReginald Batts has been named OneCoach Regional Director, supporting franchisees in regions and territories across North America. . Restaurant Executive Named to Franchise Association Leadership TeamADIR Restaurants Corp. Pres. and COO Jose J. Cofino has been elected as a member of the International Franchise Association's board of directors. Jason A. Straczewski Named Franchise Association's Government Relations DirectorThe International Franchise Association has named Jason A. Straczewski as director of government relations. Franchise Association President Gains CEO TitleMatthew R. Shay, president of the International Franchise Association since 2005, has been promoted by the board of directors to assume the additional duties of chief executive officer of the 48-year-old organization. FCA appoints new Executive DirectorCommunications industry executive and consultant Steve Wright has been appointed to head Australia's peak franchising sector representative group, the Franchise Council of Australia (FCA). |
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.
|