March 10, 2010
Topics:Industries:
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Your Health Franchise Personnel News SourceFranchise News Watch brings you the latest in health franchising personnel news from around the web. As a news aggregator for the health franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Health Franchise Personnel NewsGold's Gym Announces a Pair of Promotions in Franchise Development DepartmentGold's Gym announced today the promotion of Chris Finch to Senior Director of International Franchising and Paul Summers to Senior Director of U.S. Franchising for Gold's Gym. The promotions are reflective of their high performance and business... GNC Names Robert M. Kral as Senior Vice President of MerchandisingGeneral Nutrition Centers, Inc. today announced the appointment of Robert M. Kral as Senior Vice President of Merchandising. In that position, he will report directly to Beth Kaplan, President and Chief Merchandising and Marketing Officer. Nation's Largest Home Care Provider Welcomes New Management Team to San Francisco OfficeThe nation's largest and most experienced provider of in home support and recovery services has announced a new management team for its San Francisco location. Interim HomeStyle Services first opened its San Francisco office in 1984 to provide... 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... Retrofitness Strengthens Executive Team with Leaders from the Business IndustryRetrofitness, a unique 1980's-themed gym chain, is pumping up its executive team as Eric Casaburi, founder and CEO, announced today the hire of two key executives, Robert Sprechman and Richard Roser. Both have been brought on to lead the company's... Personal Fitness Training & Nutrition Franchise: Cracking the Codes on Fitness & FranchisingPersonal Training Institute (PTI), a unique fitness concept that provides personal fitness training and nutrition consultation to every client has moved slowly into franchising since its inception in 2000. Weight Watchers Names Steven C. McCormick as President, North AmericaWeight Watchers International, Inc. (NYSE: WTW) today announced the appointment of Steven C. McCormick to serve as its President, North America, effective November 3, 2008. McCormick, a seasoned executive with extensive consumer product, operations...
GNC Names Michael M. Nuzzo as Executive Vice President and Chief Financial OfficerGeneral Nutrition Centers, Inc., the largest global specialty retailer of nutritional supplements, today announced that it has named Michael M. Nuzzo, as Executive Vice President and Chief Financial Officer. In that role, he will report directly to Joe...
Fitness Together Announces Executive PromotionsFitness Together Holdings, Inc. (FTHI), the world's largest wellness organization, recently announced the following promotions and organizational changes to better support the expanding franchise network. Kathleen Gilmartin Joins Interim Healthcare Inc. As New President And CEOThe Board of Directors of Interim HealthCare Inc. is pleased to announce the appointment of Kathleen Gilmartin as President and CEO, effective September 2nd. Elizabeth Frank Appointed Canadian Country Business Manager for Jenny Craig, Inc.Jenny Craig, Inc. is pleased to announce that Elizabeth Frank has been named Country Business Manager for all Canadian Provinces. Anna Egofske Joins Seattle Sutton's Healthy Eating as Communications SpecialistAnna Egofske recently joined Seattle Sutton's Healthy Eating (SSHE) as Communications Specialist for the Ottawa-based company. Gold'S Gym Strengthens International Expansion Efforts With New Director Of Franchise Development For Asia-Pacific RegionGold's Gym, the most recognized name in fitness, announced today that Marc R. Eisman has joined the company as Director of Franchise Development and Support, Asia-Pacific.
Erin Borgstrom Joins Seattle Sutton's Healthy Eating as Communications CoordinatorErin Borgstrom recently joined Seattle Sutton's Healthy Eating (SSHE) as Communications Coordinator for the Ottawa-based company. 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... Bally Total Fitness Announces New Chief Executive OfficerBally Total Fitness Holding Corporation today announced that it has appointed Michael Sheehan to serve as its Chief Executive Officer, effective July 1. Mr. Sheehan will also serve as a member of Bally's Board of Directors. Max Muscle Sports Nutrition Names Mick Riddiough Senior Vice President of Worldwide DevelopmentMax Muscle Sports Nutrition, the nation's premier franchise in sports nutrition, weight loss and fitness, announces the appointment of Mick Riddiough as Senior Vice President of Worldwide Development.
Athletic Republic performance sports training names Tanya Porter Vice-PresidentAthletic Republic Chief Science and Technology Officer Steve Swanson announced today the appointment of Tanya Porter as Vice-President of Training and Technology. Hollywood Tans Strengthens Brand with Key HireHollywood Tans LLC, the tanning franchise company, announced the addition of a new senior-level executive: George Daulerio as Vice President, Finance, and Chief Accounting Officer. Smoothie King Strengthens Leadership Team With Three New AppointmentsSmoothie King Franchises, Inc., the originator of the nutritional fruit-based smoothie, today announced that it has appointed David W. Stidham as National Marketing Director, and David Tornabene and Pat Vanderpool as Regional Directors of Operations. Athletic Republic Names Tad O'Had Vice-President of HockeyAthletic Republic CEO Charlie Graves today announced the appointment of Tad O'Had as Vice-President of Hockey. Smoothie King Names Fletcher Chief Operating OfficerSmoothie King Franchises, Inc., the originator of the nutritional fruit-based smoothie, today announced that it has appointed Tom Fletcher to the position of Chief Operating Officer. Gold's Gym International Names Mike Feinman Chief Operating OfficerGold's Gym International (GGI), the largest co-ed gym chain in the world and most recognized name in fitness, announced today that it has hired Mike Feinman to serve as Chief Operating Officer. Salad Creations Names John M. King Vice President Of MarketingSalad Creations, a national franchise offering a fresh alternative to fast-food for today's healthy lifestyle, is pleased to announce the appointment of John M. King, a 30-year restaurant industry veteran, as its vice president of marketing. Athletic Republic Builds All-Star Management TeamAthletic Republic CEO Charlie Graves has been busy building his management team, making the following recent appointments: Kevin Barker, Vice President of Sales; Tricia Kobos, Vice President of Operations; Trajan King, Vice President of Finance... 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. Jim Kelly Returns to Jenny Craig, Inc. as Chief Financial OfficerAfter a three-year hiatus to pursue a consulting career, Jim Kelly returns to Jenny Craig, Inc. as Chief Financial Officer. Fitness Together Names New Corporate PresidentFitness Together Franchise Corp. (FTFC), the world leader in wellness, who recently sold their 500th personal training franchise, has named Kevin Betts as its new president. New CEO at Contours Express Sees Tremendous Growth Potential for Fitness BusinessContours Express, a women's circuit training gym franchise second only to Curves International, welcome's their new CEO, Jose I. Perez, Jr. Mr. Perez enters his new position with plans to educate consumers on the difference between weight-bearing... |
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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