March 10, 2010
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Your High Technology Franchise News SourceFranchise News Watch brings you the latest in high technology franchising news from around the web. As a news aggregator for the high technology franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  High Technology Franchise NewsPlay N Trade Franchisees Continue to See Sales Increases Into 2010Play N Trade Franchise, Inc., the fastest growing video game franchise worldwide, today announced that for the month of February, 2010 their same store sales were up 1% compared to February, 2009. While average store revenue was up 12%, driven by the... Batteries Plus Educates Facilities Managers, Increases Battery Buying PowerBatteries Plus, the nation's largest retail battery franchise serving both retail and business customers, has developed a B2B partnership program to assist facilities management operators with its battery buying power, battery education, and battery... Franchise manager finds innovative way to motivate staffWith the recent economic turndown leaving employee satisfaction at a record low, finding a cost-effective way to motivate the workforce can be a challenge. Fortunately, Jim Aldridge, manager of ColorTyme in Gaffney, S.C., discovered a creative approach... Interstate Batteries Sets All-Time Sales Record - Interstate All Battery Center Division Also Posts Double Digit GrowthInterstate Batteries, North America's top battery replacement brand, set its all-time one-month sales record in January with more than 1.5 million automotive batteries sold, nearly 11 percent over its previous record in October 2009. The 58-year-old...
ColorTyme named AllStar Franchise for 2010ColorTyme, the nation's oldest rent-to-own franchisor, was chosen from more than 800 companies as a top business opportunity in the 2010 AllBusiness Allstar Franchises ranking.
Click, Click; Batteries Plus Franchise Debuts New Website with Improved FeaturesBatteries Plus, the nation's first and largest all battery retailer, enjoyed the best year in company history in 2009. With the help of a new website and even more hard work, they intend on producing an even better year in 2010. Play N Trade Sales Rise Above Video Game Industry Sales to Kick Off New YearPlay N Trade Franchise, Inc., the fastest growing video game franchise worldwide, today announced that for the month of January, 2010 their same store sales were up 6.18% compared to January of 2009, while the rest of the video game industry was down... DMA Atlanta Names AIS Media, Inc. CEO Thomas Harpointner, Chairman To Its 2010 Advisory BoardAIS Media, Inc., an award-winning Interactive marketing company, announces the appointment of CEO, Thomas Harpointner to the DMA Atlanta 2010 Advisory Board on Wednesday, February 17th.
Geeks On Call Strengthens Its Position Since AcquisitionSince the late-fall acquisition by On Call Holdings International, LLC (OCHI), Geeks On Call has reorganized, refocused and is methodically expanding its reach of businesses and the services it provides.
Play N Trade Offers Only Video Game Opportunity at Franchise Expo SouthU.S. Market for Video Games Reached $21.3 Billion in 2008 Cartridge World Names Bill Edmiston Chief Development OfficerCartridge World, the world's fastest growing ink and toner remanufacturing retailer and franchisor, announces the appointment of Bill Edmiston as Chief Development Officer.
Interstate All Battery Center Sets Industry Standard in Professional Training for its FranchiseesInterstate All Battery Center (IABC) announces the introduction of its new online training program through the company's Learning Management System, a system-wide continuing education program specially designed to serve the growing franchise system. Interstate All Battery Center Powers OnInterstate All Battery Center (IABC) announces a quantum leap in its growth with the addition of 128 new points of service throughout the U.S. and Canada to become the nation's largest portable power solutions and battery power company in terms of...
Interstate Batteries Celebrates November 15, America Recycles DayIn honor of America Recycles Day on Nov. 15, Interstate All Battery Center (IABC), the franchise concept for 58-year-old Interstate Batteries will kick-off its national six-week recycling drive at each of the company's 157 locations from Nov. 16... Interstate All Battery Center Powers Up With New Point-of-Sale TechnologyInterstate Batteries Franchise and Development, the franchisor of Interstate All Battery Center (IABC) announces it will implement the MICROS-Retail Xstore point-of-sale system in all franchise locations across all 50 states. Cartridge World Adds Rod Young to Board of DirectorsCartridge World, the world's fastest growing ink and toner remanufacturing retailer and franchisor in the $80 billion printer cartridge industry, announces the addition of Rod Young to their Board of Directors. PD-go! Web Solutions is Proud to Announce the Official Launch of Version 2 of their PD-go! SystemThe PD-go! System is a user-friendly website content management system that gives non-technical business owners and their staff the ability to easily update content on their custom website themselves, anytime they wish, without being a techie... Interstate All Battery Center Powers into Six New MarketsInterstate Battery Franchising and Development, the franchisor of Interstate All Battery Center (IABC) recently announced four new franchisee signings in six markets nationwide: McKinney, Texas; Plano, Texas; Tyler, Texas; Gilbert, Ariz... Batteries Plus Ranks No. 1 as Most Searchable Online Battery RetailerWhen it comes to searching for car batteries online, Batteries Plus tops the list, according to Internet Retailer's 2010 Edition of the Search Marketing Guide.
Cartridge World Named In Top 50 Franchises For MinoritiesIn the recent survey published by the National Minority Franchising Initiative, Cartridge World, world's fastest growing ink and toner remanufacturing retailer, was named as one of the top 50 franchise opportunities for minority business owners. Fast-Teks of Northern Somerset and Morris Counties, N.J., Launches TekTalkNJ BlogFast-teks of Northern Somerset and Morris County, NJ, has recently launched TekTalkNJ, a new blog to provide clients with computer and repair resources. The TekTalkNJ blog is posted at www.TekTalkNJ.com and covers Mac and first aid PC repair... Signs Now President Named Allegra Chief Development OfficerAllegra Network LLC, one of the world's largest print and graphic communications franchises, recently announced that Signs Now President Steve White, has been appointed as the company's Chief Development Officer. White will be responsible for managing... Games2U Franchise Delivers World's First Kid-Driven RobotImagine a child transforming themselves into a towering green robot in front of all their friends. From the simple controls of a joystick inside, the child can shift to the side, spin in circles, make laser sounds and beam lights and fog into the crowd. Interstate Batteries Provides Hurricane ReadinessAccording to the National Hurricane Center (NHC), September is the most active month of the Atlantic and Pacific hurricane seasons. The experts from Interstate Batteries offer an incredible range of power solutions and knowledge to help homeowners...
Cartridge World Continues to 'Ink' Record SalesAs more and more consumers are realizing the value of refilling and recycling ink cartridges, Cartridge World franchisees are reaping the benefits. The world's fastest growing ink and toner refilling retailer is reporting double digit increases in... 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... Rapper 50 Cent Appearance At Manhattan Play N Trade RecapMulti-platinum selling rap artist 50 Cent made an appearance at the Manhattan Play N Trade store on April 30, 2009 from 3:30-5:00 p.m to promote his new video game, 50 Cent: Blood on the Sand. 50 Cent, who has sold over 22 million records worldwide... Interstate All Battery Center Charges NationDallas-based battery replacement company, Interstate Batteries Franchise and Development, the franchisor of Interstate All Battery Center (IABC) will be the only all battery franchise to solidify a presence in all 50 states with the signings of two new... Secret to Success: Community, CustomersWhen Craig Ackerman took over a Play N Trade store in Comstock Park, Michigan, he didn't know all the specifics of how he planned to become successful. However, he did know a few things. Namely, success comes through hard work, great customer service... |
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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