March 10, 2010
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Your High Technology Franchise Personnel News SourceFranchise News Watch brings you the latest in high technology franchising personnel 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 Personnel NewsCartridge 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.
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...
SightMind Strengthens National Expansion Efforts with New Director of Franchise DevelopmentSightMind, a national Internet Protocol-based (IP) video surveillance, networking and security company, today announced that Joseph Spohn has joined the company as its Director of Franchise Development. In his new role, Spohn will be responsible for... Batteries Plus Hires Marketing Expert to Extend Impressive Franchise GrowthBatteries Plus, the nation's largest chain focused on the $24 billion battery category serving both retail and commercial customers, has announced the addition of John Twist as Vice President, Franchise and Business Development. Cartridge World Appoints Tom Fricke as Chief Executive OfficerCartridge World, the world's fastest growing ink and toner refilling retailer and franchisor in the $80 billion printer cartridge industry, announces the appointment of Tom Fricke as Chief Executive Officer. Interstate All Battery Center Poised for Growth, Hires Operations VeteranInterstate Batteries Franchise and Development, the franchisor of Interstate All Battery Center (IABC), announces it has hired retail veteran Jim Eades as Director of Franchise Operations as the company continues its rapid growth phase. Expetec Corporate hires HaarExpetec Technology Services, Inc., headquartered in Aberdeen, recently announced the addition of Mary Haar, to the Accounting department in the corporate office. H3 Enterprises, Inc. Announces New Management TeamH3 Enterprises, Inc. (PINKSHEETS: HTRE) ("H3" or the "Company") announces the revamping of its management team to focus on building strong internal controls to help manage the Company's expansion efforts. PRO GOLF OF AMERICA Elects Stephen T. Porter Vice ChairmanJames M. Jabara, Chairman and CEO of Golf Acquisitions, LLC, owner of PRO GOLF OF AMERICA (PRO GOLF), a Michigan LLC, announced that, effective immediately, Stephen T. Porter is elected Vice Chairman of the Board of Directors. A Power Hire...L&W Investigations Retains Alan Walker, Cpp, Pci, Psp, Cfe, Cisa, Cbcp, For Northern California TerritoryRichardson Bradshaw Unz, principal and general manager of L&W Investigations Northern California territory, recently announced the hiring of Alan Walker as senior manager. H3 Enterprises, Inc. Announces New Chief Technology OfficerH3 Enterprises, Inc. (PINKSHEETS: HTRE), the world's first publicly traded hip-hop company, has hired Jordan Edelson as Chief Technology Officer and Digital Entertainment Director to spearhead H3's video gaming and web property development.
123 Refills Assigns Management Team For Middle East Operations123 Refills has assigned the MEFRANCHISING Group (Middle East Franchising Group) as the management team for Middle East operations. Cartridge World Names Joy James Senior VP of Business DevelopmentCartridge World, the world's fastest growing ink and toner refilling retailer and franchisor in the $60 billion printer cartridge industry, announces the appointment of Joy James as senior vice president of business development. Geeks On Call Names Richard Artese Executive Vice President and Chief Operating OfficerGeeks On Call Holdings, Inc. (OTCBB: GOCH), a premier national provider of professional IT solutions to small business and residential customers through its trade name Geeks On Call... Geeks On Call Appoints National Sales DirectorGeeks on Call Holdings, Inc. (OTCBB: GOCH), a premier national provider of professional IT solutions to small business and residential customers through its trade names Geeks On Call and 1-800-905-GEEK, announced today that it has appointed technology... Play N Trade Adds Tom McMahon to Executive TeamPlay N Trade Franchise, Inc., one of the fastest-growing franchises worldwide, today announced that Tom McMahon has been named to fill the position of chief operating officer, bringing more than 20 years of benchmark-setting retail growth and expansion... CMIT Solutions Appoints New Vice President of Franchise DevelopmentSheri Vandermause was promoted to Vice President of Franchise Development at CMIT Solutions. TruePresence Welcomes Sandler CEO Mattson to BoardTruePresence, a national Internet marketing firm, announced today that Dave Mattson, CEO and Partner of Sandler Systems, Inc., a leading provider of sales training and management building services, has joined the TruePresence Board of Directors. Signs Now Franchise Advisory Board Appoints Two New MembersSigns Now, A Division of Allegra Network LLC, recently held elections for new seats for the company's Franchise Advisory Board (FAB), and has named Kristin Trevino and Travis Masters as its two newest members. Play N Trade Names Jeff Broviak Vice President of Brand StrategyPlay N Trade Franchise, Inc., one of the fastest-growing franchises worldwide, today announced that retail video game expert Jeff Broviak has been named to fill the newly-created position of vice president of brand strategy... Play N Trade Names Roger Lloyd New CEOPlay N Trade Franchise, Inc., one of the fastest-growing franchises worldwide, today announced that Roger Lloyd has been named the new CEO. He replaces Yuvi Shmul, who will remain on the board of directors. Six new Troubleshooters from the states of Colorado, Florida, Georgia, Maryland, Washington, and Tennessee.Six new Troubleshooters from the states of Colorado, Florida, Georgia, Maryland, Washington, and Tennessee. |
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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