September 05, 2010
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Your Staffing Franchise Financial News SourceFranchise News Watch brings you the latest in staffing franchising financial news from around the web. As a news aggregator for the staffing franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Staffing Franchise Financial NewsSpherion Announces Third Quarter 2009 Financial ResultsSpherion Corporation (NYSE: SFN) today announced financial results for the third quarter ended September 27, 2009. Spherion Announces Fourth Quarter 2008 Financial ResultsSpherion Corporation today announced financial results for the fourth quarter and fiscal year ended December 28, 2008. Homewatch CareGivers Records 32 Percent Revenue Growth in 2008Homewatch CareGivers announced record-setting growth for 2008 as domestic sales revenue increased 32 percent over the previous year and overall revenue grew 20 percent over 2007, announced President Leann Reynolds. Spherion Announces Third Quarter 2008 Financial ResultsSpherion Corporation (NYSE: SFN) today announced financial results for the third quarter ended September 28, 2008. Spherion to Report Third Quarter 2008 Financial ResultsSpherion Corporation (NYSE: SFN) will release its financial results for the third quarter ended September 28, 2008, after market close on Thursday, October 30, 2008. Management will host a conference call the following morning, October 31, 2008, at 9:00 a Westaff Reports Credit Line From Principal StockholderWestaff, Inc. (NASDAQ: WSTF) a leading provider of staffing services, today reported that it has entered into a Subordinated Loan Agreement with its principal stockholder, DelStaff, LLC ("DelStaff"). Westaff Reports Fiscal 2008 Third Quarter ResultsWestaff, Inc. a leading provider of staffing services, Tuesday reported financial results for its third fiscal quarter, which ended July 12, 2008. Westaff Signs Forbearance AgreementWestaff, Inc. (NASDAQ:WSTF), a leading provider of staffing services, announced today that it has entered into a Forbearance Agreement with U.S. Bank National Association and Wells Fargo Bank, National Association, effective July 31, 2008. Spherion Announces Second Quarter 2008 Financial ResultsSpherion Corporation (NYSE: SFN) today announced financial results for the second quarter ended June 29, 2008. Westaff Reports Fiscal 2008 Second Quarter ResultsWestaff, Inc. (NASDAQ: WSTF), a leading provider of staffing services, today reported financial results for its second fiscal quarter, which ended April 19, 2008. Spherion Announces First Quarter 2008 Financial ResultsSpherion Corporation (NYSE: SFN) today announced financial results for the first quarter ended March 30, 2008. Spherion Adjusts First Quarter GuidanceSpherion Corporation (NYSE: SFN) today updated its revenue and earnings guidance for the first quarter. |
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.
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