Why Aren’t Franchisees on the Board?
Franchisees are important — even crucial — to the corporations they represent. So why aren’t franchisees serving on the boards of these corporations? Jonathan Maze asked this question in a recent piece in the National Restaurant News. He pointed out that former franchisees have taken CEO positions with some corporations,…
Did Your Favorite Franchise Investment Meet the EVM Deadline?
As of October 1, 2015, all companies taking credit card payments in the U.S. were required to meet the European EMV standards. That means that, instead of reading a magnetic strip on the back of the card, credit card machines have to read a chip on the card instead. At…
More Minimum Wage Changes For Franchises
Franchise businesses have faced uncertainty and confusion when it comes to minimum wage regulations. Some of the most headline-worthy examples have been in cities which have set higher minimum wage requirements, with different rules for large and small businesses. Franchisees with four or five employees have sometimes been classified as…
Choose the Right Franchise Relationship For You
Franchises are growing so much that you can probably find a franchise option for almost any kind of business you’re interested in these days. In fact, you can probably find multiple options. If you’ve made a spreadsheet and you’re still having trouble narrowing down the choices, maybe you need to…
A Franchise Tempest in a Teacup
Or it could be a coffee cup. Or a half-fat one-pump grande pumpkin spice latte cup. In any case, Starbucks has unveiled their 2015 holiday red cup. It’s red, with the green Starbucks logo, and it looks pretty festive. So a national coffee franchise is serving pumpkin spice lattes in…
Franchises Add 52,500 Jobs in October
American franchise businesses brought 52,500 new jobs into the economy in October, according to the ADP Research Institute. Moody’s Analytics assists with this monthly report. This is the highest one-month total since ADP began tracking these numbers. Restaurants represented just short of 75% of the growth, with 39,190 new jobs….
Franchisee Net Worth
Franchise business opportunities often have a net worth requirement. This number is separate from the amount of cash you must come up with for your franchise investment.The object is to make sure that the potential franchisee is not just scraping together every penny to invest, but will actually have the…