Franchisors need to give considerable thought to how crowdfunding may impact their franchise systems. By Joshua Schneiderman and Lulu Chiu Crowdfunding has been touted as the way to democratize investment. It seems to be one of those rare initiatives that garner the
By Rocco Fiorentino, CFE, and Dallas Kerley According to FRANdata’s most recent volume of the Small Business Lending Matrix, the good news for the franchise industry is that the business climate is improving for the fifth straight year, with unit transactions at
Make these workhorses work even harder. By Charles Austin Franchise organizations have been using email and text messages for years as part of the marketing mix. Text — both short message service or SMS and multimedia messaging service or MMS — and
Blending business success and charitable alignment motivates the benevolent business leader. By Philip St. Jacques, CFE Did you feel that? There is an overt shift in the motivating drivers that bring people who are seeking business ownership to franchise brands. Financial rewards
How making changes over time can maximize efficiencies and brand development without shocking the entire system. By Kyomi Reinhard Brick and mortar franchisors often share best practices with one another in hopes to redesign their site selection process while striving to balance
Shared expertise can make franchising greater and be your system’s greatest asset. By Mary Ann O’Connell, CFE Site visits: All too often, franchisees fear them and franchisors do them only because they are required. But, when approached properly, site visits can be
Franchising, at all levels, and in all organizations, involves developing and nurturing strong, mutually beneficial relationships. By Mark A. Kirsch, CFE The International Franchise Association is the “voice of “franchising,” and to a large segment of the business world, policymakers and legislative leaders,
AGs can carry weight in the fight for, or against, the franchise industry. By Dean A. Heyl, CFE There is a reason that the National Association of Attorneys General or NAAG is often referred to as the National Association of Aspiring Governors.