The nationwide push to raise the minimum wage continues to gain momentum. The issue was brought to the forefront over the last 18 months as employees of quick service restaurant (QSR) workers waged a series of marches and protests demanding and increase of the minimum to $15/hour. President Obama talked about an increase to $10.10/hour … Does a Higher Minimum Wage Hurt Franchising?
By Todd Weiss | Posted May 29, 2014
Understanding Item 19, Part 2: The 4 Types of Item 19’s In our previous review of Item 19, we provided a general guide to items found within a company’s Item 19 Financial Performance Representation (formerly known as an Earnings Claim; also known as Article 19). In part 2, we review how these Financial Performance Representations … Can I Trust a Franchisor’s Financial Performance Representations (Item 19 of the FDD, Part 2)
By Rick Bisio | Posted May 12, 2014
One of the more significant issues facing today’s franchise owner are the requirements under the Affordable Care Act (ACA). For owners with multiple locations, particularly in the restaurant and automotive industries, the concept and calculation of “Full Time Equivalent” (FTE) employees can significantly impact the profitability of the business. Failure to understand and prepare for … The Affordable Care Act and Franchising
By Todd Weiss | Posted May 9, 2014
A key element that most people don’t often consider when choosing to invest in a franchise is whether or not the particular franchise fits within their personality type. The first thing that potential franchisees typically evaluate when reviewing franchises are the hard stats such as the number of locations and investment requirements, but there are … Approach the Franchising Business like Dating
By Ken Jennings | Posted April 21, 2014
Understanding Item 19: Financial Performance Representations At the core of every potential Franchisee is the age-old question: How much money can I make? The Federal Trade Commission (FTC) has enabled Franchisors the ability to offer an educated answer to this question via Item 19 of the Franchise Disclosure Document (FDD). The FTC’s Franchise Rule allows … How Much Will I Make With a Franchise? (Item 19 of the FDD)
By Rick Bisio | Posted April 17, 2014
Cinnabon has long been thought of as the snack for travelers running through airports and shoppers strolling through malls. What started as a single bakery in Seattle’s Sea Tac Mall in 1985 has grown into a company with 1,200 brick-and-mortar locations in 54 countries. But the chain’s biggest consumer business today is licensing and co-branding … Cinnabon’s Recipe For Expansion: Licensing and Co-Branding
By Ben Baggett | Posted March 24, 2014
Meet Rocco Fiorentino Recently, Benetrends’ President and CEO Rocco Fiorentino was featured on a panel of experts for "Empowering Entrepreneurs" put out by Media Planet. Fiorentino joined the Benetrends board of directors in 2009, with more than 25 years of franchising experience. Shortly after, in late 2012, he was appointed CEO. For those unaware, Benetrends … What Are 3 Important Qualities of a Successful Entrepreneur?
By Ben Baggett | Posted November 8, 2013
No matter what your background, there will always problems you encounter. Some are minor bumps in the road and some can make you feel like Chicken Little screaming, “The sky is falling, the sky is falling!” What can make these moments easier to handle? Maybe it’s just knowing that you’re not alone. Our experts have … Franchise Owner Advice Part 3 – Bumps in the Road
By Stephan Baldwin | Posted September 21, 2013
So much research and time are spent trying to figure out what franchise is right for you not to mention how much money is needed to make your dream a reality. Something that is hard to research is what expectations you should have when entering this industry. That kind of information can only be truly … Franchise Owner Advice Part 2 – What can you expect?
By Stephan Baldwin | Posted September 14, 2013
Did you always know you wanted to be an entrepreneur? Most people say no to this question. Some may have harbored a dream to one day start their own company, but franchising specifically is not usually among the list of childhood ambitions. In fact, a lot of franchise owners have ventured into this line of … Franchise Owner Advice Part 1 – The Road to Becoming an Entrepreneur
By Stephan Baldwin | Posted September 7, 2013