 franchiseking
Rating: 67
Member since: 2009-06-02
Feeds: 2
Bookmarks
Categories
|
Preview: The Franchise King Blog
The Franchise King BlogFranchise Information, Franchise Trends, Tips, Traps, and Truths, Tirelessly Delivered To The Kingdom.Updated: 2009-11-20T16:05:19-05:00
The Health Care Reform Bill; Here's The International Franchise Association's Stance 2009-11-20T16:07:24-05:00 Let me start out by stating this; I am not a member of The International Franchise Association. (IFA) That's full disclosure, folks. One thing that I feel they do a stellar job with is lobbying. Matthew Shay, it's leader, knows...Let me start out by stating this; I am not a member of The International Franchise Association. (IFA) That's full disclosure, folks. One thing that I feel they do a stellar job with is lobbying. Matthew Shay, it's leader, knows how to work it over on Capitol Hill. The IFA just made it's position known concerning health care reform. I grabbed this off of their website; "The Senate’s Patient Protection and Affordable Care Act will not reduce the cost of health insurance for franchised employers, and we cannot support health care legislation that fails this basic test,” said IFA Vice President of Government Relations David French. “We have consistently called for market-based reforms like association health plans, and we are disappointed that the Senate bill will not curb costs in the health insurance system. We are also very concerned that the budgetary costs of this legislation are vastly understated, and if passed will ensure that small franchised business owners will face a future of job-killing tax hikes and mandates.” Do you agree? Disagree? Have a better idea or three? Please share it... I wrote about this very important small business topic in September.
Franchise Success And Franchise Failure; Please Keep Head Out Of Sand 2009-11-20T13:17:19-05:00 It may be too late for that guy (This is a post from a strategic partner of mine, Paul Segreto. Paul has been there and done that in franchising. and he wrote this a while back) I can personally relate... It may be too late for that guy(This is a post from a strategic partner of mine, Paul Segreto. Paul has been there and done that in franchising. and he wrote this a while back) I can personally relate to the trials and tribulations of owning franchise businesses as I have “been there and done that” and have experiences on both ends of the spectrum from achieving overwhelming success to dealing with bitter failure. I have definitely come to understand the fine line between success and failure in trying to nail down the American Dream.I know it is sometimes counterproductive to even mention failure which is why the subject is always avoided and never discussed. Yet, it’s out there and it’s real. Once franchisees face the possibility of failure and its very real consequences they can be motivated to understand that failure is not an option and commit 100% to a plan that addresses immediate problems and provides solutions accordingly. Even if it’s necessary for the plan to be quite drastic or aggressive due to prevailing circumstances, franchisees that unequivocally realize that failure is not an option are prepared for immediate action. Let me emphasize one point. Franchisees should not view poor sales and disappointing profits as either potential or immediate failure and stick their heads in the sand. I made that mistake in the past and suffered the consequences. Instead, franchisees should build upon the courage it took to become a franchise business owner and recommit to success as they did when they first took the entrepreneurial plunge.They need to remember their wishes, hopes and dreams that prompted the decision to own their own business? They need to remember the admiration of family and friends when they heard about the new venture? They need to remember the excitement when they actually signed the franchise agreement?Unfortunately, there’s a very distinct possibility the root of the problem is embedded in the franchisee’s actions, non-conformity to the franchise system and unwillingness to face reality. However, as there was some shining light evident during the franchise award process, it may not be a totally lost cause if the franchisee is made to completely understand the implications and consequences of failure.As franchisors are faced with the potential of closed units during this recession that may be the result of things out of their control, it’s imperative they don’t lose even a single unit just because a franchisee just flat out needs a snap back to reality. It’s worth the effort.Let me clarify something. I failed as a franchisee. Not because of anything the franchisor did or didn’t do but because I put and kept my head in the sand and did not face reality. I could go on and make excuses about things that happened around me but at the end of the day I could have turned things around if I got my own head out of the sand, made some difficult decisions and took full, immediate responsibility.Unfortunately I was scared of failing. I was afraid of what people would think. I was ashamed at what other franchisees, ones I put in business, would think of me. I couldn’t even think of facing my family. All lame excuses for not taking responsibility. Maybe a hard swift kick you-know-where would have helped.Did I mention that I previously ran the franchise company where I failed as a franchisee? Did I mention I was elected by fellow franchisees, President of the National Advisory Council? Did I mention that I owned and operated five franchise units?If I had clearly understood the implications and consequences that were looming on the horizon and if I was able to get my big ego out of the way and address things head on, maybe I could have survived. Maybe I could have at least implemented an exit strategy that would have, in some small way, paid back the loyalty [...]
Kauffman Foundation Funded Study Reveals GLOBAL Impact Of An Economic Recession 2009-11-19T13:15:11-05:00 In a study just released, and brought to my attention via M Booth And Associates in New York City, there is clear evidence of the impact of this recession on the world entrepreneur community.The Organisation for Economic Co-operation and Development...
In a study just released, and brought to my attention via M Booth And Associates in New York City, there is clear evidence of the impact of this recession on the world entrepreneur community. The Organisation for Economic Co-operation and Development (OECD) wrote that;"Our research shows that new and young firms have been the primary source of new jobs in the United States over the past three decades," said Robert Litan, vice president of Research & Policy at the Ewing Marion Kauffman Foundation, which funded the study. "While business exits are a normal part of a healthy entrepreneurial ecosystem, this study shows a concurrent increase in exits and decrease in formation throughout OECD countries as a whole. This should send a giant red flag to policymakers around the globe to pull out all the stops to encourage and support business startups so we can create new jobs and sustain a worldwide economic recovery." By the way, it's Global Entrepreneurship Week.
The Franchise King® Is Not Being Paranoid 2009-11-19T10:48:03-05:00 Small Business Loans Drop By $10 Billion (From CNN.com, today) "Some banks are unapologetic about their cutbacks. Small business defaults are soaring, and banks are under pressure to shore up their balance sheets and reduce their exposure to risky loans....Small Business Loans Drop By $10 Billion (From CNN.com, today) "Some banks are unapologetic about their cutbacks. Small business
defaults are soaring, and banks are under pressure to shore up their
balance sheets and reduce their exposure to risky loans. Two key small
business lenders, CIT Group and Advanta, filed for bankruptcy this
month." This is not paranoia. This is reality. I have been telling folks this for the last month via;
Some folks feel that I am sometimes a little negative. Some folks feel that I speak the truth-even if it is negative. What do you think?
Franchising And Veterans; A Good Fit? 2009-11-18T14:48:22-05:00 On Veteran's Day, I was asked to join two rather energetic and engaging women on their weekly small business radio program, to discuss how military veterans fit into the scheme of things with regards to franchise ownership. I'm from this...
On Veteran's Day, I was asked to join two rather energetic and engaging women on their weekly small business radio program, to discuss how military veterans fit into the scheme of things with regards to franchise ownership. I'm from this school of thought; Military veterans can be great franchise owners. It's just that we don't live in a perfect world, and some people, veterans or not, just shouldn't be small business/franchise owners at all. No way. no how. (For lots of reasons) Now back to the ladies from Boost Your Business Radio. Who are they? Rieva Lesonsky owns GrowBiz Media She was the Editorial Director of Entrepreneur Magazine for 25 years, where she helped millions of Americans launch their own businesses. Angie A. Swartz owns Square Martini Media Angie helps business owners incorporate social media into their business strategies. Swartz is also the host of weekly radio show Twitter Talk Radio, which helps business owners use Twitter in business; the co-owner of Twitter Attraction, a blog devoted to “Tweverything;” and the founder of Six Figure Moms Club™ , a live and virtual support network for executive women. You'll find the interview here.
Jerry Wilkerson; 30 Years Of Recruiting Franchise Executives 2009-11-17T22:42:13-05:00 Congratulations to Franchise Recruiters Ltd.® and Jerry Wilkerson, who just completed three decades of finding and placing superior franchise industry talent. That's a long time to be in a tough business... This franchise executive management recruiting corporation, with offices in...
Congratulations to Franchise Recruiters Ltd.® and Jerry Wilkerson, who just completed three decades of finding and placing superior franchise industry talent. That's a long time to be in a tough business... This franchise executive management recruiting corporation, with offices in the U.S. and Canada, has placed 600+ franchise senior management professionals with major franchise branded chains around the world. On the anniversary of 30 years, Wilkerson predicted that many franchise markets and industries will be transforming through eight technology trends that are changing the way business manage relationships, assets, and information. "Franchisors must understand not only the technologies but also their business implications and the stable management changes they require to keep a chain vital and developing," Wilkerson said. Read more about this company at US Franchise News
|
|||||||||||||||||||||||||||||||||
http://www.thefranchisekingblog.com/atom.xml
Privacy policy - Sitemap - Press - Terms of Service - Copyright information - Contact Us - About Us - Feedage
Website Design by: JMVMedia.com - Florida Search Engine Optimization
Language Detection Powered by
