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…
Franchises Affected in Restaurant Sourcing Revolution
A new report from National Restaurant News reports that the biggest issue, the biggest change, and the biggest challenge for franchise (and other) restaurants is not the minimum wage or the joint employer definition. Instead, it’s a consumer-driven revolution taking place across the nation. Americans are starting to care about…
A Healthy Franchise System
Wouldn’t it be great if you could tell for sure which franchise business opportunity would be a winner, and which would not — before you made an investment? A new study might help make that a reality. FranchiseGrade conducted a study of seven years of data from 243 franchises, and…
Franchise Decision: Big or Small?
There are franchises with thousands of locations, and there are franchises with just a few dozen… or a mere handful. Jan-Pro cleaning service, for example, has 11,000 units. Domino’s Pizza has 11,285. 7-11 has 51,000. Parking lot painters We Do lines, on the other hand, have 11. Which is right…
Franchisee, Can Software Get You in Trouble?
Franchisees pay for many items of value when they invest in a franchise business opportunity. Often that includes specialized software. Proprietary software can be a big investment for a small business, and automating many of the tasks of a business can save significant amounts of money. Software can also sometimes…
Franchisees Must Cope with Change
What song do you love to sing in the shower? “Somewhere Over the Rainbow” could be a great choice for a franchisee, focusing as it does on dreams coming true. But if “I Did It My Way” is your theme song, you might not be ready for franchising. Franchisees have…
