Franchising attracts millennial entrepreneurs | Church's Chicken prepares for the future | Hallmarks of a happy, effective workforce
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August 18, 2017
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Franchise News
Franchising attracts millennial entrepreneurs
Dylan Patel got his entrepreneurial career off the ground by signing a deal to open an Orangetheory Fitness franchise while he was still a freshman in college, and he has since grown his business holdings. "The millennial generation is known for its entrepreneurial spirit, so it's no surprise that many young entrepreneurs are turning to franchising as a way to grow their businesses," said David McKinnon, chairman of the NextGen in Franchising Committee.
CNBC (8/16) 
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Church's Chicken prepares for the future
Church's Chicken, which is marking its 65th anniversary this year, has reorganized its management, and CEO Joseph Christina sees opportunity for growth in Asia and other markets. "There's no doubt that we have the best product and we need to catch up in the area of reimaging our restaurants and growing in markets where we feel guests want to come and eat our chicken," he said.
QSR (8/2017) 
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Creating sustainable franchise programs for growth
MSA provides new, young and established franchises with tools to create and sustain their competitive advantage. Through strategic guidance, based on real-world experience, MSA will deliver a program to be efficiently and effectively implemented, and produce measurable results. Increase your system's opportunity for success. Contact MSA today!
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Best Practices and Business Leadership
Hallmarks of a happy, effective workforce
An environment of trust, appreciation and innovation helps people to be happy and perform effectively and creatively, Larry Senn writes. Encourage others to be open to change, foster open communications and recognize successes.
SmartBrief/Leadership (8/17) 
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The virtues of servant leadership
Servant leaders tend to assume responsibility when things go wrong and praise others when things go right. Their presence might help organizations boost employee retention, cultivate trust and outperform competition.
Inc. online (8/15) 
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TMAD surpasses $4 million in franchise fee revenue
After spending $100,000 with a large franchise recruitment consulting firm, Teriyaki Madness was unable to award any new franchises. Frustrated and fearful, they turned to RainTree Franchise Sales to help ignite their growth. A few years into the RainTree partnership, TMAD has now surpassed $4 million in franchise fee revenue and is one of the fastest growing fast casual restaurants on the planet. LEARN MORE ABOUT THEIR PARTNERSHIP HERE.
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Trend Watch
US hotels look for upswing in corporate travel
US hotels look for upswing in corporate travel
(Patrick Kovarik/AFP/Getty Images)
Growth of revenue per available room in the US has been sluggish, despite an improving economy and positive consumer sentiment. Marriott CEO Arne Sorenson and Hilton CEO Christopher Nassetta cited caution among the corporate travel segment.
Skift (8/17) 
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Steakhouses, wing joints find creative ways to feature plant-based dishes
Steakhouses, wing joints find creative ways to feature plant-based dishes
(Pixabay)
As more Americans demand plant-based or vegetarian cuisine, even restaurants where meat is the main focus are adding more vegetable dishes to the menu. Cauliflower "wings" are a popular option at Cincinnati's Buffalo Wings & Rings, for example.
Restaurant Hospitality online (8/15) 
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Be your own boss in the $100 billion commercial cleaning industry.
This is an industry with recurring revenue as services are performed month after month. Grow your business by following our proven plan, taking on new customers, adding employees and managing your business at your own pace. With Jani-King's system, training and support you'll have the opportunity to reach your financial goals.
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News from IFA
Early bird registration now open for #IFA2018
IFA's Annual Convention takes place Feb. 10-13, 2018, in Phoenix, Ariz. IFA members who sign up before Sept. 15 under a special early bird offer can save $50. Register today and save!
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Honor those who give back
IFA's Franchise Education and Research Foundation will honor the most innovative community leaders and charitable programs in franchising nationwide during an awards celebration and dinner on Sept. 11. For information on individual tickets and table sponsorships, contact Gionne Jones.
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Let TSYS Payment Processing Work for you.
TSYS works with franchises across the nation to offer payment processing options that are easy and affordable. We have a team that's dedicated to franchises and their needs. With TSYS you get a full-service processing infrastructure, that includes customized pricing and revenue share models. To learn more!
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Policy and Finance Update
Rep. DeLauro: Make apprenticeships a priority
To grow the pipeline of skilled workers in the US there should be greater investment in apprenticeship programs, writes US Rep. Rosa DeLauro, D-Conn. "Our policymaking should increase opportunities for people to develop in-demand skills and credentials that help people get good jobs with rising incomes," she writes.
The Hill (8/16) 
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Opinion: Support the Save Local Business Act
The National Labor Relations Board's joint-employer standard could "stunt growth in the franchise industry, making it much more expensive and perilous for franchisors to conduct business," writes Gordon Webster Jr. He calls for lawmakers to support the Save Local Business Act.
The Business Journal (Fresno, Calif.) (8/17) 
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There is no waste of any kind in the world that equals the waste from needless, ill-directed and ineffective motions.
Frank Bunker Gilbreth,
engineer
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