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January 30, 2013News for the franchise sector

  Franchise News 
 
  • Express Employment waives franchise fee for Army veteran
    The Express Employment Professionals franchise opted to waive its $35,000 franchise fee for C.J. Marcello, who spent more than two decades in the Army. "We expect C.J. to put a lot of people to work," Express Employment's Kalli Britton said. "It will take some time, but one person at a time, one company at a time, our object is to put hundreds of people to work." Express Employment plans to waive franchise fees for a total of five veterans this year. WTVT-TV (Tampa, Fla.) (1/16) LinkedInFacebookTwitterEmail this Story
  • Dunkin' Donuts is coming to Vietnam
    Dunkin' Brands Group is moving forward with its international growth plans, having reached an agreement to bring its doughnut franchise to Vietnam. In addition to offering standard items such as doughnuts and coffee, Dunkin' Donuts locations in Vietnam will offer menu choices tailored for local tastes. Dunkin' Donuts is currently operating in 32 countries, and entered India and Guatemala last year. The Wall Street Journal (1/30) LinkedInFacebookTwitterEmail this Story
  • Taco Bell shows off Super Bowl ad early
    This year's Super Bowl spot for Taco Bell features a gang of 80-somethings heading out after dark to relive their youth by acting like delinquents. The gray-haired gang tops off an evening of pool hopping and tattoo parlors with a bag of tacos eaten on the car before heading back to their nursing home. Adweek (1/29) LinkedInFacebookTwitterEmail this Story
 
  • Bruegger's parent to pay $50 million for Mimi's Cafe
    Bob Evans will sell its struggling 145-unit Mimi's Cafe chain to LeDuff America, in a $50 million deal expected to close within 45 days, the company said Monday. Dallas-based LeDuff America, the U.S. division of France's Groupe Le Duff, owns chains including Bruegger's Bagels and La Madeleine Country French Cafe. The Columbus Dispatch (Ohio) (1/29) LinkedInFacebookTwitterEmail this Story
  Best Practices & Business Leadership 
 
  • Are you a Navy SEAL or a World War I general?
    Business leaders should strive to be like Navy SEALs, who are trained to respond quickly and creatively to changing situations, Bob Schoulz says. Unfortunately, he adds, many bosses are more like the World War I generals who repeatedly ordered their troops to charge entrenched machine guns. "They failed as leaders to strike a balance between applying lessons from the past that had worked, with a creative insight into how this battle, this enemy, this war is different," Schoulz says. Forbes (1/22) LinkedInFacebookTwitterEmail this Story
  • Why leaders don't need to solve every problem
    Most leaders have a natural tendency to look for solutions when problems arise, but sometimes employees don't need your input, writes Minda Zetlin, president of the American Society of Journalists and Authors. Allowing employees to solve problems on their own can help them to develop their skills, and they will be more committed to executing the solution, she writes. Inc. online (free registration)/Start Me Up blog (1/29) LinkedInFacebookTwitterEmail this Story
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  Trend Watch 
 
  • Why small-business acquisitions are on the rise
    There was a significant increase in sales of small businesses at the end of 2012 compared with the same period during the previous year, according to data from BizBuySell. The flurry of activity might have been due in part to impending changes in the tax code, but there is reason to believe that the market for acquisitions is growing, especially in sectors like construction and manufacturing, according to Murphy Business & Financial's CEO. Some large businesses have built up their cash reserves, and some unemployed workers are looking for opportunities to become business owners. Bloomberg Businessweek (1/28) LinkedInFacebookTwitterEmail this Story
  • Hotel executives warn of market oversaturation
    Many hotel brands have set their sights on growth this year, but some industry experts are wondering whether the market is in danger of oversaturation in the U.S. Wayne Goldberg, president and CEO of La Quinta Inns & Suites, suggests that oversaturation is not a major concern in the short term, but David Kong of Best Western International and Eric Danziger of Wyndham Hotel Group are more cautious. "I think that for the most part, supply growth seems to be in check, but a lot of it is concentrated in the midscale and upper-midscale segment. That creates a lot of supply in the marketplace," Kong said. HotelNewsNow.com (1/25) LinkedInFacebookTwitterEmail this Story
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  News from IFA 
 
  • Pre-registration for IFA's Annual Convention closes Friday
    Friday is the last day to register for the 53rd IFA Annual Convention at the pre-registration rate. On-site registration fees will apply starting Feb. 4 at an additional $100. Don't delay and miss your chance to see world-class speakers such as Condoleezza Rice, CKE Restaurants CEO Andrew Puzder and MSNBC's "Morning Joe" hosts Mika Brzezinski and Joe Scarborough. Make sure you've downloaded your mobile application to get breaking information about the convention. Due to increased demand, we've added more booths in our exhibit hall. For details, contact IFA Senior Director of Meetings Anne Poodiack. Register online before Feb. 1 to ensure you get all your materials beforehand. LinkedInFacebookTwitterEmail this Story
  • IFA partners with U.S. government to support economic growth in Tunisia
    IFA announced a partnership to support economic growth through the formation of franchise businesses in Tunisia with the Overseas Private Investment Corporation and the Middle East Investment Initiative. The partnership will include the development of a credit facility that will partially guarantee loans to Tunisian businesses to enable them to acquire and operate franchises, produce goods and services to supply the franchise businesses and establish Tunisian businesses as franchisors. Technical assistance will be provided to local partner banks to build their capacity to effectively lend to franchise businesses. MEII will manage the credit facility from which partner banks will lend to Tunisian business in local currency. Learn more about Tunisian market opportunities. LinkedInFacebookTwitterEmail this Story

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Learn more about IFA ->Join IFA  |  Govt. Relations  |  IFA Events  |  Franchises  |  Suppliers

  Policy & Finance Update 
  • NADCO seeks to raise participation in loan program
    Beth Solomon, the new CEO and president of NADCO, said her organization wants to double the loan volume in the Small Business Administration's 504 program over the next few years. Solomon, who was previously with IFA, called the program "one of the best kept secrets ... in the lending world." She added that "we see that there are many, many franchisees using the 504 program, but very few franchisors will offer it systematically when they're talking about finance options for their potential franchise partners." Coleman Report (1/29) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Resentment is like taking poison and waiting for the other person to die."
--Malachy McCourt,
Irish-American actor, writer and politician


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