| January 23, 2013 | News for the franchise sector |
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- Dwyer Group CEO discusses taxes, health care
Doing business is inherently challenging, but government regulations such as those laid out in the new health care law are making it even more complex, said Dina Dwyer-Owens, CEO of The Dwyer Group, which was started in 1981 and now includes 1,500 franchises. Taxes could also take a toll on franchisees' ability to expand, she noted. "For every dollar that they're paying in additional tax, that's one less dollar they can put back into growing their businesses and creating jobs."  Fox Business
(1/22)     
- Turbulent economy could encourage more people to enter franchising
The franchise industry is expected to continue its expansion this year as unemployed and under-employed workers look for opportunities, according to IFA. Before getting involved with a franchise, it's important to research it and make sure you understand the risks, according to Nick Smith, who has been involved with the Moe's Southwest Grill and Jersey Mike's Subs franchises. It's also a good idea to reach out to the franchise community, according to Brian Sacco, who opened a ShelfGenie location with his wife. The Charlotte Observer (N.C.)
(1/22)
- How health care law could benefit from an in-home care franchise
A provision in the health care law that penalizes hospitals for readmitting elderly individuals within a short time frame could provide an opportunity for the Right at Home franchise. The franchise has found that it can lower costs for hospitals by offering its home-care services, CEO Allen Hager said. Right at Home's business is poised for rapid growth during the next few years. "People want to be able to stay in their homes," he said. Fox Business
(1/21)
- Franchise segments that are on track for 2013 growth
Forecasts reveal that hair care companies, fast-casual restaurant brands and real estate businesses are among the franchise segments that are well-positioned for growth. "People don't think about real estate brokers as being franchises," IFA's Matt Haller said. "That's a huge opportunity for people that want to get into [real estate] because people are buying homes again. Every month the numbers seem to continue to get better again." TheStreet.com
(1/22)
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| Best Practices & Business Leadership |  |  |
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- If your workers won't change, maybe you should
Bosses whose workers resist change have only themselves to blame, writes Disneyland entertainment manager Duane Dike. To inspire employees to embrace new ways of working, bosses need to take a more human and transformational approach to leadership, Dike explains. "[I]n many cases, the real resistance comes from bosses who refuse to change the way they lead," he writes. Management-Issues (U.K.)
(1/21)
- Why franchise stocks are showing strength
The largest franchise stocks outperformed the Standard & Poor's 500 last year, according to FranDATA. Franchise stocks are generating strong returns for a number of reasons, writes Carol Tice. Franchises continue to find opportunities for expansion, and quickservice brands are opening units in other countries, which can protect them from the ups and downs of the domestic economy, she notes. Forbes
(1/22)
- Restaurants look to smaller spaces for growth
Tighter post-recession lending rules and rising labor costs as the Affordable Healthcare Act takes effect have some restaurant chains trying out smaller spaces. Chains including Burger King, Pizza Hut and Philly Pretzel Factory are seeing success with smaller units and kiosks that appeal to franchisees because they cost less to open and require fewer workers than full-line restaurants. The Wall Street Journal
(1/22)
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Online registration for IFA's Annual Convention ends Feb. 1
The 53rd IFA Annual Convention features world-class speakers such as Condoleezza Rice, CKE Restaurants CEO Andrew Puzder and MSNBC's "Morning Joe" hosts Mika Brzezinski and Joe Scarborough. The convention is filled with unique educational and networking events including ICFE Special Sessions, Annual Leadership Conference, all-new Franchisee Leadership Summit and Franchising Gives Back. Make sure you've downloaded your mobile application to get breaking information about the convention. For details on the exhibit hall e-mail IFA Senior Director of Meetings Anne Poodiack. Register online before Feb. 1 to ensure you get all your materials beforehand.
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Learn ways to maximize your IFA membership
The IFA Supplier Forum Advisory Board is hosting a webinar to assist Supplier Forum members in maximizing their membership. The webinar is at 2 p.m. EST on Feb. 6. Register now for this one-hour presentation, which includes time for your questions. For more information, e-mail IFA Director, Development & Member Services Paul Rocchio or call him at (202) 662-0790. The webinar is approved for 50 Certified Franchise Executives’ participation credits. Enroll today and start earning credits toward achieving the designation.
| Policy & Finance Update | |  |
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- How political uncertainty is hurting franchise growth
Uncertainty over the "fiscal cliff" appears to have put a drag on the franchise industry in December, and the Franchise Business Index dropped slightly for the month. "Franchise businesses remain poised to accelerate growth plans," said IFA President and CEO Steve Caldeira. But lawmakers' inability to address key issue is preventing them from doing so, he said. Gaebler.com
(1/23)
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