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March 1, 2013News for the franchise sector

  Franchise News 
  • New franchisees revive Checkers brand in Fla. county
    Four Checkers restaurants in the Brevard County, Fla., area closed in 2009 after the owner filed for Chapter 11 bankruptcy. Three of the four stores were recently reopened, and new owners Linda Schultz and Alan Balen plan to open eight new units in the county after studying demographics, traffic patterns and customer demand in the area. "I think you just have to stay with the (corporate) vision, quick service," Schultz said. Florida Today (Melbourne) (tiered subscription model) (2/27) LinkedInFacebookTwitterEmail this Story
  • What you should consider before investing in a franchise
    Franchise ownership can jump-start a career and immerse entrepreneurs in a well-established and proven business model, Sandra Block writes. However, she adds that potential franchisees should consider important factors such as startup costs, company rules, competition, the market and independent research before investing. Kiplinger's Personal Finance (4/2013) LinkedInFacebookTwitterEmail this Story
  • Other News
  Best Practices & Business Leadership 
  • Form a peer group to get valuable advice
    Business leaders can feel isolated when they are struggling with a leadership challenge and have no one to talk it out with. Consider forming a small peer group where you can exchange ideas with like-minded individuals, writes John Coleman, founder of the VIA Agency. Keep membership at about six or eight people, set clear expectations for the group, require everyone who joins to attend the meetings and make sure discussions stay private, he recommends. Fast Company online (2/27) LinkedInFacebookTwitterEmail this Story
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  Trend Watch 
  • SXSW attendees may get a free ride with a tweet
    Attendees at the South By Southwest Interactive festival may be able to get a free ride until 2 a.m. by mentioning the company HomeAdvisor and an accompanying hashtag in a tweet. The promotion is among several novel ways startups plan to use the festival to generate buzz, Constance Aguilar writes. "The ways of infiltrating and capitalizing on SXSW are endless, and many startups with the smallest budgets find ways to get creative and gather attention," Aguilar writes. SmartBrief/SmartBlog on Social Media (3/1) LinkedInFacebookTwitterEmail this Story
  • "Fresh casual" brings fast casual up a notch
    Industry experts tout the fast growth of fast-casual concepts, but the real growth is coming among a handful of chains focused on what Fresh Hospitality's Matt Bodnar calls "fresh casual." Fresh casual eateries boast china, silverware and chef-driven menus at the same $8-$12 price point consumers expect from fast-casual chains, he writes. (2/28) LinkedInFacebookTwitterEmail this Story
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  News from IFA 
  • IFA applauds lawmakers for introducing employer mandate repeal bill
    IFA Senior Vice President of Government Relations and Public Policy Judith Thorman released a statement on the introduction of the American Job Protection Act to repeal the job-killing employer mandate that was included in the president's $2.6 trillion Affordable Care Act. "The Affordable Care Act is anything but affordable for the franchising community. According to a study by the nonpartisan Hudson Institute, the employer mandate puts 3.2 million full-time jobs at risk in the franchise industry, and will add more than $6.4 billion in increased costs to franchise businesses, not including the cost of regulatory compliance." LinkedInFacebookTwitterEmail this Story
  • Chinese franchise expos scheduled for April and September
    IFA's World Franchise Council partner, the China Chain Store & Franchise Association, is sponsoring two expos in 2013 that provide entry for IFA members into the Chinese market. The China Franchise Expo, the largest franchise exhibition in Asia, takes place from April 26 to April 28 in Beijing. The Shanghai International Franchise Exhibition attracted more than 10,000 visitors in 2012 and takes place from Sept. 14 to Sept. 16. Learn more and sign up now. LinkedInFacebookTwitterEmail this Story
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  Policy & Finance Update 
  • Republicans announce tax-reform agenda
    Months of internal debate in the Republican Party over tax reform culminated in the comprehensive tax reform bill H.R. 1, columnist Kimberley Strassel writes. House Republicans used the announcement of the bill as a platform to reinforce basic conservative tax-reform principles, emphasizing the importance of "revenue-neutral" legislation and a commitment to reform of individual and corporate tax codes, Strassel noted. The Wall Street Journal (2/28) LinkedInFacebookTwitterEmail this Story
  • Franchisors weigh impact of sequestration on lending
    As industries gauge the potential effect of sequestration on profit margins, Jay Perron, vice president of government affairs and public policy for the IFA, said his group is concerned about the SBA loan programs many franchise-operators use, noting the group will lobby on the issue if lending is affected. "We are watching, figuring out how it will affect business," Perron said. "Will it trickle down so much that it will reach to franchises?" The Hill (2/23) LinkedInFacebookTwitterEmail this Story
  • Common Council in Mich. town supports ban on chain restaurants
    Wauwatosa, Mich., Common Council Alderman Joel Tilleson introduced a proposal last week to ban chain restaurants in East Tosa as part of an effort to reduce the risk of failure for existing area businesses. Council members voiced approval for the plan, but questioned the legality of barring formula restaurants from the area and offered suggestions and support for a flexible approval process. "While there's a piece of language in there that says formula restaurants are prohibited, the next section says there are discretionary review guidelines," City Attorney Alan Kesner noted. MyCommunityNOW (Milwaukee area)/Wauwatosa NOW (2/26) LinkedInFacebookTwitterEmail this Story
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