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December 31, 2012News for the franchise sector

  Franchise News 
  • 5 franchise trends for the new year
    One trend to watch in 2013 is the use of area development as a growth strategy. "My sense is, franchisors like to have that multiple-unit arrow in their quiver," said Bret Lowell of of the law firm DLA Piper. "In many cases, it's a good option." In addition, quickservice franchises are likely to continue offering healthier product choices, and refranchising may continue. Entrepreneur online (12/28) LinkedInFacebookTwitterEmail this Story
  • Cinnabon's president discusses growth, "fiscal cliff"
    Cinnabon has exceeded 1,000 locations, and international expansion in places such as Russia and the Middle East is strong, according to President Kat Cole. The "fiscal cliff" has the potential to affect consumers and thus Cinnabon's business, she noted. "But a bigger picture is, for our franchisees, they want to have faith that the business climate will continue to improve tomorrow and the government really needs to show us that that's possible." Fox Business (12/28) LinkedInFacebookTwitterEmail this Story
  • How new technology is helping Mr. Rooter provide better service
    New technology is helping plumbers to better serve their customers, according to Dan Pentico, who manages a Mr. Rooter unit in Phoenix. For example, fiber-optic cameras are helping plumbers to identify problems in pipes. "We have equipment that can pinpoint and locate what that camera eye is looking at, so you can go right to the problem area and address it rather than have to change the entire pipe to try and find the problems," he said. (Phoenix) (12/25) LinkedInFacebookTwitterEmail this Story
  • How Home Helpers has grown through innovation
    Continuous innovation is key to success for Emma Dickison, president of Home Helpers. Dickison has helped the franchise to grow to include more than 600 units while adding new services that cater to consumers' needs. Nowadays, the franchise offers personal- and medical-care services. "We wanted to broaden our continuum of care," Dickison said. (12/30) LinkedInFacebookTwitterEmail this Story
  • Iowa-based Pancheros plans westward expansion
    Fresh-Mex fast-casual concept Pancheros has grown to 50 locations since the first one opened in Iowa in 1992, and founder Rodney L. Anderson says franchisees will open between 10 and 25 new units next year, entering new markets including California. "We hope to grow to 75 units or so next year and 100 the year after that, but available quality real estate is the key determination factor for this occurring." (12/28) LinkedInFacebookTwitterEmail this Story
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  Best Practices & Business Leadership 
  • 4 business areas you need to check in on for 2013
    As you prepare for the coming year, it's a good idea to review your financial situation, search for ways to improve your operations and focus on the big picture. "Take yourself out of the process of being involved in all the critical decisions day to day and start to work on your business growth, your long-term strategy, and things like finding cost savings," said Roger Murphy of Murphy Business & Financial Corp. Bloomberg Businessweek (12/27) LinkedInFacebookTwitterEmail this Story
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  Trend Watch 
  • Survey: 92% of diners say they speak up about bad meals
    The lion's share of U.S. consumers say they voice their complaints about bad restaurant experiences to others, and 25% say they'll speak up about cleanliness concerns, according to the 2012 Tork Report. Some 60% of respondents said they were likely to share complaints with their social media networks, and 65% said there was at least some chance they would voice concerns on a restaurant review site. (12/28) LinkedInFacebookTwitterEmail this Story
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  News from IFA 
  • IRS issues employer mandate details
    The IRS issued a Notice of Proposed Rulemaking on Dec. 28 about the employer requirements under the Affordable Care Act, many of which will take effect Jan. 1, 2014. The mandate will require "applicable large employers" to either offer full-time employees (and their dependents) an "affordable" health benefits package that meets a "minimum value" standard, or face possible penalties. Applicable large employers are defined as employers with 50 or more full-time-equivalent employees. IFA is reviewing the extensive 144-page rule, which was accompanied by a Q&A document, and will have a full analysis soon. LinkedInFacebookTwitterEmail this Story
  • Franchise Expo South to feature VetFran program
    VetFran will host a free seminar for veterans and active duty service members interested in franchise ownership as part of the Franchise Expo South in Miami Beach, Fla. The "Opportunities for Veterans in Franchising" seminar is Jan. 12, 2 p.m. to 3 p.m. in room C224 of the Miami Beach Convention Center. Interested veterans can register using the promo code: VETFRAN. Veterans who attend the seminar are welcome to attend Franchise Expo South for free. At the Expo, veterans will be able to visit booths presenting hundreds of franchise brands and talk face-to-face with franchisors. LinkedInFacebookTwitterEmail this Story
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  IFA Member Monday 
  • Interstate Batteries to power Tournament of Roses Parade
    Interstate Batteries will help ring in 2013 during the 124th Tournament of Roses Parade in Pasadena, Calif. Thousands of viewers along the parade route and a national television audience will see Interstate's Outrageously Dependable power on display in the many moving parts aboard the floats designed by Phoenix Decorating Company. The parade begins at 8 a.m. PST on Jan. 1. LinkedInFacebookTwitterEmail this Story
  Policy & Finance Update 
  • Affordable Care Act is seen as likely to slow hiring next near
    The Affordable Care Act will make employers more reluctant to hire full-time workers next year, and many companies will opt to hire more part-time workers and cut the hours of full-timers, human resources firms say. Nearly a third of franchisees said they plan to cut staff in order to avoid a requirement that companies with more than 50 employees provide health insurance or pay a penalty, according to a survey by IFA. USA Today (12/30) LinkedInFacebookTwitterEmail this Story
  • McConnell and Biden lead last-ditch effort to beat fiscal deadline
    Read full story  
    Vice President Joe Biden and Senate Minority Leader Mitch McConnell, R-Ky., pulled a late-nighter Sunday and resumed talks early this morning in a bid to strike a deal to avert higher tax rates and sweeping spending cuts due to take effect at midnight. In a significant breakthrough, the pair have agreed to preserve existing tax rates on family income of less than $450,000, and also to keep estate taxes at their current levels. "I think now there's a better than 50-50 chance that we will avoid the fiscal cliff by midnight tonight," said Rep. Chris Van Hollen, the top Democrat on the House Budget Committee. Politico (Washington, D.C.) (12/31), The Washington Post (12/31), The Wall Street Journal (12/31) LinkedInFacebookTwitterEmail this Story

Never tell your resolution beforehand, or it's twice as onerous a duty."
--John Selden,
English jurist and scholar

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