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December 7, 2012News for the franchise sector

  Franchise News 
  • How going over the "fiscal cliff" would affect franchises
    If the U.S. plummets over the "fiscal cliff," growth could be significantly affected, according to an International Franchise Association member survey. "Seventy-nine percent of our members said that they would completely halt growth plans," IFA President and CEO Steve Caldeira said. As Firehouse Subs CEO Don Fox noted, growth is a key part of the recipe for economic recovery. "I don't think anybody can put together a plan that gets us out of this fiscal mess that doesn't include growth," he said. Fox Business (12/5) LinkedInFacebookTwitterEmail this Story
  • CEOs discuss importance of improving regulatory environment
    Regulatory uncertainty continues to make for a difficult economic climate, Tasti D-Lite CEO Jim Amos and FastSigns CEO Catherine Monson say. "There's so much uncertainty out there right now with what’s going to happen with taxes; we still don't know the full impacts of Obamacare, hundreds of thousands of new regulations and we need to know what's going on to be able to make good decisions and then grow our businesses because of that," Monson said. Fox Business (12/6) LinkedInFacebookTwitterEmail this Story
  • Why franchisees are building diverse portfolios
    Some franchisees are choosing to get involved with multiple brands in an effort to protect themselves from economic turbulence. "Having a diversity of brands is healthy for a franchisee's portfolio," IFA President and CEO Stephen Caldeira said. "Increasingly, as credit has been difficult to access, especially for aspiring franchisees, opportunities for existing successful multiconcept franchisees have become more prevalent." Nation's Restaurant News (free registration) (12/6) LinkedInFacebookTwitterEmail this Story
  • Choice Hotels pursues expansion
    Business is booming for Choice Hotels, according to CEO Steve Joyce. The company has recently broken ground on three hotels in New York. "We ... think now is a great time to build because we think the hotel business is going to continue to expand for the next several years," he said. MSNBC (12/6), Fox Business (12/6) LinkedInFacebookTwitterEmail this Story
  • Domino's chief to explain calorie posting challenges
    Pizza chains face additional challenges when it comes to complying with the calorie-posting requirements soon to come under the Affordable Care Act. "There are 33 million ways to sell a Domino’s Pizza, so coming up with a way to put calories in a menu for 33 million varieties is a little bit difficult," said Domino's CEO J. Patrick Doyle, who is slated to explain the issues to federal regulators. The Huffington Post (12/6) LinkedInFacebookTwitterEmail this Story
  • Afghanistan looks for ways to keep economy going after U.S. leaves
    Afghan officials are working on a plan to offer significant tax relief and incentives to keep the economy going after the U.S. leaves. Meanwhile, Hertz Equipment Rental, Tutor Doctor, AlphaGraphics and RadioShack recently went to Afghanistan in support of franchising. "I quickly divide [Afghan] companies into three categories," said Walter Koenig, senior commercial officer at the U.S. Embassy there. "There are the companies that are going to cut and run when it's done. There are the companies that hope things never change. ... And there are those who are looking for the future and are looking for a new way to respond to the new reality and be successful." The Wall Street Journal (12/5) LinkedInFacebookTwitterEmail this Story
  • Other News
  Best Practices & Business Leadership 
  • Good bosses don't waste time on distractions
    Bosses need to make sure they don't waste time chasing after stuff that's cool but unimportant, getting sucked into projects with no clear endpoint, or overreacting to minor, one-off problems, writes Terry Starbucker. "It's all a matter of leadership perspective -- that ability to take a step back, and 'see' the bigger picture," he writes. (12/2) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Trend Watch 
  • Chains refresh, remodel to reboot sales
    Slowing sales and growing competition have quickservice chains from Burger King and Wendy's to Sbarro and Del Taco sprucing up their stores, with remodels designed to modernize their look and create an appeal that makes guests want to linger and return more often. "As we're elevating the customer experience through the menu strategy, it's also important that we do the same for ambiance," said Panda Express VP of architecture and engineering Tabassum Zalotrawala. Los Angeles Times (tiered subscription model) (12/5) LinkedInFacebookTwitterEmail this Story
  • Other News
  News from IFA 
  • IFA members top Inc. job creators list, continue to help rebuild U.S. economy
    Several IFA member companies, including Air Serv, Smashburger, Yodle and Home Care Assistance, were honored with being named to Inc. Hire Power Awards list, recognizing companies that are rebuilding the economy at such a critical time for our country. Inc. released the list of the top 100 small businesses that have led the country in job creation over the past three years and will host an awards dinner to honor these companies featuring SBA Administrator Karen Mills. Read more. LinkedInFacebookTwitterEmail this Story
  • Franchise missions bring economic development to critical areas
    IFA members are participating in Franchise Micro-Trade Missions in Afghanistan and Tunisia from Dec. 1 to 8, introducing franchise brands and franchise legal and policy counsel by DLA Piper, IFA’s General Counsel, to critical emerging markets in cooperation with the U.S. government. Such IFA members as Hertz, RadioShack, AlphaGraphics and Tutor Doctor are participating in the Afghanistan event Dec. 1 to 5, invited by the U.S. Agency for International Development and the International Trade Administration, a division of the U.S. Commerce Department. In Tunisia from Dec. 5 to 8, IFA will continue an effort started one year ago, in cooperation with the U.S. State Department and the government of Tunisia, to assist the country, the leader of the pro-democracy “Arab Spring” movement, in its economic development through franchising. Read more. LinkedInFacebookTwitterEmail this Story
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  Policy & Finance Update 
  • Country continues speeding toward "fiscal cliff"
    As small-business owners continue to worry about the impending "fiscal cliff," politicians are continuing to grapple over how to handle the issue. Treasury Secretary Timothy Geithner indicated the Obama administration would allow spending cuts to proceed if Republicans refuse to raise tax rates for high-earning individuals. Business people who recently talked with Republicans say the situation is looking grim. "They were not hopeful," said Mitch Cohen, a franchisee for Dunkin' Donuts and Baskin-Robbins. "But they did say they’re willing to continue negotiations." The Washington Times/The Associated Press (12/5), MarketWatch (12/5) LinkedInFacebookTwitterEmail this Story
You will never find time for anything. If you want time you must make it."
--Charles Buxton,
British brewer, philanthropist, writer and legislator

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