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March 8, 2013News for the franchise sector

  Franchise News 
  • Franchise expansion could boost commercial real estate market
    The commercial real estate market is struggling to fill retail space left empty during the recession and franchise expansion could help jump-start demand, Joe Gose writes. Franchises are projected to add 162,000 jobs in more than 10,000 new units this year, including 3,000 restaurants, according to the IFA. Gose cites Colorado-based Smashburger and Lansing, Mich.-based Two Men and A Truck as examples of rapid job creation through franchise expansion. Investor's Business Daily (3/7) LinkedInFacebookTwitterEmail this Story
  • Subway CEO encourages international franchise operation
    Speaking to a group of young entrepreneurs last week, Subway CEO Fred Deluca offered insights on the challenges and rewards of the international franchise industry. The event was part of Subway's global campaign to educate young people in 100 countries on franchise operation. "I think that franchising is a big, big category of business and so for folks who are learning about business, no matter what country they're in, they should be exposed to it and they might get involved in some way," Deluca said. American City Business Journals/Upstart Business Journal (3/4)
  • Marriott and IKEA parent partner for new economy hotel brand
    Marriott International has unveiled plans to launch a new hotel brand in the economy segment through a partnership with Inter IKEA, the parent company of the IKEA furniture chain. The Moxy Hotels chain will offer rooms with high-tech amenities and floor-to-ceiling wall art. The brand's first property is expected to open in Milan in 2014. Reuters (3/5), (3/5) LinkedInFacebookTwitterEmail this Story
  • Business owners look to franchise industry to spur growth
    The franchise industry currently includes 18 million workers at 825,000 businesses nationwide and the IFA projects that 10,000 new establishments will open and 162,000 new jobs will be created this year. Franchising can help expanding businesses meet consumer demand, especially if the service can be duplicated in other markets and regions, experts say. "Franchising is a business model that allows investors to participate in a system and helping you grow your business faster than you would alone," IFA spokeswoman Alisa Harrison said. The Capital (Annapolis, Md.) (3/3) LinkedInFacebookTwitterEmail this Story
When franchisees get the support they need, franchise-wide growth occurs.
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  Best Practices & Business Leadership 
  • Why bosses should keep on talking
    Good leadership is the art of engaging in the right conversations at the right times, write Alan S. Berson and Richard G. Stieglitz. Conversations help bosses build relationships, develop leadership qualities in their direct reports, make better decisions and execute more effectively, they argue. "[I]t is something you need to do well -- consciously and unconsciously -- every minute of every day," they write. Knowledge@Wharton (3/6) LinkedInFacebookTwitterEmail this Story
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  Trend Watch 
  • Hoteliers can't ignore Generation Y
    Hotels are appealing to millennials with modern amenities, new spaces to socialize and of course, plenty of plugs for technology. "Their world is so interconnected, they learn about new destinations and want to go sooner than we ever did as baby boomers... Global travel today is second nature, especially to these American consumers," said Milton Pedraza, CEO of the Luxury Institute. Hotel Interactive (3/5) LinkedInFacebookTwitterEmail this Story
  News from IFA 
  • IFA issues statement on proposal to increase federal minimum wage
    IFA Senior Vice President of Government Relations and Public Policy Judith Thorman issued the following statement Tuesday in the wake of legislation introduced by Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.) that would raise the country's minimum wage from $7.25 to $10.10 an hour. "Franchise small businesses have been hit hard with constant incremental cost increases that make it more difficult for them to expand and create new jobs, such as Affordable Care Act compliance costs, tax increases, hikes in commodity prices and the lack of available capital. Raising the minimum wage by nearly 30 percent will pile on additional costs on the backs of these job creators." LinkedInFacebookTwitterEmail this Story
  • The United Arab Emirates added to IFA’s next trade mission
    IFA's next trade mission has added a stop in Abu Dhabi to the existing stops in Egypt, Jordan and Qatar from May 12 to 22. There, a select group of franchisors will receive valuable briefings, research and the opportunity to expand their brands in these growing Middle Eastern markets. Itinerary items include meetings with government ministries, one-on-one matchmaking meetings with pre-screened local investors and the opportunity to exhibit and attend the MENA International Franchise Exhibition, the largest expo of its kind in the Middle Eastern/North African region. LinkedInFacebookTwitterEmail this Story
Learn more about IFA ->Join IFA  |  Govt. Relations  |  IFA Events  |  Franchises  |  Suppliers

  Policy & Finance Update 
  • Sequestration costs SBA $92 million in budget cuts
    The U.S. Small Business Administration was forced to cut 5% from its annual budget in the form of $92 million after the sequester cuts went into effect on March 1. Funding was cut from salaries and expenses, the Office of the Inspector General, the Office of the Advocacy, the disaster-loan program and the business-loan program. "The sequester is just terrible for small business," outgoing SBA chief Karen Mills said. Entrepreneur online (3/5) LinkedInFacebookTwitterEmail this Story
  • New York City sugary drink ban impacts coffee orders
    New York City Mayor Michael Bloomberg's sugary drink ban extends beyond sodas to include large coffees, impacting independent coffee cafes in the city as well as franchises such as Dunkin' Donuts, McDonald's and Starbucks. The regulation states that sugar in coffee orders larger than 16 ounces cannot exceed three to five sugar packets, depending on the size of the drink. To help customers adjust, Dunkin' Donuts is offering "New N.Y.C. Regulations -- What They Mean for You" fliers to customers explaining which drinks will be downsized or desugared. The New York Times (tiered subscription model) (3/7) LinkedInFacebookTwitterEmail this Story
  • Other News
Hope never abandons you, you abandon it."
--George Weinberg,
American psychologist, writer and activist

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