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February 1, 2013News for the franchise sector

  Franchise News 
  • Franchise Services CEO explains how to cope with change
    As the CEO of Franchise Services, Don Lowe has plenty of experience dealing with new technology and the changing nature of the business world. Lowe addresses this challenge by striving to build a culture of trust and focusing on effective communication. "We don't have a large staff, so it is important that everyone is aligned with the goals, both on a corporate and franchise level," he explained. Smart Business (2/2013) LinkedInFacebookTwitterEmail this Story
  • Dunkin' Brands produces strong results
    Dunkin' Brands has shown strong performance recently despite turbulence in the economy as a whole, and the company is expecting to continue its growth in domestic and international markets. "[We've] created a model for entrepreneurs to succeed," CEO Nigel Travis said. "[I]t's our competitive advantage." Same-store sales growth exceeded 3% at Dunkin' Donuts locations in the fourth quarter. Forbes (1/31) LinkedInFacebookTwitterEmail this Story
  • Nestle Toll House Café continues expansion in the Middle East
    There are Nestle Toll House Café locations in several countries in the Middle East, and the brand is opening more stores in countries such as Saudi Arabia, Kuwait and Jordan this year. Serving quality coffee is key in the Middle Eastern market, according to Ziad Dalal, the brand's CEO and founder. "The Middle Eastern market is teaching us to take our coffee to a different level, including the execution in the U.S." Dalal said. Nation's Restaurant News (free registration) (1/30) LinkedInFacebookTwitterEmail this Story
  • How Saladworks manages the cost of its ingredients
    The Saladworks franchise is able to avoid some of the price increases for food that can be caused by extreme weather conditions by forging contracts with growers, according to Jena Henderson, the company's vice president of brand services. Still, weather events can sometimes affect food prices. In these situations, "we just need to be sure that our franchisees and our stores are always careful of their bottom line by managing the pricing that they charge the customers," she said. Fox Business (1/28) LinkedInFacebookTwitterEmail this Story
  • How chain restaurant franchisees make it look easy
    The similar look and feel of chain restaurant locations from one town to the next make opening a new one seem easy. One suburban Cincinnati Quaker Steak & Lube franchisee's experience paints a truer picture of the work and worry that goes into getting a new chain restaurant up and running, from site selection to hiring to opening day, writes Slate's Rachael Larimore. Slate (1/31) LinkedInFacebookTwitterEmail this Story
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  Best Practices & Business Leadership 
  • How leaders can be better sellers
    Every leader is a salesperson at heart, spending their days pitching ideas, deals and products to potential customers, employees, suppliers, corporate partners and the board, writes Daniel Pink. To carry out that role successfully, it pays to strike a balance between introversion and extroversion. The best bosses are those "who can talk smoothly but also listen keenly, who know when to turn on the charm but also when to turn it off, who combine the extrovert's assertiveness with the introvert's quiet confidence," Pink writes. The Washington Post (1/28), The Washington Post (1/29) LinkedInFacebookTwitterEmail this Story
  • 5 ways to take the micro out of your management
    Micromanagers often are seen as incapable of leading or collaborating, Anita Bruzzese writes. She suggests ways to break nitpicky habits, including supporting others as they accomplish tasks "even if they approach it differently than you do." The Fast Track (1/29) LinkedInFacebookTwitterEmail this Story
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  Trend Watch 
  • Does your restaurant need a mobile app?
    Offering a mobile application can be a good way for a restaurant brand to give customers what they want, according to Michael Hagan, chief operating officer of mobile platform provider LevelUp. "Consumers are looking for convenience, speed and they're looking for things that will save them money," he said. "And having a mobile app is a great way to deliver on all three of those things." (1/29) LinkedInFacebookTwitterEmail this Story
  • Hotel-retail mixed-use model is gaining developer interest
    More developers are looking into mixed-use projects combining hotels with retail centers as research found strong economic feasibility in the model, this article says. However, engaging in this type of operation requires that developers on the retail side of the enterprise be oriented toward issues and customs specific to the lodging industry. Hospitality Net (1/29) LinkedInFacebookTwitterEmail this Story
  News from IFA 
  • Today is the last day to register at the pre-registration rate for IFA's Annual Convention
    Register today for the 53rd IFA Annual Convention at the pre-registration rate. After today, on-site registration fees will apply at an additional $100. Download your mobile application to get breaking information about the convention. Don't delay and miss your chance to see world-class speakers such as Condoleezza Rice, CKE Restaurants CEO Andrew Puzder and MSNBC's "Morning Joe" hosts Mika Brzezinski and Joe Scarborough. Due to increased demand, we've added more booths in our exhibit hall. For details, contact IFA Senior Director of Meetings Anne Poodiack. LinkedInFacebookTwitterEmail this Story
  • IFA praises effort to help franchise small businesses participate in regulatory development
    IFA praised House Small Business Committee Chairman Sam Graves' (R-Mo.) new initiative to help small businesses, including America's 825,000 franchise businesses, participate in the development of federal regulations through the new Small Biz Reg Watch website. The website will instruct business owners on how they can make comments to federal agencies considering proposed regulations. "Franchise small businesses are on every Main Street in American and are responsible for the creation of one out of every eight private sector jobs, but the proliferation of regulations on health care, workforce policy, tax compliance and on financial institutions throw a wet blanket on job creation in our industry," said Judith Thorman, IFA Senior Vice President of Government Relations & Public Policy. LinkedInFacebookTwitterEmail this Story
Learn more about IFA ->Join IFA  |  Govt. Relations  |  IFA Events  |  Franchises  |  Suppliers

  Policy & Finance Update 
  • With passage of debt-limit bill, lawmakers look ahead to sequester
    The Senate has passed a bill to raise the government's debt limit, and politicians in both political parties are turning their attention to automatic budget cuts scheduled for the beginning of March. Democrats are expected to work on a strategy to address the situation during an upcoming retreat. Meanwhile, House Republicans are working on a proposal that is designed to eliminate the deficit without increasing taxes. The Wall Street Journal (1/31) LinkedInFacebookTwitterEmail this Story
  • Obama won't extend jobs council
    The charter for the Council on Jobs and Competitiveness, which was formed in 2011, expired Thursday, and President Barack Obama is not going to extend it. Unemployment has dropped from more than 9% to 7.8% during the council's existence, but vulnerabilities remain in the economy. Obama will continue to seek input from the business community on job growth, according to officials. U.S. News & World Report/The Associated Press (1/31) LinkedInFacebookTwitterEmail this Story
Never confuse a single defeat with a final defeat."
--F. Scott Fitzgerald,
American writer

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