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March 6, 2013News for the franchise sector

  Franchise News 
  • Increased bank lending offers cushion as businesses face sequester
    Bank lending is on the rise and is fueling employment, consumer spending and business investment, and increased funding to entrepreneurs such as Cellairis franchisee Ryan Spath provides a cushion for the workforce in the face of sequester budget cuts. Easier access to financing has encouraged franchisees to expand and hire more employees, as is the case with Massage Envy in Alaska and Bruegger's Bagels in New York. Bloomberg (3/4) LinkedInFacebookTwitterEmail this Story
  • Growing Nigerian middle class spurs franchise expansion
    A rapidly growing middle class in Nigeria is inspiring an influx of franchise restaurants and stores in the African nation. Brands such as Johnny Rockets, Domino's Pizza, KFC and Cold Stone Creamery have established multiple units in the country's capital of Lagos and across Nigeria's southwest region. Although expansion into the country's market has its challenges, Nigeria's growing economy and eager middle class offer positive investment opportunities for franchisors. The Washington Post/The Associated Press (3/6) LinkedInFacebookTwitterEmail this Story
  • International expansion crucial in Krispy Kreme recovery
    Krispy Kreme experienced a difficult decline in 2004 that was wrought with quarterly losses, a Securities and Exchange Commission inquiry, rumors of bankruptcy and plummeting stock shares. Under new management, Krispy Kreme began to recover and has expanded internationally to the Middle East and Asia, with room for expansion in Latin America and Europe. New marketing that features "Hot Now" signs, an application and reformulated coffee have helped the company increase stock shares by 60% over the past year. Bloomberg Businessweek (2/22) LinkedInFacebookTwitterEmail this Story
  • IHG will expand Holiday Inn Express into Russia
    InterContinental Hotels Group has announced the entry of its Holiday Inn Express brand into Russia through a 15-hotel development deal with Regional Hotel Chain. The agreement will add a total of 2,250 rooms to IHG's development pipeline in Russia. The first two hotels will be in Voronezh and Chelyabinsk, and will open in 2014 and 2015, respectively. (free registration) (3/5) LinkedInFacebookTwitterEmail this Story
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  Best Practices & Business Leadership 
  • Leaders should serve themselves some humble pie
    YouTube/John Baldoni
    The best leaders tend also to be the most humble, John Baldoni says in this video. Business schools might not teach humility, but bosses who can check their egos at the door are more likely to command respect and loyalty. "Leaders who value humility are the ones other people want to follow," Baldoni writes. SmartBrief/SmartBlog on Leadership (3/1) LinkedInFacebookTwitterEmail this Story

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  Trend Watch 
  • Economists maintain positive outlook for hotel industry
    A panel of economists during a session at this week's International Hotel Investment Forum in Berlin forecast steady improvement for the hotel industry despite continued economic uncertainty in several markets worldwide. "I can forecast that the future will be very difficult and it will be tough to navigate the waters ahead, but luck plays a dominant role and I think we're lucky to be in the travel and tourism industry. This is an industry that will benefit from the mass effect of so many [middle-class] travelers coming abroad," said Thierry Malleret, managing partner of the Monthly Barometer. Hotel Management online (3/4) LinkedInFacebookTwitterEmail this Story
  • Casual chains feel the winds of change
    The economic downturn has driven more consumers from casual chains toward lower-priced, fast-casual eateries and the occasional higher-priced splurge. U.S. consumers made about 600 million fewer visits to casual eateries last year compared to 2008. "We know casual dining is not the bright, shining star that it used to be," Brinker CEO Wyman Roberts said. Orlando Sentinel (Fla.) (3/2) LinkedInFacebookTwitterEmail this Story
  News from IFA 
  • Employer mandate changes to Affordable Care Act would ease burden on small businesses
    Congress and the administration must find better solutions that allow small businesses to implement the Affordable Care Act efficiently, according to Shelly Sun, co-founder and CEO of BrightStar Care and a member of the IFA board of directors. Sun testified Tuesday before a House Ways & Means Oversight Subcommittee hearing, "Tax-Related Provisions in the President's Health Care Law." "The Affordable Care Act is anything but affordable," Sun said. "It adds taxes, costs and fees, while threatening the economic viability and job creation opportunities for many of our nation's small businesses." Specifically, Sun argues for changes that would relieve part of the burden of the employer mandate, while providing small business owners with the certainty they need. LinkedInFacebookTwitterEmail this Story
  • Legal Symposium -- A resource to enhance the future of your business
    The IFA Legal Symposium, which takes place from May 5 to May 7 in Washington, D.C., takes on critical regulatory and business issues affecting the franchise environment with sessions headed by leading legal experts. Topics will include implementing franchise system facelifts, protecting customer data, SBA financing process realities, international expansion in high demand markets and much more. Register now. LinkedInFacebookTwitterEmail this Story
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Learn more about IFA ->Join IFA  |  Govt. Relations  |  IFA Events  |  Franchises  |  Suppliers

  Policy & Finance Update 
  • Caldeira: Small businesses are the key to economic growth
    Controlling federal spending and reining in unsustainable debt should continue to be a top priority for Washington, write IFA President and CEO Steve Caldeira, National Small Business Association CEO Todd McCracken and CEO of the National Association of Development Companies Beth Solomon. Small businesses can fuel economic growth if incentives are offered to help them become established and expand so they can hire more workers, they write. Lawmakers should also prioritize improved access to capital and avoid strict regulations and taxes, Caldeira, McCracken and Solomon added. Politico (Washington, D.C.) (3/5) LinkedInFacebookTwitterEmail this Story
  • Bill to raise federal minimum wage draws criticism
    Lawmakers introduced a bill on Tuesday to increase the federal minimum wage by almost 40%, up from $7.25 per hour to $10.10 by 2016. The bill, which also stipulates that minimum wage be indexed to inflation after 2016, drew criticism from industry groups such as the IFA and the National Restaurant Association. "Increasing the minimum wage will not increase opportunities for these younger entry-level workers, but rather will make it harder for employers to offer these positions by driving up payroll and labor costs -- in effect hurting the people proponents of raising the minimum wage want to help," said Judith Thorman, IFA senior vice president of government relations and public policy. Nation's Restaurant News (free registration) (3/5) LinkedInFacebookTwitterEmail this Story
  • Bennigan's CEO responds to Buffett's letter to shareholders
    Bennigan's CEO Paul Mangiamele responded to Warren Buffett's annual letter to shareholders on Tuesday, saying small businesses have been hit with the bulk of federal tax increases and the impending requirements of new health care legislation. Mangiamele stated the Obama administration should be offering more incentives to small businesses and creating better access to capital. "The capital is just not there," he said. Fox Business/Cavuto (3/4) LinkedInFacebookTwitterEmail this Story
Every time you spend money, you're casting a vote for the kind of world you want."
--Anna Lappé,
American writer, speaker and activist

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