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November 28, 2012News for the franchise sector

  Franchise News 
 
  • Dunkin' Brands CEO discusses health care, "fiscal cliff"
    Dunkin' Brands CEO Nigel Travis says the company has been making headway on working with the government on the health care law. "We've been working with the administration on trying to get the rules amended and I think we will." Travis also said his company would like the opportunity to provide input to the administration on the "fiscal cliff." He noted the franchise and restaurant industries provide 9 million and 13 million jobs, respectively. Fox Business (11/27) LinkedInFacebookTwitterEmail this Story
  • How MOOYAH is achieving rapid growth
    MOOYAH Burgers, Fries, & Shakes has grown rapidly in the past year, and it plans to continue its expansion in 2013. One strong source of growth has been through current franchisees who have opened new locations, according to MOOYAH's Michael Mabry. "The newer folks that are attracted to us see the success of our current franchisees and then come on board," he said. QSRMagazine.com (11/27) LinkedInFacebookTwitterEmail this Story
  • Bennigan's maps strategy for new franchise growth
    The comeback launched last year by Bennigan's Franchising Company gained momentum this year, growing to 34 domestic locations and 48 international units. Now, the company is planning ahead for next year with redesigned menus and a less-pricey fast-casual prototype designed to fit into non-traditional venues, said CEO Paul Mangiamele. FastCasual.com (11/27) LinkedInFacebookTwitterEmail this Story
  Best Practices & Business Leadership 
 
  • Intentions can add context to your 2013 goals
    Smart bosses try to communicate their intentions, not just broad goals, argues Dana Theus. Sharing intentions lets workers use their judgment to adapt to rapidly changing situations. "Intentions are specifically designed to include the information necessary -- including a broader picture of success -- enabling you to be flexible, creative and innovative when reality throws you a curveball," Theus writes. SmartBrief/SmartBlog on Leadership (11/26) LinkedInFacebookTwitterEmail this Story
  • Put poor performers back on the right track
    Research shows managers often spend one day a week focused on underperforming employees, but that time suck can be eliminated through immediate corrective action instead of waiting until a performance review, says Paul McDonald, senior executive director at Robert Half. Once the employee is given appropriate feedback and improvements are made, recognize it to "increase the chances that the improvement will continue," he says. Inc. online (free registration) (11/26) LinkedInFacebookTwitterEmail this Story
  Trend Watch 
 
  • Interest grows for all-inclusive resort model in the U.S.
    U.S. hotel firms are reportedly exploring opportunities in the country's all-inclusive market as demand for the segment continues to rise, this feature says. "The topic has been on people's radar for a decade, but the momentum has been more recent. And that interest is a response to the market and the companies that are already there," said Scott Berman, principal at PricewaterhouseCoopers. HotelNewsNow.com (11/26) LinkedInFacebookTwitterEmail this Story
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  News from IFA 
 
  • World-leading accreditation process to be introduced in Australia
    The Franchise Council of Australia, in association with the U.S.-based Institute of Certified Franchise Executives, has launched the Certified Franchise Executive program to its members. This joint venture will allow those in the Australian franchise sector to distinguish themselves as recognized professionals using the CFE post nominal title following designation. “Through our partnership with the Franchise Council of Australia we are expanding the network of franchising professionals around the world,” said ICFE Board Chairman Mark Liston, CFE. LinkedInFacebookTwitterEmail this Story
  • VetFran to be presented during Dec. 6 New England Franchise Association meeting
    VetFran Committee member and CEO and Founder of Décor & You Karen Powell, CFE, will be joined by U.S. Navy veteran and new Express Employment Professionals owner Greg Lavelle in presenting VetFran to the New England Franchise Association. The session is Dec. 6 from 11 a.m. to 1 p.m. EST in Framingham, Mass. Cost for the event is $40 and seating is limited to 40 participants. NEFA members receive $10 off. Veterans and the business community are urged to attend; NEFA membership is not required. Reservations, which can be made online or via e-mail, are required. LinkedInFacebookTwitterEmail this Story
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  Policy & Finance Update 
  • Lawmaker's bill would exempt small businesses from tax hikes
    Sen. Susan Collins, R-Maine, has sent a letter to congressional leaders that encourages them to consider a bill that would raise taxes on high-earning individuals while explicitly exempting small businesses from the hike. "One way to ensure that small businesses continue to grow and hire new workers is to protect them from any high-income surtaxes or rate increases," she said in the letter. The Wall Street Journal/Washington Wire blog (11/27) LinkedInFacebookTwitterEmail this Story
  • Restaurant executives concerned about cost of the health care law
    The potential impact of the health care law was a key topic of conversation at the recent Restaurant Finance & Development Conference in Las Vegas. The chief financial officers included in this article cite cost as one of their primary concerns. "We've heard how complicated these documents are," said Joe Koss, CFO for the Culver Franchising System. "You need good legal advice and consultants on the insurance side of the business." Nation's Restaurant News (free registration) (11/26) LinkedInFacebookTwitterEmail this Story
  • Why voicing an opinion is important
    One franchisee has backed down from his idea to include an "Obamacare surcharge" on customers' bills after facing a backlash. Meanwhile, IFA's Judith Thorman said the group opposed the health care law on the basis it "was misguided public policy that wouldn't result in better health care, but in job loss and a dramatic impact on the industry. ... We may not all agree, but I think it's good if everyone comes forward with their opinion, and that we have a dialogue on it." National Review (11/20) LinkedInFacebookTwitterEmail this Story
  • Commentary: Small business worries about "fiscal cliff"
    Small businesses have much to worry about with the "fiscal cliff," writes Kris Roglieri, president and founder of Prime Commercial Lending and Commercial Capital Training Group. Increased taxes on higher-income individuals will affect small businesses that declare profit on the owner's personal tax return. Lower small-business expense limits also will have a negative effect. The Washington Post (11/27) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
The foolish man seeks happiness in the distance; the wise grows it under his feet."
--James Oppenheim,
American poet, novelist and editor


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