How to make the most of mall locations | My Salon Suite to offer stylist business spaces in Calif. | Little Caesars founders to be added to IFA's Hall of Fame
 
 
February 17, 2016
IFA SmartBrief
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Franchise NewsSponsored By
Hospitality industry offers rewarding careers
Working in the hospitality industry provides opportunities for people to work their way into the middle class, says Joseph Kadow, who left a job at a law firm to become chief legal officer for Bloomin' Brands. "There's an under-realized aspect of the industry. There are opportunities for someone to work as a manager in a restaurant without a college degree and make an upper-middle class salary before they're 30," Kadow says. Tampa Bay Times (St. Petersburg, Fla.) (2/13)
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How to make the most of mall locations
Mohammad Mansour, who at age 25 is a franchise operator for brands such as Zoup!, Smoothie Factory and Red Mango, sees mall locations as potentially lucrative spots for franchisees. Mansour's keys to making a mall location work include learning about the space, picking the right concept and turning mall employees into customers. QSR Magazine (2/2016)
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My Salon Suite to offer stylist business spaces in Calif.
My Salon Suite will develop three 5,000-square-foot spaces with 20 to 30 suites each where stylists can rent space to open their own businesses in Orange County, Calif. The spaces include equipment, electricity and all other fees. The first facility is slated to open this summer. The Orange County Register (Santa Ana, Calif.) (free content) (2/10)
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Little Caesars founders to be added to IFA's Hall of Fame
IFA will honor Little Caesars founders Mike and Marian Ilitch with the Hall of Fame Award at the annual convention in San Antonio. The couple's first store opened in Garden City, Mich., in 1959, and they began franchising a few years later. Now there are more than 4,000 locations, including stores in every state and 18 international markets. Crain's Detroit Business (2/16)
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Domino's franchisees seek to preserve predecessor's charitable legacy
Freddie Wehbe, a franchisee for Domino's in Florida, is passing the torch to a new ownership group. He sold a majority stake in his company, called Gator Domino's, to Erin Mullins and Keith Smith, who share his background as delivery drivers and his interest in giving back to the community through donations and other events. "We are here to be proud partners in the community and to give back to the community," Smith said. The Gainesville Sun (Fla.) (2/16)
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The 4 Steps to Franchise Growth
The fastest-growing and most successful franchises know that customer analytics help to maximize territory development and ultimately sell more franchises. Learn how customer analytics can help optimize your expansion efforts in this checklist, which outlines four key strategies to ensure your franchise's growth.
 
Best Practices and Business LeadershipSponsored By
How meditation can make you a better boss
Mindfulness meditation is one way leaders can become more self-aware and less reflexive in their leadership, writes Manish Chopra. Whatever the outlet, find something that takes you away, even momentarily, from the constant demands of work. Doing so will help at work, too; Chopra notes how "regular meditation has helped me better identify those things that I truly need to be involved with and those that could carry on without my direct involvement." McKinsey (2/2016)
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Assumptions kill communication
Conversations become frustrating when people are focused inward rather than on others, which often results in "a deep gulf in understanding," writes Harvey Schachter. "Don't assume subordinates know as much as you do," he adds. "At the same time, don't drone on with everything you know, to compensate." The Globe and Mail (Toronto) (tiered subscription model) (2/14)
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Finding Franchisees is a Science with Proven Match
Don't waste time guessing which candidates will succeed in your system. Learn how to better identify top-performing candidates, qualify them and onboard only the best. Applying science-based insights, Proven Match helps franchisors discover their ideal franchisee profile. Contact Proven Match for your complimentary consultation today!
 
Trend WatchSponsored By
Wendy's sees success with premium add-ons, healthy options
Wendy's is capitalizing on market trends with new limited-time products and choices aimed at health-minded diners, including salads and a new grilled chicken sandwich. Chief Concept and Marketing Officer Kurt Kane said the brand has seen particular success with topped fries. "And really all those are is just a simple indulgence for consumers. They also are great check builders as well," said Kane. FoodBusinessNews.net (free registration) (2/16)
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Smart Choice. Smart Investment.
Join an industry leader with 30+ years of providing world-class education to students. Kids 'R' Kids Learning Academies offers a proven business model, strong brand recognition, unparalleled support systems and proprietary curriculum in its more than 160 locations in 16 states. Visit kidsrkidsfranchise.com to learn more.
 
News from IFASponsored By
Check out #IFA2016 concurrent sessions in San Antonio
Learn about franchise employment law, the joint employer standard, supplier partnerships, improving communications, outsourcing sales, addressing a PR crisis, mergers and other hot topics during the concurrent sessions as part of #IFA2016. Check IFA's mobile app for more sessions and room locations.
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Download the convention app to maximize your #IFA2016 experience
Get connected with IFA's mobile app again this year and enhance your convention experience. Gain 24-hour access to the schedule of events, speaker PowerPoints and our interactive trade show floor plan! Click here to download.
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Secrets & Habits of a Highly Successful Franchisee
Planning an Owners Conference or Meeting this year or next? Christy Wilson Delk is a Business Professor of Entrepreneurship with 17 years of corporate experience and 15 years of Successful franchise ownership under her belt.
Watch her clip for tips on "Leadership and Going Big"
 
Policy and Finance Update
Opinion: Tax and regulatory reforms needed to help entrepreneurs
Burdensome taxes and regulations are making it tough for small businesses to expand, writes Alfredo Ortiz, president and CEO of the Job Creators Network. "Labor regulations to increase the minimum wage, lower the overtime threshold and consider franchisees 'joint employers' with their franchisors, for instance, drive up the cost of hiring employees," he writes. In response, the Job Creators Network has launched an initiative to identify the most troublesome regulations. Las Vegas Review-Journal (2/14)
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SmartQuote
Don't wait until conditions are perfect to begin. Beginning makes conditions perfect."
-- Alan Cohen,
writer and motivational speaker
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