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So far KimWoods has created 20 blog entries.
22 06, 2022

“Learn How to Use Franchise Brokers To Grow Your Brand” via Zoom 6/23/22 3-5 pm

2022-06-22T19:17:37+00:00June 22nd, 2022|Franchise News|0 Comments

“Learn How to Use Franchise Brokers To Grow Your Brand”
Natalie Barnes, BAI and Karl Morningstar, The YOU Network
Zoom meeting 6/23/22 
(Free for NEFA members, small fee for non-members)

 

Attention Franchisors and anyone in franchising that wants to learn more about franchise consultants/broker groups.  If you want to start working with brokers and you are not sure how to get started….TRUST ME, you don’t want to miss this meeting. 

Even if you already work with these broker groups, or others, you are bound to learn some new strategies on how to bring your relationship to the next level.

Franchise Broker Groups that will present:

  • Natalie Barnes, President, BAI (Business Alliance)
  • Traci Mousetis of Affordable Business Concepts, LLC (ABC)
  • Karl Morningstar, CEO, The YOU Network
  • Elaine Vakalopoulos of Your Franchise Options
  • Suzanne C. Cummings, Esq., Cummings Franchise Law – Legal Update
  • Kim Vezina Woods, Franchise.com Network – Spotlight

Below are a few highlights of things you’ll learn:

  • How to […]
5 04, 2022

PropertyGuys.com Named a Top Recession-Proof Real Estate Business for 2022 by Franchise Business Review

2022-04-05T20:54:12+00:00April 5th, 2022|Franchise News|0 Comments

April 4, 2022– PropertyGuys.com has recently been named a top franchise by Franchise Business Review in its report on the Top Recession-Proof Franchises for 2022.

PropertyGuys.com and their franchise network has taken a bold approach to real estate over the past 23 years. As the Globe’s Largest Private Sale Franchise Network, the company has helped over 100,000 home sellers discover a smarter way to buy and sell. The company has built a very unique hub to complete the full real estate transaction. Everything from listing on their exclusive platform, global exposure, to help and guidance along the way to a success sale. PropertyGuys.com also offers direct integration to Mortgage Services, Rentals, and Legal assistance.

Franchise Business Review (FBR) provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. […]

20 04, 2021

NEFA MISSES YOU!

2021-04-20T12:38:57+00:00April 20th, 2021|Franchise News|0 Comments

NEFA is planning a summer/fall in person networking event. More details to follow in the next month or so.

Please direct questions or comments to info@newenglandfranchiseassociation.com

25 02, 2021

Even Amid Pandemic, Many Franchise Prospects Top Six Figures in 2020 Household Income

2021-02-25T15:36:34+00:00February 25th, 2021|Franchise News|0 Comments

Feb. 24, 2021 – More than a third of prospective franchisees earned household incomes greater than $100,000 in 2020, a relatively stable percentage despite the pandemic’s effect on employment for the better part of the year.

For this analysis, Franchise Ventures scored its pool of investment inquiries with demographic data from Alliant, a leading provider of U.S. consumer audience targeting and data enrichment and predictive analytics.

  • Overall, 35% of new-investment prospects in 2020 had  estimated household income over $100,000. That’s down slightly from 37% in 2019.
  • Generation X, ages 40 to 55, represents almost half of all franchise prospects, and had 38.6% maintaining $100,000+ household income last year, down from 41.2% in 2019.
  • Baby Boomers, ages 56 to 74, comprise a quarter of aspiring franchise owners, and are on par with Gen X for […]
29 07, 2020

‘Be My Own Boss” Continues to Rank as No. 1 Motivation in Small-Business Ownership Survey

2020-07-29T18:43:25+00:00July 29th, 2020|Franchise News|0 Comments

“Be My Own Boss” Continues to Rank as No. 1 Motivation in Small-Business Ownership Survey

The pandemic has not changed the primary drivers of business ownership — independence and controlling your own destiny remain the most powerful motivations for owning a business. In fact, working for oneself is the No. 1  reason cited by entrepreneurs researching ownership across the leading  network of online franchise information directory brands

  • “Be my own boss” was the No. 1 reason selected when asked “Why do you want to own your own business?”, with 88.4% of the responses in Q2 2020. That’s down slightly from 86.7% in Q1, but the same response rate as Q4 2019.
  • The survey allowed multiple responses, and many entrepreneurs also selected “Income Potential” as an additional reason – it ranked a strong No. 2, with 71% […]
8 04, 2020

Federal Accounting Standards Board (FASB) delayed implementation of their ASC 606 revenue recognition rules for one year!

2020-04-08T20:27:05+00:00April 8th, 2020|Franchise News|0 Comments

Dear IFA Member:

I am writing to share an important, exciting – and non-coronavirus – piece of good news. This morning, the Federal Accounting Standards Board (FASB) delayed implementation of their ASC 606 revenue recognition rules for one year!

While addressing the economic impacts of COVID-19 has been our primary focus over the last month, we have continued to press forward with our other franchising priorities, particularly the 606 recognition rules as FDD filing deadlines loom ahead.

Over the last several weeks, IFA staff and members have had several important and direct conversations with FASB, including with the current Chair, Russell Golden, and other members of the Board and technical staff. Today’s announcement is the result of that – it’s even more impressive that this delayed implementation is exclusive to franchises!  

Following this morning’s decision, FASB will begin the process of taking public comment on an alternative accounting standard for private sector businesses (an “expedient”) that will […]

3 04, 2020

TURNING THE FRANCHISE BUSINESS BACK ON

2020-04-03T19:26:45+00:00April 3rd, 2020|Franchise News|1 Comment

TURNING THE FRANCHISE BUSINESS BACK ON

Re-Opening Soon

THE DRAMATIC MORPHING, SCALING BACK AND, IN MANY CASES, SHUTDOWN OF FRANCHISING DUE TO SOCIAL DISTANCING IS GOING TO END SOON. NOW IS THE TIME TO PLAN HOW TO SCALE YOUR FRANCHISE SYSTEM BACK UP.

By MSA Worldwide

We are living through unprecedented times, with an uncertain timeline for when any sense of normalcy will return. The government’s guidance for re-opening parts of the economy has continued to change as circumstances on the ground change; it may be summer before we begin to see some franchise systems open again for business. Since the shutdown we have been […]

3 04, 2020

Buyer Sentiment Survey: Franchise Inquirers Looking Past Pandemic Effects

2020-04-03T19:23:23+00:00April 3rd, 2020|Franchise News|1 Comment

Buyer Sentiment Survey: Franchise Inquirers Looking Past Pandemic Effects

Respondents to a March 17-19, 2020 poll of aspiring franchise owners showed slightly more reserve than in previous surveys, but less than one would imagine given the impact of Covid-19 on business and the markets. Granted, these respondents are stepping forward at a time like this to consider business ownership, so they do not represent the general population or overall consumer confidence.

Do You Agree that Now is a Good Time to Start a Business?

Over 55% agree or strongly agree that “now is a good time.” For context, this may be explained by the time horizon for the search process — 48% of respondents expect to start a business within the next three months, and another 16 percent within four to six months.

 

Are you more or […]

20 03, 2020

Franchise group calls for $300 billion in federal assistance

2020-03-20T17:54:14+00:00March 20th, 2020|Franchise News|1 Comment

The International Franchise Association (IFA) is asking congressional leadership for the creation of a $300 billion fund to provide liquidity to franchises struggling through the coronavirus pandemic.

Up to 393,000 franchise jobs could be lost from a 90-day shutdown, the IFA warned. The U.S. franchising community is comprised of more than 733,000 establishments that employ over 7 million individuals and contribute $674.4 billion to the U.S. economy.

The IFA also found that approximately 20,000 to 30,000 franchise businesses will lose liquidity in the next 45 days if immediate relief is not provided.

It is calling for the creation of a Treasury Department-administered Small Business Workforce Stabilization Fund and Small Business Stabilization Account to provide immediate support to employers that keep employees on payroll and streamlined access to capital so businesses can grow when the epidemic passes.

“IFA members include franchise companies in over 300 different business format categories, from hotels to restaurants, hair salons to in-home health […]

21 02, 2020

One Step Forward, Two Steps Back … That’s Franchise Law Right Now

2020-02-21T15:38:28+00:00February 21st, 2020|Franchise News|0 Comments

It not clear that laws should be made based on cases involving one franchisor, but lately it seems that McDonald’s is at the center of some important legal issues for franchising in the United States.

It not clear that laws should be made based on cases involving one franchisor, but lately it seems that McDonald’s is at the center of some important legal issues for franchising in the United States.

The looming question for franchising since the 2015 National Labor Relations Board (NLRB) decision in the Browning-Ferris Industries case has been the joint employer standard. For the 30 years prior to Browning-Ferris Industries, the NLRB consistently maintained that to find a joint employer relationship, two separate entities must share “direct and immediate” control over the essential terms of employment. In Browning-Ferris, the NLRB decided that a staffing […]