16 06, 2020

Successfully Exit Your Business and Regain Your Freedom

2020-06-16T14:45:24+00:00June 16th, 2020|Franchise News|0 Comments

Exclusive Business Owner Workshop – Rebuild and Exit

We’re looking for a handful of business owners to participate in our exclusive workshop: Rebuild Your Business With Your Exit In Mind.

If you:

  • Are tired and ready to plan your exit
  • Need to rebuild the value of your business as a result of the COVID-19 crisis
  • Want to sell or transfer your business but don’t know where to start
  • Would like to understand what your options are

then Rebuild Your Business With Your Exit In Mind may be perfect for you.

Here’s some of what we will work on together:

  • How to rebuild your business to maximize value
  • How to achieve your personal financial exit goals
  • The pros and cons of selling internally versus externally
  • How to avoid the Top Ten Deal Killers while selling your business
  • How to implement your personalized plan

You will come away from the workshop with a step-by-step […]

28 05, 2020

Virtual Engagement: Tools and Tips for Keeping Attendees Playing Full On!

2020-05-28T18:00:53+00:00May 28th, 2020|Franchise News|0 Comments

Sad but true, most virtual events are not very engaging. Effective virtual meetings leverage diverse, creative, and playful ways to keep participant’s attention.  No matter if your virtual event is an internal team meeting, a franchisee update or training, or a system-wide franchise convention, this interactive workshop will add effective tools to your toolkit for keeping your attendees Playing Full On!

Come and have some fun with us!
Evan Hackel, CEO of Tortal Training & Ingage Consulting
Katrina Mitchell, Chief Match Maker, SPEAK! FranchiseSpeakers.com 

Wednesday 6/3/20 at 2:00 ET / 12:00 MT
https://zoom.us/meeting/register/tJAud-mhrz4iGNALd04axUZOTSAxNAYicgj3

24 04, 2020

Welcome to the Virtual World

2020-04-24T14:58:29+00:00April 24th, 2020|Franchise News|0 Comments

We are all learning new ways to work from home and have our company and our communications be just as strong as they were when we were in the office.   Evan Hackel has been running his whole company virtually for the last 7 years so he is the perfect person to lead this discussion.

In this interactive webinar workshop, we discussed the power of virtual meetings, distant learning and conferences.  Our facilitator for this meeting was Evan Hackel the CEO of Tortal Training.  He shared best practices, as well as leading interactive discussion.
Originally Presented on: Apr 23, 2020 11:00 AM Eastern Time (US and Canada)

View the Webinar in it’s entirety here!

 

14 04, 2020

Supporting Strategies Marks Opening of 100th Location

2020-04-14T13:02:40+00:00April 14th, 2020|Franchise News|0 Comments

This originally appeared on supportingstartegiesfranchise.com

Beverly, MA – Supporting Strategies, a provider of outsourced bookkeeping services, controller services and operational support, has announced the opening of its 100th location, Greater Cincinnati Ohio owned by Managing Director Craig Feltner.

The company reached this milestone just seven years after launching its franchise model.

“We have added franchises on a steady basis since 2013 and now have a presence in 30 states,” said Leslie Jorgensen, Supporting Strategies Founder and CEO. “The strong response to our franchising opportunity has been gratifying to see, as has the success of our family of franchisees.”

According to a story by the Franchise Performance Group, only 18% of the 3,800 franchise brands in the United States have more than 100 units or territories.

“Early on, we made a real effort to find out what worked, and what didn’t work, for our initial franchisees,” said Steve […]

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|0 Comments

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|0 Comments

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|0 Comments

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 […]

12 02, 2020

Richard Gill, Aflac Agent joins NEFA

2020-02-12T19:19:00+00:00February 12th, 2020|Franchise News|0 Comments

Richard Gill, Aflac Agent joins NEFA

 

We are pleased to introduce Richard Gill, a new member of NEFA.  As an independent agent representing Aflac, Richard’s goal in joining NEFA was to expand his service to the franchise community offer by offering products and services through franchisors and franchisees to benefit their employees. Aflac products, which are 100% portable, may be company sponsored or offered to the employees on a voluntary basis through payroll deduction.  These plans have increased popularity with employers looking to attract and retain high quality employees.

Aflac Products include:

1 – Accident Plan – pays when treatment is received for accidental injuries including lacerations, burns, fractures, concussions, surgeries etc….

2 – Cancer/CI – pays when insured is diagnosed, treated, hospitalized/surgery for things like cancer, heart attack, stroke, paralysis, coma…..

3 – Hospital Confinement – pays when admitted to hospital (maternity included) to help cover deductibles

4 – Life Insurance – both term and […]