NEFA MISSES YOU!
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
20
04, 2021
18
03, 2021
IFA’s Franchise Relations Committee Virtual Roundtables
Thursday, March 25, 2021; 2:00pm – Thursday, March 25, 2021; 3:30pm
Speakers
Brian Schnell, CFE, Partner, Faegre Drinker Biddle & Reath LLP
Description
Make the 2021 IFA Convention A Franchise Relationships Difference Maker. Join us for IFA’s Franchise Relations Committee Virtual Roundtable (VRT) session on March 25, 2021. During the VRT, you and your fellow attendees will engage in a robust roundtable discussion facilitated by a group of your peers. Our focus will be exploring the key ideas, strategies and “aha” franchise relationship takeaways from the 2021 virtual convention and hearing from each other on ways to turn those takeaways into “real world” best practices that will make a difference for you, your system, your brand and all brand stakeholders. We hope you can join us. You […]
25
02, 2021
Even Amid Pandemic, Many Franchise Prospects Top Six Figures in 2020 Household Income
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 […]
11
12, 2020
Breaking News from Suzanne Cummings
This is a good morning for franchisors!
This morning, the Financial Accounting Standards Board (FASB) voted 4-3 to adopt a “practical expedient” for private franchisors”. This means that private franchise brands will be able to accurately and correctly reflect their revenue on their balance sheets in a way that works for the business model.
We will provide more information as developed.
17
11, 2020
Embracing the Unknown
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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. 