The Online Magazine for Entrepreneurs, Franchisees and Franchisors
OATH PIZZA FRANCHISE PARTNER Launches New Fast-Casual, Feel-Good Pizza Concept in El Segundo...Oath continues its nationwide expansion through its optimization of the brand and business under the leadership of former Chipotle executives. Oath franchising is now available to applicants nationwide. The opportunity has quickly risen to a top business consideration for its future-forward advantages: a small footprint, simple operation, reliable supply chain, and minimal labor requirements per shift.
WHEN “COMMON SENSE” ISN’T SO COMMON. REQUEST FOR INFORMATION – FRANCHISING REGULATION – FTC...The American Association of Franchisees and Dealers (AAFD.org) was founded in May of 1992 with its original mission to “Bring Fairness to Franchising” and it hasn’t stopped since. In fact, its “Franchisee Bill of Rights” was promulgated in 1996 and still stands today as the definitive objectives to be achieved by Cherished Franchisees.
MASTERMIND MINUTES... Each edition last approximately 20 to 25 minutes and features an expert guest covering one question. The entire series is posted on this page so you can binge watch back-to-back "episodes". Three to five new editions are added each month so keep coming back to view the experts on an insightful topic that is sure to help you build, grow and run your business.
FRANCHISING STRATEGY: STRATEGIC BUSINESS PLAN DEVELOPMENT...As with any business, you must have a solid business plan. Do not think that you can start a franchise without a good plan. The plan is a roadmap to how you will operate, how you will reach new franchisees, how you will market your business and must have solid financials
How Business Leaders Can Prepare for a Possible Recession this YearHOW BUSINESS LEADERS CAN PREPARE FOR A POSSIBLE RECESSION THIS YEAR...The good news is that despite these expectations, most midsize (66%) and small business (72%) leaders remain upbeat about their own company’s performance, and are focused on growth, hiring plans and other elements within their control.
GROW LEADERS WITHIN YOUR RANKSGROW LEADERS WITHIN YOUR RANKS... If you want to increase retention and expand diversity in the restaurant business in 2023 – especially in leadership, on boards and with founders of growing brands – start with education. The restaurant industry has an information problem. Historically, most restaurant education is limited to on-the-job (OTJ) training, which presents numerous challenges.
HOW TO SOLVE THE BIGGEST CHALLENGES OF A HYBRID WORKFORCEHOW TO SOLVE THE BIGGEST CHALLENGES OF A HYBRID WORKFORCE. According to Forrester, 70% of U.S. and European companies will pivot to a hybrid work model post-pandemic. What’s more, 75% of CEOs expect their office spaces to shrink, so the space that is retained must be intentionally created with hybrid in mind.
HOW TO SELECT THE OPTIMAL VALUATION TECHNIQUE FOR YOUR STARTUPHOW TO SELECT THE OPTIMAL VALUATION TECHNIQUE FOR YOUR STARTUP...Revenue multiples are helpful for both private companies (which lack stock prices) and public companies (for which stock prices are readily available). They're also beneficial for businesses with low sales because they're less affected by fluctuations in gross margins and other financial metrics that may fluctuate based on industry trends or economic conditions during the analyzed period.
TIPS ON COMMUNICATING SUCCESSFULLY WITH YOUR EMPLOYEESTIPS ON COMMUNICATING SUCCESSFULLY WITH YOUR EMPLOYEES.When you are in charge of anything, communication is a crucial aspect of the task, but its relevance increases if you are in a leadership role regarding employees. The method in which you interact with your employees may have a substantial impact on how they feel about their jobs and the quality of work they do. You want them to feel heard and appreciated. You also want them to feel free to make mistakes without fear of censure or punishment. However, accountability for their actions should not be overshadowed by communicating in such a way that they are not aware of a mistake. It's how you use the mistake to improve that count. ..
6 WAYS TO FINANCE A START-UP SMALL BUSINESSThey expect to be paid back with interest and generally require collateral (such as property) in case your business defaults on the loan. If you can find someone willing to do this type of lending, and if all else fails, then this may be worth considering. However, small business owners need to exhaust other options first before seeking out private loans as they tend not only to be expensive but difficult for borrowers because they lack flexibility compared with other forms of financing, such as SBA loans which offer more favorable terms including lower rates and more extended repayment periods.
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