#franchisedevelopment

The 21st century has marked dramatic changes in the face of America as it continues to evolve into a land with diverse cultures and ethnicity. Today, a variety of businesses tailoring to many different demographics and cultures are cropping up everywhere. Franchises are no exception. Recruitment of minority franchise ownership today is on the rise. According to …

Businesses Recruit Minority Franchisees to Improve Innovation Read More »

Franchisor growth plans frequently focus on developing new geographic markets and increasing the number of units. However, a growing trend for restaurant brands is to expand operations into other dayparts. (The term daypart has been borrowed from radio and television broadcasting by the quick service industry to refer to segments of a day; 6am to …

Franchise Expansion – “Dayparts” Read More »

Recent articles have suggested that social media is not a primary driving force of getting people to engage in e-commerce.  IBM says that only one percent of e-commerce this past Black Friday originated directly from a social network (For example, a connection to a website marketer made directly from Facebook).  This paucity of interest comes despite …

Businesses Have to be on Social Media – Don’t They? Read More »

We frequently meet with business owners who are considering expanding their business via the franchise model. Sometimes these are successful business owners who have developed two or three outlets and have independently arrived at the conclusion that further expansion would best be accomplished by franchising. Some of these people have come to us because they …

Franchise Your Business Read More »

When we first started this blog, one of our initial inquiries, in September 2008, concerned what a businessperson needs to know to evaluate whether or not their business can be franchised; our website discusses that question in detail. But this is a question that bear continued assessment. Many successful businesses that have developed strong brands and …

Can You Franchise Your Business? Read More »

In recent months, we have discussed some of the challenges U.S. businesses face when taking franchise operations across international borders. Franchising internationally has been an excellent business decision for a number of organizations, as it is often a logical step to take once the domestic market has become saturated. However, there are significant risks associated …

Franchising in India Read More »

Many business owners in and around New York City are concerned with theft. From shoplifting to timecard theft to being overbilled by vendors or contractors, theft can significantly impact a business’s bottom line. Recently, many business owners also find themselves dealing with a very elusive type of theft: the data breach. Franchises have become a …

Restaurant Franchises Battle Data Thieves Read More »

We have written recently about the efforts of American franchisors to franchise their businesses globally. New Yorkers who have traveled abroad know that it is often possible to find a taste of home in faraway lands. In Paris, we can grab a latte at Starbucks. In Hong Kong, we can have lunch at McDonald’s. In Stockholm, we …

Global Franchising Pt. 2 Read More »

As the economy continues to pick up, many entrepreneurs and investors here in New York as well as all over the country may look to expand their portfolios. For multi-unit franchisees, this might mean it is time to think about adding another brand. In fact, multi-brand franchising is a way not only to diversify one’s …

Is It Time to Consider Multi-Brand Franchising? Read More »