#franchisedevelopment

Businesses Recruit Minority Franchisees to Improve Innovation

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 …

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Franchise Expansion – “Dayparts”

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 …

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

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 …

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Franchisor Supply of Goods: Pros and Cons

In a recent article appearing on Yahoo! (The Amazing Facts About Domino’s Dough), it was reported that more than half of Domino’s annual revenues are derived from the supply of ingredients and goods to its restaurants, the majority of which are franchised. This model varies from the model utilized by other large restaurant franchisors (McDonalds, …

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Restaurant Franchises Battle Data Thieves

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 …

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