The folks at CNBC know how important the franchise industry is to the US economy. here, in an interview with the IFA's Matt Shay, a good discussion ensues. Also, a new franchisee of the UPS Store makes his case on...
Economy
Joel LibavaToday’s Credit Landscape; What Should You Do?
(From Wikemedia Commons, taken by Jonathunder, January 2009. Winona Savings Bank, Winona, Minnesota) I have been writing and talking about the credit crisis, and how it's affecting the franchise industry for almost...
Kauffman Foundation Funded Study Reveals GLOBAL Impact Of An Economic Recession
In a study just released, and brought to my attention via M Booth And Associates in New York City, there is clear evidence of the impact of this recession on the world entrepreneur community. The Organisation for...
The Franchise King® Is Not Being Paranoid
Small Business Loans Drop By $10 Billion (From CNN.com, today) "Some banks are unapologetic about their cutbacks. Small business defaults are soaring, and banks are under pressure to shore up their balance sheets...
Is The US Economy Really Improving?
I keep hearing that the US economy is showing signs of improvement. But, where am I hearing that? Cable news networks Some newspapers Some small business owners I'm also hearing the opposite. I'm hearing some...
Will Health Care Reform Affect The Franchise Industry? The Debate Continues
The Health Care Reform debate continues to rage on. As it should. Our new President is following through with one of his promises. His timing may not be the best, as our current unemployment numbers are higher than they...
40 Year Pizza Hut Franchisee Shares His Business Survival Tips
Paula Schleis, an energetic Akron Beacon Journal reporter, interviewed Pizza Hut franchisee Tony Szambecki recently, who shared his business wisdom with her. ''The first goal of business is to survive. It's...
Cincinnati Franchises Being Purchased By Downsized Workers
"Welcome to the franchising world in a sour economy. Former executives from around the country are deciding to become franchisees. When you buy into a franchise business, you get marketing, advertising and training...
Meal Prep Franchises Are Choking
As I predicted, the franchise business model of meal assembly is a bust. The lousy economy is certainly not a boost to this business model that was thought out without the input of people that actually are in the...
Papa John’s Suspending Scheduled Franchisee Royalty Increase
For the first half of 2009, Papa John's said it was suspending the 0.25 percent royalty rate increase scheduled for January. It will also provide royalty relief and local marketing support for struggling franchisees...
Will Twitter Crash During The Presidential Election? Will It Be My Fault?
I will be LiveBlogging the Presidential Election in conjunction with WKYC-TV, the NBC affiliate in Cleveland. I will be joined by such local luminaries like Michael DeAloia, George Nemeth and others, at the TV Studio. I...
Franchise Fears; Still Fearful About The Economy?
In this month's Poll Question, I asked : "If you were thinking about becoming a franchise owner before the financial crisis, have you changed your mind?" 84.6% said Yes15.4% said No Here is what I have to...
US Elections Will Impact The Franchise Industry; Op-Ed
Actually, the upcoming election will impact all of us….
So, which Presidential candidate are you going to vote for?
Payday Loan Franchise Companies Are Mad At This Franchise Blogger!
A small part of the franchise industry is mad at me. I wrote a short article about an upcoming Ohio vote in November that would keep the interest rate cap for payday loans at a really fair 28%. Our Governor stepped in a...
Cleveland Franchise Consultant Breaks Bread With The Fed
Breaking bread with The Fed is really what I said. Yesterday, I joined 24 other Cleveland small business owners at The Federal Reserve Bank of Cleveland, one of 12 Federal Reserve Banks in the US. The Federal Reserve...
The Economy’s Impact On The Franchise Industry; Radio Interview
A couple of weeks ago, Barbara Weltman asked if I would come on to her Radio Program to discuss the economy, and it’s impact on the franchise industry. Barbara hosts "Build Your Business Radio." Barbara...
Pizza Franchise May Give Its Franchisee’s Loans
Domino’s Pizza, a large public company, and a franchisor, posted a weaker-than-expected quarterly profit due to a sharp drop in U.S. sales, the biggest independent U.S. pizza chain said on Tuesday, and its shares...
Franchise Caution; Choose Opportunities Wisely During Tough Times
It has been said that when times are tough, the opportunistic types seem to crawl out from under their rocks. The upcoming months will feature plenty of them, I am sure….
Franchise Ownership; Are You Going To Go For It?
My friend, Jim Kukral, is a guy who "walks the walk." What I mean by that is he is constantly making recommendations to others about what they should be doing, marketing wise, and he actually does them...
Barbara Weltman To Interview Joel Libava Monday On " Our Down Economy; Impact On The Franchise Industry."
WS Radio Network! Monday, October 6th, be sure to tune in to "Build Your Business Radio", with economic expert and author, Barbara Weltman, at 4:00PM. Barbara has invited me to join her live on her radio show...
Green Franchise Scores A Post; In The HUFFINGTON Post!
WOW! I know of one franchise concept that is probably not having any trouble finding new franchise owners. I have written about their food franchise several times in the past two years, and their concept is right for...
Franchise Companies Getting Agressive;Wooing The Franchise Buyer
One can’t sell if they are no buyers. With the current economic situation, more and more franchise companies are starting to get aggressive as they try to find potential new franchise buyers. Discounts, and other...
Restaurant Franchise Financing IS Getting Rather Challenging
Financing a restaurant franchise may have just become a little more difficult. Especially when one of the big boys decides to pull in it’s reins. GE Capital is the latest finance institution to admit that it is...
The International Franchise Association’s Stance On The Proposed Bailout
The International Franchise Association {IFA} has decided to take a stance on the administration’s proposed financial bailout of Wall Street, and it’s close cousin’s, the mortgage companies. Here is...
I’ll Buy A Franchise When….
With the general uneasiness about the economy, the elections, the weather, the stock market, the banking issues, etc. maybe you should just wait until everything lines up perfectly for you-before you have any crazy...
Global Franchising; South Africa Franchise Expo
Downtown Johannesburg, South Africa With all the talk about the US economy, maybe the place to be is in South Africa. This weekend, franchise companies will descend in droves to the Gallagher Convention Centre, Midrand...
Creative Franchise Marketing? Or Desperation?
Incentives Some franchisors are using some major creative incentives to bring new franchise owners on board. Could the lousy economy be to blame? {Let’s blame something..or somebody!} Those of you who subscribe to...
You Really Want To Work For Someone Else?
From Yahoo News– "The Labor Department said another 450,000 workers filed new claims for jobless benefits last week, down 10,000 from a week earlier but still at levels that are associated with recession. In...
