After more than three years of murky, government-inspired “joint employment” liability looming over franchises, the IFA-led effort to fight back recently reached a new high point. On July 27, the 115th Congress introduced a bipartisan bill entitled the Save Local Business Act (H.R. 3441), and its intent is to provide clarity on all the joint employment compliance questions that have faced franchise owners over the past three years.

Many franchisors operate under the assumption that they can afford to wait to contact their leads, but even the most qualified prospect is less likely to become your next franchisee the longer you delay.

Pervasive as it is, social media is still the "final frontier" for many franchise lead generation campaigns.

A great franchise concept represented by empowered development people to quality prospects who like the real-life opportunity, and train well to execute it, will result in a fantastic success story.

The many benefits of the franchise system have been well documented, as each year it gives thousands of talented entrepreneurs the support they need to successfully run their own business. One aspect of franchising that tends to fly under the radar is the reliability of service customers receive that comes through many years of consistent ownership at a given business location.

IFA presented the 2016 Bonny LeVine Award to Great Clips CEO Rhoda Olsen during the 2017 IFA Convention in Las Vegas. Olsen is a strong advocate for diversity in franchising and works to increase opportunities for women in leadership positions.

 

A royalty transaction is a new liquidity option available to owners of high quality franchisors. It provides the liquidity of an outright sale while allowing franchisor owners to retain 100 percent ownership.

As a family-owned franchisor evolves over time, the company is often in a unique position as it shifts from a family-focused organization to a corporately structured brand.

The first half of 2017 saw the number of states passing proactive joint employer bills double to 18.

 

The culture and contribution you make to your customers, your community, and other stakeholders thrive with trust. Indeed, trust is the very currency of great franchisor/franchisee relationships, and nothing is as fast as the speed of trust.