One of the most important steps that a franchise business can take to ensure that it is following all necessary regulations is to define the expectations that both franchisor and franchisees have for the business.

The art of selling franchises is nothing new, but it is ever-changing. Things simply are no longer done the “old way” and in order to continually see success, you will need to adapt.

A thoughtful approach to new market development is critical to the expansion plans for any franchisor.

With new federal laws posing challenges to the business model, it’s critical for those involved in the industry to gather in Las Vegas and present a unified voice about the positive impacts of franchising on local communities.

Of the 277,950-plus employees the franchise industry hired last year, roughly 27,795 were labeled as bad hires. That’s one out of every 10 employees.

Once you’ve made a decision to start a FAC, there are a number of factors to consider, including whether to start an association or FAC, how many members should be involved, how long the terms should be for members, and what powers members will have

Sooner rather than later,  franchisors should consider how to adapt their trademark protection strategy in the U.K. and EU to take account of impending changes resulting from Brexit.

In its final year, the Obama Administration has been churning out new regulations at a feverish pace, sometimes issuing hundreds of new regulations each day. One recent safety and health regulation may greatly affect franchises in numerous business lines.

Serving others demands many skills, including dedication, humility and a passion to give back to those in need.

The competitive edge and work-life balance is found in the mindful process of stepping back, prioritizing the choices coming in, and making good decisions on the things that really impact results.