Are franchise fees and royalties giving you sticker shock?
Over the past three months, we’ve experienced a lot of challenges - wow!
Last month, we dove into the chaos of the COVID-19 CoronaVirus outbreak business shutdown and shared some ideas and tips to help franchise business owners. Much has happened in the past few weeks, and now I want to share ideas on taking steps to get ready for what’s next.
With the unexpected Covid 19 CoronaVirus outbreak, so much has changed over the past few weeks for everyone, including the franchise industry. Even though people and businesses were unprepared, we’ve seen a tremendous response on what can be done...
Just back from the IFA 2020 Convention in Orlando, what a blast! Attendance was at an all-time high for being at a non-Las Vegas location. Every year, it just keeps getting bigger and better, providing three plus solid days of top notch networking and learning opportunities for everyone, this year was no exception.
Last month people from all over the country gathered at what is considered by many to be their favorite franchise conference. The Faegre Franchise Summit, which hosts many high-performing franchisors and franchisees and sponsor supplier companies, was recently held in Minneapolis. Brian Schnell, lawyer at the firm Faegre Baker Daniels, organizes and leads this program and does a great job. He is willing to go so far above and beyond that he literally does a headstand (really), just to impress the people there and to demonstrate how far they're willing to go to make an impression! That’s commitment! This year’s Summit again lined up a number of important and impactful panel discussions and great networking opportunities. Here are some of the highlights to share….
I’ve been working closely with a franchise company to implement a process that while important and very beneficial, is going to create some work (and a little difficulty) to put into place.
