One of FranNet’s most valuable partners is FRANdata, the franchising industry’s leading market researchers who offer intriguing insights and strategic business forecasts. One of their latest projects tackled a persistent problem that isn’t unique to the world of franchising, but one that touches all industries – labor shortages. FRANdata joined forces with the International Franchise [...]
To get a better read on the current outlook for financing the purchase of a franchise, it’s helpful to review the findings and takeaways now that all of the major lending institutions have completed their first-quarter earnings reports. Compared to where the country was a year ago, the lending outlook has brightened significantly. However, there [...]
Move over, Boomers, there’s a new generation in town when it comes to interest in franchising. At least according to some very interesting research conducted by Franchise Insights. A leading firm that produces actionable intelligence, Franchise Insights applies the tools of data science to provide an accurate snapshot of entrepreneurship in the U.S. The recent [...]
For those considering the opportunity to launch a business of their own through franchising, it’s important to keep your finger on the pulse of our local economic indicators. Following the national trends, including the stock market and inflation, is one thing. But if you’re looking to set up shop in North Texas or Oklahoma, it’s [...]
Last month, the Canadian Franchise Association (CFA) held their national convention in Ottowa, Ontario, culminating in a gala to celebrate the best in Canadian franchising with the CFA Awards of Excellence. Through entry submissions, more than 70 CFA-member franchise organizations participated in this year’s competition, vying for recognition of awards based on the best franchise [...]
Despite the current level of concern on inflationary pressure, the U.S. economy appears robust by almost any measure. Especially considering the amount of job openings and the current unemployment rate – which stands at the lowest level in decades, 3.6%. Things are going so well that one of the biggest problems facing business owners is [...]
It’s a special time for FranNet as we celebrate the annual National Small Business Week in America. This year, it runs from May 1-7 and centers on the theme, “Building a Better America Through Entrepreneurship.” For more than 50 years, the U.S. Small Business (SBA) has been leading this celebration that’s specifically designed to focus [...]
As America continues to make progress in a post-pandemic world, the International Franchise Association (IFA) wants people to know that franchising is “Open for Opportunity.” To help sustain the effort to promote franchising, the IFA, of which FranNet is a member, recently commissioned a report with the assistance of Oxford Economics. It’s a first-of-its-kind review [...]
Once entrepreneurs have crossed the dividing line between wanting to own a business to operating one, it’s important to focus on marketing and promoting your new franchise establishment. There are some franchise brands who prefer to help franchisees handle these duties in-house, which typically relies upon a coop advertising fund of dues from franchisees in [...]
The end of April is almost upon us and for those living in Canada, that means the tax filing deadline looms ahead. Traditionally, the due date is April 30 of each year, but because that date falls on a Saturday in 2022, Canadian tax filers actually have until Monday, May 2 to have their taxes [...]
