As shelter-in-place orders and social distancing measures to curb the spread of COVID-19 were implemented, we have seen a far-ranging economic impact and a reduction in general business activity. According to an online survey conducted by Main Street America, of the nation’s approximately 30 million small businesses, nearly 7.5 million small businesses may be at […]
We have been living in a very low inflationary environment for the past decade, courtesy of both the U.S. Federal Reserve and the coordinated international effort of other central banks. While there are many good outcomes from this monetary policy, one of the drawbacks has been the lack of pricing power. Whether B2C or B2B, […]
Franchisors incur a slew of costs related to the initial franchise fee supporting their franchisee before the business opens for operation. The costs franchisors incur in providing advice and services necessary for the franchisee to begin operations can be broadly characterized into 3 buckets – franchisee prospect acquisition costs, training costs, and pre-opening support costs. […]
Impact on Franchising The rapid spread of COVID-19 is reminding us how interconnected we all are. With the pandemic changing everything we do in our personal and business lives, franchisors are faced with the same challenges as other businesses. However, franchisors remain optimistic and expect system sales to return to pre-pandemic levels in about six […]
We’re still in the first quarter of 2020 and the world has seen a dramatic series of events unfolding every week. The most impactful being the COVID-19 outbreak, which started in China in the last days of 2019 and has rapidly spread across the world, disrupting people’s life and economic activities. COVID-19 is causing hysteria […]