As leaders, our key challenge is to make decisions, first strategically, and then operationally. For the past few months, we have been making operational decisions as a reaction to the crisis we all are forced to confront. With most of those decisions made, we now turn to our primary job of guiding organizations into the […]
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, […]
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 […]
Franchising is an adaptive business model. Find an appealing economic sector where branding can be a growth factor and you’ll likely see franchising move in. I’m going to put a bunch of trends together here and see if anything can be connected to the future of franchising. To do that we need to look at […]