On Global Expansion Mistakes:
“When the topic of international development comes during strategic planning sessions at many a franchisor, many are quick to dismiss the opportunity, sighting costs or potential untapped white space in the U.S. market. Such lack of clarity can be a serious problem for franchisors embarking on a rapid growth plan, often resulting in mistakes that can put the franchises at risk.”
In the News:
- Survey Finds More Small Business Owners Bypassing Traditional Lenders Entirely [Fintech Focus]
- Subway Executive Resigns [Nation’s Restaurant News]
- China or Canada? Which is More Attractive as a Franchise Expansion Market [Forbes]
- Five Technologies Reshaping the Restaurant Industry for 2019 [Forbes]
- Rent-A-Center Signs Massive 40-unit Franchise Deal [1851 Franchise]
- Yum Brands CEO Named Restaurant Leader of the Year [Louisville Business Journal]
- New Quiznos Owner Wants to Buy ‘6 to 10’ Chains [QSR Magazine]
- MOD Picks Ex-Chipotle Director as CMO [QSR Magazine]
- Domino’s Plans to Grow in Size by 60 Percent in the Next 6 Years [Nation’s Restaurant News]
- F. Chang’s is Sold to TriArtisan Capital and Paulson [Bloomberg]
- Xpotential Fitness Acquires Stride Boutique Running Studio [LinkedIn]
- Small Business Loans in Limbo with Federal Government Shutdown [North Bay Business Journal]
- Ultra Tune Faces $2.6m Penalty for Breaching Franchising Code [Business News Australia]
- Lendio Franchising Named No. 1 Financial Services Brand in Entrepreneur’s Franchise 500 [Markets Insider]
- Pita Pit, WeedMD Join Forces to Create Pot Retail Franchises [The London Free Press]
- Buzz Pop Cocktails has Aggressive Plans for 2019 [PR Web]
- 5 Trends Changing Multi-Unit Franchising [Franchising.com]
- IHG Expands Franchising in China with New Signings for Crowne Plaza and Holiday Inn [Hotel News Resource]