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Franchising Archives

Relations between 7-11 and store owners deteriorates

The relationship between corporations and the companies or individuals who own outlets are ideally complimentary but are often complicated. Such is the case with 7-Eleven and its franchisees. According to the storeowners, the corporation has taken an increasingly bigger cut of the profits since the early 2000s, when the company and the franchisees used to split profits evenly.

Circuit court upholds employer right to dismiss employees

A Minnesota company that owns 10 Jimmy John’s sandwich shop franchises in the Minneapolis and St. Paul metro area was recently found to be within its rights to dismiss six workers. The Jimmy John’s employees representing Industrial Workers of the World circulated posters to fellow employees as well as 100 local and national media outlets in 2011 that were critical of the company’s sick-leave policy.

Important things to consider in a franchise contract

Owning a franchise can be incredibly rewarding, but it can also be incredibly risky. The first risk that franchise owners will encounter comes in the form of their franchise contract. Signing a contract that is not to your benefit can be perilous to your financial success. And many franchise contracts are skewed in favor of the franchise company, not the owner.

Tips for female franchise owners to empower other women

In the past year, there has been extensive public discussion on female parity in the workplace. The business world may still be dominated by men, but women are making significant headway. Female entrepreneurs are steadily becoming more powerful, paving the way for other business-minded women.

Franchise industry set for strong growth

The franchise industry is set to have a good year. The 2018 Franchise Business Outlook has been published by the International Franchise Association (IFA), and the industry’s growth looks very optimistic. According to the association’s research, the franchise industry is expected to expand for the eighth straight year. The IFA estimates that franchise output will increase by 6.2 percent to a whopping $757 billion.

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