FRANCHISE REVIEWS »

Independent franchisee satisfaction reviews of today's top franchise opportunities

ADVERTISEMENTS



FBR FEATURES »

NEWS | May 11, 2012

Franchise Business Review Launches Search for Top Food Franchises

Franchise Business Review is looking for the best and brightest in food franchising as part of its 2012 Food Franchise Study and Awards. This national project looks at franchisee satisfaction at some of the country’s most popular franchise brands and honors the top franchisors with designation as a Franchise Business Review Top Food Franchise.
more >   comment

SECTOR REPORT | April 26, 2012

Senior Care Franchise Report 2012

Franchise Business Review's special report Senior Care Franchises offers a high-level look at the senior care/home care franchising sector. We explore what services the sector provides, what’s involved from an investment standpoint, what the “typical” franchisee looks like, and how franchisee satisfaction in the sector has fared in the past year. We also identify the top senior care franchises based on our franchisee satisfaction research.
more >   comment

ARTICLE | April 12, 2012

Honest-1 Brings New Blood to Auto Repair Business

The Honest-1 Auto Care franchise opportunity is a general service shop, offering primarily oil changes, brake checks, and other basic services — but two things distinguish the garage from competitors. The tastefully appointed lobby is comfortable and has a fully-stocked play area for children, a coffee maker with French vanilla capuccino and free wi-fi. Two weeks ago, Tom Dombrock and Fred Haynes debuted their latest venture with an Honest-1 Auto Care franchise — an eco-friendly auto repair shop that caters specifically to women.
more >   comment

ASK FBR | March 19, 2012

How long have you been researching a franchise opportunity?

Franchise Business Review wants to know what you're doing in order to find that right "fit", and encourages all those interested in starting their own franchise to answer this simple question - how long have you been researching a franchise opportunity? (Click here to share) 
more >   comment
Home > Blogs

Franchise Businesses: Doing More with Less!

by Eric Stites

I’m certainly no economist, and I realize most people will be lulled to sleep by the IFA’s 18-page report, yet one nugget I found very interesting was the report’s finding that franchising is a lot leaner and meaner than it was just a few short years ago. According to the report, the franchise sector will have $740 billion in total economic output this year – $740,000,000,000. That’s a lot of zeros! That’s 13% more output than in 2007 (prior to the recession) – or $86,000,000,000 more output with 3% fewer outlets (788,285 in 2007 vs. 784,802 forecasted for 2011).

Again, I’m no economist, but I think any business owner would be pretty happy with 13% growth in output, with 3% less input. While no one wants to go through another recession like the one we all just experienced, it’s clear from this report that franchisors and franchisees are working smarter today and have figured out how to do more – a lot more – with less!

Download the full report from the IFA here
 

 

You must register to post a comment. Registration is quick & easy. If you are already an FBR member, click here.
First Name:
Last Name:
Email:
Password:
Confirm Password:
Receive updates, notifications and special offers from Franchise Business Review
 
Comment:
Verification: CAPTCHA Image
[ New Image ]
Posted by Paul Terrill on 09:51:25 AM on February 3, 2011

Franchisees, arguably more than most sectors, are indeed having to do far more with far less. That's one reason that the multi-unit retail vertical in general is benefitting from the explosion of the "Business Process as a Service" (BPaaS) model, whereby a franchisee can completely outsource all their non value-added back office administration to a vendor such as iProcess Online. The benefits of this model are many, including reduce operating cost (iProcess customers don’t require in-house back office AR, AP, bookkeeping or payroll staff), shrink avoidance (consistent application of your specific business rules provides accuracy, security and transparency of the entire sale-to-bank process), risk mitigation (automated processes offer accountability and assurances not generally available to the small to mid-market) and obviously productivity gains.