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What is a Health Insurance ‘carve-out’? Should I consider it?

Posted by on Nov 1, 2019 in Meet the Experts | Comments Off on What is a Health Insurance ‘carve-out’? Should I consider it?

Answer: When businesses face challenges getting enough employees to participate in their health insurance benefit (enough to meet the minimum participation rate set by the insurance company), they often use a so-called “carve-out” to offer the benefit to a smaller subgroup of employees.

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How Is Your Franchisor Using Your Marketing Fund?

Posted by on Aug 28, 2019 in Featured, Meet the Experts | Comments Off on How Is Your Franchisor Using Your Marketing Fund?

Most franchisees are required to pay into an advertising marketing fund, which the franchisor controls. What is your franchisor doing with all that money, and is it directly benefiting your franchise? In a perfect world, your franchisor would use the funds exclusively for advertising and marketing the brand, and you (and other franchisees) would have input in determining how the money was used. Let’s make this perfect world even better and say that the franchisor would even provide regular reports to you about fund activities. 

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Why Your Franchisor May Not Provide the Supplier Benefits You Expect

Posted by on Jul 18, 2019 in Meet the Experts, The Franchisee Voice | 0 comments

Many potential franchisees become trusting of their chosen franchisor and go further to make the mistake of believing that their agreement and supply chain is, and must be, a “take-it-or-leave-it” agreement. Significant dangers lurk throughout almost every franchise or distribution agreement drafted by franchisors and suppliers

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New Supreme Court Decision Could Make It More Difficult for Franchisors to Negotiate with Franchisees During Chapter 11 Bankruptcy

Posted by on Jun 13, 2019 in Meet the Experts | Comments Off on New Supreme Court Decision Could Make It More Difficult for Franchisors to Negotiate with Franchisees During Chapter 11 Bankruptcy

Franchisors have used Chapter 11 bankruptcy to both restructure their debts and to demand concessions from franchisees. A new Supreme Court decision could take away, or at least blunt, this practice. 

In the past, it wasn’t uncommon for a franchisor to try and use a Chapter 11 bankruptcy filing to secure better terms for itself at the cost of its franchisees. For example, a franchisor might have old franchise agreements that require significant support services and contain royalty rates of 2-4%.  A franchisor filing for Chapter 11 might as well try to force upon franchisees contracts with no support obligations and 5-10% fees.  

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Idealistic Dreamer to Burned-Out Business Owner? Avoid that Fate with the Super-Secret Magic Formula to Finding More Time

Posted by on Jun 6, 2019 in Meet the Experts | Comments Off on Idealistic Dreamer to Burned-Out Business Owner? Avoid that Fate with the Super-Secret Magic Formula to Finding More Time

This story isn’t new. A big dreamer becomes dissatisfied with the corporate life – the strict schedule, limited vacation time, ceiling on earnings, few opportunities to be creative or make a difference, and answering to a boss who doesn’t appreciate the employee’s value – and ventures into small business ownership.  

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Chosen Payments Tips, Where Fees Go

Posted by on Jun 6, 2019 in Meet the Experts | Comments Off on Chosen Payments Tips, Where Fees Go

Many merchants falsely believe all of the fees they pay go to their credit card processor. If that was the case there would probably be a lot more credit card processors out there today. The truth is, your processor actually keeps a very tiny portion of the transactions.

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The Myth of the Health Insurance Silver Bullet

Posted by on May 28, 2019 in Meet the Experts | Comments Off on The Myth of the Health Insurance Silver Bullet

It’s a good question. All across our country, consumers are facing higher-than-ever deductibles on their health insurance (especially self-employed franchisees). It’s no surprise that health care is already a leading issue of the upcoming election. Many presidential contenders are advocating for universal health care (also called “Health Care for All” or “Medicare for All”). Is universal health care the silver bullet we’ve all been waiting for?

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The Franchise Industry, Heavily Regulated? – Shattering the Myth

Posted by on May 7, 2019 in Meet the Experts | 0 comments

All of us have heard the argument: franchises are in a heavily regulated industry.  Really?  This article will attempt to briefly clarify what is specifically regulated, what isn’t, and is it enough considering those investing in a franchise not only risk their investment, but likely all their assets.

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“When Private Equity Buys Your Franchisor”

Posted by on Apr 19, 2019 in Meet the Experts | Comments Off on “When Private Equity Buys Your Franchisor”

A Sneak Peak at an Upcoming Program at the 2019 AAFD Franchisee Leadership Summit in September

Within the last decade, private equity firms have purchased many established franchisors, and have significantly changed the landscape of franchising. Indeed, some of the most established brands have changed hands from legacy owners to private investors. This movement reflects, on the one hand, a desire of legacy owners to move on to retirement or other ventures after many years at the helm and, on the other, the fact that franchising is a good business and a good investment.

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You Can Lead a Horse to Water, but… Creating a Health Care System that Could Work for America

Posted by on Mar 26, 2019 in Meet the Experts | Comments Off on You Can Lead a Horse to Water, but… Creating a Health Care System that Could Work for America

While I don’t profess to have all the answers for creating a perfect healthcare system, I do have an advanced degree in health-related studies. And since the health care universe has been a major part of my professional life for the past 35 years, I feel as though I have acquired some unique insights into the workings of the business of health. It is with this knowledge that I read with interest and, sometimes, great amusement, the proposals for replacement of the PPACA, colloquially known as Obamacare.

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5 Tips on Finding a Cost-Effective Phone System for Small Businesses

Posted by on Jan 19, 2017 in Meet the Experts | 0 comments

Finding a phone system that fits a small business’s needs and budget can be a challenge. Traditional phone systems are expensive; most come with long-term contracts and early termination costs and can be difficult to set up. Cell phones are convenient, but when small business owners and employees use their personal numbers, there’s always the chance of mixing business with pleasure or being interrupted while off the clock – or even worse, having to juggle two devices!

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