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The 8 | November 24, 2017

The top eight things you probably didn’t need to know in franchising this week.

By Cassidy McAloonSenior Writer
SPONSORED 12:12PM 11/24/17

1. Frantastic: Happy Black Friday! Whatever your feelings on the shopping holiday are, you can’t deny that it’s a Frantastic day to save some money while shopping. By the time this video posts, stores like Best Buy, Walmart and Target are probably all sold out of their top items. But never fear—in recent years, the lines between Black Friday and Cyber Monday have blurred. So, if you missed out on your favorite deals today, check back online all weekend to see what you can score. Then, let us know which brands had the best deals on Facebook and Twitter!

2. Franlebrity: As we mentioned a few weeks ago, 1851 teamed up with Franchise Business Review to shine a spotlight on the industry’s Top Leaders of 2017. FBR analyzed 18 months’ worth of data from approximately 30,000 franchisees across 334 brands to determine which leaders are resonating with their systems. One of those leaders is Kathleen Kuhn, President of HouseMaster. This week’s Franlebrity spoke to 1851 to explain why she believes that understanding what a day in the life of a franchisee looks like is critical to an executive team’s success.

3. Frash Money: In franchising, there are single-unit owners who are content to run their one business with the support of a larger brand. There are also multi-unit owners, on the other hand, who aim to make the most of their Frash Money by taking a step back from the day-to-day operations of running a franchise in order to oversee a system of businesses. 1851 rounded up 25 of the industry’s largest multi-unit moguls, including franchisees from Tropical Smoothie Café, Orangetheory Fitness, Sport Clips* and Wendy’s.

4. Frant of the Week: Would you rather be rich or wealthy? That’s the question that No Limit Agency* CEO Nick Powills asks in a recent Frant. In business, those two options have the potential to set the tone for the decisions that you make along the way. While being rich means having money in the moment, being wealthy means having money that’s sustainable. When investing in a brand or choosing an agency to work with, it’s important to keep in mind whether or not their goal is to be rich or to be wealthy.

5. Franch Forward: 1851’s annual list issue is here, and with that comes a lot of information on brands that are ready to Franch Forward. We rounded up great emerging franchise brands with under 50 locations, for example, highlighting the concepts that are primed for growth in the year ahead. Some brands to look out for include Chicken in a Barrel, Idolize, Full Psycle, Lo-Lo’s Chicken & Waffles and Solcioty Fitness.

6. Fran Funny: Who profits the most on Black Friday? The one who was smart enough not to go shopping on that day.

7. Franspiration: “Treat yo self.” – Tom and Donna, Parks and Recreation

8. Franemies vs. Frands: Is Black Friday your Franemy or your Frand? Even if the crowds aren’t for you, people are still spending—last year, more than 145 million consumers shopped both in stores and online. And even though their spending was down to $290 from nearly $300 in 2015, it was a strong weekend for retailers. We’ll have to wait and see what kind of spending this year brings. But if you’re into waiting in lines and camping overnight to get the best deals, we wish you luck.

 

*This brand is a paid partner of 1851 Franchise. For more information on paid partnerships please click here.

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