The examples of Next, Odeon and Premier Inn are particularly relevant. All three are extremely well run companies and recognise that a specialist external/outsourced cleaning contractor offers quality and cost benefits verses in house models. Consolidating more volume into the hands of fewer external cleaning suppliers maximises the benefits as it gives the supplier more scale which in turn can be passed on to the customer in the form of cost efficiencies.
Recession has many professionals ready to explore opportunities, challenges of franchises.
During the recent International Franchise Expo in Washington, DC, one of my students asked me if it was true that the U.S. Department of Commerce determined that franchises succeed 97% of the time.
“Where’d you’d see that information?” I asked.
The student said, “I found it on the Internet.”
Don’t Believe Everything You Read Online
That’s what I figured she’d say because I’ve read it on the Internet, too.
Why open a business in this industry? “Melissa and I have always been health-conscious people. We wanted to open a business that would provide a healthy outlet to people at an affordable price,” Piper said. How long did it take you to start your business? “The process began in October 2007. We looked at several [...]
In these days of “green” everything, human recycling is hot too. Thanks to layoffs, there’s no shortage of slightly used, perfectly good people hunting for work. Take Jon McIntosh. In 2007 the 51-year-old mortgage banker found himself downsized for the fifth time in his career and decided it would be his last. Tweet This Post
Timing is ripe for new candidates coming into the franchise world. Corporate America has displaced millions and over 10% of the workforce is now unemployed. The new word for those out of work is to “re-invent” yourself, because you have little to no chance of finding a job in the next six months.
