BLACK EOE JOURNAL 2010 YEARBOOK ISSUE T OP LIST Top 25 Franchises 7-Eleven Inc.
AM PM Mini Market / ARCO (BP America, Inc. Brand) American Dairy Queen Corporation Arby’s
Cold Stone Creamery Curves for Women Days Inn
Dunkin’ Brands, Inc. Fastsigns International, Inc. Flamingo
H&R Block, Inc. Hampton Inn/Hampton Inn & Suites
Jani-King International, Inc. Jan-Pro Franchising International, Inc. Liberty Tax
Little Caesars Enterprises, Inc. Matco Tools Corporation McDonald’s Corporation Meineke Car Care Center, Inc. Quiznos Inc
Seattle’s Best Coffee Subway Inc. Super 8 Motel Supercuts, Inc.
United Parcel Service, Inc.
Franchising
New Publication Helps Franchisees and Franchisors Plan for the Future
Franchise Relations Committee provides an important blueprint for establishing a succession plan and ownership transfer for franchise business owners. “Selling and transferring ownership of
A
a franchised business is something that many franchisees do not think about early enough,” said IFA Franchise Relations Committee chair Barb Moran, chairman of Moran Industries, Inc. “This handbook provides a step-by-step guide to help make the process as smooth as possible.” The IFA Franchise Relations Commit-
tee’s mission is to assist IFA members by developing information and programs that promote positive relations and encourage
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new publication produced by the In- ternational Franchise Association
dialogue and cooperation between fran- chisees and franchisors. The new publica- tion, Franchise Succession Planning and Transfer Handbook, is part of the commit- tee’s ongoing Best Practices Series and is available at
www.franchise.org/fran- chiserelations.aspx .
It covers such topics
as why a succession plan is needed; ele- ments needed in a plan; and the process, documentation and training needed to be successful. Small businesses are the backbone of
the economy and family owned business- es, including franchise businesses, are central to that success. According to the handbook, more than 90 percent of all
businesses in the United States are family owned and employ 62 percent of the pri- vate sector workforce. Many of these businesses do not have long-term success due in part to poor succession planning and estate planning. Other publications produced by the
Franchise Relations Committee focus on establishing mentorship programs among franchisees, creating effective advisory councils, and tips for addressing distressed franchisees, to name a few. All publica- tions are located at
www.franchise.org/ franchiserelations.aspx. Source: International Franchise Association
www.blackeoejournal.com
The Black E.O.E. Journal
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