According to a recent article in the Wall Street Journal, “if franchisees could borrow all the money they need this year, they could purchase over 41,000 new or transfer businesses and create an astounding 333,000 new jobs.”
Today’s issue of the Nation’s Restaurant News has a good article that, while written for companies in the food industry, is equally applicable to virtually any type of business. The basic thrust of the article is that a business should work to respond quickly to comments made on its Facebook wall. In the estimation of many industry insiders, reaction time is absolutely critical when a fan posts on a wall.
Following the continuing story of how, and where, franchises are being viewed as akin to employer / employee relationships, yesterday’s issue of the Convenience Store News has an interesting article on how convenience stores in particular are being affected by this trend.