In a Proclamation, Nevada Governor Brian Sandoval has declared September 1, 2012 as “Franchise Appreciation Day in Nevada.” In so doing, Nevada has become the first State to officially recognize franchised businesses and the positive effects they have on our community.
A recent article in Fiscal Times discusses the issue of state income tax on out-of-state franchisors, a trend that is growing in popularity among a variety of states.
In “The Dark Knight Rises,” Bruce Wayne / Batman learns a valuable lesson about how dangerous complacency can be, as he is completely unprepared for the threat that is Bane. The lesson learned by Wayne is one that applies equally to franchise systems and other businesses: overconfidence and complacency can be hazardous to the long-term survival of the system.
The recent comments by Dan Cathy, the President of Chick-Fil-A, about the legal definition of marriage, has created controversy. The Chick-Fil-A situation presents a good learning opportunity for franchisors and franchisees who need to understand the risks and potential fallout that can result from taking sides in hot-button political issues.