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.
Tag: franchisor
Flap Over Chick-Fil-A Stance Highlights Risk For Franchise Systems
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.
Form W-2 Reporting for Employer-Sponsored Health Coverage: Is Your Franchise System Prepared?
The Patient Protection and Affordable Care Act (the “Act”) requires employers to report the cost of coverage under an employer-sponsored group health or medical plan. This requirement is now mandatory for sponsors of group health or medical plans, except for certain qualified small employers.
FTC Announces Revised Monetary Exemptions Under The Franchise Rule
The Federal Trade Commission (the “Commission”) recently announced an amendment to its “Disclosure Requirements and Prohibitions Concerning Franchising” (16 C.F.R. Part 436) (the “Franchise Rule”) revising the monetary limits for three of the listed exemptions.
What The Supreme Court’s Patient Protection and Affordable Care Act Ruling Could Mean For Franchises
Several news stories around the web today discuss the United States Supreme Court’s Ruling on the 2010 Patient Protection and Affordable Care Act and what it could mean for franchised businesses.
The 2010 Patient Protection and Affordable Care Act – Summary Of The U.S. Supreme Court’s Ruling
The United States Supreme Court upheld the constitutionality of most of the 2010 Patient Protection and Affordable Care Act (ACA). The two key issues before the Court were the constitutionality of (1) the ACA’s “individual mandate,” which requires virtually everyone in the United States to buy health insurance or to pay a penalty for failing to do so, and (2) its requirement that states adopt new standards that would have significantly increased the number of Medicaid-eligible individuals (the so-called “Medicaid expansion”), or face loss of federal Medicaid funding.
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