You don’t have to wait until IFA‘s Annual Convention in Las Vegas next month to find out what some of the franchise industry’s leaders think this year holds for their businesses and the industry overall. Below are excerpts from some of the 2015 Executive Committee members. Find their full comments, along with their board colleagues, in January’s Franchising World magazine. In the meantime, here’s a quick peek:
Melanie Bergeron, CFE
Chairwoman of the Board
TWO MEN AND A TRUCK/INTERNATIONAL, Inc.
While I am optimistic for TWO MEN AND A TRUCK, I am very concerned about the political landscape for franchising. In the coming year we are going to need to continue the battle to protect our franchise business model from the local, state and federal levels. Please consider joining the Franchise Action Network if you haven’t already.
President and CEO
NRD Holdings, LLC
The resilience of the franchise industry and the U.S. entrepreneur will once again shine in 2015. As the economy muddles through this unprecedented period of uncertainty, as well as consumer demographics and demands changing ever so rapidly, few industries will be as adept to managing change as the franchise industry.
Shelly Sun, CFE
CEO and Co-Founder
BrightStar Franchising, LLC
Looking toward 2015, the franchise industry as a whole will experience modest growth, hampered by the concern over the National Labor Relations Board joint employer impact. Without the constant impediment of government regulation, 2015 should be a solid year for the industry.
President, U.S. and Canada
Select Service and Extended Stay Lodging and
Owner and Franchise Services
We expect new franchise development activity to continue at a strong pace. Interest rates remain low and the industry is performing at historic highs, enabling strong underwriting of new franchise projects.
President and CEO
Choice Hotels International
Immediate Past Chairman
There have been solid gains in household employment and improvement in the labor participation rate. Job and wage forecasts indicate modest growth, which makes us optimistic for the year ahead.
BrightStar Care of Madison, WI
Franchisee Forum Chairman
Providing a quality experience has created a very positive reputation in a business that relies upon trust.
Catherine Monson, CFE
FASTSIGNS International, Inc.
Franchisor Forum Vice Chairwoman
To preserve the proven, successful franchise business model, everyone in franchising must commit to grassroots advocacy/government relations involvement.
Supplier Forum Chairman
Franchisees will need to think outside the box to find new locations, considering redevelopments of older projects, moving into newly gentrified neighborhoods or buying out mom and pop retailers.