Last week, over a dozen franchise industry and business leaders met with Representative Mike Coffman (CO-06) during a business roundtable in Greenwood Village, CO. IFA member Jack Pearce, Executive Director of Annex Brands, hosted the event at the Denver Logistics Center to discuss legislative issues important to the franchise industry including the adverse effects of soaring gas prices on franchised small businesses among other key issues facing the small business community.
The dramatic rising cost of gas over the past two years comes at a time when small business owners are already negatively impacted by declining sales and revenue. The group indicated that high gas prices limit their opportunity for expansion and growth. Rep. Coffman led a productive conversation about steps the federal government must take to alleviate the issue. A number of potential solutions were brought up including approval of the Keystone XL pipeline and an all-of-the-above energy strategy to alleviate fluctuations in gas prices – both approaches that IFA supports. The meeting also focused on IFA’s pro-growth policy platform which includes greater access to capital, comprehensive tax reform, and the repeal of the health care employer mandate among other issues.
Additionally, IFA member, Jamie Smith, franchisee of Mr. Rooter Plumbing of Greater Baltimore, MD also testified earlier this month before the House Committee on Small Business regarding the effect of soaring gas prices on his business. “As a small business owner, I cannot leverage economies of scale to absorb cost increases like larger corporations. Absorbing these costs drastically affects my bottom line. I ask American policymakers to immediately invest in strategies for increased energy production, greater use of our existing resources and promotion of alternative energy options like natural gas and hybrid electric vehicles.” IFA members have been instrumental in bringing increased gas prices to the forefront of the current policy agenda as well as in helping legislators understand the strain franchise small businesses are under while waiting for Washington to address the problem.
IFA President & CEO Steve Caldeira, CFE, joined Under Armour, Inc. CEO Kevin Plank and SBA Administrator Karen Mills May 21 for the Awards Luncheon during National Small Business Week, an annual event highlighting the importance of small business and small-business lending in America. According to a new SBA report, small businesses outperformed large firms in job creation by 75 percent from 1992 through 2010.
Yesterday, I posted about the spike in veteran franchise ownership that we covered during a webinar with IFA members. The webinar talks about a new report that showed the total number of veteran-owned franchise businesses among the most military-friendly franchise companies increased nearly 4,000 or 35 percent to a record 11,469 in the last year, with the average percentage of veteran-owned franchise businesses climbing to 28 percent in military-friendly franchise systems, a spike from 17 percent just a year ago.
The video recording of that webinar is now available for you to view, as well as the slides from the presentation. Let us know what you thought about the webinar in the comments below.
Several IFA board members and successful multi-unit franchisees were featured in a New York Times story May 19 about investing in a franchise, including Doc Cohen, president and chief executive of Cookie Associates, David Barr, a multi-unit KFC franchisee, and Aslam Kahn, the largest Church’s Chicken franchisee in the nation. “The nice thing about franchises is you have an entrepreneur who has a product or a service and they have proven they can be successful selling it,” said Lawrence J. Cohen, president and chief executive of Cookie Associates. IFA President and CEO Steve Caldeira said, “The people who just want to invest are smart to hire proven operators.” Read the full article here.
Over 60 International Franchise Association members joined the association in a news conference and webinar today to hear about a new report showing that franchise business ownership by our nation’s veterans has jumped since the launch of Operation Enduring Opportunity in November.
Here’s the big news: the total number of veteran-owned franchise businesses among the most military-friendly franchise companies increased nearly 4,000 or 35 percent to a record 11,469 in the last year, with the average percentage of veteran-owned franchise businesses climbing to 28 percent in military-friendly franchise systems, a spike from 17 percent just a year ago.