The Time is Now: Start Preparing for the Employer Mandate

This time next year, the major provisions of the Affordable Care Act, including the individual and employer mandates, will be in full effect.  Even earlier, in October of this year, the first Health Insurance Marketplaces will open.  2014 will see tax hikes, regulations, paperwork, and headaches for franchise small business owners across the country.

The 2013 IFA Convention in Las Vegas will feature a session entitled “The Health Care Law and Your Business: What You Need to Know.”    Hear the perspective of a multi-unit franchisee, a health care policy expert, and a veteran insurance broker in a terrific panel that will explore the ACA’s impact on franchising, the most newest health care regulations, and how franchise owners can prepare for 2014.

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To expand its education efforts surrounding the ACA, IFA is offering to help franchise companies host webinars on ACA employer requirements for franchisees and other stakeholders.  These hour-long sessions include information on key definitions, tax penalties, communications strategies and other topics as well as a Q&A session with a health care expert from Washington Council Ernst & Young.  For more information on this member service, please contact IFA’s Kevin Serafino at kserafino@franchise.org.

SNEAK PEEK: What to expect in Yum! Brands CEO David Novak’s speech at IFA’s Convention

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David Novak, chairman and CEO of Yum! Brands, Inc., will address IFA’s Annual Convention on Feb. 13 about his brands’ growth overseas. Yum! Brands includes more than 36,000 KFC, Pizza Hut and Taco Bell restaurants in more than 117 countries and territories and 1.4 million company and franchise associates. Here are a few excerpts from his upcoming interview in April’s Franchising World magazine.


On recent achievements

“We’re very excited about 2012. We expect to continue to grow our presence around the world. Our goal is to achieve at least 10 percent earnings per share growth every year. We’ve done at least 13 percent for at least the last 10 years. The main goal that we have this year is to make 2012 the year for Taking People With You for operational excellence. I’ve written a book [Taking People With You: The Only Way to Make BIG Things Happen] and the exciting thing we’re doing in our company is we’re taking the book and we’ve created training guides that will go to all our franchisees and all of our restaurant managers around the world and it will be translated into 11 different languages.”

More than a book on leadership principles

“Well, I think a lot of books deal with general leadership principles and this book is more than a book on principles. It’s a book on how to actually make it happen. it’s a book on the core process of leadership and execution. Because no one can get anything done by themselves of any significance.”


Taking people with you

“Our formula for success is you build the people capability first, then if you have really capable people and outstanding leadership, you will satisfy more customers and then you make more money. And yes, of course, everyone wants to make more money, but you have to realize how you get there and the real formula for success in our business, and I would argue in any business, is that you’ve got to make people capability your No. 1 priority.”

Defining leadership

“I think my definition of leadership stems from the fact that leadership is a privilege. The job of the leader is to bring out the potential of every person that works on the team. That’s why I think teaching is the most important thing I do because it’s the best investment I’ll make in the organizational capability of the organization.”

All of the proceeds from Mr. Novak’s book will be donated to the United Nations World Food Programme in conjunction with Yum!’s global hunger relief efforts.

Posted by Laura Fenwick, IFA Publishing Manager

Live Blog: Pose Your Franchising Questions for the IFA Annual Convention

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Link: Live Blog: Pose Your Franchising Questions for the IFA Annual Convention

While 3,000 franchise executives and small business owners will descend on Orlando beginning this weekend, many in the franchise industry will be busy running their businesses and not making the trip to Orlando.

For those who can’t be here for the biggest event in franchising of the year, you can follow along some of the action through a live blog with The Wall Street Journal On Sunday, Feb. 12, as WSJ small business reporter Emily Maltby will participate on a Financial Summit panel with experts in franchise development and franchise and small business lending. 

Given the 20 percent lending shortfall the franchise industry faced in 2011 and the forecast for a return to franchise establishment growthin 2012, it’s sure to be a timely and lively discussion. 

The lineup includes Ron Feldman, CEO of Franchise America Finance; Mary Jo Larson, Publisher, Franchise Times; and Darrell Johnson, President & CEO, FRANdata.

Send the WSJ your questions and comments, both in advance and during the live blog, which will begin on Sunday at 9 a.m. ET.

Posted by Matt Haller, IFA Sr. Director of Communications

Benchmark your franchise system

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What’s new?  How about benchmarking best performance KPIs with other IFA members?  If you missed the “Benchmarking Made Easy” session at IFA’s 51st Annual Convention, you can still get “OnTrack” with IFA’s new, FREE, web-based benchmarking service. Visit the OnTrack page at Franchise.org to sign-up and learn more. 

Missed the session on OnTrack and want to order the session DVD? Visit IFA’s online store to purchase a copy.

IFA partnered with Dynamic Benchmarking to develop the service. 

Posted by John Reynolds, President, IFA Educational Foundation

Do you already miss being at IFA’s 51st Annual Convention? Just because the convention is over, d

Do you already miss being at IFA’s 51st Annual Convention? Just because the convention is over, doesn’t mean the memories can’t live on. Take a few minutes to watch the extended highlight reel of this year’s show. It is sure to help you relive some of the best moments from Las Vegas and share with your colleagues who weren’t able to make it! Enjoy…

Posted by Matt Haller, IFA Director of Communications