The International Franchise Association in February appointed former Rep. Charles J. Melancon as its senior vice president of government relations and public policy. He talked with NRN during the IFA’s 51st convention last month in Las Vegas.
Even in the best of times, franchisors have little insight into how well or how poorly their franchisees are doing. But in a downturn, the risks of working in the dark are multiplied.
Chicago homebuilder Andrew “Drew” Ferris traded in his tool belt for an apron to become a franchisee of Moe’s Southwest Grill, but before signing a deal, he invested a little sweat equity in the brand.