Propelled Brands’ Post

Did you know? "Nearly 30% of franchises are minority-owned, compared to 18% of non-franchised businesses. Women also have historically benefitted from the franchise model, with the rate of female-owned franchises growing by leaps and bounds. According to one report, the rate of female-owned franchises grew by around 10% from 2007 to 2012 and by 24% in the decade through 2019." - US Chamber of Commerce We are so proud to play a supporting role in the success of so many franchise businesses! Learn more about the franchising model, and what is threatening it, in this article: https://lnkd.in/eXbc_9Z9 #mondaymotivation #motivationmonday #success #businessquotes #successquotes #businessmotivation #businesssuccess #entrepreneurlife #entrepreneursofIG #workhard #diversity #inclusion #femalebusinessowner

2024 franchise trends: Prompt engineering will be an invaluable tool!

In a recent interview with Franchise Update Media, Empower Brands' CEO Scott Zide explores the evolving landscape of franchising and the strategies that set Empower apart. With a focus on innovation and empowerment, Zide discusses our company's commitment to supporting franchisees and staying ahead of industry trends. Key Takeaways: 🔹 Adaptation in Franchising 🔹 Tech and Customer Experience 🔹 Supporting Franchisees Read the full article below! #Franchising #EmpowerBrands #ScottZide #FranchiseOpportunity

Not less than 7+ years ago, PE investors were shut down to the possibilities of franchise investing. Today they seek out opportunities with companies like Neighborly which has incredible opportunities but also depending on their short or long term goals, PE and search funds are open to acquisition of the franchise system as a whole to become Franchisors. How things have changed! Those of us in the franchise space for years have always realized the value of an excellent system. Private equity can bring capital and resources to improve, scale, and expand growth faster and in most cases more efficiently. It can grow the System and benefit all of the franchisees. Today, many of the umbrella franchises are PE owned or backed.

Recently, I had the chance to connect with Joe Halpern from Franchise Times to discuss Neighborly®’s strategic shift regarding private equity. After numerous successful private equity deals in 2023 and understanding the benefits of these new partnerships, the executive team was prompted to alter their approach, directing private equity investments increasingly towards fostering growth at the franchise owner level. This shift in strategy reflected a larger industry trend, highlighting the growing emphasis on franchisee empowerment and operational success. It's also a testament to Neighborly's commitment to nurturing the foundation of the franchise system – the individual franchise owners. While there is a lot of interest in the home services sector, we are determined to remain purposeful of which private equity firms we partner with. In doing so, we will ensure the firms understand franchising, align with our principles, live out our Code of Values, and can help take us to the next level. Learn more about our strategic shift at: https://lnkd.in/gvt5uFbi Want to join our thriving team? Visit https://lnkd.in/g6fai76a for more information on franchising opportunities. #Franchising #Growth #PrivateEquity #StrategicShift #HomeServices 

Thinking of rebranding your franchise but unsure how to proceed? For franchisors, it is essential to plan meticulously and communicate effectively. Learning from industry leaders like Dunkin’, who successfully rebranded in 2019, shows that strategic execution and strong franchisee support are key. Equally important is considering potential legal ramifications, as evidenced by the UPS acquisition of Mail Boxes Etc., which led to substantial legal disputes due to insufficient franchisee buy-in and support. For franchisees, rebranding mandated by your franchisor can be daunting. It is crucial to understand your rights and obligations under your franchise agreement. Seek legal advice and evaluate the impact on your customer base and market. Developing a robust strategy, including an exit plan, can provide peace of mind and ensure you are prepared for any eventuality. At Lusthaus Law, we provide professional guidance to ensure your rebrand runs smoothly, avoiding pitfalls and maximizing benefits. Read our most recent blog post for more information: https://lnkd.in/e75neKVh #LawFirm #Franchising #NYC

KBB retailers! Here's your Question Of The Day! With Magnet and Nolte both launching franchise models within a couple of weeks of each other, and the rise and rise of Kutchenhaus showing no sign of stopping, how do you feel about franchising in this sector? Would you ever do it? What are the pros and cons? It's always been quite common in Europe, why do you think it's finally catching on over here? What do you think the future is? Over to you! https://lnkd.in/eJt6323s

When you are considering investing in a franchise, I would highly recommend that you get to know who the captain of the ship is. Like any business venture, values, leadership and the culture that has been created are very important considerations. Check out Scott Zide, Empower Brands CEO on franchising!

Diversity, equity, and inclusion (DEI) has become a major focus for many organizations in recent years. When a franchisor actively works to create a diverse and inclusive workspace, the whole franchise system benefits. A recent survey by Franchise Business Review shows that franchisors score very high in regards to valuing diversity, demonstrating a commitment to creating an inclusive work environment and management's understanding that diversity is important to the company's success. #dei #inclusions #diversity #employeerelations #workforce #franchising

Discover the path to entrepreneurial success through franchising. Explore the advantages of a proven business model, nurturing franchise community, and exclusive vendor partnerships. Learn valuable insights in this informative Forbes blog. Now is an ideal time to learn more about the unique advantages of a Bath Tune-Up franchise. https://bit.ly/3PCU1Qx #FranchiseSuccess #BusinessOpportunity #BathTuneUp