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Posted on Fri, 01/13/2012 - 11:10 AM by
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Mark Siebert, CEO of the iFranchise Group, recently asked in Entrepreneur magazine, “Would a franchisor make a good President?” Franchisees have had their turn in President #43 George W. Bush, an owner of the Texas Rangers baseball franchise, but one day franchisors may yet have a turn. Mr. Siebert presented his list of the leadership skills that a franchisor executive would bring to the office of U.S. President. They have the ability to spur job growth by focusing on small business, the ability to grow without over-borrowing and a knowledge of how to simplify systems. My own take on what each side would bring is this. From the ranks of franchisor executivePast history indicates that the American people prefer an individual with executive experience as their president. Out of the last 20 US Presidents, 12 had been a Governor and one, Dwight Eisenhower, was a distinguished military leader. It's not unrealistic to envision a franchise leader as President. However, this individual would need to possess the leadership, experience and stature of a William Marriott, founder of hotel franchise chain Marriott International Inc.
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There are franchisee leaders who operate individual as well as large multi-unit franchise operations generating millions of dollars in revenue and employing a large number of people. Many have the responsibility for leading large organizations and although guided by the requirements of franchise agreements are responsible for the day to day operations of their business. The fact that the previous path to the Presidency has followed either legislators or Governors indicates that the American people prefer someone with political experience. A franchise owner who became a member of congress, a senator or governor would be able to round out their credentials for President.
When great business leaders are mentioned few franchise leaders are on the list. Unfortunately, the franchise industry still lacks a certain amount of respect compared to other industry sectors. Yet, it is not farfetched to imagine an individual who one day may rise from the ranks of franchise leader to become President of the United States. This is part of the Blue MauMau series on leadership and leading franchisees. Related articles:
MORE NEWS FROM BLUEMAUMAUTaxes and the DeficitNormally, this column is supposed to cover the tax changes over the prior year and how they impact the hospitality industry. Last year, we commented about how 2010 was an interesting year but little in the tax field had passed. 2010 was all about health care reform, the change in control of the House and the rise of the tea party. It was a very political and partisan year. If anything, 2011 was worse. Never has so little been accomplished by so many. Brinkmanship was the key word for 2011. It will be known more for what did not occur rather than what did. It is not unusual for partisan politics to take center stage in an election year. While 2011 was not, the race for the Presidency and control of the House and Senate began before all the winners from 2010 were known. National Press Writes about Restaurant FranchisingOn May 18th, the national press, both The New York Times and The Wall Street Journal, wrote about restaurant franchising. Some additional notes are warranted. Mediation: Good, Bad or It Depends?Mediation is often touted as the greatest thing since sliced bread for faster, fairer, and cheaper dispute resolution. Is it? Going International? Don’t Forget One Important ThingFranchisors that are considering exporting their franchise concept to other countries are advised to prepare by following a checklist of key items. However, there is one area that is often overlooked or shortchanged in the process. Going Green Costs Franchisees Much GreenBeing forced to buy imaginary products is just one of the nonsensical results of government policy affecting franchisors and franchisees. RELATED SMALL BUSINESS NEWSMobile Franchises: Do You Like Cars? Hot Franchise Topic: Getting a LoanIt seems like the entire franchise industry is focused on funding, and with good reason; franchise loans are still a bit challenging to secure. Good News, U.S. Hotel Profit RecoveryAccording to the new PKF Trends survey, the U.S. lodging industry produced a 12.7% profit growth in 2011. 80.5% of participating hotels enjoyed an increase in total revenue while 72.3% achieved growth in profits. The recently released 2012 edition of Trends presents data from a sample of nearly 7000 financial statements of United States hotels. For the Trends report, hotel profits are defined as net operating income (NOI) before deductions for capital reserves, rent, interest, income taxes, depreciation and amortization. Federal Court Invalidates "Quickie" Union Election Rule, For NowOn May 14, 2012, the U.S. District Court for the District of Columbia set aside a controversial final rule of the National Labor Relations Board ("NLRB") that was designed to make it easier and faster for unions to hold organizing elections. Chamber of Commerce of the United States of America, et al. v. NLRB, Case No. 11-02262 (D.D.C. May 14, 2012). Business groups are hailing the decision, but the celebration may be short lived. Because the ruling was essentially decided on a procedural point, the NLRB may seek to resurrect the rule, which creates a very short window for union elections, and leaves employers with little time to react to an organized union campaign. Field Representatives Coach Franchisees to Victory
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