By Doug Bugie, Global Head of Franchising The ‘War for Talent’ written, by McKinsey in 1998, represented a tectonic shift in thinking regarding the challenges facing companies to find and keep top talent. This War goes on, more intensified than ever, due to low global birth rates, the aging of…

A recent article in “Investor’s Business Daily” bore a provocative headline, “Job Security Never Better, But That's Bad News About The Job Market.” You can read the entire article below, but the gist is that according to stats from the US Bureau of Labor Statistics, in any given month only 2% of…

One of the chief reasons that people invest in a franchise business is to benefit from an established brand. On the other hand, many aspiring small business owners are concerned that there won’t be enough opportunity to put their own stamp on a franchise unit. It’s true that many franchises have a…

Time marches on. That’s a reality. We all have our plans and dreams, our wants and needs. What we don’t have is a crystal ball. Since 2007 – the start of The Great Recession – we’ve gotten used to putting our futures on hold. At one time we felt that we could see far enough into a relatively stable…

The answer to the question we’re posing in this post is, “It depends.” We’re not saying this to avoid a direct answer, but because it’s true. Entrepreneurs are often thought of as Type ‘A’ personalities who have to be on the go and in control, but would that disqualify them as successful franchise…

If you’re considering franchise ownership as a career option, you’re probably looking through directories of franchise businesses to identify potential opportunities. You’ll notice that many franchises tout themselves as ‘the fastest growing’. What does that really mean? And is it important to your…

As the economy has continued to improve, the franchise industry has been a leading sector in job creation. Though that growth slowed a bit in July according to a monthly poll from ADP, franchises added about 12,300 jobs that month. The business services sector added the second highest number of…

This is the fifth and final post in our series about the career path that led some top executives into franchise ownership. These owners are part of our FPC executive recruiting franchise network, but their stories have broad application for others seeking a new direction. What motivated these…

Career change rarely follows a straight path or an express route. From the time you first consider career change as a possibility, until you determine what you might like to do, zero in on a new career direction and finally make your move, it can take years. If you’re considering a career change…

In a global economy and coming out of a severe recession, the misperception has arisen that the U.S. manufacturing sector is past its prime. Thoughts of old rust belt factories continue to enter the mind when talk turns to manufacturing. Media coverage hasn’t helped to dispel these images. The…