Artificial intelligence (AI) is transforming business. Sophisticated franchises are using it to create efficiencies and drive growth. Businesses are using AI more than ever before. In a recent workplace survey of 13,000 people across 18 countries, 50% of respondents said their company was using AI – up from 22% just five years ago. Businesses… Continue reading Harnessing AI To Enhance Your Franchise Business
Fostering a workplace culture of respect for employees’ privacy is good for business, because it contributes to morale and mutual trust. Employers’ privacy obligations in the workplace can vary from province to province, and even from workplace to workplace, depending on their operations and whether, for example, a collective agreement is in place. Here are… Continue reading Privacy in the workplace – practical tips for employers
Companies go to great lengths to protect their top executives. Keeping them safe, healthy and happy so they can perform their duties without unnecessary distractions is critical for the productivity of the company. At one time, executive protection meant providing bodyguards and secure transit, and fortifying executive offices against external threats. As more executives work… Continue reading One overlooked element of executive safety: Data privacy
Technology is transforming our world at an unprecedented pace and many hospitality companies are turning towards artificial intelligence (AI), ushering in a new era of efficiency and customer satisfaction through automation. Several quick-service brands have already started implementing this technology into their operations, such as Wendy’s who recently announced they would be partnering with Google… Continue reading Advice for Restaurant Franchisors Embracing an AI-Driven Future
A strong franchise system is only part of the equation. In order for the business to be successful, it requires a strong franchisee. The franchisor provides the vehicle, but the franchisee is still required to drive. Assess your abilities, skills and commitment. A strong franchisor will also be assessing you. In every franchise system… Continue reading Top 10 Qualities Of A Successful Franchisee
The franchise law group at Cassels routinely represents diverse stakeholders involved in various types of franchise transactions in the M&A and financing sectors. In the past year alone, we have acted on upwards of a dozen separate transactions of varying size and structure, as COVID has catalyzed activity in the industry. While some franchisors have… Continue reading Preparing Your Franchise System for Acquisition: Lessons From a Franchise Lawyer
Venturing into the world of franchising can be an exciting proposition. It’s the least risky way to get into business, which is why it is so popular. When buying a franchise, you are getting a “business in a box” that comes complete with a variety of resources to assist franchises in becoming successful. The allure… Continue reading Are You Ready to Be a Franchisee?
Over the years, franchising has become the go-to solution for entrepreneurs looking to start and run their own businesses. According to Vetted Biz, in 2020, there were approximately 753,700 franchise establishments in the United States, producing about $670 billion U.S. dollars and employing 7.5 million people. In 2021, the industry produced nearly $780 billion worth… Continue reading Finding the Right Franchisee for your Company
As the cost of food rises, Canadians are leaning on loyalty programs. A survey by Drop found that 62 per cent of respondents are redeeming loyalty points to help manage expenses. In 2022, Empire Co. (which owns a national network of grocers, including Sobeys, FreshCo, and IGA) partnered with Scotiabank and Cineplex on the… Continue reading The value of a community rewards program for grocery franchisers to boost retention and give back to the community
With the restrictions from the COVID-19 pandemic in our rear-view mirror, restaurant owners are still plagued with the resulting labour shortages, along with an additional obstacle: economic turbulence. However, restaurants will continue to serve many purposes – for some, they are a means of avoiding cooking, and for others, they are an outlet to connect… Continue reading How Restaurants Can Leverage Tech to Thrive During Times of Economic Uncertainty
