By

Kelsey Smith
A man with brown hair smiles while looking at a laptop

Defining Your Franchise’s Unique Selling Points and Showcasing Them to Potential Franchisees

Owning a franchise is an exciting opportunity to apply your business acumen and take your career in a new direction. While many franchises come with built-in brand recognition and buying power, you will still need to grow your business and attract new potential franchisees. Defining your unique selling points is the best way to accomplish these goals. 

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A team meets to discuss results

How Are Franchise Royalty Fees Calculated?

When you franchise a business, you’re offering many different services to your franchisees to help them get off the ground, like your recognizable brand name and business strategies. Of course, these resources have a cost, and royalty fees represent one of the ways that franchisees pay for those resources. Determining how you’ll charge these fees will play a significant role in your earnings from franchisees.

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Franchise Royalties – Pulse Survey Results 2023

Written by Keith Gerson, CFE – President of Gerson Advisory Services

On June 28th, 2023, I had the pleasure of hosting on behalf of FranConnect a webinar entitled “Franchise Royalties Unleashed: Tools and Tactics for Growth”. During the session, I conducted a pulse survey consisting of questions on royalty management, trends, and rate structures.

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Winners of the CFO awards

NVTC Announces Winners for 2023 Greater Washington Technology CFO Awards

McLEAN, Va. – (June 6, 2023) – The Northern Virginia Technology Council (NVTC), the trade association representing the region’s technology community, announced the winners for its 2023 Greater Washington Technology CFO Awards at an awards ceremony last night. This is the 27th year for this annual awards program, which is dedicated to celebrating leading finance professionals and officers across the greater Washington region.

“This year’s CFO Award winners represent the leading minds in finance and technology,” said Jennifer Taylor, president and CEO of NVTC. “We’re honored to recognize their hard work and celebrate the individual achievements that have led Northern Virginia to become one of the leading technology hubs in the nation.”

“Our region’s technology sector has experienced a massive boom in recent years, becoming the area of choice for everything from early-stage startups to established market leaders,” said Shiv Varma, partner, KPMG and chair of this year’s CFO Awards program. “The CFO Awards mark an important milestone every year as we gather together to celebrate the innovative finance professionals that have made that growth possible.”

In addition to the traditional Public Company, Private Company, and Emerging Growth CFOs of the Year, the CFO Awards judges selected a winner from the finalists for a new category that was created. The Transaction of the Year award celebrates a CFO that stood out for their role in completing a significant business transaction during the year, and this year’s winner is Jeff Cook, of Octo, who was recognized for his role in Octo’s recent acquisition by IBM.

Finally, NVTC also recognized the Michael G. Devine Hall of Fame Award honoree, Rick Nadeau, and the 2023 Class of Rising Stars at last night’s awards ceremony. An independent panel of former CFO Awards winners selected this year’s winners in five award categories.

The 2023 NVTC Technology CFO Awards winners are:

Emerging Growth CFO of the Year:
Andrew Volkmann, FranConnect 

Private Company CFOs of the Year:
Joe Harar, EdgeConneX
Silvana Hernandez, Pavion

Public Company CFO of the Year:
Susan Lynch, V2X, Inc.

Transaction of the Year:

Jeff Cook, Octo

2023 Class of Rising Stars:
Zach Blaine, Expel
Paul Donnell, FiscalNote
Emily Lane, Arcfield
Tim Mulieri, GTT Communications, Inc.
Matthew Robarge, Cision
Samantha Ross, Unanet
Amanda Williams, IonQ

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Contact

Tarin Horan

Northern Virginia Technology Council (NVTC)

thoran@nvtc.org

703.946.0319

 

About the Northern Virginia Technology Council

NVTC is the trade association representing the Northern Virginia technology community. As one of the nation’s largest technology councils, NVTC serves companies from all sectors of the industry, from small businesses and startups to Fortune 100 technology companies, government contractors, as well as service providers, academic institutions, and nonprofit organizations. More than 460 members look to the organization as a resource for networking and educational opportunities, peer-to-peer communities, policy advocacy, industry promotion, fostering of strategic relationships, and branding of the region as a major global technology center. Learn more at www.nvtc.org.

A woman views a desktop that discusses FranConnect's Global Prescence

FranConnect Expands Global Presence, Launching in Australia & APAC, and appointment of General Manager, A/NZ

SYDNEY, May 24, 2023 — FranConnect, the leading franchise and multi-location management software provider, is excited to announce its expansion into the A/NZ and APAC markets. This marks an important milestone for FranConnect as it continues to grow its global footprint on the heels of its strategic acquisition of World Manager. Under the consolidated company, FranConnect offers the most comprehensive franchise and multi-location management solutions to franchisors and multi-location businesses in the market globally.

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A man wearing glasses and a sweater smiles while tapping a tablet

Leveraging LinkedIn to Attract New Franchisees

LinkedIn is a powerful platform for attracting new franchisees if you know how to use it. It lets you showcase your achievements, share business updates with potential partners and engage them directly on what is generally considered a “trusted platform.” The key to ensuring success on LinkedIn is to optimize your profile, and there are a few ways to do that.

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