FTC RFI CALL TO ACTION
Call to Action – Respond to FTC Request for Information
On July 12, 2024, The Federal Trade Commission (FTC) issued a press release concerning franchise issues. Included in that release was the reopening of the franchise Request for Information that was previously open in 2023. This will allow franchisees to comment to the FTC on issues related to their franchise. The deadline is October 10, 2024, so act now and make your comments heard by submitting here.
If you fear retaliation for your comments, you are able to submit them anonymously. If you do submit anonymously, state that you are posting anonymously for fear of retaliation. While the actual Request for Information is long and detailed, just concentrate on your own brand and your issues. If your franchisor is controlling the supply chain and driving up the costs of your supplies, write details about that. If your franchisor is charging fees that were not disclosed, write about that. If your franchisor is not transparent about your marketing fund or only runs advertising that profits them, write about that. Whatever your biggest issues are, submit them.
Remember, the deadline is October 10, 2024. Don’t delay, submit your comments here.
POLITICAL & GOVERNMENT NEWS
Politicians Claim Regulation Hurts Small Businesses. When You Look at Real-World Data, the Truth Is More Complicated
Last week, Kamala Harris released a plan to support small businesses by increasing tax credits and “cutting red tape.” Donald Trump responded by saying he would slash regulation and vowing to eliminate 10 government regulations for every new one enacted.
Read more with subscription: Fortune
Arizona Receives $8 Million To Expand Small-Business Support
Arizona is receiving almost $8 million from the federal government to expand state programs that support small businesses. “The SBA Office of Advocacy puts out the state numbers and Arizona is 99.5% small businesses, in the businesses in Arizona,” said Robert Theobald, the state’s Small Business Ombudsman and vice president of the Arizona Commerce Authority’s small-business services. “And [they] employ nearly half the employees in Arizona. And so small business is extremely important – not just here, but everywhere.” Theobald said the expansion efforts will focus on technical support, education and scaling opportunities, especially in rural areas. One benefitting program helps provide education for owners on the fundamentals of business planning.
Read more: KJZZ
BUSINESS SMARTS
Developing a Winning Tech Strategy for Your Organization
The hallmark of a winning team is their ability to work together effectively toward a common goal by leveraging their various skill sets and diverse experiences. Professional athletes display this teamwork regularly, and it is part of what makes the New York Yankees and Philadelphia Phillies games so fun to watch. Put simply, athletes at the top of their game often operate as one cohesive unit. Businesses need to foster the same level of teamwork, communication and shared understanding to achieve organizational agility and secure successful outcomes.
Read more: CFO Dive
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