Kurt and Melissa Godwin were chosen as Mosquito Joe's franchisee of the year in 2017. In this interview, the Godwins share their advice for working with a spouse, collaborating with other franchisees and overcoming the hurdles of running a seasonal business.
Women are increasingly finding opportunities in the franchise industry, with an IFA report based on 2012 Census data finding that women own nearly one-third of franchise businesses. Mary Heitman, president of the IFA Foundation, said growing awareness about the business model has been crucial.
The trend toward more financial performance representations has been a key change in the industry, writes Ed Teixeira. These disclosures can provide various benefits, such as allowing prospective franchisees to more accurately project their revenue.
Peter Robb, general counsel for the National Labor Relations Board, has called for dropping the "blocking charge" policy. The policy allows for the delay of union elections when allegations of unfair labor practices are made.
The Job Creators Network is starting a nationwide tour in Virginia, one of about 50 events being planned in the coming months. The goal is to spread news about the benefits of the new tax law, said Jack Mozloom, spokesman for the group.
Business growth comes with economies of scale but can also create new risks, as companies such as Citigroup and Facebook have discovered, writes Morgan Housel. "Remembering that volatility is attracted to outlier growth puts many things about business and investing in context," Housel writes.
Cheddar, a news startup that focuses on money-minded millennials, has formed a deal with Hulu to include its content in the streaming service's live TV subscription package. Cheddar has also reached a deal with Google's YouTube TV.
Tesla's business plan -- and the company's focus on vertical integration -- can be instructive for other startups, writes Andrew Namminga, founder of ANDesign. Tesla's approach illustrates the value of starting with low-volume, high-priced goods and hiring in-house talent as your business grows, Namminga writes.
Sarah McDevitt worked for Microsoft for several years before launching Core Wellness, a maker of hardware and software products for meditation. In this interview, McDevitt discusses a major manufacturing setback, how her company built a prototype and how she has raised initial funding.
Companies tend to make certain mistakes when growing internationally, including failing to dedicate adequate resources to the task and not getting every business function involved, says Yin Yin of Compas Global. Today's software-as-a-service companies can have international customers from day one, so the process around global growth has changed, Yin notes.