Don Boroian's Economic Speech

Be sure to check out the speech given by the Chairman of Francorp, Don Boroian, discussing the economy and its effect on the franchise industry.

It is split up into two links on youtube.

part 1:
http://www.youtube.com/watch?v=UXqbPryYCR4

part 2:
http://www.youtube.com/watch?v=HVqyToRnH1M


This video really shows how important it is to pay attention to expand your company in this type of economy. Very nice video. Thanks Don.

Francorp Continues to Expand

Francorp Hires New Franchise Analyst
Francorp brings on new staff.

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2008-11-13 17:16:13 - Francorp is the world leader in franchise consulting and continues to help Francorp clients grow through difficult economic times.
Francorp is Pleased to Announce the Hiring of Mr. Aaron Sejud.Francorp recently hired its third new employee this month. Aaron Sejud comes to Francorp with a great deal of management and business background. Aaron will be a new franchise analyst with Francorp Consulting. Francorp now has a staff of almost 60 people that are full time franchise consultants and development
professionals. Francorp is acknowledged as the industry leader in franchising consulting and development around the world.

Francorp's main operations are headquartered out of Chicago, IL but the firm has offices in 14 different countries around the world. Francorp has worked with over 2,000 successful franchise operations and developed many of the world's most successful franchise systems.Francorp's business has grown 7% since last year despite a difficult economic environment. The increased success of Francorp's clients has driven continued development of the Francorp infrastructure.Francorp is excited to have Mr. Sejud as a new addition to the team and looks forward to continued client success in the franchise business.

Don Boroian has built and designed Francorp to support business owners in taking their business and company into the franchise market. The structure of Francorp was purposely designed to support all kinds of entrepreneurs in rapid expansion strategies.

www.francorp.com

Starbucks to Introduce Smoothies

By Jennifer Martinez
LOS ANGELES,, July 11 (Reuters) - Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) is preparing to launch a line of smoothies next week, according to advertising at stores in several U.S. cities.
Signs in at least four coffee shops in Los Angeles and Chicago said the smoothies, called "Vivanno Nourishing Blends," will hit stores on July 15. Employees at stores in New York, Washington and San Francisco also confirmed the launch of new smoothies next week.
Starbucks would not comment on it.
A Washington, D.C. store gave out samples, saying the drink will have 250 calories. The new smoothies come in two flavors, Orange Mango Banana and Chocolate Banana, according to a sign in a Los Angeles store.
"Starbucks hasn't had real meaningful innovation in its stores in the past couple of years," said John Owens, a restaurant industry analyst with Morningstar Inc. "(The smoothies) are one of several initiatives Starbucks has in place to breathe life into their new brands."
The new drinks will mean increased competition for smoothie chains such as Jamba Inc (JMBA.O: Quote, Profile, Research, Stock Buzz), Owens said.
The smoothies are being rolled out as Starbucks is scrambling to increase sales at its U.S. coffee shops. Demand for the company's premium-priced coffee drinks has softened as consumers deal with a housing downturn and higher prices for food and energy.
Competitors like Dunkin' Donuts and McDonald's Corp (MCD.N: Quote, Profile, Research, Stock Buzz) are also chipping away at Starbucks' business with cheaper espresso drinks and iced coffee.
To help revive profits, Starbucks said on July 1 it planned to close 600 poorly performing U.S. stores and cut up to 12,000 jobs. On a conference call that day, Chief Financial Officer Pete Bocian said Starbucks would be rolling out a line of smoothies nationwide in mid-July. (Additional reporting by Erin Zureick in Chicago, Lisa Baertlein in San Francisco, Martin Howell in New York and Diane Bartz in Washington) (Reporting by Jennifer Martinez in Los Angeles; editing by Nichola Groom)