Indianapolis Franchisee Speaks Before U.S. Senate Committee

Indianapolis Franchisee Speaks Before U.S. Senate Committee

By: M. Scott Morris | 3,742 Reads |

Indianapolis Franchisee Speaks Before U.S. Senate Committee

%3Cp+dir%3D%22ltr%22%3ETestifying+before+the+U.S.+Senate+Special+Committee+on+Aging+during+a+%3Ca+href%3D%22https%3A%2F%2Fwww.aging.senate.gov%2Fhearings%2Feconomic-challenges-and-opportunities-for-older-americans%22+target%3D%22_blank%22+rel%3D%22noopener%22%3Efield+hearing%3C%2Fa%3E+in+Indianapolis%2C+multi-unit%2C+multi-brand+franchisee+Wesley+Snyder+highlighted+the+unique+opportunities+created+through+franchising+as+well+as+continued+workforce+challenges.%3C%2Fp%3E%0D%0A%3Cp+dir%3D%22ltr%22%3ESnyder%2C+a+franchisee+of+Fastsigns+International%2C+PIRTEK+USA%2C+and+My+Salon+Suite%2C+emphasized+that+Congress+and+regulatory+agencies+should+avoid+policies+that+could+harm+the+business+model+and+take+away+the+independence+of+franchise+owners.%3C%2Fp%3E%0D%0A%3Cp+dir%3D%22ltr%22%3ESnyder%2C+who+testified+on+behalf+of+his+businesses+and+members+of+IFA+said%2C+%26ldquo%3BThe+value+of+franchising+lies+in+a+strategic+balance+in+the+relationship+between+a+franchisor+and+franchisee%3A+the+independence+of+a+franchisee+to+manage+its+day-to-day+operations+and+connections+with+its+employees%2C+consumers%2C+and+the+local+community+balanced+with+the+franchise+system+giving+aspiring+small+business+owners+a+head+start+toward+becoming+their+own+boss+with+a+proven+business+model+that+can+set+up+new+business+owners+for+success.%26rdquo%3B%3C%2Fp%3E%0D%0A%3Cp+dir%3D%22ltr%22%3EDuring+the+hearing%2C+Synder+elaborated+on+the+continued+post-pandemic+workforce+challenges%2C+saying%2C+%26ldquo%3BQuality+and+cost+of+workforce+remains+the+biggest+challenge+for+almost+all+franchised+businesses.+While+my+workforce+age+ranges+from+teenagers+to+those+over+60%2C+25+percent+of+my+workforce+is+over+the+age+of+50.+Our+businesses+have+experienced+retired+workers+returning+to+the+workforce+given+the+current+climate+of+the+labor+market.%26rdquo%3B%3C%2Fp%3E%0D%0A%3Cp+dir%3D%22ltr%22%3E%26nbsp%3B%3Ca+href%3D%22https%3A%2F%2Fwww.franchise.org%2Fsites%2Fdefault%2Ffiles%2F2023-02%2F2023%2520Labor%2520Survey%2520Draft_V2.7%2520%2528002%2529.pdf%22+target%3D%22_blank%22+rel%3D%22noopener%22%3EAnnual+IFA-FRANdata+research%3C%2Fa%3E+has+shown+that+labor+remains+the+most+significant+challenge+facing+franchised+businesses+today.%3C%2Fp%3E%0D%0A%3Cp+dir%3D%22ltr%22%3ESnyder+expressed+concern+over+policies+coming+from+Washington+that+could+fundamentally+change+the+franchise+business+model%2C+such+as+the%26nbsp%3B%3Ca+href%3D%22https%3A%2F%2Fwww.franchise.org%2Fmedia-center%2Fpress-releases%2Fifa-statement-on-help-committee-advancement-of-anti-franchising-pro-act%22+target%3D%22_blank%22+rel%3D%22noopener%22%3EProtecting+the+Right+to+Organize+%28PRO%29+Act%3C%2Fa%3E%26nbsp%3Band+the+National+Labor+Relations+Board%26rsquo%3Bs+forthcoming%26nbsp%3B%3Ca+href%3D%22https%3A%2F%2Fwww.franchise.org%2Fmedia-center%2Fpress-releases%2Fifa-thousands-of-franchisees-blast-nlrb-joint-employer-rule-urge%22+target%3D%22_blank%22+rel%3D%22noopener%22%3Ejoint+employer+rule%3C%2Fa%3E.%3C%2Fp%3E%0D%0A%3Cp+dir%3D%22ltr%22%3E%26ldquo%3BWithout+a+doubt%2C+these+seismic+shifts+in+employment+policy+and+governance+would+hurt+small+businesses+and+provide+fewer+opportunities%2C+particularly+for+women%2C+minorities%2C+and+other+underrepresented+communities%2C%26rdquo%3B+Snyder+said.+%26ldquo%3BGrowing+a+business+through+the+corporate+model+does+not+provide+ownership+or+wealth-building+opportunities+for+small+business+owners+and+entrepreneurs.+We+need+policy+and+regulatory+changes+that+will+drive+wealth+creation+and+new+business+ownership+opportunities+for+the+most+underserved+communities%2C+not+hinder+it.%26rdquo%3B%3C%2Fp%3E%0D%0A%3Cp+dir%3D%22ltr%22%3ESynder%26rsquo%3Bs+full+testimony+is+available%26nbsp%3B%3Ca+href%3D%22https%3A%2F%2Ffran.link%2Fmufrsb_20230824_2%22+target%3D%22_blank%22+rel%3D%22noopener%22%3Ehere%3C%2Fa%3E%2C+and+a+recording+of+the+full+hearing+is+available%26nbsp%3B%3Ca+href%3D%22https%3A%2F%2Fwww.aging.senate.gov%2Fhearings%2Feconomic-challenges-and-opportunities-for-older-americans%22+target%3D%22_blank%22+rel%3D%22noopener%22%3Ehere%3C%2Fa%3E.%3C%2Fp%3E
Published: August 25th, 2023

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