More than 120 franchise leaders from 50 companies and 20 states gathered at the elegant headquarters of Faegre & Benson's in Minneapolis Aug. 12-13 for the 2011 Faegre Franchise Summit featuring credit access issues. IFA Chairman Jack Earle, a McDonald's multi-unit franchisee, delivered the keynote address.
The summit was led by Faegre Partner and IFA Credit Access Working Group Supplier Co-Chairman Brian Schnell, CFE, who emphasized the importance of change, collaboration and courage in franchise systems, especially in today's challenging economy.
"Two areas of specific focus were credit access and franchise leadership," said Schnell. "At Faegre & Benson, we believe those two key areas are difference makers for all the different stakeholders in a franchise system."
A diverse range of franchisors, franchisees and lenders, including Guidant Financial and Franchise America Finance, participated in the summit. Faegre gathered partners from across its franchise and business practices to offer counsel and answer questions. IFA Senior Vice President of Government Relations & Public Policy Judith Thorman provided perspectives on the...