Archive for Items Categorized 'Avanti Magazine', only excerpts shown, click title for full entry.
By Teeto Shirajee, NCASEF Vice Chair Gross profit is the difference between total sales and cost of goods sold (COGS). On the Financial 48A, this is calculated by: Tracking sales revenue across all categories. Subtracting COGS, which is based on beginning inventory + purchases – ending inventory. Expressing the result as both a dollar amount […]
By Sukhi Sandhu, NCASEF Chairman For the past three years, franchisee net income has continued to decline. That reality is becoming harder to ignore—especially at a time when inflation, labor costs, and everyday operating expenses continue to rise. Whether you are a business owner or a working family, income must move forward, not backward. Yet […]
By Raj Singh, NCASEF Treasurer Understanding Form I-9 Requirements When hiring or rehiring employees in the United States, every employer—regardless of company size or industry—must comply with federal employment eligibility verification laws. The cornerstone of this process is Form I-9, issued by the U.S. Citizenship and Immigration Services (USCIS). Properly completing, maintaining, and retaining this […]
By Eric Karp, General Counsel To NCASEF Faced with headwinds from a number of directions, the parent company of 7-Eleven, Inc. has publicly announced plans to transform the company (but not the store level economics for franchisees) in a number of ways. Those initiatives have been described in my previous columns and at National Coalition […]
By Teeto Shirajee, NCASEF Vice Chair Franchising has become a popular business model, allowing entrepreneurs to operate under established brands while benefiting from their reputation and operational support. Among these franchises, 7-Eleven stands out as one of the most recognizable convenience store brands worldwide. However, the success of 7-Eleven franchisees is not solely attributed to […]
By Sukhi Sandhu, NCASEF Chairman Across the country, families are still feeling the pinch. Prices keep rising, paychecks aren’t stretching as far, and even though the government has reopened—and federal workers and SNAP recipients are finally receiving their pay and benefits again—the strain hasn’t lifted. For many households, recovery doesn’t happen overnight. Their local 7-Eleven […]
Raj Singh, NCASEF Treasurer 7-Eleven, Inc. may take the position that under the 7-Eleven franchisee agreement, franchisees may be required to provide certification regarding wages, hours, and the eligibility of their employees to work in the United States, and pay the cost of outside auditors to verify the accuracy of the certification. We are required […]
By Michelle Niccoli, NCASEF Vice Chair Running a successful 7-Eleven franchise offers a wealth of opportunities, but it also comes with its share of challenges—local market fluctuations, staffing issues, inventory management, and staying ahead of competitors. One of the most valuable steps you can take to support your business, gain a competitive edge, and build […]
By Eric Karp, General Counsel To NCASEF Twenty Questions originated as a spoken parlor game that encouraged deductive reasoning and creativity. It originated in the United States by Maggie Noonan and was played widely in the 19th century. It escalated in popularity during the late 1940s, when it became the format for a successful weekly […]
By Michelle Niccoli, NCASEF Vice Chair If your store is currently losing money or just not hitting your profit goals, it is time to get serious about understanding what is going wrong and how to fix it. Often, the solution isn’t just about cutting costs—it’s about a comprehensive approach that involves analyzing your numbers, refining […]
