At the Dallas Franchise Expo:
On May 14 and 15, meet with 70+ brand reps and attend workshops.
More info about the Expo: DallasFranchiseExpo.com
Courtesy of the Ismaili Chamber, free admission to the Expo can be printed here.
Limited seating at the BOSS Event. Registration is required:
The American Ismaili Chamber of Commerce visited members in Illinois on March 5, 2016. With the assistance of the local EPB team, the meeting brought together 26 entrepreneurs and professionals from the greater Chicago area. Discussion at the event included the topic related to the Chamber’s objectives, key accomplishments and the future of the Ismaili Chamber.
Additionally, Checkers/Rally’s attended the meeting to share franchise opportunities in the greater Chicago area. They presented various models currently being offered. It should be noted that members from the Chicago are heavily involved in franchising—particularly, Dunkin Donut and Subway brands. However, they are experienced and diversifying to other brands. Checkers/Rally’s is now in Chicago and we have Ismailis involved with the brand in Georgia, Florida, Tennessee, Alabama, Texas and now Illinois. This brand is now looking to expand in the California market.
The meeting ended with lots of discussion on how the Chicago Ismaili entrepreneurs can engage with the Ismaili Chamber in a more meaningful way, the importance of holding diversified portfolios, and how operating partnerships can serve as a “win-win-win” relationship. The crowd, in particular, pointed out that it is vital to have diversity in their passive investment portfolios as well as their operating business portfolios.
Access franchise presentations and resources from events in Ismaili Chamber’s Franchise Corner.
Register at multiunitfranchisingconference.com. Use promo code: 2016AICC
Ismailis and Non-Ismaili friends of the Ismaili Chamber attended the Franchise Expo South in Houston’s NRG Center. On Feb 13, 75 Ismaili entrepreneurs and professionals attending the Expo, exclusively gathered for the Franchise BOSS (Business Opportunities Success Series) event organized by the Ismaili Chamber and Economic Planning Board Southwest.
During the Franchise BOSS exclusive event, Ismaili Chamber presented on several topics related to franchising — such as evaluating franchise brands, having a checklist, creating operating partnerships, having a strategy and more.
Ismali Chamber also introduced four franchise brands looking to grow in the South Texas area exclusively to the attendees. The franchise brands included:
- Ivy Kids: High quality early childhood education center (Ismaili-owned franchise)
- Checkers/Rally’s: QSR burger and fries drive-thru concept
- Chem-Dry: Carpet cleaning home/commercial serve concept
- Captain D’s: Fast casual seafood concept
Not only were the industries who presented diverse, but the initial costs varied from $120K to $4M.
All in all, the event was well received by attendees.
All franchise presentations from the event and other resources are posted under Ismaili Chamber’s Franchise Corner.
As one of the objectives of the American Ismaili Chamber of Commerce is to “Anticipate and communicate economic and legislative trends as it translates to business opportunity and risk,” it was applicable to organize an event titled, “Impact of Low Energy Prices On Retail, Real Estate, and Financial Sectors.” This event was held at The Ismaili Jamatkhana and Center in Sugar Land, Texas on Feb 25, 2016.
The Ismaili Jamatkhana and Center has increasingly become a focal point for knowledge sharing and exploration between communities and civic leaders across greater Houston. Poignantly, this event was a collaboration between The Aga Khan Council for the Southwestern US, Fort Bend Chamber of Commerce, and American Ismaili Chamber of Commerce. The primary objective of the event was to have key Houston economists explain the impact of lower energy prices on the local Houston marketplace on a near, mid and long-term basis.
The economists sitting on the panel included Jenny Philip and Dr. Adam Perdue. Mrs. Philip is a regional economist and director of research at the Greater Houston Partnership. Dr. Perdue is an economist at the Institute for Regional Forecasting at the University of Houston’s Bauer College of Business. The moderator was Moazzam Khoja, CFA, who serves as the director of product management at OpenLink Financial, a software company proving physical and financial risk management software services to global energy companies. A full house of 150+ attendees eagerly packed the social hall to pick up nuggets of wisdom from the panelists, especially given the impact the energy sector has on the Greater Houston economy.
The panel experts first explained how we got to this point — the world production of oil is 96 million barrels per day (mbd), but consumption is only 94 mbd. Thus, the delta of 2 mbd accumulation, along with OPEC’s refusal of slowing production and adding the length of time involved is the crux of the low prices. The impact of low oil prices in Houston is not as simple because economists must consider a myriad of variables — employment, wages, sub-industry impacts, consumer spending, and Houston’s geographical bearing.
A key take-away for the attendees was that they should remain mindful in managing their current businesses, conscious in expanding their businesses into certain areas of Houston and critical in making new investments. The panel suggested that this economic challenge will not be long-lived. Meaning, it will not be a repeat of the 1980’s oil crisis.
The panel discussion concluded with a question and answer session with the audience. Needless to say, the conversation was rich, in-depth and meaningful.
Additionally, the following links also provide more information on the impact of lower energy prices on Texas’ economy: