Ron Feldman

speaker
3,922 appearances 11 recordings 1 series first heard Jun 2010 last heard Dec 2020

Ron Feldman’s voice in public audio — every appearance, attributed to the second.

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but it is something that is a game changer, especially in franchising in the hospitality and in the food side where you have multi-unit operators with more than 50 full-time equivalents.
It's got some really serious effects.
David Barr from the board member of the IFA has done
amazing job at communicating what it means to his operation and how it affects him
And, in fact, next week there's one more franchise conference that I have to throw in.
The unconference is next week in Park City, and that is one of the main topics of discussion for all the CEOs that are going to be there.
How do we do this?
And the unintended consequence is going to be there's going to be a whole lot of 28-hour employees out there so that business owners can –
can manage around the employer mandate.
The other thing that maybe you asked me about my crystal ball, the other thing that might happen, which would be very surprising or might be actually refreshing, is that you might have a return to the owner-operated model in some franchise brands where
have less than 50 employees and you're not subject to that mandate.
Well, let me just go back.
There's one other thing on Obamacare that I've
I scratch my head sometimes when we look at projections from franchisees that are borrowing money today that have 50 employees and they don't account for the mandate.
We scratch our heads.
You've got to increase your employee benefits line by X. What amazes me is some banks aren't doing that.
They've got their head in the sand because, again, uncertainty.
They don't know what the cost is going to be, so they choose not to put anything in.
And we're actually working with somebody to introduce into the franchise space, actually, franchisor health care for all of the franchisees and their employees, which keep your eyes and ears open for that because it's something that allows franchisees to be buying as a,
a large national group instead of a small group of 10 or 20 of 10 or 20 people.
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