Business, Paul Eckert

BBB Names International Torch Award for Ethics Finalists and Winners

 

International Torch Award pic
International Torch Award
Image: bbb.org

As the founder and CEO of Family Financial Centers, Paul Eckert of Doylestown, Pennsylvania, paved the way for more than 40 locations of his franchise. Throughout the scope of his work, Paul Eckert has maintained membership in several professional organizations, including the Better Business Bureau (BBB).

In a recent announcement, the BBB unveiled the winners of its 2016 International Torch Award for Ethics (ITAE), which are Harley-Davidson Motor Company, Jon Wayne Service Company, Victory Auto Service & Glass and Merry Maids of Metro. These companies are recognized for demonstrably high-level leadership and ethics practices.

Six other companies were named as finalists. They include:

Albert Moving & Storage, Wichita Falls, Texas
North Star Resource Group, Minneapolis, Minnesota
Secure Destruction Service, Huntsville, Alabama
Main Street Service Center, Harrison, Arkansas
JNBA Financial Advisors, Minneapolis, Minnesota
The Business Backer, Cincinnati, Ohio

Both the winners and the finalists received honors at a September ceremony in Indianapolis, Indiana, in conjunction with the International Assembly of Better Business Bureaus.

Business, Paul Eckert

Demographic Trends in Franchising

 

Franchising pic
Franchising
Image: franchising.com

Paul Eckert established Family Financial Centers in Doylestown, Pennsylvania, over 10 years ago. In his role as the company’s CEO, Paul Eckert works toward offering franchise opportunities within the financial services industry.

The shifting demographics of the United States are impacting not only consumer markets, but also the labor pool. It is important for both franchisors and franchisees to keep up with these trends and adapt their strategies accordingly. Here are two concepts that relate to the discussion regarding millennials and baby boomers.

Millennials are emerging as a significant economic force in the market, as their numbers exceed the baby boomers’ in terms of total population, coming in at more than 70 million. On both the labor and consumer end, this is a highly sought-after demographic that those involved in the franchise industry would do well to target.

As baby boomers continue to age, more opportunities for services catering to their needs have arisen. Whether these are health or financial franchises, the market for businesses targeted specifically at this age group is ripening.