“If the startup world needed more proof it was in fashion, here’s more: This year, Barbie becomes an entrepreneur. (What type of business, you ask? That’s not important. Just go with it.)
At Toy Fair this week, Mattel announced that an entrepreneur doll would join its I Can Be career line as its Career of the Year. The entrepreneur doll sports a sleek pink shift dress and carries a tiny tablet and smartphone. Her hair is styled in a poofier version of the ponytail the original Barbie wore in her debut at this toy expo 55 years ago.”
That’s right folks. After having been an astronaut, working fast food, and becoming president, Barbie has now become an entrepreneur. With more than 8.5 million female business owners, it’s about time we see her become an entrepreneur!
Continue reading the article on Entrepreneur.com
Every month ADP releases statistics for the franchise sector in the ADP National Franchise Report. In their latest report (December 2013), ADP found that the franchise industry added more than 30,000 new jobs to the private sector. This is the healthier gain in nine months!
Overall, the franchise industry added more than 229,000 new jobs to the economy in 2013. This accounts for around 11% of all new jobs created in the United States. The franchise industry also outpaced the national employment growth of 1.9, with a growth rate of 2.9%.
The table below shows US franchise employment growth over time, measuring current month, year-over-year, and average monthly growth for the past 12 months.
Additional information on the National Franchise Report and historical data can be found on the ADP Employment Report website here.
Ada — Have you ever wondered what it takes to become a franchise owner? Have you ever thought that a certain retail business would flourish in Ada? The Ada Jobs Foundation is proud to host the second Retail Franchising Show in Pontotoc County. The show will be held in the Ada Chamber of Commerce Community Room on Thursday, January 23rd from 5:00 p.m. until 7:30 p.m. There will be specific information for more than 80 different retailers, details about available properties, as well as information on retail financing opportunities. The event is “come and go” and Ada Jobs Foundation staff will be on hand in order to assist with any questions.
Continue reading about the Retail Franchising Show in Pontotoc County : http://www.theadanews.com/local/x1724065918/Retail-Franchising-Show-set-for-Thursday#sthash.mC7BYq87.dpuf
So you’re ready to start a business and you’ve decided on buying a franchise. Browsing through franchisers on the Franchise Gator site, you’ll notice that we include a liquid capital requirement, along with a minimum investment and total investment. Each of these numbers can be explained in greater detail by requesting more information from the franchisor but here are four of the main categories that costs can be associated with:
When you begin the process of buying a franchise, take the time to fully understand Franchise Disclosure Document. Ask your franchise lawyer to explain anything that you do not fully understand. Franchise ownership can be an incredibly lucrative career, with both part-time and full-time opportunities available.
The best asset that you will ever have in your business is your team. Your employees are the face of your company, the representatives of your brand and can make or break a company’s success. At Mr. Appliance®, we know this well and strive to recruit and retain leaders who fit our Code of Values® both in and out of the workplace.
Brandon spent several years in investment banking, small business development, financial planning, and leadership before joining The Dwyer Group®. Now Brandon takes an active role in helping The Dwyer Group and Mr. Appliance find individuals that have the entrepreneurial spirit and passion for achieving their dreams and goals.
When Brandon isn’t helping people through the evaluation process in franchising, he enjoys being with his family. He has a huge passion for the outdoors, and is also involved in church life. One of the greatest accomplishments in Brandon’s life, he says, is being married to his best friend Kristin. Brandon and Kristin have one son, Hunter.
Continue Reading the article at http://leadingtheserviceindustry.com
Recently, the International Franchise Expo released their monthly report for September. The ADP National Franchise Report (NFR) shows progress for the franchising industry, with more than 15,000 jobs created in September alone. The Franchise Business Index (FBI), which is also used as a snapshot of the franchise industry, was delayed due to the government shutdown earlier this year.
A majority of the job growth was in the restaurant, leisure, professional and personal services, and real estate industries. The growth in September is consistent with the level of growth in job numbers for the past year. As of now, the franchise sector accounts for 8.05 million jobs, with restaurants accounting for roughly 50% of this total.
More information on the September fact sheet released by the IFA can be found here.
Despite the fact that the economy was mired with an economic downtown, FranServe has found itself in a position of continued success.
Recently, Benetrends’ President and CEO Rocco Fiorentino was featured on a panel of experts for “Empowering Entrepreneurs” put out by Media Planet. Fiorentino joined the Benetrends board of directors in 2009, with more than 25 years of franchising experience. Shortly after, in late 2012, he was appointed CEO. For those unaware, Benetrends is a trusted source for small business and franchise financing. Fiorentino has also served as a board member for the International Franchise Association, as well as being a co-chairman of the IFA’s membership committee and chairman for the Multi-Unit Franchise Conference.
Among the many questions asked by Media Planet, one question stuck out to me after reading through the panel’s answers: What are the 3 most important qualities of a successful entrepreneur? There were a variety of answers, including things such as tenacity, adaptability, vision, and luck. But what Mr. Fiorentino had to say struck a chord:
I couldn’t have said it better myself. Fiorentino hit the nail on the head with his answer. When you’re an entrepreneur, you have to have unwavering passion and dedication for your business. Running a business is not easy; stay strong and be a leader for your employees.
Also, having the courage to go from one mistake to the next, taking calculated risks… YES! You’re going to make mistakes and that’s okay, no one is perfect. But an entrepreneur is going to take those mistakes and learn from them, growing their business all the while.
If you’d like to read more from the Empowering Entrepreneurs panel, you can visit Benetrends’ website here.
Other members of the Empowering Entrepreneurs panel include: Lesa Mitchell, VP of the Kauffman Foundation; Mark Quinn, Regional Administrator for the SBA; Matthew O. Brimer, Co-Founder for General Assembly; and Howard Leonhardt, Founder and CEO of Leonhardt Ventures.
Name: Gene Marks @genemarks
Why follow @genemarks? Marks is a writer for the New York Times, Forbes, HuffPo and Phila Magazine. He’s an extremely prolific tweeter with tons of tips and articles for entrepreneurs. Marks also runs a 10-person CRM consulting firm.
Name: Melinda Emerson @SmallBizLady
Why follow @SmallBizLady? Emerson was recently named the #1 Most Influential Woman for Entrepreneurs by Forbes, author of “Become Your Own Boss in 12 Months”, and an expert is social media and start-ups.
Name: Eric Knopf @ericknopf
Why follow @ericknopf? Knopf, a “Serial Entrepreneur”, provides lots of solid advice as well as relevant news and commentary on a wide variety of topics including retail, social media, start-ups, and networking.
Name: Brian Moran @brianmoran
Why follow @brianmoran? Moran, a 20-year veteran, works with smallbusinessedge.com and tweets a mix of personal insights and articles providing advice geared toward small business
Name: Dharmesh Shah @dharmesh
Why follow @dharmesh? Shah, a startup and marketing blogger, is most widely know as the Founder and CTO of HubSpot. He tweets on a variety of subjects and links to a mix of articles, personal insights, and retweets from others giving good advice.
Name: Ramon Ray @ramonray
Why follow @ramonray? Marketing and Technology evangelist, Ray is a a published author, event producer, and journalist. Ray provides his followers with a varitey of articles and event listings/opportunities.
Name: Skoll World Forum@SkollWorldForum
Why follow @SkollWorldForum? I can’t say it better than their tag-line: “Accelerating entrepreneurial approaches and innovative solutions to the world’s most pressing social issues.”
Name: Arianna Huffington @ariannahuff
Why follow @ariannahuff? Co-founder of the Huffington Post, Arianna Huffington relays many articles from HuffPo, often relating to entrepreneurship and women. She also tweets inspirational quotes and pictures of her adventures around the world.
Name: Startup Princess @startupprincess
Why follow @startupprincess? Consultants for Women Entrepreneurs, Startup Princess provides advice, articles, insights, and retweets.
We recently interviewed Nell Merlino, founder of Count Me In and Take Our Daughters to Work Day. Merlino is on a mission: create a better support system for women entrepreneurs around the United States.
In this interview, we talk to Merlino about her most recent initiative- The Women Veteran Entrepreneur Corps or WVEC. The new initiative was designed to help women small business owners (veterans) and spouses/domestic partners of veterans.
Can you give us an overview of the initiative? Why was WVEC originally started?
Merlino: In spite of being well prepared to lead, women veterans report that they face challenges in achieving their entrepreneurial goals and want to learn more about growing their businesses. That’s why Women Veteran Entrepreneur Corps (WVEC) was created — to help by providing coaching, training, and community in the business accelerator program.
WVEC is a three-year business growth initiative developed by Count Me In for Women’s Economic Independence (www.countmein.org), the leading non-profit resource for women entrepreneurs interested in growing their micro-businesses into million dollar enterprises. WVEC is designed specifically for women business owners who are veterans or spouses/domestic partners of veterans looking to grow their businesses quickly and sustainably. The program has been made possible with generous support from Capital One Financial Corporation.
What’s one thing everyone should know about WVEC?
Merlino: All of the participants will have a transformational experience! Based on Count Me In’s vast experience in helping thousands of women business owners grow, the program combines a proven mix of confidence building, business coaching, and community support to help these women significantly contribute to the growth of local economies and create new jobs.
WVEC is open to women business owners at the post-start up phase who are prepared to embark on a serious path of learning and capacity building in finance, marketing, hiring, leadership, and more, all focused on significant and sustainable growth for their small businesses.
Where do you see WVEC in 5 to 10 years from now?
Merlino: In 5 to 10 years I want to see Count Me In’s WVEC become a premiere program for military affiliated women (veterans, spouses and daughters) and that those who participate truly become viable businesses that help our economy at-large.
What advice do you have for women entrepreneurs who are looking to start a business in the near future?
Merlino: They must start getting out of their own way. The biggest challenges these women face include getting access to financial capital and time management. Don’t underestimate the power of your focus and discipline to limit your dreams waiting for the “right time.” If you want to start a business, go for it. The time is now!
What was your background before starting WVEC?
Merlino: I am an international expert and advocate for women’s leadership, business growth and empowerment. Prior to Count Me In, I created Take Our Daughters to Work Day, which has mobilized more than 20 million Americans to participate in a day dedicated to giving girls the opportunity to dream bigger about their future. I am also responsible for the generation of over a billion media mentions drawing attention to the accomplishments and challenges faced by women and girls.
I recently launched Feminine Bias, an activist think tank dedicated to meeting economic, social and environmental challenges by building a female value chain and am the author of “Stepping Out of Line: Lessons for Women Who Want it Their Way in Life, in Love, and at Work” from Broadway Books.
WVEC will be held at the Capital One Conference Center in Plano, Texas on November 18-19, 2013. Those participating in the conference will: