There comes a point in life where there is no tomorrow, only yesterdays. A time where we remember the past knowing our future is limited. It can be a time of deep reflection, and that is the case with my friend, Bill Shearon. I met Bill about 15 years ago during my work with the ... 12 Lessons While Nearing the End of the Road...Read More
Many first-time entrepreneurs invest in franchises because they entail lower risks, are more affordable, and are easier to operate than starting a brand new company. When choosing a franchise, you need to analyze the franchise growth potential to ensure that you’re investing in a business that will create worthwhile returns. 1. Industry Growth Researching the … 6 Characteristics of a Franchise with Growth Potential
Low-cost franchises provide a practical option for entrepreneurs that are interested in launching a successful business venture with ease. They pose a significantly lower risk than larger franchises due to requiring a lower initial investment and fewer operational duties. Smaller franchises are also more accessible to new entrepreneurs and are easier to acquire and manage … Are Low-Cost Franchises Really a Good Deal?
When people think of franchises, chances are that restaurants may be the first thing to come to mind. The success of brands like Subway has made the restaurant franchise an attractive investment for those seeking success in the food industry. But are restaurant franchises really a good way to make money, or are they nothing … Top Reasons to Consider Restaurant Franchise Opportunities
Learning the Right Way In everyone’s life, there are some simple truths: you are not expected to hit a golf ball 250 yards down the middle of the fairway the very first time you swing a golf club, you are not required to hit a home run the very first time you swing a bat … Manage Your Expectations as a Business Owner
Where Does Success Begin? If you’re an entrepreneur or future business owner and are looking for the secret to success, it all starts with fear and doubt. Growth – some may use the word evolution – is the result of trying new things. There is always the element of the unknown when you do something … The Secret to Success for Entrepreneurs
Middle-Aged, Former Execs-Turned-Franchisees Fast Becoming a Trend An interesting development in the business world has been the trend of middle-aged, middle-management executives making mid-career corrections and investing in a franchise business. Some make these investments out of necessity (having been downsized); others invest proactively (as a hedge against being downsized). The common denominator is that … Mid-Life Hurdles: Taking Control of Your Career
Like many franchise coaches, I’m on the road quite often. And while it’s never fun to be living out of a suitcase and spending time away from your family, road trips are an excellent excuse to get out of your comfort zone and connect with new people who can provide you with a fresh and … Top 3 Lessons for Franchise Business Success
What Former Military Members and Spouses Should Know When Buying a Franchise Is a franchise right for a veteran or a military spouse? You bet! Was it right for me? Well, no, it wasn’t, but not because franchise ownership is a bad idea. Rather, it was because there were things I failed to think about … 5 Points About Franchising for Veterans, by a Veteran
In a recent online article authored by Scott Dinsmore titled: Full Disclosure: 12 Reasons You Probably Shouldn’t Be An Entrepreneur (The story no one tells), Mr. Dinsmore, an accomplished entrepreneur, eloquently catalogs the pitfalls often associated with building a small business. As I read the article, I found myself wondering: ‘Is being a business owner … 12 Reasons You Probably Should be an Entrepreneur
The National Labor Relations Board released a major decision on July 29th, one that could have far reaching ramifications throughout the franchising world. Specifically, the NLRB has decided that the corporation of McDonald’s should be considered a joint employer with its franchisees, and held liable for certain unfair labor practices within its franchised locations. Such … NLRB: McDonald’ Should be Held Liable for Unfair Labor Practices of Franchisees
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