Whether you are considering a small shop or a national chain of franchise businesses you will need to estimate the income that the business is expected to produce and compare this to your expectations. A reasonable estimate of the income to expect from business ownership can be calculated by adding together three components. A typical business owner… Read More
The times have changed and so have the needs of retirees. According to the Kauffman Foundation’s just-released Kauffman Index of Entrepreneurial Activity, near retirees (aged 55-64) represent a rising share of new entrepreneurs in America. According to the survey, this age group represented 22.9% of new entrepreneurs in 2010 compared… Read More
If you are considering a career change, now could be a practical time to decide whether a dream business or a dream job is best to pursue. The reason is that economic conditions are likely to support either decision. So, if you are to make a change — why not now?
The economy is looking up… Read More
Bill Dunkelberg, Chief Economist of the National Federation of Independent Businesses (NFIB) commented a few days ago: “Although the economy now produces more output than it did at its peak in 2007, it uses 7.2 million fewer workers to do it.” This is a new reality facing those deciding between a Job or a Business.
Economists have traditionally estimated that when the economy is… Read More
Any business can fail including the best known and established franchises. Certainly there are poor franchises, but even if the franchisor provides the training, systems, branding and turnkey operations that drew you to franchise ownership in the first place, it is you who will ultimately manage the business and so… Read More
Boredom and the need for income are two common reasons for retirees to consider franchise ownership.
The Employee Benefit Research Institute, one of the nation’s foremost retirement research think tanks, issued its 21st annual survey of employee attitudes about retirement this month. Here… Read More
When you start to explore franchise business ownership it pays to get a big picture of the landscape early on.
Here are some questions to start your research off on the right foot.
What is franchising and what is a franchise? Most people know that a franchise is a business relationship between a company wanting to expand and a franchise owner. … Read More
As there are no “perfect” people, there are no perfect franchise owners or companies that are franchising their businesses. BUT great franchises strive for the ideal. Here are some things to look for as you evaluate franchise opportunities.
A great underlying concept. “Great” is always in the eyes of the beholder, but the… Read More
Buying any business is among the most complex decisions a person can make in a lifetime. It seems that it ought to be simple and prudent common sense to get expert and professional advice. Here are some reasons that a franchise seeker can benefit from the services of a Franchise… Read More