Most Separating Service Members Are Told to Find a Job. The Market They’re Walking Into Is More Complicated Than That. Entry-Level Cognitive Roles Are Disappearing, Ghost Jobs Are Real, and Employment is More Fragile Than It Looks. There’s a Better Way to Think About What Comes Next.
Explore why business acumen often outweighs industry knowledge in achieving entrepreneurial success. Uncover the full story and gain a new perspective on what drives business success.
Why Business Acumen Is More Important Than Industry Knowledge? Read More »
: Uncover the Complex World of Franchising a Successful Business Model. Learn What It Takes to Create a Franchise Concept, the Cost to Develop One, Important Considerations to Take Into Account, and Examples of Pitfalls to Avoid.
What It Takes to Franchise a Successful Business Model Read More »
The Decision to Start a Business from Scratch, Buy into a Franchise Concept, or Acquire an Existing Business Hinges on Your Entrepreneurial Vision, Your Risk Tolerance, Your Financial Capacity, and the Desired Level of Control. Uncover the Unique Advantages and Challenges Associated with Each Pathway.
How To Choose Between Startups, Franchises, Or Acquisitions Read More »
This quiz was designed to test your knowledge of buying a franchise. Are you ready to put your knowledge to the test?
Franchise Fundamentals: Put Your Knowledge to the Test in This Quiz Read More »
Franchise Primer – Everything That You Need to Know About Franchises Before You Consider Buying into A Franchise Concept.
Franchise Primer – Everything You Need To Know About Franchising Read More »
There are a few steps that a franchisee considering a franchise will go through to get to a decision about investing in the franchise. In this article, we will break the process down into four basic steps.
How Do I Research a Franchise Investment? Read More »
A franchise investment isn’t as high as most people think, especially when you put the investment cost into context and compare it with starting a business from scratch. There are eight factors that determine a franchise’s investment costs.
So Why Does a Franchise Cost So Much Anyway? Read More »
A question many franchise entrepreneurs have is related to how much money they will need as they conduct early-stage franchise research.
How to Find Out if You Have Enough Money to Buy a Franchise Read More »
In any industry, you will find good, and not-so-good businesses and business associates. The same is true in the franchise consulting industry. Franchise consultants play an important role in the franchise industry. They can be a sturdy bridge between individuals seeking franchisees to invest in, and the franchisors who are seeking good franchisee candidates.
Are You Working with an Ethical Franchise Consultant? Read More »
As we discussed in the Anatomy of a Business Owner, most self-employed, micro, and lifestyle businesses are started by a person with a strong technical persona. Often, these entrepreneurs are suddenly seized with the desire to start their own businesses because of their strong technical skills. Michael Gerber, the author of “The E-Myth,” describes this
Is Your Business Persona Aligned for Success as a Business Owner Read More »
You Don’t Have to Be First to Win in Business—Just Better. Discover Why Execution, Not Innovation, Is the Real Key to Entrepreneurial Success.
The Real Secret Behind Successful Startups? It’s Not Innovation Read More »
I teach a boot camp class each month for our local Small Business Development Center (SBDC). There is portion of this course that looks at the three ways to become a business owner. These ways include: buying a business, buying a franchise, and starting from scratch. As I discuss the option of buying an existing
Why Owners Sell Their Business Read More »
Existing businesses make money on day one. A successful franchise will earn the owner income not too long after starting up. However, a start-up, even one that survives, may take months or years to begin to pay the owner a salary for working in the business.
3 Risk Levels to Becoming a Business Owner Read More »
