I called myself an entrepreneur. I really thought I was. Before I became a franchise consultant for FranNet, I was a website designer and copywriter and I had myself a pretty nice little business. As many businesses do, mine started out on a strong note as I went out and marketed myself to get clients [...]
Remember that most people are buying their very first business, so they simply don’t know what they don’t know. However, some mistakes can be avoided simply by being aware of them. Sadly, experience and wisdom is often something we acquire by making mistakes. So it can be a vicious circle. We all learn by making [...]
Before you select a franchise, no matter how exciting you may think the business opportunity is, and no matter how rewarding it may be for other franchisees, you need to ask yourself this: What am I good at, and where are my skills most valuable? Before you’re ready to buy a business, you first have [...]
Starting a business is a scary proposition anytime but starting one in a recession makes it even more nerve wracking. Such fear can freeze us to inaction unless we take a closer look. The reality is that a slow economy can be the ideal time to start a business. With high unemployment rates starting a [...]
In addition to reviewing the economic environment facing small businesses, the latest edition of The Small Business Economy, produced by the Office of Advocacy, presents new research on training for small business employees and owners (see Chapter 5). Small businesses play an important role in training the country’s workforce. As well as being primary job [...]
In previous posts we covered: Safety, Affordability, Success and Fitting Your Image. Now we end with #5, PRESTIGE! For some people this is a big category and for others it is not. Some people could care less about what other people think about them and others it is a big factor. Others are easily [...]
This is a continuation of the Top 5 Buying Factors when Buying a Franchise and today we will cover: SUCCESS and FITTING YOUR IMAGE. Most people get into franchising to be successful. They usually have a dream and are trying to fulfill that dream. Success is in the eyes of the beholder and it means [...]
This is a third part of the Top 5 Buying Factors when Buying a Franchise and today we will cover: AFFORDABILITY. Having affordability listed as the second most import factor usually surprises people. Unfortunately, some people feel safe about the decision that they are making, but sadly they end up not being able to afford [...]
This is a continuation of the Top 5 Buying Factors when Buying a Franchise and today we will cover: SAFETY. Safety is the number one buying factor in anything and everything you purchase and is especially true in buying a franchise. Buying a franchise is a very serious decision and sometimes a life changing one. [...]
