Acceler8Success Cafe Special Franchising Edition Wednesday 12.2.20

In Tough Times For The Unemployed, Franchising Might Be Their Answer

With millions unemployed and numerous industries struggling due to the coronavirus pandemic, some people who are out of work are considering a new career.

As positions dwindle in the fields they are familiar with, people are finding themselves forced to go outside their area of experience. And for some, that Plan B could be a blessing in disguise.

Owning a franchise has gained popularity in recent years, even in times of economic prosperity, as individuals have looked for a “second act” in their professional life. Franchise sales often do well in a down economy because unemployed people are tired of the lack of control they have in a corporate setting and are ready to become their own boss. Of course, there are also the additional dangled carrots of potentially more income and freedom. Read more.

Are you ready to own your own business?

Are you thinking of going into business for yourself and learning how the choice of a franchise can “jump-start” the process and your earning potential?  Well, Franchise Foundry can help. Working with in-house franchise professionals you will work one-on-one in determining if you’re right for franchising and whether it is right for you.  If you determine that franchising is a path to consider, you will be introduced to various industry segments and ultimately, brands that could be a “right-fit” situation . . . all to help ensure your future success! Learn more.

What makes successful franchises so profitable?

Every business owner dreams of the sustainability of their enterprises. Providing a good product or service, satisfying customers, establishing a reputation in the market are all generally great aspects to base a business on. To kick things up a notch, companies expand, but franchising does not happen overnight. It is just the beginning of a long process that needs constant hard work. Read more.

Identifying the Next Great Restaurant Franchise

When you need insight, asking an expert is the right way to go. Which is why Barbara Castiglia, host of The Main Course, sat down with Dan Rowe, Founder & CEO, Fransmart to discuss all things franchise. Why did we turn to Rowe to learn more about how to grow franchises? Good question. Rowe specializes in finding the next big thing in the franchise world. For more than 20 years, he has identified and grown brands like Five Guys Burgers & Fries, QDOBA Mexican Grill and The Halal Guys from small unit businesses to the powerhouse chains they are today. Under Dan Rowe’s direction, Fransmart’s franchise development portfolio brands have opened more than 5,000 restaurants worldwide, as well as facilitated franchise investments that cumulatively generated over 1-billion in revenues to date. In other words, he knows how to make franchises a success. Read more.

If you’re looking for a business lending source to help finance your start-up or manage your future wealth, contact us today. Benetrends Financial, a pioneer in the industry, has helped thousands of potential small business owners like yourself secure funding over the past 35 years. Learn more.

Business Ownership: Deciding If Franchising Is The Best Route For You

Currently, there are more than 30 million small business owners in the U.S., and of those, nearly 800,000 are owned franchise businesses. Although franchise owners are considered small businesses, they have a lot of advantages that go-it-alone company startups do not share. There is sometimes a substantial investment upfront to invest in a franchise; however, the benefits are numerous. 

Although some people might consider franchise owners to be the epitome of Type A personalities set to revolutionize the world, many real franchise owners might indicate quite the contrary. Franchising is a system that operates on replicating the success of others. Read more.

5 Reasons A Franchise Business Is Even More Important Today

In 2019 and early 2020, the experts were predicting consistent growth in the franchise market. The International Franchise Association, in its February 2020 report, forecasted that franchises in the U.S. would grow by 2.8%, adding 232,000 jobs in 2020, for a total of 8.67 million employees.

While Covid-19 may have altered that prediction somewhat, there is great news about franchising, even during an economic or health crisis. Many franchise brands are even thriving, depending on the industry. So, for franchisors and franchisees (franchise owners), there are many reasons franchising will be more important in 2021 than ever before. Read more.

Technology and How it is Improving Franchising

 Using technology in business is essential for business growth and development, keeping ahead of the competition and increasing profits. Some of the best franchise opportunities around have understood this in exactly the right way and their franchisees are reaping the rewards. Read more.

Would you think about building a house without blueprints?

The purpose of a blueprint is a high-level plan that guides collaborators through the process of designing and contributing to the development of an open course. Its purpose is to visualize the overall “architecture” of the course to guide the design, development, and cooperation process. Now, think about how exploring franchise ownership would benefit from the development of a blueprint as its high-level plan? Learn more.

Executive Opportunity: Invest in Your Own Business Brokerage Office

Small business and restaurant resales are on the rise making it an excellent time to consider owning your own business brokerage office.

A Business Broker is a professional executive, equipped with the knowledge to successfully complete the sale of an existing business, franchise or business opportunity. As the owner of your own business broker office, you will be working on a daily basis with other professionals: business owners, buyers, seasoned entrepreneurs as well as top executives in national franchise companies.

You will serve people from all walks of life. They will come to you for help to buy or sell a business.You will be their negotiator, counselor, marketer, broker, advisor and teacher. You will shape many futures. Your personal integrity will be supremely important. You will stretch your creativity and draw on all your knowledge and experience.

EVERY DAY WILL BE FRESH AND EVERY ACCOMPLISHMENT WILL BE SWEET.

Our National Partner, Empire Business Brokers has successfully trained people from many walks of life to become top producers and business brokers. Our success stories include CPA’s, Attorneys, Bankers, former mid to high level management executives; others who have successfully operated their own businesses, and people with a high ambition to learn. People who feel that they are ready to expand their capabilities with the leader in a dynamic and growing industry will feel at home with Empire Business Brokers!

ADVANTAGES OF OWNING YOUR OWN BUSINESS BROKERAGE:

– Executive business opportunity
– Low initial investment from $25k
– Various profit centers
– Excellent commissions
– No royalty or commission split… Not a Franchise!
– Growing database of buyers, businesses & franchises
– Initial training, marketing assistance and on-going support
– Network of 70+ offices throughout the U.S. and abroad
– Brand founded in 1981

For more information please contact us via email at info@Acceler8Success.com.

Acceler8Success Cafe Tuesday 12.1.20

[Year in Review 2020] The Top 10 Books of 2020 for Entrepreneurs

Undoubtedly and unfortunately, the biggest development of the year 2020 was the coronavirus pandemic – with triple shock effects in health, economic, and social spheres. Though a big setback to many firms, a side-effect was a boost to digital adoption and hybrid business models. See our reviews of the books Pandemic Inc. and Coming Back from COVID for insights on business resilience.

The selection of our Top Ten Books this year provides advice for business models, leadership, tech trends, design thinking, startup ecosystems, storytelling, and connecting to a larger purpose. Read more.

He’s an Inspirational Serial Entrepreneur and a Founder’s Best Friend

Sam Kamani and his effervescent personality have sparked tens of thousands of founders. How? They’ve all read his book, “The 30 Day Startup.” His second book, “Business in the Time of Corona,” was recently released and offers insights on the value of pivoting with guidance as to when and how to best do so. That kind of advice is critical for founders who are typically not flush with cash and often naive about what’s involved, “The biggest disconnect is that founders start with an idea for a solution but the most successful founders start with a problem to solve. All founders get so fixated and have tunnel vision on their own product that they forget about the problem they need to solve,” says Kamani. Read more.

More Entrepreneurship, Less Recidivism Among The Formerly Incarcerated

Recidivism is a big problem in the U.S. Research shows that, within three years of their release, two out of three formerly incarcerated people are rearrested and more than 50% are incarcerated again. In New York, 53% of formerly incarcerated inmates are rearrested within three years.

Since finding steady, gainful employment is difficult for this population, such statistics shouldn’t be that surprising. Read more.

Are you ready to franchise your business or put your recently franchised brand on the right track?

Utilizing a hybrid coaching/consulting approach, the Franchise Foundry team develops and deploys effective short and long-term solutions in franchise management & operations, change management, traditional & digital marketing, relationship & business management technology and domestic & international franchise development. Franchise Foundry also assists franchise brands in raising capital and exploring merger & acquisition opportunities. The company has an expanding list of client brands across various industry segments, with its primary goal of positioning clients with unique, differentiating propositions to stand out in today’s highly competitive business environment. Learn more.

4 Future Trends That Represent Massive Opportunity

Staying on top of trends is how entrepreneurs succeed. I love reading and researching data to understand what’s to come. Sure, no one can predict the future — yet, but excited for the time when AI will do that for us — but trends are our best bet when it comes to projecting where business is heading.  

Not many years ago, we were predicting the rise of something called a smartphone and becoming comfortable with the idea of wide-scale digital subscription services with monthly fees and cars that drive themselves. Now the iPhone and Netflix are part of our everyday lives. Read more.

“ Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”

Steve Jobs, Co-founder, CEO, Chairman Apple Inc.

10 Tips for Performing Franchise Due Diligence

For many, purchasing a franchise will be the most significant investment they’ll ever make, and no one should ever buy a franchise without performing the proper due diligence. Whether it be looking over the Franchise Disclosure Document or talking to advisors, it’s imperative to really dig in and do the research required to get a full understanding of the brand and the franchise requirements. Read more.

Forget 2020: Mark Cuban’s Secrets to Focusing on the Future

Mark Cuban knows what he would do if he were starting over today. That is if he wasn’t a globally recognizable billionaire in his early 60s, if he were instead a fresh-faced 20-something just out of college or someone looking to make his way in the world, Cuban would focus his time and energy on one thing: voice computing. He would learn everything he possibly could about scripting for Amazon and for Google Home. He would build a business around teaching both at-home consumers and commercial enterprises how to personalize and customize their voice-activated devices. Read more.

Why Entrepreneurs Need To Talk About Their Mental Health

72% of entrepreneurs are directly or indirectly affected by mental health issues compared to just 48% of non entrepreneurs. That’s according to a study by the National Institute of Mental Health. 49% of entrepreneurs deal with mental health issues directly while only 32% of others experienced them. Similarly, 23% of entrepreneurs have family members who face these issues compared to just 16% of others with family members who face these same types of issues. Read more.