Acceler8Success Cafe Friday 11.13.20

5 Ways to Help Your Small Business Survive During the Pandemic

Covid has been the ultimate disrupter to the global economy. Fortune 500 companies and small start-ups alike have felt the blow, but it’s the small businesses that have suffered the most.

Small businesses are the backbone of the U.S. economy. According to the World Economic Forum, small businesses are responsible for employing nearly half of the private sector workforce. However, during these volatile times where social distancing measures have been put in place and mandatory shut-downs have happened, many small businesses have not been able to survive.   

In September, Yelp released its latest Economic Impact Report revealing business closures across the U.S. are increasing as a result of Covid. According to Yelp data, permanent closures have reached 97,966, representing 60 percent of closed businesses that won’t be reopening. Read more.

Veteran Entrepreneurs and Small Business Owners Adapt and Overcome Unprecedented Challenges

“This year, military veteran entrepreneurs have seen their businesses shuttered or put on pause by the pandemic, faced supply chain issues, and have had to continuously adapt operations in response to changing realities on the ground. This year has also shown a spotlight on an issue that has persisted for too long: the systemic racism in our nation that creates barriers to entrepreneurship for entrepreneurs and small business owners that are Black, Indigenous, and People of Color. With that awareness, Bunker Labs is creating a space that helps entrepreneurs overcome challenges posed by the pandemic and systemic racism by providing the tools, resources, and inclusive community that facilitate growth,” said Bunker Labs CEO Blake Hogan. Read more.

Survey: Small business owners’ uncertainty increased in October

More small business owners throughout the country expressed feeling uncertain about their economic future in the month before the election, although general optimism remained steady, according to research by the National Federation of Independent Business.

The NFIB’s Uncertainty Index increased by six points to 98 in October, while the Optimism Index held at 104. 

“Leading up to the presidential election, small businesses continued to focus on stabilizing their businesses but were uncertain about the future economic conditions due to COVID-19 government regulations on all levels,” said Bill Dunkelberg, NFIB’s chief economist. “We see solid momentum going into the fourth quarter, and another good quarter could get the GDP back to its 2019 closing levels.” Read more.

If you wouldn’t think about building a house without blueprints, why would you consider building a business without blueprints? Like plans for a home, business blueprints should include each component necessary for long-term benefit. Franchise Foundry can help ensure you have the right blueprints specifically for you as you explore the American Dream of business ownership! Learn more.

Five Emerging Disruptive Technologies For Entrepreneurs To Observe

While there are endless articles highlighting the benefits of artificial intelligence (AI), augmented reality and blockchain, there are other emerging technologies that are often neglected by entrepreneurs. These technologies have the potential to completely disrupt the aerospace, health and manufacturing sectors. In this article, will explore five potential breakthrough technologies and how I believe they will converge. Read more.

Election Results Frame Positive Future For Franchising

This 2020 election season has been one like no other. The months leading up to election day — and indeed the days following election day — have been both passionate and tumultuous. With the election now over, the future for franchising is predictable and promising. Read more.

Franchise Foundry represents a number of quick service restaurant (QSR) brands realizing year-over-year sales increases.- Low initial investment – Funding support- Site selection assistance- Small real estate footprint- Support & training- Multi-unit opportunities- Multi-brand opportunities. Learn more.

SBA Loans: What Is an SBA Loan?

When a small business owner needs financing, the first option to come to mind is usually a loan through the Small Business Administration (SBA). While many people are familiar with the term “SBA loan,” they often aren’t clear on what these loans are, or even how to get them. We’ve provided a general overview of the common SBA loan programs to help you decide which programs may fit your business needs best.

The SBA provides several small business financing options. The six most common loans offered by the SBA are 7(a) loans, 504 loans, CAPLines, export loans, microloans, and disaster loans. We have summarized the basic requirements, costs, terms, and application process for each of these SBA loans. Read more.

Small Business Administration (SBA) Loan

Benetrends has been securing SBA financing  for 35+ years and has one of the best loan approval success rates in the industry. With a large and expanding network of lenders, you will have choices when it comes to selecting a loan.  You’ll also have access to our dedicated staff – experts in loans for businesses – to ensure the fastest possible application processing, including a dedicated loan closer to assist with the closing process. Learn more.

Acceler8Success Cafe Thursday 11.12.20

How to Overcome First-Time Entrepreneurial Fear

Picture this: you’re swimming across the open ocean, but have no idea where you’re going. Slowly, but then all at once, the panic sets in. The sea is massive. It’s terrifying. Very quickly, it begins to swallow you up.

You need a plan, or you’re going to drown. Unlike a regular job where your boss gives you tasks to do every day, you’re your own boss. Read more.

The Voices Of Entrepreneurs, From Arkansas To Appalachia To Montana

When we lose small businesses, our divisions deepen. In the 30 years leading up to the Great Recession, fully 80% of metro areas experienced an increase in the number of firms annually. This trend was completely reversed by the Great Recession, after which only 20% of metro areas have seen an increasing number of companies created. New business formation has been depressed in most of the country. Read more.

Dark Truths About Entrepreneurship: What To Do When The Love Is Gone

So you’ve decided you want to be an entrepreneur, huh? City slicking between meetings at the pace of a cheetah and hunting to close the next deal, secure the next partnership, make the next sale. There was an allure to this life that drew you in. Or perhaps, you started simply because you wanted to support your family and being self-sufficient made sense. 

If you’re reading this, it’s highly probable that you’re already living the entrepreneurial “dream.” Yet, it can fast become a nightmare for some. There’s a dark side to this path — and plenty of struggle for those who choose to walk down it. Read more.

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

10-Step Roadmap to Franchising Success

You’re intimately familiar with your starting point – the business you’ve nurtured and grown. You understand your destination – successful franchises around the country or around the world. You have the passion and the proof of concept, but you don’t have the roadmap to move from point A to point B. You’re not alone. 

Most business owners looking to expand into franchising are both anxious and excited, unsure and confident. It helps to learn from those who have traveled the road on which you’re about to embark, both to avoid the potholes and to recognize the markers that lead to success. Read more.

Follow This Entrepreneur’s 3-Step Approach to Cultivating a Killer Brand

Branding is the most commonly used phrase in business circles, but is also often the least understood.

For Jonathan Jadali, CEO of Ascend Agency, a PR form that works with top Fortune 500 companies, a brand is not a tangible thing. As he told me in a recent conversation, it is “a strong feeling that a business creates in the minds of its customers, that creates an emotional bond and passion for their businesses and produces loyalty.” 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.

Acceler8Success Cafe Veteran’s Day 11.11.20

On this Veteran’s Day let’s keep in mind the following quote by George Washington…

“The willingness with which our young people are likely to serve in any war, no matter how justified, shall be directly proportional to how they perceive the Veterans of earlier wars were treated and appreciated by their nation.”

Veteran Entrepreneur Portal

The Veteran Entrepreneur Portal (VEP) is designed to save time with direct access to the resources necessary to guide every step of entrepreneurship. It also makes it easier for small businesses to access federal services, regardless of its source—and quickly connects Veteran entrepreneurs to relevant ‘best-practices’ and information. Learn more.

Entrepreneurship Center offers help as businesses adapt to the pandemic

After a spike in unemployment due to the pandemic, many businesses and entrepreneurs are still trying to catch up.

Kristin Gaspke, who leads WCC’s Entrepreneurship Center, said there’s help for new and existing businesses. Last month, Gaspke and the EC team hosted a four-week Zoom webinar titled “How to Start and Optimize Your Business.”

“99% of what we do in the Entrepreneurship Center for the WCC family is free. We offer all of our programs to everyone. If you look at the pictures on our website, I can tell you the story about each student in the center at that time and where they are now,” said Gaspke. “Today, some of them are still local business owners.” Read more.

The story of the Shop Small® Movement

Small Business Saturday continues to be an annual holiday shopping tradition — just one part of the larger Shop Small Movement that supports small businesses every day and everywhere. Because shopping at a family-owned framing spot or buying a handmade ring from your favorite online small business helps to promote more vibrant communities. Learn more.

Over the next two weeks leading up to #SmallBusinessSaturday we’ll be posting photos like the one below to continue to create awareness that franchises are small business just like Mom & Pop businesses on Any Street, USA. And, just like those independent business owners, franchise owners take entrepreneurial risk, invest their life savings, work long hours, give back to their local communities, compete with big box retailers and much more. Please help in this cause by sharing these posts across social media. #ShopSmall #ShopLocal #ShopFranchise

How Small Businesses Can Adapt to Changing Consumer Behavior

Small businesses have faced immense challenges as they’ve been fully or partially shut down during the coronavirus pandemic. According to U.S. Census data, nearly 80% of small businesses reported a moderate or large negative effect from COVID-19 as recently as of mid-August.

But after a difficult spring and early summer, during which time one in five businesses reported applying for and receiving loans from the Paycheck Protection Program (PPP), the landscape is beginning to look up. Small businesses are increasingly reopening, with 86% reporting that they are either fully (52%) or partially (34%) open. Read more.

The Secret to Business Survival in Today’s Tough Market

As we were ringing in 2020, it’s safe to say that nearly no one could have imagined the novel year that was virtually at our doorsteps. Like a monsoon, Covid-19 arrived. And with it a plethora of changes to not only how we live and work, but how business is conducted.

Quarantines and lockdowns became a way of life, forcing companies to transform how they operate. Office staff, sales reps, and others who were considered non-essential workers began working from home. In person meetings and sales calls became a thing of the past, replaced by collaboration tools to boost the efficiency of virtual teams. Read more.

Accelerating Success for individuals and brands alike!

Acceler8Success Cafe Thursday 11.5.20

People, Business, Strategy: Defining The Pillars For Entrepreneurial Success

A fresh approach to establishing a new company begins with an optimistic mindset, followed by a strategic plan. Establishing your market position as an entrepreneur requires insight into your leadership style and characteristics, as well as an awareness of your personal brand and its position in the market. Having a solid business strategy that is aimed to define, stimulate and advance your company’s purpose, progress and profitability is also a key aspect of entrepreneurial success. 

Outlining and developing these pillars will highlight your organization’s value proposition and create brand awareness for a competitive advantage. Read more.

4 Small Business Lending Trends to Watch in 2021

Small companies have a big impact on the U.S. economy. Business Insider says small companies make up 99 percent of all private sector businesses and they employ 60 percent of all the workers in the country.

These companies are particularly vulnerable to cash flow issues, so fluctuations in the small business lending market are vitally important to the economy. What small business lending trends are affecting American entrepreneurs through 2021? 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.

How Lifestyle Entrepreneurs Can Hire and Retain Top-Notch Talent

Lifestyle entrepreneurs who have built a business that suits their needs and feeds their passion are in the ideal position to make it in their industry. After all, it’s not just that they’ve chosen to do what they love – they’re experts who have taken their corporate experience and poured it into an innovative business model.

However, the time comes in every entrepreneur’s life when they realize that they can’t take care of business all on their own. And that’s where talent acquisition comes in. Read more.

The Best Small Businesses to Start in a Recession

Yes, you can still start a small business during a recession. Some small businesses even thrive in a difficult economy. These businesses are called counter-cyclical or recession-proof businesses.

Starting any small business during a recession is a baptism by fire, but if you can survive, you will thrive as the economy recovers. Read more.

This year’s theme is #VetBiz Resources in Your Local Community which highlights the breadth of free to low-cost entrepreneurial resources that veteran and military entrepreneurs can access right in their neighborhood. Find events near you.

Acceler8Success Cafe Wednesday 11.4.20

11 Entrepreneurs Discuss 2020’s Biggest Challenges And Opportunities

There’s absolutely no doubt that 2020 has been a year like no other. Thanks to COVID-19, many businesses around the world have experienced loss of income, staff and general day-to-day operations. A large number of businesses have had to shut down, either temporarily or permanently. There aren’t many industries that will be heading into 2021 unscathed.

Entrepreneurs and start-ups in particular have had to face challenges they weren’t expecting – and many have had to change the way they operate, both internally and externally. Here’s how some top entrepreneurs have made it through: the challenges they faced and lessons they learned along the way. Read more.

The #1 Business Mistake That Can Ruin an Entrepreneur’s Personal Finances

I have been wanting to write this post for a very long time. Out of hundreds of business owners—either current or prospective—that I speak to on a regular basis, nearly one-half tell me they are about to commit the mistake I discuss in this post without realizing how it can set back their personal finances. In fact, you might consider this post a public service announcement, because the ease of making this mistake, coupled with its long-term effect on your personal financial well-being, is shocking.

I am talking about using a personal line of credit to fund your business. On paper, this process does not sound catastrophic, dangerous, or worrisome. In fact, it sounds logical and easy. Read more.

The Art of the Pivot: Heidi Clear, CenterPoint

What happens when your industry is completely stalled due to the pandemic? You pivot—which is exactly what Heidi Clear of Centerpoint did to keep revenue coming in and to show up for what was needed.

As the owner of a company that produces exhibits for some of the country’s biggest and most crowded trade shows, Heidi Clear’s operation was hit very hard at the start of the COVID-19 pandemic and shutdown. Read more.

How to Develop a Strong Online Presence for Your Startup

Founding a startup during COVID-19 has its share of challenges. If you manage to identify a need and finance the launch of your company in this tumultuous time, a new set of challenges awaits: bringing in new customers. Shifting consumer behavior means that you’ll want to look closely at your online presence and digital marketing opportunities as you launch, allowing you to gain traction in the current market, but also positioning yourself for post-pandemic success. Read more.

An innovative approach to funding your small business.

Benetrends Financial knows innovative funding – they were the first to introduce ROBS (Rollover as Business Startups) with their
Rainmaker Plan®.   While there are competitors offering similar funding solutions, only Benetrends has the breadth of funding opportunities and the experience to successfully launch the dreams of
entrepreneurs – 17,000 and counting. Available options.

31 Quotes About Fear

Don’t let the things you are afraid of—failure, change, adversity, the unknown—stop you from going after the things you want most. Instead, find the courage to do what scares you. Face your fears, and you’ll uncover new and great opportunities. And it will feel good. Read more.

“Avoiding danger is no safer in the long run than outright exposure. The fearful are caught as often as the bold.” 

Helen Keller

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! Read more.

Acceler8Success Cafe Tuesday 11.3.20

15 Big Hurdles You’ll Face as an Entrepreneur – And How to Beat Them

Throughout your career as an entrepreneur, you’re going to face obstacles. Roadblocks and setbacks like self-doubt, dropped clients and burnout come with the territory of owning a business, but they don’t have to get in the way of your success. Read more.

As Small Business Saturday is just around the corner we must keep in mind that franchises are also small business. Franchise owners are very much the same as Mom & Pop businesses across America having invested their life savings to achieve the American Dream of small business ownership. #ShopSmall and #ShopFranchise on #SmallBusinessSaturday. Thank you!

5 Tips to Keep an Open Mind

In the wake of an economic recession, being open minded can feel like a luxury. Our natural response is to tighten the belt and wait for the worst to pass. It’s in these times that our ability to remain receptive to new ideas, perspectives and solutions is not only important, but crucial. The world is never riper for innovation than in times of uncertainty. As an added bonus, those who choose to see the world as an abundance of opportunity see benefits beyond the economical. Read more.

How 2020’s Pandemic And Election Are Impacting Women’s Small Business

A recent study of 522 women small business owners across the 15 most populous states found 54% feared they’d have to close their doors for good because of COVID-19. The study, commissioned by Groupon and conducted by OnePoll, aimed to understand how women small business owners are meeting the challenges COVID-19 presents. Not surprisingly, 75% of women-owned small businesses have been negatively impacted by the pandemic. A fifth said they either plan to or already needed to lay off employees — and less than 10% said they plan to hire more people in the next year. Read more.

How Successful Entrepreneurs Handle Rejection

If no one told you you’re going to hear “no” as an entrepreneur, here’s what you need to know: You’d better get used to it. Whether it’s telling your spouse about how you want to quit your day job and start a business, or you’re going after small business funding, the one thing most entrepreneurs have in common is rejection. Selling anything (whether it’s the idea of entrepreneurship to a skeptical spouse or the idea of a loan to your banker) is hard. It’s not the rejection that matters. It is how you handle it afterward that will make or break your business. As sure as you set out to achieve a goal, you are going to experience roadblocks. Big or small, each “no” could take a chunk out of your armor, if you let it. Read more.

Join us this week as we celebrate National Veterans Small Business Week. We will be showcasing our nation’s military and veteran-owned businesses all week long. This year’s theme is #VetBiz Resources in Your Local Community which highlights the breadth of free to low-cost entrepreneurial resources that veteran and military entrepreneurs can access right in their neighborhood. Each day during NVSBW, we will highlight different topics related to the veteran entrepreneurship journey. We will also host various national-level events to align with each topic area. You can find a full list of events taking place across the country here. Also, check out SBA Administrator Jovita Carranza’s video kicking off the week and read the Presidential Message on National Veterans Small Business Week.

Acceler8Success Cafe Monday 11.2.20

Proclamation on National Entrepreneurship Month, 2020

This month, we recognize the bold spirit of America’s entrepreneurs who continue to prove that the American dream is alive and more obtainable than ever before.  As we continue our great American comeback, we know that these innovative men and women will remain at the forefront of our efforts to create a brighter future for our country. Read more.

5 Tips for Entrepreneurs to Better Serve Their Potential Customers

If your startup or small business hasn’t been ocusing on customer service, the time couldn’t be better to put on a huge customer-centric push. However, you need to make sure you have the infrastructure, protocols and tools to be certain that your brand’s first impression is nothing short of powerfully awesome. Read more.

Business Unusual: 7 Unique Ventures to Consider in 2021

Do you want to be an entrepreneur? Join the crowd; in the United States alone more than 627,000 businesses launch every year. There’s something about the risk and reward that comes with entrepreneurship that remains attractive to many. Maybe it’s that we own a piece of the American dream along with our small business. Maybe it’s just that we’re finally our own boss. No matter, for many entrepreneurs, the gamble is almost always worth it, even if it requires the weight of small business lending to get started. Read more.

This Is Why Entrepreneurs Who Settle For ‘Good Enough’ Will Get Ahead

Sharon Peake, a psychologist and founder of Shape Talent, says that while a reluctance to delegate is not necessarily the preserve of entrepreneurs, when a business is ‘your baby’ with your name on the accounts, and your earnings directly impacted by the decisions you make, it is understandable that some founders don’t want to relinquish control. Read more.

Our goal is to help current and aspiring entrepreneurs architect a plan of continuous accelerated movement toward a pinnacle of desired success, even if and when previously thought to be unattainable. This process has been developed around our proven e-IDEA (explore, identify, develop, execute & analyze) methodology. Deployed effectively, it is key to sustainability and ultimately, to success… Acceler8Success! Read more.

How female entrepreneurs can deal with ‘mansplaining’ investors

One of the most common questions I receive as a female entrepreneur is if I am supported more by males or females in business. Throughout my journey, I’ve been blessed to have a network of supportive women, but also equally supportive men, from my mentors, family members, to colleagues who provided valuable advice and helped me take my business to the next level. Nevertheless, as might be the case with many female entrepreneurs around the world, we are often put in situations where we have to deal with “mansplaining”. The Oxford Dictionary defines mansplaining as: “the practice of a man explaining something to a woman in a way that shows he thinks he knows and understands more than she does.” Read more.

Acceler8Success Cafe Daily Weekend 10.31.20

The Weekend Habits of Successful Entrepreneurs

So much has been written about the traits and skills one must have to be a successful entrepreneur that it’s easy to forget that sometimes it is the little things in life that lead to the greatest success. In Entrepreneur Habits, we provide you with simple yet effective habits that any fledgling founder can employ in their daily — or nightly — routine. With advice from top entrepreneurs and innovative practitioners, these creative customs can help put you on the path to progress. Read more.

Inspire Brands buys Dunkin’ in $11.3B deal

The acquisition is easily the largest deal between two restaurant companies in 2020, and grows Inspire Brands’ footprint from 11,000 to more than 31,000 restaurants, edging it closer to heavyweight rivals like 50,000-restaurant company Yum Brands. Inspire will also gain over $1 billion in revenue and about $12 billion in systemwide sales, based on Dunkin’s 2019 year-end results. Read more.

Corner Bakery Cafe sells to Boston Market owner Pandya

Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. The fast-casual cafe brand had been held been a Roark subsidiary since 2011. Terms of the deal were not disclosed. Read more.

Are you ready to own your own business?

21 Tips for First-Time Entrepreneurs

If you’re an entrepreneur, be an entrepreneur. Don’t listen to the naysayers. If you fail with one idea, start another. You’re an entrepreneur, no matter what, whether up or down, success or failure, you’re always an entrepreneur. Remember that. Read more.

Why You Should Build a Personal Reputation Before Starting a Business

Before you start a business, you should consider building a personal reputation. You might be able to do this naturally by accomplishing noteworthy achievements in your field. But for most people, that means going out of your way to build up a personal brand on social media. Why is your personal reputation such an important factor for success in entrepreneurship, and what steps should you take to develop it? Read more.

An innovative approach to funding your small business.

Benetrends knows innovative funding – they were the first to introduce ROBS (Rollover as Business Startups) with their Rainmaker Plan®.   While there are competitors offering similar funding solutions, only Benetrends
has the breadth of funding opportunities and the experience to successfully launch the dreams of entrepreneurs – 17,000 and counting. Learn more.

Our generation is redefining entrepreneurship

As they enter the workforce, young adults of today know what they want and they don’t plan on settling. This generation values equal opportunity to grow and to reach financial freedom. Young adults want to be the ones in control of their future and for most, entrepreneurship is looking like the path to success. Read more.

How To Scale Your Business In Tough Times

To say that Covid-19 has thrown businesses for a loop would be an understatement. Yelp recently reported that, of the more than 160,000 U.S. companies that have closed since the start of the Covid-19 pandemic, 60% are now shut down for good. Read more.

“While we are in a challenging environment, you will find companies in every industry having their best year yet. Those succeeding are adapting, looking for the opportunity and using data to make fact-based decisions.”

Charles Gaudet, CEO of growth consultancy Predictable Profits

Our goal is to help current and aspiring entrepreneurs architect a plan of continuous accelerated movement toward a pinnacle of desired success, even if and when previously thought to be unattainable. This process has been developed around our proven e-IDEA (explore, identify, develop, execute & analyze) methodology. Deployed effectively, it is key to sustainability and ultimately, to success… Acceler8Success! Learn more.

Acceler8Success Cafe Daily Thursday 10.29.20

Every Company Needs an Entrepreneur in the C-Suite

Innovation thrives when it has power and status within an organization. To enable real innovative growth — and rapid response in the face of such crises such as Covid-19 — boards and company leaders must structure top organizational roles to give innovative efforts the resources and attention they need. In our work on business model innovation with over 100 large and medium-sized companies, we’ve found that companies looking for transformation have two good options: an entrepreneurial CEO or a powerful chief entrepreneur. Read more here.

7 Entrepreneurship Stages Will Propel You to Where You Need to Go

The road to becoming an entrepreneur is a journey, and it’s not a short trip. In my efforts to assist aspiring business owners like you, I find that too many see it as a short sprint to get over that one hurdle, like finding that innovative idea, or attracting an investor. In reality, I find that there are multiple stages to the process, each requiring a unique mindset and focused effort along the way. I was pleased to find a new book, The Entrepreneur’s Faces, by Johnathan Littman and Susanna Camp, which outlines the key stages and provides examples of real people making the transformation from one stage to the next. Read more here.

If you wouldn’t think about building a house without blueprints, why would you consider building a business without blueprints? Like plans for a home, business blueprints should include each component necessary for long-term benefit. Whether exploring franchise ownership or growing your brand via franchising, Franchise Foundry can help ensure you have the right blueprints specifically for you! Learn more here.

What Restaurant Sectors Thrived During The Pandemic?

Why did some restaurant chains sales thrive so quickly after the pandemic?

This week’s episode of the Restaurant Business podcast “A Deeper Dive” features Lorn Davis, who leads corporate and product strategy at the financial data firm Facteus. The company has been reporting sales using debit card information since the start of the pandemic, and its weekly reports have provided some key insights into the direction of retail and restaurant spending. Davis discusses some of the sectors performing particularly well, such as chicken wings, and those that have a longer runway for improvement, like coffee. He talks about the factors that have influenced the sectors’ success and failure, and he discusses how consumers have changed since the start of the pandemic—and how much of that change could be permanent. Listen to podcast here.

Jersey Mike’s Subs CEO Peter Cancro to join MFHA President Gerry Fernandez to talk about the path to Black restaurant franchise ownership

Peter Cancro, CEO of Jersey Mike’s Subs will be a keynote speaker at Restaurants Rise powered by MUFSO on its final day, Thursday, Oct. 29, at 3 p.m. EDT, in discussion on the path to Black franchise ownership, brought to you by PepsiCo Foodservice.

Cancro will be joined by Karim Webb, CEO of 4thMVMT and co-founder of PCF Restaurant Management — a franchisee of Buffalo Wild Wings — and Hugh Roth, senior vice president and chief customer and business development officer for PepsiCo’s Global Foodservice Division. The panel will be moderated by Gerry Fernandez, president and founder of the Multicultural Foodservice Hospitality Alliance (MFHA). TIME SENSITIVE: Read more here.

5 Best Business Ideas for 2021

The COVID-19 pandemic presented a flurry of challenges, from finding small business funding, short-term business closures, quarantines, and mask-wearing to sharp declines in storefront traffic and more.  So there is no doubt that many entrepreneurs threw in the towel this year. Despite all of this, the data shows that 2021 will be a great time to go into business for yourself. Let’s take a look at some trends shaping new businesses next year and five of the best entrepreneurial ideas for capitalizing on them. If you’re considering starting a small business in 2021, there are some trends to consider before making your plan. Read more here.

As Small Business Saturday is just around the corner please keep in mind that franchises are also small business. Franchise owners are very much the same as Mom & Pop businesses across America having invested their life savings to achieve the American Dream of owning a business. #ShopSmall and #ShopFranchise on #SmallBusinessSaturday.

Acceler8Success Cafe Daily Tuesday 10.27.20

5 Best Business Ideas for 2021

There is no doubt that many entrepreneurs threw in the towel this year. The COVID-19 pandemic presented a flurry of challenges, from finding small business funding, short-term business closures, quarantines, and mask-wearing to sharp declines in storefront traffic and more. Despite all of this, the data shows that 2021 will be a great time to go into business for yourself. Let’s take a look at some trends shaping new businesses next year and five of the best entrepreneurial ideas for capitalizing on them. 

Read more…

Entrepreneurship Finds Roots in Families, Reveals GEM Report

Worldwide, 75% of entrepreneurs and 81% of established business owners are entrepreneurs, co-owning or managing their businesses with family members, according to the latest Global Entrepreneurship Monitor (GEM) Family Entrepreneurship Report, co-sponsored by Babson College. The report also reveals traditional views of the founder as a lone genius may not be the case. Family members, whether parents and their children, siblings, cousins, or spouses, are finding strength and success building companies together.

Read more…

Interested in selling your business? Or possibly, buying a business. Well, Empire Business Brokers and Advisors of Texas can help. Working with current and aspiring entrepreneurs, investment groups, privately-held companies and family-owned businesses, representing both sellers and buyers, the Empire team offers a suite of business brokerage and advisory services including valuations, commercial financing, franchise sales and many others.

More info…

Entrepreneurship Lessons That I Learned Amidst The Global Pandemic

Entrepreneurship can be a tough and long journey for most of us, but it surely is a fulfilling one. More often than not, it’s a journey of perseverance, self-discovery and it’s an open secret that no year has been as testing as 2020. The world was presented with a huge unforeseen problem with no apparent solution: an ever-changing pandemic forcing global business communities at large to pause in confusion, panic, and distress.

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Keep The Faith In Small Business

According to the U.S. Bureau of Labor Statistics, the number of business closings peaked at around a quarter of a million at the end of 2008 but returned to pre-recession levels by the end of 2011. Nearly as many new companies were started in 2012 as in 2006.  And even in this year of a pandemic, the country has recently seen tens of thousands of new business starts each week. The 36th week of this year saw over 101,000 new starts, nearly double the same week in 2019.

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Franchise Foundry represents a number of quick service restaurant (QSR) brands realizing year-over-year sales increases.- Low initial investment – Funding support- Site selection assistance- Small real estate footprint- Support & training- Multi-unit opportunities- Multi-brand opportunities.

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What is a Strategic Plan and Why You Need One

When you are starting or running your business, you need to have a plan that ties your current state to where you want to go. That plan cannot just detail the things you will do, but it must follow a strategy that sets you apart given the market conditions you are facing. One way to think about strategic planning is that it identifies any gaps between a current state and desired future state, and then dictates how to close those gaps – how to get you from where you are to where you want to be. To that end, various factors are taken into consideration in order to formulate an effective plan.

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Mark Cuban: These are the 2 books I’m reading right now

Self-made billionaire Mark Cuban has consistently attributed his success, in part, to his devotion to life-long learning. In fact, the “Shark Tank” investor previously called it “the greatest skill” to have. For Cuban, life-long learning means spending “four to five hours a day” reading, he told CNBC Make It in 2018. “I read everything I can. I don’t care what the source is.”

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