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Member You - Is Franchising Right for You?
It seems everyone around me is working longer and longer hours. My husband used to have the occasional early morning conference call when he needed to be in by 7am. Now that seems to be the norm everyday. My brother is on the first train into Grand Central each day and can usually be reached at his desk by 6:15am. And a recent New York Times article talked about the increase in commuter train ridership as employees are getting to work earlier and earlier so as to be able to work with colleagues and clients in Asia who are ending their day just as some of us are waking up! So where does that leave any room for you? How can you fit in changes to your career when
But franchising has truly come of age in the decades since World War II, with the boom in retail and service franchises. Franchises now account for account for between 40% and 50% of all retail businesses, employ more than 18 million workers, and generate better than $2
1. Stay in touch and be there for them quietly.Because you hear nothing from them, it does not mean that they are OK. Because they have come through one bout of unhappiness successfully it does not mean that it will be the last. Call weekly.2. Do they know how best you can support them?Some of us were brought up according to the independence model and have to be introduced gently to the idea of support of any kind being acceptable. Encourage those of this school to reflect on what would be most helpful and communicate it.........And if nothing comes to their minds immediately, do not stop asking.3. Never allow them to complai
There's no way to completely eliminate risk from business. It comes with the territory. The key is risk management, based on the rough formula that says: the fewer variables (risks), the greater the probability of success. That's the concept behind the phenomenal boom in franchising -- from auto dealerships to fast food to print shops to lawn services, pest control and more. That's also why, over the last several decades, the franchise form of doing business -- now with more than 3,000 franchise companies and better than 750,000 franchise units in operation -- has changed the way small business does business in this country.
THE FRANCHISE BOOM
The franchise concept is not new. The first franchises appeared shortly after the Civil War (established by the Singer Sewing Machine Company and other large corporations to distribute their products). The idea took off earlier this century with the rise of auto dealerships.
But franchising has truly come of age in the decades since World War II, with the boom in retail and service franchises. Franchises now account for account for between 40% and 50% of all retail businesses, employ more than 18 million workers, and generate better than $2
Imagine having a calm and obedient dog. He doesn't yelp at every little noise or bite you forcefully because he "thinks" you're playing with him. He's also friendly, but respectful and can basically understand what he needs to do each day. Oh, the sheer bliss of it all! Now imagine that you were able to bestow this excellent behavior upon your beloved pet and those of countless others each day. That's what Tyson Kilmer does. For a living. For celebrities.Tyson, 37, has had a love for animals ever since the day he was born. It's no wonder he has immersed himself in an animal career. Growing up on a farm, this celebrity dog trainer learned how to speak to
THE FRANCHISE BOOM
The franchise concept is not new. The first franchises appeared shortly after the Civil War (established by the Singer Sewing Machine Company and other large corporations to distribute their products). The idea took off earlier this century with the rise of auto dealerships.
But franchising has truly come of age in the decades since World War II, with the boom in retail and service franchises. Franchises now account for account for between 40% and 50% of all retail businesses, employ more than 18 million workers, and generate better than $2
Business cards are a very popular way of providing your contact information to others. Business cards are used for a variety of reasons including promoting your service or advertising your business to others and are an extremely important tool. In our busy world, it is often inconvenient to write down someone’s information. Being able to simply exchange cards with all that information is very quick and easy. It allows the accurate information to be accessed over and over again. How many times have you wrote down a phone number and put it away? The next time you pulled it out, you couldn’t remember what the number was for. Business cards eliminate that from happ
THE FRANCHISE BOOM
The franchise concept is not new. The first franchises appeared shortly after the Civil War (established by the Singer Sewing Machine Company and other large corporations to distribute their products). The idea took off earlier this century with the rise of auto dealerships.
But franchising has truly come of age in the decades since World War II, with the boom in retail and service franchises. Franchises now account for account for between 40% and 50% of all retail businesses, employ more than 18 million workers, and generate better than $2
Yep, you've heard it a million times before... the digital age is well and truly upon us! You need only take a look around to see the world is converting to digital in every way - cameras, tvs, books music - so it is no surprise that signage has jumped on board and taken a step into the digital world.Appearing everywhere before our very eyes, digital signage can be found in a variety of different places; the supermarket, post office, public transport, nightclubs and pubs. With the convergence of digital signage in a number of diverse industries and technologies, the digital signage industry is starting to become closely aligned with other, much larger in
The franchise concept is not new. The first franchises appeared shortly after the Civil War (established by the Singer Sewing Machine Company and other large corporations to distribute their products). The idea took off earlier this century with the rise of auto dealerships.
But franchising has truly come of age in the decades since World War II, with the boom in retail and service franchises. Franchises now account for account for between 40% and 50% of all retail businesses, employ more than 18 million workers, and generate better than $2
What a conversation! A British gentleman working in global logistics, his American entertainer wife who recently became a mother, an Australian event coordinator and me. Four different cultures – and different points of view.We talked about the service we received at retail stores, banks, restaurants, hotels and airlines around the world. We each had very different opinions about what constitutes ‘good service’.The logistics guy likes fast and efficient; pleasantries are incidental. The entertainer wants time to browse before she is approached, and feels ‘hurried’ if someone comes too close, too soon. The Australian feels just the opposite. She wa
But franchising has truly come of age in the decades since World War II, with the boom in retail and service franchises. Franchises now account for account for between 40% and 50% of all retail businesses, employ more than 18 million workers, and generate better than $2 trillion annually in economic output, creating what would be the fourth largest GNP in the world!
The franchise concept is simple. The franchisee or franchise buyer purchases a legal right to sell a good or service from the franchisor. This includes the parent company's trademark and other services. In return, the franchisee agrees to certain restrictions and pays an ongoing fee.
That's perhaps why franchises have become the domain of the small business owner. In fact, about two-thirds of franchises are organized as single establishment sole proprietorships, with approximately 5 employees per establishment.
FRANCHISES REDUCE RISK
The number one advantage of franchising for the business owner is risk reduction. Purchasing a franchise gives franchisees the opportunity to build a business of their own, but not necessarily on their own. They share in the expertise and support of the parent company.
This is especially significant in the start-up, since new businesses, as a group, have the highest failure rate. However, franchises from established companies generally have a lower failure rate than businesses either
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