All prospective sellers should begin the exit planning process for their business way in advance, in order to maximize their business valuation. Anything short of that and you are in for a not-so-graceful transition.
"They first should find a business that fits their personality, something they will be passionate about, and that passion becomes their strength and confidence to be a strong and successful business owner."
After years and years working for a hotel casino firm, Karralea List decided it was time to make a change and get back control of her life. After pondering her next career move while cutting the lawn, it came to her - a lawn care business.
When commercial pilot Paul Harris finally folded up his wings after decades working for the airline industry, he overcame his fears of starting a small business by acquiring a franchise, and taking advantage of the support and guidance he needed in order to be successful.
If playing politics with the franchise is an unfortunate part of our past, it should be abhorrent to our modern democracy. At the start of a new presidential cycle, one without an incumbent, it is time to call a truce on voting.
For the export to be successful we should obtain a realistic response to the questions that will help us to assess the real situation of the company and whether if the company has a real export potential and capacity.
April Valusek, multi-unit franchisee of Wayback Burgers, recognized as one of the most aggressive and ambitious better burger brands in the United States, has always had a particular liking to the restaurant industry.
How does a skinny kid from the Bronx with a passion for horror flicks and Broadway become the godfather of an international bootcamp chain? Barry Jay Stich didn't set out to become the namesake of an ever-growing workout empire, it just kind of happened.
You can never, ever get the advertised price because it doesn't include many of the fixed costs, like the set top box, not to mention it is littered with pass-throughs of the company's taxes and fees, including the cable franchise fees.
The National Labor Relations Board's recent ruling labeling McDonald's as a joint employer of their franchisees struck a current of fear into most franchisors. In many ways, the ruling was an attempt to redefine the role of the franchise in employee disputes.
While franchising isn't an easy task, the truth remains that when you combine a strong business model, a well thought out and strategically planned foundation and the patience to set up your franchise properly, the end product will be life-changing.
Franchise development is often one of the most unique challenges that any emerging franchise business faces. Identifying qualified individuals to represent your brand and have the funding at their disposal is what separates a truly successful franchise development team from others.