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Training-and-Education-Franchise-Opportunities

Article Contributed by Ann Shirley

If you’re an aspiring business owner looking to get your foot in the door then you may want to consider becoming a franchise owner. Becoming a franchise owner is a great way to gain valuable experience in the business world. You will be able to build connections with other franchise owners and people who work for the company. While you will be free to run your own franchise, you can lean on the support of others in the business to help you with marketing and advertising and other modes of assistance that will allow your franchise to grow and prosper. If you’re interested in becoming a franchise owner you should carefully consider these four questions.

  1. What kind of franchise should you invest in? There are countless options available from food to retail and even education. Food franchises can be risky. There are many options available for people to purchase water ice franchises. However, these franchises are usually only open for a season. During the downtimes you may find yourself strapped for cash. In addition, unpredictable factors such as the weather may affect sales. A safer option is to own an educational tutoring franchise. There will always be children in need of tutoring services, and even in the summer you’ll have students in need of SAT prep.

  2. Does the franchise have a good reputation? One of the only drawbacks to owning a franchise is that you’re not a completely independent business owner. This can be very beneficial for thriving businesses. However, if a business is struggling you may want to avoid investing in one of its franchises. If the business folds you could lose your franchise and be out of money. For example, fitness franchise Curves has been in a lot of hot water recently for its closing. Look for a franchise that has a proven track record of success, less competition, and is innovative and willing to try new ideas or take advice from their franchise owners. As a franchise owner you may not have total authority over the company, but you should still have your concerns addressed and work with a company that is willing to listen to your ideas.

  3. What kind of support will your franchisor offer? It is important to choose a franchise that offers you support. While you will be running most operations yourself, you’ll want a franchisor that can help you with marketing and advertising and offer you extensive training and support as needed. Owning a franchise is a great way to get started in the world of business especially for aspiring entrepreneurs, but it is crucial for franchise owners to have outside help and assistance to allow them to learn and grow within the business.

  4. How much will it cost to own and operate the franchise? Discussing the cost of owning and operating your own franchise can be tricky. There are many important factors to consider including a franchise fee, legal fees, build-out costs, inventory, and cost of supplies. Talk with your franchisor ahead of time to find out which costs they will cover and which ones you will be accountable for. Also, find out if there are any annual or reoccurring fees that you must pay. It’s recommended that you make a list of any questions you may have regarding finances ahead of time.

You may also want to ask questions about taxes. Some franchises may be tax deductible which would allow you to get some of the money you invest back at a later time.

Are you a franchise owner or are you considering becoming one? What are or were your biggest concerns or questions regarding owning a franchise? Is there anything you wish you would’ve asked ahead of time? Leave a comment letting us know!

About the Author

Ann Shirley is a freelance writer from New York. As a franchise owner for Hunting Learning Center, she enjoys writing articles about business and entrepreneurship for others to benefit from.



 
  


The Key to Running any Kind of Catering Establishment

Anybody that works in the catering industry knows how stressful it can be at times, and that is why you need to be sure that you can rely on all of your equipment. You will need a range of quality catering equipment that won’t let you down and will live up to the tough demands that this industry is known for. No matter how busy you get you need to know that you will be able to serve food and drink of the highest standard in order to run your business efficiently. All kinds of establishments, including sandwich shops, cafés, restaurants, any kind of fast food establishment, bars and even convenience stores that offer food and drink that needs to be refrigerated, need to have confidence in the quality and reliability of their catering equipment.

Providing quality food and refreshments to the public will enhance your reputation and improve your business. The best way to maintain your standards and reputation is to invest in high quality and reliable equipment. In addition, if you own an establishment where your fridges and displays are in front of the customers you will also need to ensure that you have sleek and stylish items, and this is because appearance and cleanliness also accounts for a lot in the catering industry.

Investing in Reliable Catering Equipment

What you will need in your establishment will depend on the food and drink that you offer to customers, but generally it will include fridges, freezers, display cabinets, ovens and other cooking equipment, cutlery, a range of bar supplies and more. You will want high quality items at affordable prices, and for this it is worthwhile starting at reputable supplies such as Fridgeland and others. These companies supply catering equipment to all types of outlets, and by shopping at large and established places it ensures that you are getting reliable items that will last for years to come too.

With all the necessary equipment set up at your business you can be sure that it won’t let you down and you will be able to run efficiently. Busy periods in the catering industry can be stressful, but having high quality, reliable equipment will alleviate a lot of this stress and ensure that you are able to maintain a continuous service to your customers.


5 Spring Things the Positively Successful Do to Grow

The snow finally melted to reveal a spring-like day. The calendar called my wife and I to activity—to act on our plans for the blueberry bushes to grow fruit.

Positively successful people understand that it’s a process to grow personally and professionally. They Work Positive with themselves and their business to bear fruit.

They do these five spring things to grow:

Purpose

For our blueberries, the purpose is for me to step outside around 6AM each day in July and August to pick for my breakfast. In the evenings, we purpose to pick and put in the freezer for after growing season.

What purpose do you plan to achieve? Whether it’s a personal one like being happier, or a professional one like making more money, first define your purpose. To positively succeed, your purpose is relevant; something you care deeply about which hooks your commitment. State your purpose clearly and write it down to read each morning.

Prepare

A week ago, my wife and I pushed through over a foot of snow to feed our horses. Now we’re working our blueberry bushes. Really?

Yes, because we understand the cycle of growth. We know that to reap later we sow now. We prepare for winter to leave and spring to arrive so we clear away the leaves and amend the soil. We fertilize and prepare for berries.

The positively successful prepare for growth. They understand this cycle takes time and refuses to be rushed. To prosper and bear financial fruit later, your business markets better to attract new clients and amends customer relationships. These sowing efforts mature into reaping results later when you prepare for it, despite the cold adversity in which you find yourself now.

Prune

Blueberry bushes require pruning for new growth. The long-term viability of the plant requires annual evaluation to cut out the overly mature, less productive canes and stimulate the new growth.

What personal habits and professional core habits need pruning? What isn’t producing the returns they once did and need to be eliminated? What new growth is emerging that needs more time, energy, and attention?

Yes, it’s challenging to prune the familiar. Yes, as with the plant, your business may appear to die when cut closely. Yes, you are made to grow and will in more productive ways.

Partner

We know our purpose and prepare and prune accordingly. Only with our partners the sun and the rain do our blueberries grow.

Likewise, you must invest in partners. You may can do everything your business needs, but not all at once. Collaborate with those who commit to your purpose. Like the sun and rain were made to provoke growth, so your partners are present to grow your business. Create fulfilling jobs for them. Invite them to solve problems at a profit with you.

Persist

My wife and I know our purpose and prepare, prune, and partner accordingly. The fruit requires a persistent presence throughout the growth cycle to feed the bushess and harvest in season.

So it is with you and your business. You believe in more growth by regular feeding of your business dynamics. You cultivate by pulling weedy bad habits that crop up. Even when you can’t make rain, you find water. You persist regardless, committed to your purpose.

How will your business grow this year? Purpose, prepare, prune, partner and then persist as you Work Positive with the positively successful!

About the Author:

Dr. Joey Faucette is the #1 Amazon best-selling author of Work Positive in a Negative World (Entrepreneur Press), leading Positive Success expert, & speaker who helps business professionals increase sales with greater productivity so they leave the office earlier to do what they love with those they love. Discover more at www.ListentoLife.org.


#entrepreneurfail-Race-to-t

New Webcomics series brought to you by #entrepreneurfail and GetEntrepreneurial.com. Enjoy!

Climbing the good ol’ corporate ladder is a tried, true, relatively predictable, yet slow way to reach the top. Heeding the speed limit and traversing the dotted lines can get frustrating, as there is no magical formula for ascension. And cracking the office politics and favoritism codes can be a mystery.

This is a reason you may have pursued your own venture: so you could declare yourself the boss. Good luck with that! Sure the org chart will be leaner than in a corporation, but you are never actually your own boss. You are actually reporting to your customers, vendors, suppliers and your investors. They drive and dictate your promotions, pay raises, perks, annual leave, and responsibility. Welcome to your organization. It’s the flip version of the corporate org chart. You are barely hanging on, as it grows larger above you. Be ready to draw it as you go. 

Are you your own boss? Or do you report to your customers? Tell us about your experiences in the comments. 

This comic and post were originally created by Kriti Vichare for #entrepreneurfail: Startup Success.  It can be found in the book Cheating on Your Corporate Job: A Comic Look at the Startup Dream.


A Foot on the Ladder How to Start a Rental Property Business

Starting a business in rental property can be challenging and unpredictable but like most important ventures in life, it requires careful planning to pull off. The property market is a highly competitive industry so patience, organisation and professional advice in the right places is required for the best chance of success. Here are a few tips for making your mark in the rental property business.

Write up a Business plan

To ensure every score and detail is accounted for, you must formulate a thorough business plan for your new rental property business. Once you have decided upon your chosen areas and demographic, conduct some market research about the needs of potential tenants. Other considerations should include market examinations, finance management and all legal aspects of rental property, taking into account possible property disputes and legal fees etc. The more detailed and well-considered your business plan, the easier it will be to operate. Consult some tips on how to write a successful business plan if you are unsure and consult professionals for further advice.

Consider property areas

Choosing where you will place your rental property(s) is perhaps the most important decision to make when entering the rental property business as this is central to most other decisions such as design, facilities and other specific considerations.

Added to this, you must also consider your demographics of potential tenants. Will you be open to families as well as students or will you concern yourself with a particular type of tenant based on the location i.e. student campus or elderly retirement communities? The more you question and research your chosen area, the more flexible your business approach.

Compare tradesmen

The team of builders and contractors you hire to prepare your chosen properties for rent are likely to be the same team you will require for home repairs and services further down the line so it is vitally important to compare builders and price quotes at the earliest opportunity. When interviewing potential tradesmen, be thorough when checking their references and past experience to ensure they are right for your requirements.

Once you have the basics of property startup covered, the next step is to consider the appearance of each rental space. As Landlord and overall owner, it’s important for the sake of tenants and future business that you keep decor consistent throughout each property. Whether you accommodate students or professional couples, furniture experts such as David Phillips specialise in a range of landlord furniture packages that can help you achieve seamless style and quality from one home to the next.



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GetEntrepreneurial.com is a small business blog dedicated to providing business advice and resources to our community of aspiring entrepreneurs. Our specially hand-picked panel of GetEntrepreneurial.com Network experts regularly contribute entrepreneurial content and professional tips for small business owners worldwide.