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Suggest You - Franchising Offers NO Guarantees --
At one point the Federal Trade Commission had considered that United States based franchisors were to provide franchise disclosures to the potential buyers of foreign countries. This of course is problematic since it is widely known that foreign based companies often steal us trade secrets and copy products and business methods. The Federal Trade Commission agrees which is interesting because most government agencies are calling for additional transparency, which is allowing our foreign competitors. It is almost as if US government agencies are purposely trying to kill our country.I agree with the Federal Trade Commission’s Franchise Groups take on this subject and believe no excessive disclosure be given to foreign franchise buyers as it would be used against American Franchisors. And to that point the huge 200 plus page
Consider the following questions:
Are you a leader? Do you like to make your own decisions? Do others turn to you for help in making decisions? Are you willing to accept managerial assistance from the franchisor? Are you willing to comply with the provisions outlined in the franchise contract? Do you enjoy competition? Do you have will-power and self-discipline? Do you plan ahead? Do you like people? Do you get along well with others?
Important questions need answers covering your physical, emotional and fina
In the United States the Airport and Airway Trust Fund are providing funds for capital improvements to the US airport and airway system and in order to fund the aviation trust fund taxes have been imposed on both commercial and non-commercial aviation. Below we are going to look at air freight tax and what exactly it is with reference to the United States.There are two types of taxes that are imposed on the air freight services as follows: 1. Waybill tax imposed on freight transportation. 2. Fuel taxes on gasoline and jet fuel for freight services (non commercial aviation) 1. Waybill TaxIn the United States air freight tax is charged on all domestic air cargo transportation at 6.25% ad valorem excise tax and this tax only applies to transportation that begins and ends in the United States.
There are NO guarantees. You invest your money and take your chances. My own experiences include franchises for personnel agencies, temporary help services, diet centers, restaurants and PC training schools.
Some of these franchises proved very important in our business plan and growth into a multi-million dollar enterprise. However, there were some expensive lessons that we learned through the process.
As with any business, you must determine whether or not to enter a particular venture. First, assess YOUR reasons for going into ANY business, not just a franchise opportunity. Your best decision may be to buy a franchise. On the other hand, you may not be ready for any business venture.
YOUR DECISION
YOU must become a SUPER “snoop” or investigator. Ask the tough questions. You cannot expect exactly the same results as another owner of a franchise. If you are buying “brick and mortar” then it’s location, location, and location.
Also, it’s not only the location. Employees can make or break a company. Your investment in the company or your ability to fund the enterprise are factors. Your own leadership ability is a key element. “Links” are important, too.
It is imperative that you ask a lot of “what if” questions. What if… I stay with my present employer? What if… I go broke? What if… I don’t LIKE the business? What if… my spouse does not like my “new” hours of work? What if… I don’t like selling?
Why do YOU want your own business? Is it just a dream? Were your parents owners of their own enterprise? Franchise? Joint ownership, partnership? Again, YOU are your own person and must make your own decision. Family history of owning a business is NOT necessarily a guarantee of your success.
TIRED OF THE BOSS
Are you tired of your Supervisor or the Boss telling you what to do? Yes? That's not a good reason to “jump” ship. Operating a business requires more than a need for change or the desire to do as you please.
Business owners DO NOT get to do as they please UNLESS they “please” to spend most of their time worrying” or thinking about their business. Dealing with employees, payroll, benefits, vacations, sickness, children, spouses, vendors, customers, inventory, taxes, lawyers, accountants, auditors, IRS, EEOC, insurance, and more.
TOTAL COMMITMENT
Purchasing a franchise requires TOTAL commitment. Your energy, your money as well as other assets (collateral) are required to back up your new venture. IF you are NOT prepared to invest these qualities and resources into your franchise, then STOP here.
EVALUATING YOUR SKILLS Your experiences and potential success
As a first and often overlooked step, ask yourself why you want to purchase a franchise. This question, although basic, is an excellent way of evaluating your reasons for going into business. List every reason you identify, no matter how far-fetched it may seem.
Divide your list into two separate components. Separate the viable reasons from the trivial ones and categorize them accordingly. It isn't unusual for reasons to range from the desire to be your own boss to the desire to be a billionaire.
Consider the following questions:
Are you a leader? Do you like to make your own decisions? Do others turn to you for help in making decisions? Are you willing to accept managerial assistance from the franchisor? Are you willing to comply with the provisions outlined in the franchise contract? Do you enjoy competition? Do you have will-power and self-discipline? Do you plan ahead? Do you like people? Do you get along well with others?
Important questions need answers covering your physical, emotional and finan
Making a career change is nothing new in today's job market.I've heard it said that the average American changes careers at least once in his or her life. Long gone are the days of working for the same company from the time you graduate high school or college until that magical retirement day.You sure won't find that kind of loyalty from companies to their workers these days, and it's rare to find that kind of loyalty from the average worker as well. What with companies merging, downsizing, and moving their operations offshore, you'd be wise to plan for a career change somewhere along the line in your life.Of course, losing one job doesn't automatically mean that you can never find another job in the same industry or career path. Hopefully, you will. But what if you can't find another j
YOUR DECISION
YOU must become a SUPER “snoop” or investigator. Ask the tough questions. You cannot expect exactly the same results as another owner of a franchise. If you are buying “brick and mortar” then it’s location, location, and location.
Also, it’s not only the location. Employees can make or break a company. Your investment in the company or your ability to fund the enterprise are factors. Your own leadership ability is a key element. “Links” are important, too.
It is imperative that you ask a lot of “what if” questions. What if… I stay with my present employer? What if… I go broke? What if… I don’t LIKE the business? What if… my spouse does not like my “new” hours of work? What if… I don’t like selling?
Why do YOU want your own business? Is it just a dream? Were your parents owners of their own enterprise? Franchise? Joint ownership, partnership? Again, YOU are your own person and must make your own decision. Family history of owning a business is NOT necessarily a guarantee of your success.
TIRED OF THE BOSS
Are you tired of your Supervisor or the Boss telling you what to do? Yes? That's not a good reason to “jump” ship. Operating a business requires more than a need for change or the desire to do as you please.
Business owners DO NOT get to do as they please UNLESS they “please” to spend most of their time worrying” or thinking about their business. Dealing with employees, payroll, benefits, vacations, sickness, children, spouses, vendors, customers, inventory, taxes, lawyers, accountants, auditors, IRS, EEOC, insurance, and more.
TOTAL COMMITMENT
Purchasing a franchise requires TOTAL commitment. Your energy, your money as well as other assets (collateral) are required to back up your new venture. IF you are NOT prepared to invest these qualities and resources into your franchise, then STOP here.
EVALUATING YOUR SKILLS Your experiences and potential success
As a first and often overlooked step, ask yourself why you want to purchase a franchise. This question, although basic, is an excellent way of evaluating your reasons for going into business. List every reason you identify, no matter how far-fetched it may seem.
Divide your list into two separate components. Separate the viable reasons from the trivial ones and categorize them accordingly. It isn't unusual for reasons to range from the desire to be your own boss to the desire to be a billionaire.
Consider the following questions:
Are you a leader? Do you like to make your own decisions? Do others turn to you for help in making decisions? Are you willing to accept managerial assistance from the franchisor? Are you willing to comply with the provisions outlined in the franchise contract? Do you enjoy competition? Do you have will-power and self-discipline? Do you plan ahead? Do you like people? Do you get along well with others?
Important questions need answers covering your physical, emotional and fina
Imagine your blood racing as the previously closed doors of the executive suites magically open … because you know the secret words.The words that establish trust, build your credibility as the authority, and compel the decision maker to meet with you and only you.The words that get you face-to-face, high-level meetings, trim weeks off of the sales cycle and add tens of thousands of dollars to the size of the contract. Words that repeatedly level the playing field and position you as equal to your executive-level prospects.Words That Keep Gatekeepers From Asking Annoying QuestionsLike, "Who are you?" "Don't you know, he doesn't handle that sort of thing?" and "Could you send me something in writing?"To really "get" the power of the words you gotta know that your high-level prospects are consume
TIRED OF THE BOSS
Are you tired of your Supervisor or the Boss telling you what to do? Yes? That's not a good reason to “jump” ship. Operating a business requires more than a need for change or the desire to do as you please.
Business owners DO NOT get to do as they please UNLESS they “please” to spend most of their time worrying” or thinking about their business. Dealing with employees, payroll, benefits, vacations, sickness, children, spouses, vendors, customers, inventory, taxes, lawyers, accountants, auditors, IRS, EEOC, insurance, and more.
TOTAL COMMITMENT
Purchasing a franchise requires TOTAL commitment. Your energy, your money as well as other assets (collateral) are required to back up your new venture. IF you are NOT prepared to invest these qualities and resources into your franchise, then STOP here.
EVALUATING YOUR SKILLS Your experiences and potential success
As a first and often overlooked step, ask yourself why you want to purchase a franchise. This question, although basic, is an excellent way of evaluating your reasons for going into business. List every reason you identify, no matter how far-fetched it may seem.
Divide your list into two separate components. Separate the viable reasons from the trivial ones and categorize them accordingly. It isn't unusual for reasons to range from the desire to be your own boss to the desire to be a billionaire.
Consider the following questions:
Are you a leader? Do you like to make your own decisions? Do others turn to you for help in making decisions? Are you willing to accept managerial assistance from the franchisor? Are you willing to comply with the provisions outlined in the franchise contract? Do you enjoy competition? Do you have will-power and self-discipline? Do you plan ahead? Do you like people? Do you get along well with others?
Important questions need answers covering your physical, emotional and fina
Have you lost it? Your career, I mean... Well it's time to find it and take control to create the excitement, fulfillment and success that is meant for you!Where do you start to regain control? Start here...What are you doing today to manage your career? What does it mean to manage your career and not have it managed for you? How can you take the reins and direct your career?These are great questions that successful people ask themselves every day. Because you see, managing your career is part of your day to day activities. Each meeting you attend, each conference call you lead or participate in, each one-on-one interaction are all steps to managing your career.Where you spend your time and who you spend your time with will either position you to stay put or move forward. This gets to some of the mo
TOTAL COMMITMENT
Purchasing a franchise requires TOTAL commitment. Your energy, your money as well as other assets (collateral) are required to back up your new venture. IF you are NOT prepared to invest these qualities and resources into your franchise, then STOP here.
EVALUATING YOUR SKILLS Your experiences and potential success
As a first and often overlooked step, ask yourself why you want to purchase a franchise. This question, although basic, is an excellent way of evaluating your reasons for going into business. List every reason you identify, no matter how far-fetched it may seem.
Divide your list into two separate components. Separate the viable reasons from the trivial ones and categorize them accordingly. It isn't unusual for reasons to range from the desire to be your own boss to the desire to be a billionaire.
Consider the following questions:
Are you a leader? Do you like to make your own decisions? Do others turn to you for help in making decisions? Are you willing to accept managerial assistance from the franchisor? Are you willing to comply with the provisions outlined in the franchise contract? Do you enjoy competition? Do you have will-power and self-discipline? Do you plan ahead? Do you like people? Do you get along well with others?
Important questions need answers covering your physical, emotional and fina
First, a few words about my qualifications. I was a Yellow Page consultant for nearly 25 years and, prior to that, had my own advertising agency. I also have a degree in marketing. I’ve been designing Yellow Page ads for the past three decades. So I have experience in creating ads and have advised almost 7000 companies on how to put together the most effective ones. If you have a display or in-column ad, regardless of size, color or position, I can tell you it most probably needs improvement in essentials areas like the headline, artwork, body text, placement, book, or heading. So, whether you have an ad or are thinking about placing one, please read on.The small, home-based business was the backbone of our directory. Because they wanted to target a localized market area, the Yellow Pages was ideal. It allowed them to cho
Consider the following questions:
Are you a leader? Do you like to make your own decisions? Do others turn to you for help in making decisions? Are you willing to accept managerial assistance from the franchisor? Are you willing to comply with the provisions outlined in the franchise contract? Do you enjoy competition? Do you have will-power and self-discipline? Do you plan ahead? Do you like people? Do you get along well with others?
Important questions need answers covering your physical, emotional and financial status. All part of being the successful business owner.
Are you aware and understand the “picture” of:
12 to 18 hour work days six days, seven days a week Saturday and Sunday schedules Physical stamina required Family strains and commitment Reduced income possibilities Risk of loss, your family savings Risk of failure and starting over
Answering “yes” to all of the above means that you have some of the skills needed to operate a successful franchise and/or private business. A “no” answer means that you may have to acquire additional skills and/or talent through others or training.
Have you had any business training in school? Are you willing to delay your plans UNTIL you acquire the skills?
FAMILY INVOLVEMENT
When you complete your self-analysis, discuss your results with your family and your financial advisor. Their feedback can help you make the right decision. If you all agree that you have most of the skills needed to operate a successful franchise, then you should feel comfortable proceeding with your plans.
If, however, they feel you lack most of these skills, then you may need to consider delaying your plans until you are better prepared. Above all, be honest and objective with yourself. It is YOUR future that we are dealing with in this analysis.
MY FIRST FRANCHISE
At the time, I was 30 years old and had already co-owned two businesses in my early years before 25 and had spent the last 4-1/2 years with an envelope manufacturer as an executive on the management team.
To make a long story short, I spent almost 2 years in this franchise before realizing we had too many chiefs (investors) and few indians (workers).
Very quickly, here’s the point. The headquarters (franchisor) had a great track record in the “home” city and was making a lot of money. This is important. Why? Was there a “link” to the source of business? YES!
Our problem? We did not own or have the “link” that would turn the business into the same success story as the home office, the franchisor.
You have to look deep to find the details. A number of factors can be the “link” which makes your business successful. Let’s name a few… it could be YOU, or a member of your staff, the location, unlimited financing, a large investor, new equipment and many more possibilities.
Be sure you KNOW the success “links”. Sometimes they are hard to find but it is essential that you “discover” them BEFORE investing your money.
Action Tip: A franchised business has NO guarantee. You need a valid reason to begin a new business. Know that it takes full-time commitment from you and your family. You should know 'thy-self'. Leadership skills are required. Risk of failure is real and increase in skills level is important. Imperative to KNOW the success “link” in the home franchise.
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