March 11, 2010
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Your Franchise Consultants Franchise News SourceFranchise News Watch brings you the latest in franchise consultants franchising news from around the web. As a news aggregator for the franchise consultants franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Franchise Consultants Franchise NewsDawn of New Decade Signals Fresh Start for Franchise Lead GenerationThe Entrepreneur's Source is giving the franchise industry an innovative, trendsetting way to grow.
Do People Need a Coach to Guide their Career?As the year gets underway, many people, employed or unemployed, are likely wrestling with a career plan that involves research and support in order for it to succeed. But how successful can it be without the guidance of a career coach? That's the...
AD-vantage Promotions Prepares for St. Nick's DayWhen you wake up on the morning of Dec. 6, will there be a Sack full of candy and maybe even a present in it waiting for you? If you answered yes, you're one of the special ones in the Midwest who participate in a tradition known as St. Nick's Day. AD-vantage Promotions Opens 5 New DealershipsAD-vantage Promotions announces the opening of its newest dealerships servicing Sparta, NJ, Maple Grove, MN, Medina, OH, Dallas, GA and Collinsville, IL. AD-vantage Promotions is a recognized leader in Embroidery, Screen Printing...
Jeffry Levy, Seattle Business Coach Wins 'Franchisee of the Year' AwardJeffry Levy, a seasoned franchise business coach with The Entrepreneur's Source (TES) has been honored as the "Franchisee of the Year' presented at the FranchisEsource Brands International annual Conference in Phoenix, Arizona. This award recognizes... New Hampshire Business Coach Duo Receives National AwardAnn Connor and Michelle Connor, highly trained, seasoned business coaches for AdviCoach have been honored as recipients of the prestigious "Franchisee of the Year" award given out at the FranchisEsource Brands International (FSBI) Annual Conference in... Regis Corporation Partners with The Entrepreneur's Source To Expand Nine Franchise BrandsMinnesota-based Regis Corporation (NYSE: RGS), the worldwide leader in the $170 billion hair-care industry, has entered into an agreement with The Entrepreneur's Source, the nation's premier franchise coaching firm. The Entrepreneur's Source Chosen as Top 100 Franchise by World Franchising NetworkThe World Franchising Network has selected The Entrepreneur's Source, TES as one of the 'Top 100 Franchises' in the services sector. In addition to this honor, for 9 consecutive years, TES has selected by Entrepreneur Magazine for their... Career Coaching Opportunities Abound in NevadaWith many believing that the small-and-medium-size businesses will lead the national economic recovery, seasoned corporate executive Ray Keough has taken on a new mission - bolstering economic development opportunities in the state of Nevada with the... Career Coaching Opportunities Abound in ArizonaWith many believing that the small-and-medium-size businesses will lead the national economic recovery, seasoned corporate executive Ray Keough has taken on a new mission - bolstering economic development opportunities in the state of Arizona with the... Coaching Career Opportunities Abound in North CarolinaWith many believing that the small-and-medium-size businesses will lead the national economic recovery, seasoned corporate executive Kale Gaston has taken on a new mission – to ensure the good health of the small businesses community in the state of
The Entrepreneur's Source Ranks as one of the Top Home-Based Businesses by Entrepreneur MagazineThe Entrepreneur's Source, TES for the second year in a row, is once again being recognized by Entrepreneur Magazine as one of the top home-based franchises for 2009. TES, also ranked #266 in the Top Franchise 500 list, is a market-leader in the... AdviCoach Helps Local Business Owners Convert Economic Pressure into Long Term GrowthAs a former executive with extensive management experience in the global financial services industry, Robert O'Brien of Newbury has been extensively trained as an AdviCoach and is now working with small and mid size businesses to help provide turnkey... Franchisors Embrace FAST(TM) Scholarship Program Incenting Prospective Franchisees with Accelerated Success ProgramDesigned to help new franchisees get a jump start at reaching a level of success sooner rather than later, franchisors across a variety of industries are offering FAST™ (Franchise Accelerated Success Training) Scholarships to new franchisees.
Thespian's Newest Role Helping Those Who Seek Business-OwnershipFormer Information Technology Project Director plans to bring the experience he has accumulated over the past 28 years to those seeking a change in careers. Former jobs on Wall Street, in large brokerage firms, and with banks have provided him with the...
Entrepreneur and Franchise Owner Turns to Business Coaching, Helping People in Career TransitionFormer owner/publisher Bob Kober of Biz Life Magazine, which serves the North Carolina business community, has now turned his entrepreneurial skills and franchise knowledge into helping people learn about business ownership through franchising. Local business consultant, John Halstvedt, becomes Montana's first franchisee ofA Business Buyer Protection Report is free at Partneroncall.com/JohnHalstvedt. Serving clients and communicating with leaders in the business buy/sell industry, John Halstvedt aims for done deals as a "Business Buyer Advocate". "Partner" On-Call Network honors California business consultant Dan Pellegrino for Sources of Client Referral Development"Partner" On-Call Network announced the Sources of Client Referral Development Award won by California business consultant Dan Pellegrino. Pellegrino serves clients as a Business Buyer Advocate and a "Partner" On-Call. Business Coach Helping Local Minneapolis EntrepreneursFor over 30 years, Mike Accurso has held positions in senior management, consulting and sales with companies such as National Car Rental, EDS and IBM. Now, he is bringing this managerial experience, and love of helping others, to his newest profession... Florida Residents Seeking a Career-Switch Can Now Turn to New Business CoachSusan Scotts has a great deal of experience in franchising. With over 20 years in the franchising development and sales, she has decided to share her knowledge with those seeking entrepreneurship as a way to control their income and lifestyle... Bedford Resident Opens Consulting Business to Help Entrepreneurs Fulfill the Dream of Business OwnershipThe new office of The Entrepreneur's Source in Bedford has one goal -- to make the Entrepreneurial Dream of business ownership easier to attain for aspiring local entrepreneurs. Former Business Owner Now Offers Business Coaching Services to Lehigh Valley Aspiring and Existing EntrepreneursSenior Core of Retired Executives (SCORE) member Mike Willency has joined The Entrepreneur's Source, as a Business Coach helping people find business ownership opportunities as well as working with existing small businesses to increase their... Executives Embark on Second Careers in Tough EconomyFor many people, searching for the next career move in today's rocky economy can be likened to pulling teeth. As more and more companies are being forced to tighten their budgets and cut staff - as in the recent loss of positions in the financial... Business Coach Helping Local Minneapolis EntrepreneursFor over 30 years, Mike Accurso has held positions in senior management, consulting and sales with companies such as National Car Rental, EDS and IBM. Now, he is bringing this managerial experience, and love of helping others, to his newest profession... Unemployment Statistics Drive Growth in Franchise Business CoachingWith business ownership becoming a more realistic option for workers in career transition, The Entrepreneur's Source, TES introduces 15 more franchise business coaches to the market in April to help individuals discover if working for themselves can meet FranChoice Launches New "Awkward Conversation" Campaign to Provide Additional Employment Resources for Displaced ExecutivesWhether you're chatting with friends at a party or just exchanging pleasantries with an acquaintance at the local garden store, there's one painful subject that keeps coming up: unemployment. Every time we utter: "How ya doin'?" we brace to see if an... "Partner" On-Call Network Relieves Recession Woes for Downsized Corporate AmericaAs outplacement agencies burst at the seems with downsized corporate executives, some of them have come to rely on "Partner" On-Call Network (POCN), a national consulting firm that helps its clients, buy, start, improve, finance, value and sell small... "Partner" On-Call Network honors Jeff Smith, "Partner" of the Year"Partner" On-Call Network announced the "Partner" of the Year award won for the second year by Indiana business consultant, Jeff Smith. Known as a member of "The Done Deal Team," Smith serves clients as a Business Buyer Advocate and a "Partner" On-Call. Free Advertising - Business Buyer Advocates' Directory Of Profitable Businesses For SaleFREE ADVERTISING for business brokers and business sellers in the Directory of PROFITABLE Businesses for Sale, published by the Business Buyer Advocates at "Partner" On-Call Network.
"The 5 Steps to Freedom" – a Business Compass for Transformational TimesBusiness owners have a greater chance of success if they understand the path a typical business needs to go through to reach the ultimate "freedom" stage, or the "pot of gold" at the end of the proverbial rainbow. Local Business Coach Opens Doors to New Career PathsFor 8 years, David Cox brought his leadership, managerial and business development skills to Bolection Door, which he co-founded before selling it to the largest door manufacturing company in the country. Now, he has joined forces with The... AdviCoach Business Coaching Franchise Grows by 21 Percent in 2008Investments in the business coaching franchise AdviCoach grew by 21 percent in 2008 compared to 2007, pointing to the need in the small business market for coaching services in the battered economy. This increase also parallels the... AAFD Partners With Health Analytics, Inc. And First Service Administrators, Inc., To Provide Affordable, Quality Healthcare SolutionsAmerican Association of Franchisees and Dealers (AAFD) recently entered into a strategic partnership with First Service Administrators, Inc., a leading full service third-party benefits administrator for health plans, and its sales and marketing... E-Source Business Coach to Help Entrepreneurs Sustain Through RecessionDante Vespignani brings over 20 years experience in business operations and management to help aspiring and existing entrepreneurs sail through this turbulent economy and prepare them to soar once the clouds clear. Vespignani, former franchise... Local Ontario Businesses Have a New E-Source Business Coach in TownWith 25 years experience in the corporate world, Alison Brown joined The Entrepreneur's Source, TES as an E-Source Business Coach serving local businesses in Ontario. Alison has spent the last eight years working with IBM in... Adding to its 33 Percent Market Share, E-Source Business Coaching Units Rise by 27 Percent in 2008Bringing more franchise expertise to the small business struggling in this challenging economy, The Entrepreneur's Source awarded 27 percent more Business Coaching units in North America in 2008 compared to 2007. This increase of E-Source Business...
Strategic Alliance Brings Needed Financial Relief to Franchise and Small Business OwnersPioneering a solution to the credit crisis facing America's small business owners, The Entrepreneur's Source has formed a strategic partnership with Guidant Financial Group, a premier financing firm. Together, they will make hundreds of millions of... OneCoach Listed Among Entrepreneur Magazine's Franchise 500: Exclusive Mind, Marketing & Millions® Business Conference is Coming UpOne San Diego-based company has some great news, in contrast to so much of the gloom and doom we're hearing about the economy right now. OneCoach International has earned a spot in Entrepreneur Magazine's Franchise 500, coming in at #428... FranChoice Featured on Fox BusinessJeff Elgin, founder and CEO of FranChoice, recently sat down with Jenna Lee of FOX Business Morning C:Suite Sit-Down to discuss the current state of franchising, as well as the industry's outlook for 2009. Small Business Franchise Owners Reach for Success Despite Gloomy EconomyAlthough retailers are licking their wounds after reporting their worst holiday shopping seasons in years and President Obama began working on an economic stimulus package long before his inauguration, not everyone is bemoaning the current economy. |
Features & Special ReportsIs it Time for an Operating Cost Audit?: Franchise Tenants Unite!When was the last time you challenged a landlord or property manager about the operating expenses or common area maintenance (CAM) charges? Probably not recently or never, right? To clarify, operating costs are the day-to-day management and maintenance expenses charged to the tenant; examples include asphalt repairs, snow removal, property insurance, and so on. Franchise tenants pay a proportionate share of these costs based on the space they occupy. Therefore, if a franchise tenant occupies 12 percent of a building, he or she will pay for 12 percent of the operating costs. Paying by this said ratio is the industry standard but, of course, there are deviations for special circumstances like free-standing buildings and so on. "Old School" Communication: Cell Phone Texting Builds Customer TrafficConsidering the wide-ranging abilities of today's smartphones, simple text messaging may seem passé, but it's a basic social media tool that's working wonders for Chris Kramolis' franchise operation. He's been using text messages to build business and compile a database of his customers--and he doesn't see any reason to deviate from something that's working. Discovering Oil: Multi-unit Operator Strikes it Rich with Oil Change FranchisesDarrell Lamb remembers toiling away in the heyday of the mid-90s stock market. He was always searching for new investors, and on the lookout for hot investments. One day some of his advisers told him about an opportunity - a chance to invest in the Express Oil Change franchise. He had reason to trust the advisers since they were his uncle, who was president of the company, and his dad, an Alabama optometrist who was always interested in investing in growing ventures. Capital AccessDustin Winkle was a victim of the dot-com crash a few years back. While pondering his next career move, he visited with family members who operated some dry cleaning stores. He liked what he heard and purchased his first Martinizing Dry Cleaners stores six hours away in Yakima, Wash. It was a long commute from his home in Boise, Idaho, but he loved the business. Three years later his family was ready to sell its dry cleaning stores and Winkle was more than happy to buy some units closer to home. Today he operates 10 Martinizing Dry Cleaning stores (and one non-Martinizing unit) in the Boise area. Multi-Tasking: What It Takes To Be A Successful Multi-Unit FranchiseeTwenty years ago, franchising meant buying the rights to and opening a single unit or business. But a changing trend has taken hold during the last two decades. Today, it's not uncommon for a single franchise operator to have 5, 6, or even dozens of units. FRANdata research notes the number of multi-unit operators now tops 34,000, and those operators control more than 155,000 franchised units in the U.S. It's a growth strategy that has proven effective but it should be approached with caution. Multi-unit operators are generally wired differently then their single-unit counterparts. Successful multi-unit operators are typically experienced, skilled, professional business executives who have chosen franchising as their business model. They possess the skills, training, capital, infrastructure, and vision to operate numerous units and have the ability to continue adding units to their portfolio--without stressing their organization or their stomach. Episode 006: The Benefits of a Franchise ModelFranchising provides benefits for both seller and buyer. For franchisors, the primary benefit is the ability to use other people's money to expand the brand more rapidly than they could either on their own or through investors or lenders. The initial franchise fee and ongoing royalties they collect allow franchisors to build their brand without sacrificing control to outsiders or the pressure of repaying lenders. Measure for Measure: Unit Economics Plays a Leading Role on Today's Economic StageThe most fundamental business strategy calls for black numbers on the bottom line. In simplest terms, it's proof the business is generating more cash than it is spending. All too often, though, entrepreneurs get involved in businesses without employing a proper system to help them keep a watchful eye on what they're earning and what they're spending. Managing day-to-day operations can be so time-consuming that it leaves little room for financial analysis. Or perhaps key individuals lack a basic understanding of how to read and interpret financial statements. Combine these factors with the down economy, and you'll likely wind up with a troubled business. Service Based Franchising: Where the Action IsLast week we ended our discussion of service concepts with the point that many of these businesses are based on customers making the choice to trade money (surplus) for time (deficit). The example we used was maid services, where time-starved customers spend money to buy time they can spend with their family and friends. Other examples of businesses built on services that customers could perform themselves but choose to pay someone else for include lawn and landscaping services, residential painting, oil change, and installation of home entertainment systems. Seven Steps to Fiscal Fitness: A "Fiscal Physical" Will Help Your Business Survive, Grow, and ProsperIn the few minutes it takes you to read this article, 40 businesses across the nation will fail--and that statistic was [i]before[/i] the economic downturn of the last 24 months. Tragic? Yes. Remarkable? Not at all. The road to business success is littered with the skeletons of companies whose owners--mostly brilliant and skilled individuals--failed to "take care of business" in the financial management of their enterprise. Service Based Franchising: What Franchisors WantWhen you first consider franchising as a business model, one of the choices that arises is which type of business, in which sector, suits you best. One basic choice is to make is goods or service; another is retail or home-based. In previous months, we've explored ways to find the sector, and the franchisor, most likely to give you the best chance of success. More recently, in the previous four weeks, we've discussed the attributes franchisors look for in franchise candidates in the retail sector and in the home-based sector. Here we apply the same lens to the services sector. Let's begin with the similarities. All franchisors want candidates who follow the system, pay royalties on time, possess marketing skills and savvy, know how to run a business, show leadership and growth potential, are good communicators, and are expansion-minded, community-oriented, and willing to give back to the system. Franchisors look for these skills whether you choose a service, retail, B2B, or other concept.
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